The Pennsylvania Department of Revenue (PA DOR) issued on Sept. 6, 2012 Informational Notice Personal Income Tax 2012-02 that provides guidance to payors of (1) either nonemployee compensation or (2) … [Read more...] about Pennsylvania—Income Tax: Guidance for Submitting Copy of Federal Form 1099-MISC
IRS Offers New Penalty Relief
The IRS announced on March 7, 2012, IR 2012-31, a major expansion of its “Fresh Start” Initiative to help struggling taxpayers by providing penalty relief to the unemployed. A six-month grace period … [Read more...] about IRS Offers New Penalty Relief
Unreimbursed Employee Expenses
If you are an employee and incur work-related expenses on behalf of your employer, and such expenses are not reimbursed by your employer, you may be able to deduct those unreimbursed employee expenses … [Read more...] about Unreimbursed Employee Expenses
Identity Theft
The IRS has identified identify (ID) theft as one of the biggest challenges facing it today. If you go to www.irs.gov and type in “identify theft” in the IRS search engine, there is much useful … [Read more...] about Identity Theft
Rental Real Estate Tax Planning
Rental real estate offers tremendous tax advantages and opportunity for tax planning. Taxpayers can deduct interest on borrowed capital, exchange rather than sell properties to defer tax on gains, use … [Read more...] about Rental Real Estate Tax Planning
LOCAL EARNED INCOME TAX – CENTAX CLOSING ITS OFFICES
Employers who have been remitting its employees' local earned income tax (EIT) withholdings and individual taxpayers who make their estimated quarterly income tax payments or file their annual local … [Read more...] about LOCAL EARNED INCOME TAX – CENTAX CLOSING ITS OFFICES
