Pennsylvania Issues 2017 Tax Amnesty Program Guidelines

The Pennsylvania Department of Revenue issued guidelines for the Tax Amnesty Program enacted as part of the FY2016-2017 budget. The Tax Amnesty Program ... read more >

The IRS Makes Changes to Charitable Remainder Annuity Trust Rules

A charitable remainder annuity trust (“CRAT”) can be a powerful estate planning tool for taxpayers who wish to make charitable contributions ... read more >

PATH Act of 2015 Requires Renewal of All ITIN Numbers Issued before 2013

Purpose of an ITIN Number The IRS issues Individual Taxpayer Identification Numbers (ITIN) to individuals who have U.S. tax filings and who do not have, ... read more >

Proposed Regulations Address Changes to Form 1098-T Reporting Requirements

On July 29, the Internal Revenue Service (“IRS”) issued proposed treasury regulations to reflect changes to the reporting requirements for ... read more >

He Shoots and Misses! Soccer Star Found Guilty of Tax Fraud

Tax

By PJ Rogers

Barcelona superstar Lionel Messi "Messi" will want to forget the summer of 2016. Although winning Spain's domestic soccer cup "La Liga" ... read more >

PASSIVE ACTIVITIES

Tax

By Dennis Mowrey

Once the Tax Reform Act of 1986 was passed, taxpayers were no longer allowed to deduct non-economic losses from passive activities from wage and investment ... read more >

Auto Dealers Should Revisit Pay Plans in Light of New Overtime Rule

Automobile|Tax

By Bob Bandi

On May 18, 2016 the Department of Labor issued new overtime rules in which an estimated 4.2 million currently exempt employees will become entitled to ... read more >

501(c)(4) "Social Welfare" Organizations - Change to IRS Regulations for Newly Formed Organizations

The Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) included a provision that requires 501(c)(4) organizations to notify the Secretary of ... read more >