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 [...]
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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 [...]
The assessed value of any Allegheny County property, commercial or residential, may be appealed annually by any interested party, including the owner, the school district or the municipality. The [...]
Charitable Contributions from an IRA If you are over age 70½ and have a traditional IRA, you may make up to $100,000 of donations directly to charity with no income recognition. In the proper [...]
The U.S. Supreme Court’s ruling in South Dakota v. Wayfair, Inc., 138 S. Ct. 2080 (2018), has led to significantly increased exposure to sales tax for businesses with interstate sales. This [...]
Many individuals do not realize the value of their digital records and the potential for loss if these assets are lost or inaccessible. Individuals should identify these assets and address the [...]
The Internal Revenue Service is beginning to make offers to settle some of the Section 831(b) micro captive insurance cases. You may already be aware that the IRS considers most micro captive [...]
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 [...]
What is estate administration? An estate administration is the process of winding up a decedent’s affairs. On a basic level, that entails gathering the decedent’s assets, satisfying the [...]
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 [...]
