The IRS has issued a formal and expanded release on the April 15, 2020, deadline for 2019 federal income tax returns. July 15, 2020 remains the new due date for all calendar year 2019 returns for [...]
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This coronavirus is certainly an ill wind and we are all doing our best to cope. We also remember the saying that, “It is an ill wind that blows no good.” So what is the planning one [...]
The Commonwealth of Pennsylvania Department of Revenue announced that Pennsylvania Personal Income Tax Returns may be filed and paid as late as July 15, 2020 (instead of April 15, 2020). Nothing [...]
April 15 is now July 15. The U.S. Treasury Secretary just announced that the filing date for individuals to file 2019 federal income tax returns has been postponed by ninety days to July 15, [...]
You heard it here, you might love April 15th this year! Because of the coronavirus pandemic, the IRS has postponed tax payments that would normally be payable with your 2019 tax return, which is [...]
The Internal Revenue Service (IRS) just announced that some 800 taxpayers, all of whom earn more than $100,000 each year, have not been filing income tax returns. The IRS has decided the best way [...]
Micro-Captive insurance companies, those organized under §831(b) of the Internal Revenue Code, have been under scrutiny by the IRS for several years. This provision was purposely created by [...]
This is a warning about the latest round of scams in which fraudsters pretend to be from the IRS. DO NOT OPEN EMAILS FROM THE IRS. The IRS will never contact you by email to tell you that you are [...]
Pennsylvania taxpayers have for many years been able to give money to a qualifying charity and get a credit against state income taxes for at least 75% of the gift under the Pennsylvania [...]
In a recent case, the U. S. District Court in South Dakota confirmed that tax is as certain as death. In this case, the heirs neglected to file a timely federal estate tax return. When the return [...]
