Individuals Who Wish to Invest in Certain Low-Income Areas Can Defer Capital Gains Until Year 2026 What Is a Qualified Opportunity Zone (QOZ)? A QOZ is an economically-distressed community … [Read more...] about QUALIFIED OPPORTUNITY ZONES AND FUNDS
Frank Haarlander
ECONOMIC NEXUS – PA & PHILA. WAYFAIR UPDATE
The U.S. Supreme Court's Wayfair Decision Was a Landmark Decision that Replaced the Physical Presence Test with An Economic Nexus Test Significantly Expanding the Tax Reach of Tax … [Read more...] about ECONOMIC NEXUS – PA & PHILA. WAYFAIR UPDATE
ADVANCED PREMIUM TAX CREDIT WOES
Life Events Can Create Unexpected Financial Consequences – Why It Is Important to Communicate With Your Tax Professional Unexpected Bad News Some taxpayers received unexpected news when … [Read more...] about ADVANCED PREMIUM TAX CREDIT WOES
A Day Late
“A day late and a dollar short” is an American idiom that is another way of saying “too little too late” Background Mr. & Mrs. Khafra (122 aftr 2d 2018-6610) went to court and argued … [Read more...] about A Day Late
ACTION STEPS NEEDED IF YOU RECEIVE A BONUS
IRS Announces New Withholding Rate on Bonuses Paid to Employees – Action Steps Required To Avoid IRS Underwithholding Penalty The Good News A company bonus paid to an employee is great news … [Read more...] about ACTION STEPS NEEDED IF YOU RECEIVE A BONUS
IRS ADVISES ITS AUDITORS HOW TO AVOID TAXPAYER’S RIGHT TO GO TO TAX COURT
IRS Challenges Corporate Taxpayers Who Fail to Pay Shareholder Employees a Reasonable Compensation by Denying Taxpayers Access to the Tax Court Background Since 2005, the IRS has focused … [Read more...] about IRS ADVISES ITS AUDITORS HOW TO AVOID TAXPAYER’S RIGHT TO GO TO TAX COURT
