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FEDS: BE WARY OF BILL THAT COULD ALLOW NEW JERSEYANS TO SKIRT TAX LAW

The State of New Jersey has a new law in place designed to skirt republican tax reform laws.  Not so fast, says the Internal Revenue Service and the Treasury Department who remind residents that federal law controls the proper definition of payments for federal income tax purposes.  Many towns in New Jersey say this new law would be an absolute accounting disaster.

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