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 [...]
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The GRAT (Grantor Retained Annuity Trust) It may seem counterintuitive to consider wealth transfer opportunities as financial markets continue to experience volatility with the spread of [...]
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 [...]
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 [...]
