Levine, Jacobs & Company, LLC, Member Advises on Deductible Payments
Michael Karu, CPA/CFF, quoted on NJ.com regarding taxes and deductible fees.
- Newark, NJ (1888PressRelease) March 23, 2019 - Michael H. Karu, CPA/CFF, Member, Levine, Jacobs & Company, LLC., was highlighted on NJ.com where he answers the question “are municipal sewer payments deductible on my tax return?”
Karu states it depends on whether payments to a municipal sewer authority are deductible on New Jersey or Federal Tax Returns. If you have a business or rental property then those payments are deductible, if not then they aren’t deductible.
“Note that it is a fee and not a tax, therefore eliminating it as personal deduction,” Karu said. “If you have a business or rental property that has to pay that fee, then it would be deductible in the normal course of business.”
To read the article, please visit https://bit.ly/2FlwSxP
To speak with and/or set up an interview with Michael Karu, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr ( @ ) verizon dot net dot
Michael H. Karu, CPA/CFF, is a member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics.
Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs. Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.
Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”
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