Estate Tax Portability Lost Unless Form 706 is Filed

Due to a new concept known as “portability," estate tax return filings for decedents dying in 2011 and 2012 are expected to reach historic highs.... read more >

Protecting Your Organization from the Front Page

Not-for-Profit

By Amy Kletch

When an organization is in the news facing a significant threat to its reputation, it is important for all organizations to take a step back and ask, “What can we be doing better?” Amy Kletch reports from the Nonprofit group's recent seminar on this topic.... read more >

Proposed Regulations for Passive Loss Rules for Limited Partners and LLC Members

Tax

By Kathleen Myers

In response to several losses in court, the IRS is redefining a limited partnership interest under the passive loss rules. The IRS has issued proposed ... read more >

FASB Proposes Fair Value for Investment Properties

Audit

By Steven Franz

The Financial Accounting Standards Board (FASB) recently issued two Proposed Accounting Standards Updates (ASUs), one intended to improve and converge ... read more >

2011 Charitable Contribution Considerations

Tax

By Dennis Mowrey

The year 2011 is quickly slipping away, and it’s that time when people look to make charitable contributions. Who can I make a donation to? How much ... read more >

2011 Manufacturing Year End Tax Tips

Don’t forget about the little things. Sometimes, it pays to review a few tried-and-true tax planning tips. As year-end approaches for most folks, ... read more >

Auto Dealers and Facility Upgrades: What is Taxable Income?

Automobile

By Bob Bandi

Some auto dealers are concerned that the assistance they receive from manufacturers to help with the cost of required facility upgrades must be recognized ... read more >

Pennsylvania Contractors Installing Financial Institution Security Equipment

In the latest Tax Update from the Pennsylvania Department of Revenue, the Department announced that its auditors will enforce compliance among contractors ... read more >

Pennsylvania Employers-Act 32 of 2008 is Here!

Effective January 1, 2012, employers are expected to be registered with the applicable Tax Collection District(s) and begin withholding local earned income ... read more >

Senate Begins Debate on Extension of the Social Security Payroll Tax Holiday

Tax

By Ron Kramer

Proposed legislation in Washington would cut the Social Security payroll tax from 6.2% to 3.1% for 2012. Ron Kramer provides an inside look at this proposed legislation.... read more >