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Philadelphia Will Not Allow 199A Deduction
Philadelphia will not allow the IRC Sec. 199A deduction for the: Business Income & Receipts Tax (BIRT); Net Profits Tax (NPT); and Wage and Earnings Tax. Why Does the Deduction not Apply to BIRT? Partnerships…
Continue ReadingNJ Updates Pension Exclusion Amounts for 2018 Tax Returns
In New Jersey, qualified taxpayers are able to exclude qualifying retirement income on the New Jersey return under a pension exclusion law that was passed in 2016. Retirement income that qualifies for…
Continue ReadingIRS Expands Identity Protection PIN Program
The IRS is expanding to seven additional states its voluntary program for taxpayers who wish to obtain identity protection personal identification numbers (IP PINs) and are not currently victims of tax…
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