A Victory for Residential Home Builders

A win for the residential home building industry, Shea Homes, Inc. (Shea) v. Commissioner could have a significant impact on how a few home builders defer ... read more >

Progress in Congress - An Overview of Tax Reform to Date

Tax

By Paul Matvey

As we pass the mid-point of the 2014 tax season, it’s an opportunity to pause and take a look at what’s happening currently with tax reform. ... read more >

Tax Update Alert Offshore Reinsurance Companies

On February 20, 2014, the IRS issued the latest set of regulations to clarify and amend the Foreign Account Tax Compliance Act (FATCA) final regulations ... read more >

Meals & Entertainment Expenses - Are They Deductible?

Tax

By William Winter

Taxpayers often incur business expenses for entertaining clients, customers, or employees. Such expenses, often referred to as meals and entertainment ... read more >

Final Regulations Issued on Pension Protection Affordable Care Act's Employer Mandate

On Monday February 10, 2014, the Internal Revenue Service (IRS) and Treasury Department issued final regulations regarding the Pension Protection Affordable ... read more >

Affiliated Groups Can Elect to File Combined Returns in Michigan

Tax

By Gary Sliman

Recent Michigan tax legislation (S.B. 367 effective December 30, 2013) allows an “affiliated group” to elect to be treated as a “unitary ... read more >

Trust Nexus Survey - Pennsylvania's Trust Taxation is Among Most Lenient

Tax

By Marko Zivanov

A recent survey by Bloomberg BNA[1] analyzes key factors driving state taxation of trusts. It offers interesting insights into the criteria that states ... read more >

2014 Social Security Changes

Tax

By Thomas Lisak

The following is a summary of the 2014 Social Security thresholds that impact both working and retired Americans: Cost of Living Increase (COLA) The COLA ... read more >

Payroll-Related Information for 2013 and 2014

Tax

By Thomas Lisak

Following is a summary of employer payroll information for 2013 and 2014: Form 940 FUTA Tax The Department of Labor did not include Pennsylvania on the ... read more >

Pennsylvania Rules Concerning Resident Trusts - McNeil Case

Tax

By Marko Zivanov

In Pennsylvania, every resident trust is subject to personal income tax. A resident trust is a trust created by a person who at the time of the trust’s ... read more >