Tax

In a unanimous decision issued on June 6, 2024, Justice Thomas ruled in favor of the Internal Revenue Service (IRS) on Estate of Connelly v. United States. The ruling held that life insurance proceeds…

The IRS has announced that most of the remaining Employee Retention Credit (ERC) claims are likely fraudulent or erroneous, leading to the impending denial of tens of thousands of these claims. The ERC…

The Internal Revenue Service issued a consumer alert following ongoing concerns about a series of tax scams and inaccurate social media advice that led thousands of taxpayers to file inflated refund claims…

The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until June 17th to make their payment for the second quarter of tax year 2024 without penalty. You may send estimated…

The Internal Revenue Service (IRS) has recently made significant changes to the tax rules concerning inheritances, potentially affecting how Americans transfer assets to their children. These changes,…

Last year, the Child and Dependent Care Enhancement Tax Credit delivered critical relief to roughly 210,000 families in Pennsylvania. Research has shown that a similar tax credit on the federal level…

Non-profits, such as charitable and volunteer organizations, can now apply for and renew a Pennsylvania sales tax exemption. The Department of Revenue launched this online application on myPATH in late…

Philadelphia has updated its guidelines for non-resident Wage Tax refunds which apply to tax years 2023 and beyond. The Wage Tax applies to all earnings made in Philadelphia, including salaries, wages…

On January 19, 2024, the House Ways and Means Committee overwhelmingly approved the Tax Relief for American Families and Workers Act of 2024 by a 40-3 vote. The bill provides for increases in the child…

The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until January 16th to make their payment for the 4th quarter of tax year 2023 without penalty. Who needs to make a…