Pennsylvania Collections on Proposed Assessments

As a result of the recession and the various federal budget cuts, many states are currently in a budget crisis, where spending exceeds collections. Pennsylvania is no exception, where spending has exceeded collections/revenues by $487 million for the first six months of the fiscal year ending June 30, 2012.

We have noted several occurrences where the Department of Revenue (“DOR”) has utilized tax overpayments in a subsequent year to satisfy alleged tax deficiencies in an earlier year for which a formal petition for reassessment has been timely filed with the Pennsylvania Board of Appeals. A collection effort of this type is not in accordance with the applicable statute, which requires the DOR to defer any collection effort until 90 days after the Board of Appeals decision is rendered on the petition.

A Schneider Downs representative can provide assistance if an assessment notice has been received, prompt review and action is critical in order to request reassessment of tax, penalties and interest. 

© 2012 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter. 

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The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2019 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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