Historic Preservation Tax Credit

Although signed into law by Governor Tom Corbett on July 2, 2012 as part of the Historic Preservation Incentive Act, Pennsylvania’s Historic Preservation ... read more >

Moving EO Forward


By Susan Kirsch

The newly appointed IRS Exempt Organization Management Team has moved forward swiftly and boldly with the release of its Streamlined Application for Recognition ... read more >

Service Organization Control (SOC) Reporting - Vendor vs. Subservice Organization


By Holly Russo

What differentiates an organization from being considered a vendor versus a subservice organization? This distinction is important for SOC 1 reports because ... read more >

Pennsylvania Tax Credits Suspended?

A recent amendment to Pennsylvania HB 2188 added a list of 13 tax credit programs that will be suspended for fiscal years 2014-2015 and 2015-2016 if the ... read more >

Using a 179D Study to Increase Your Return on Investment

In 2005, Congress passed the Energy Policy Act (EPAct) of 2005 that created the 179D Energy-Efficient Commercial Building Deduction. The 179D deduction ... read more >

Good Workers Can Be Hard to Find


By Todd Lucas

The lack of a dependable workforce has often been cited by manufacturers as negatively impacting their business. Based on a recent study, this may be especially ... read more >

IRS Now Sets Sights on Roth Features of 401(k) Plans

The Internal Revenue Service (IRS) recently began a new compliance check questionnaire that focuses on the Roth deferral provision in 401(k) plans. The ... read more >

Postcard from the 2014 PICPA Not-for-Profit Conference

I had the opportunity to attend the 2014 PICPA Not-for-Profit Conference June 2-3, 2014 in Harrisburg, PA. A mix of certified public accountants and finance ... read more >

Like-Kind Exchange Denied Due to Disqualified Intermediary, Taxpayer's Son

Real Estate

By Carl Scharf

In a recent Tax Court Memo 2014-110, an individual’s sale of real property and subsequent purchase of unimproved land failed to qualify as a §1031 ... read more >

Reporting Requirement for Overseas Assets in Japan

Japanese permanent residents who own overseas assets that have a fair market value in excess of JPY 50 million as of the end of a calendar year are required ... read more >