“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
West Chester CPA
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
PA MOTOR VEHICLE UNDERSTATED VALUE PROGRAM REVISITED
Philadelphia Inquirer Interested in PA Motor Vehicle Understated Value Program Do You Want to Become Famous? Do you want to become famous and to see your name mentioned in a story in the … [Read more...] about PA MOTOR VEHICLE UNDERSTATED VALUE PROGRAM REVISITED
PA REQUIRES PA COMPANIES TO WITHHOLD PA PERSONAL INCOME TAX ON PAYMENTS MADE TO NON-PA BASED CONTRACTORS
Brief Overview of the PA PIT Withholding Requirement When PA-Based Companies Make Payments to Non-PA-Based Contractors PA 72 P.S. §7316.2 Withholding Requirement PA 72 P.S. § 7316.2 … [Read more...] about PA REQUIRES PA COMPANIES TO WITHHOLD PA PERSONAL INCOME TAX ON PAYMENTS MADE TO NON-PA BASED CONTRACTORS
PA DEPT. OF REVENUE NOT REFUNDING TAXES WITHHELD
Taxes Withheld May Not be Refundable in PA Real Life Scenario #1 You put in your retirement papers to start receiving pension benefits or you decide to withdraw IRA retirement monies. … [Read more...] about PA DEPT. OF REVENUE NOT REFUNDING TAXES WITHHELD
WHAT CONSTITUTES LAST KNOWN ADDRESS FOR IRS MAILINGS?
IRS Prevails Over Taxpayer In Establishing Last Known Address for Contacting Taxpayer The Facts of the Case Damian and Shayla Gregory moved in 2015. After moving, they filed their 2014 Form … [Read more...] about WHAT CONSTITUTES LAST KNOWN ADDRESS FOR IRS MAILINGS?