Procrastination Cost Taxpayer $120,627 Background Kristin Intress and Patrick Steffen (taxpayers) were a married couple who filed a joint return for the 2014 tax year. Taxpayers were … [Read more...] about Tax Preparer Fails to File Extension To File Request and Taxpayer is Assessed $120,607 Penalty – Court Denies Abatement of Penalty
Frank Haarlander
IRS Reconstructs Income for Taxpayer Who Failed to File Tax Returns for Five Years
Lack of Adequate Records by Taxpayer Not a Deterrent to Preventing IRS from Reconstructing Taxable Income Background Francis Steffan Hayes [T.C. Memo 2019-147] failed to file his tax returns … [Read more...] about IRS Reconstructs Income for Taxpayer Who Failed to File Tax Returns for Five Years
PA Updates Its Corporate Income Tax Nexus Standard
PA Adopts Wayfair Nexus Decision that Physical Presence is Not Needed for PA to Tax Out-of-State Corporations that Receive an Economic Benefit from Their PA Marketplace Presence Physically … [Read more...] about PA Updates Its Corporate Income Tax Nexus Standard
NJ Amends its Sales Tax Law Regarding Transient Accommodations
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?
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
