News & Insights

The Tax Break New Jersey Business Owners Can't Afford to Miss

In an article for SJ Magazine, Bozena Diaz, Justin Csik, and Marty Babitz discuss significant changes affecting Qualified Small Business Stock (QSBS) planning at both the federal and state levels, including New Jersey’s new conformity with the federal QSBS exclusion and changes under the OBBBA that may create additional planning opportunities for business owners. ...read more

QSBS Tax Break Rules Expanded for Investors

Partners Bonnie Diaz and Justin Csik recently authored an article for NJBIZ examining significant federal and state law changes that expand the tax benefits available through Qualified Small Business Stock (QSBS). ...read more

Tax Planning: New Exclusions Under New Jersey Gross Income Tax Act and Changes to QSBS Exclusion Under OBBBA

Recent federal and state tax law changes have significantly expanded planning opportunities involving Qualified Small Business Stock (QSBS). In this article for the Philadelphia Business Journal, attorneys Bonnie Diaz, Justin Csik, and Marty Babitz analyze New Jersey’s newly enacted conformity with the federal QSBS exclusion under Internal Revenue Code §1202, as well as key changes introduced under the One Big Beautiful Bill Act (OBBBA). ...read more

New Exclusions Under New Jersey Gross Income Tax Act and Major Enhancements to QSBS Exclusion Under OBBBA—Key Opportunities for Tax Planning

For dispositions of Qualified Small Business Stock (QSBS) on or after January 1, 2026, New Jersey now follows Section 1202 of the Internal Revenue Code (Section 1202), allowing New Jersey taxpayers to exclude gains from the sale of QSBS from New Jersey gross income. ...read more

IRS Grants Penalty Relief for 2025 for New Tip and Overtime Reporting Rules

The Internal Revenue Service (the “IRS”) has issued Notice 2025-62 (the “Notice”), providing penalty relief for tax year 2025 in connection with the implementation of the new information reporting requirements related to the deductions for qualified tips and qualified overtime compensation that were added to the Internal Revenue Code (the “Code”) by Public Law 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act (the “OBBBA”). Specifically, the Notice provides relief from the penalty under Section 6721 for failure to file correct information returns and the penalty under Section 6722 for failure of employers and other payers to furnish correct payee statements separately reporting cash tips, qualified overtime compensation, or the occupation of the person who received the tip, as required under the OBBBA. This temporary penalty relief applies because the IRS will not issue new forms for 2025 and recognizes that many employers may lack systems or data to meet these new reporting requirements. ...read more

New IRS Regulations Modify Interest Capitalization Requirements for Property Improvements

On October 2, 2025, the IRS and Treasury Department issued final regulations (TD 10034) (the “Final Rules”) simplifying the interest capitalization rules for improvements that constitute the production of designated property under §263A(f) of the Internal Revenue Code. The Final Rules eliminate the “associated property rule,” which previously required capitalization of interest on property temporarily withdrawn from service or not yet placed in service, and make conforming amendments for consistency. These changes were issued in response to the Federal Circuit’s decision in Dominion Resources, Inc. v. United States, 681 F.3d 1313 (Fed. Cir. 2012), which invalidated portions of the associated property rule as inconsistent with the avoided cost principle underlying §263A(f). Effective October 2, 2025, the Final Rules apply to tax years beginning thereafter. ...read more

Archer Adds Leading Tax Attorney Bozena Diaz

Archer & Greiner announced today that Bozena (Bonnie) M. Diaz has joined the firm’s Hackensack office as a partner in its Corporate and Tax Groups. Bonnie, who joins from Cullen and Dykman LLP in New York, where she served as Chair of the Tax Department, advises clients on a comprehensive range of general and transactional tax issues related to domestic and international mergers, acquisitions, spinoffs, joint ventures, and more. ...read more

The New QSBS Landscape: Planning Opportunities for Business Owners and Investors (August 13 at Icona Avalon)

Recent federal and New Jersey law changes, including the One Big Beautiful Bill Act (OBBBA), have expanded and enhanced the tax benefits available to business owners, founders, and investors holding Qualified Small Business Stock (QSBS). These developments create new opportunities to reduce tax liability, enhance exit planning, and facilitate wealth transfer. ...read more

The New QSBS Landscape: Planning Opportunities for Business Owners and Investors (July 14 at Tavistock Country Club)

Recent federal and New Jersey law changes, including the One Big Beautiful Bill Act (OBBBA), have expanded and enhanced the tax benefits available to business owners, founders, and investors holding Qualified Small Business Stock (QSBS). These developments create new opportunities to reduce tax liability, enhance exit planning, and facilitate wealth transfer. ...read more