Rental of a Transient Accommodation Obtained Directly from the Owner is No Longer Subject to NJ Sales Tax Background In our blog post of October 30, 2018, we alerted our readers that New … [Read more...] about NJ Amends its Sales Tax Law Regarding Transient Accommodations
Did You Know that your H&R Block Tax Preparer Works for the IRS?
Your Tax Preparer May Even Work for the Criminal Investigation Unit of the IRS Background The Treasury Inspector General for Tax Administration (TIGTA) found that as many as 2,200 IRS … [Read more...] about Did You Know that your H&R Block Tax Preparer Works for the IRS?
IRS Focuses on Crypto & Non-crypto Virtual Currencies
If you invest in Bitcoin or some other form of a virtual currency, be aware that the IRS is expanding its enforcement actions and understand what your tax responsibilities are. Background In … [Read more...] about IRS Focuses on Crypto & Non-crypto Virtual Currencies
PA LESSEES REQUIRED TO WITHHOLD PA PERSONAL INCOME TAX ON LEASE PAYMENTS MADE TO NON-PA COMMERCIAL LANDLORD
Lessees Required to Withhold PA PIT on Lease Payments Made to non-PA Commercial Landlords PA 72 P.S. §7324.4 Withholding Requirement PA 72 P.S. § 7324.4 states "Every lessee of … [Read more...] about PA LESSEES REQUIRED TO WITHHOLD PA PERSONAL INCOME TAX ON LEASE PAYMENTS MADE TO NON-PA COMMERCIAL LANDLORD
Excess IRA Contribution
“Excess IRA Contributions Cannot be Ignored, Unless You Don't Mind Being Assessed an Annual 6% Penalty" Background If a contribution is made to an Individual Retirement Account (IRA) in … [Read more...] about Excess IRA Contribution
IRS PLACES RENEWED FOCUS ON CRYPTOCURRENCY & NON-CRYPTO VIRTUAL CURRENCY INVESTORS
IRS Is Using Data Analytics to Identify Taxpayers Who Invest in Cryptocurrency and Fail to Report Their Gains Our Observations In our Exton PA office, we are seeing more taxpayers invest in … [Read more...] about IRS PLACES RENEWED FOCUS ON CRYPTOCURRENCY & NON-CRYPTO VIRTUAL CURRENCY INVESTORS
