IRS Clarifies that Partners are not Employees, even in Holding Company Structure

Co-authored by John L. Sikora The Internal Revenue Service recently adopted temporary regulations to clarify that a disregarded entity that is owned by a partnership is not treated as a corporation for purposes of employing the individual partners in the partnership, even if the disregarded entity is otherwise treated as a corporation for employment tax […]

New $25 Million Angel Investor Tax Credit Program to Encourage Early Investment in New Jersey’s Innovative and Emerging Technology Businesses

Legislation signed into law on January 31, 2013 by New Jersey Governor Chris Christie promises to provide corporate business tax credits and gross income tax credits to angel investors for up to ten percent (10%) of a qualified investment in an emerging technology business with a physical presence in New Jersey that conducts research, manufacturing […]

New NJ Law Provides Corporate Tax Credits To Foster Job Creation

Legislation signed into law earlier this month by New Jersey Governor Chris Christie promises to provide corporate income tax credits to companies seeking to move to New Jersey or expand New Jersey-based operations based on capital investments and job creation and/or retention.  The legislation creates the GrowNJ Assistance Program, a $200 million tax credit incentive […]