News & Insights

Americans who will not qualify for Social Security retirement benefits are relatively rare, but if you are one of them, you need to know so you can make sure you have other sources of retirement income…

Millions of taxpayers filed a 2018 tax return in the last few weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected. If it didn’t, they can use…

While the federal income tax-filing deadline has passed for most people, there are some taxpayers who have not yet filed their tax returns. The Internal Revenue Service encourages them to file now, even…

Tired of paying taxes? If your tax payments gave you the tax season blues, you might consider relocating to a state with no income tax. Keep in mind that we’re just talking about state taxes, you’ll…

The Internal Revenue Service provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the…

Unclaimed income tax refunds totaling almost $1.4 billion may be waiting for an estimated 1.2 million taxpayers who did not file a 2015 Form 1040 federal income tax return, according to the Internal Revenue…

The Internal Revenue Service clarified the tax treatment of state and local tax refunds arising from any year in which the new limit on the state and local tax (SALT) deduction is in effect. In Revenue…

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…

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…

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…