Category Archives: Tax

So You Want to Start Your Own Business?

I am continually impressed with the level of entrepreneurship in our country.  Lately, the “hot” new local business is craft breweries, but there are many exciting business opportunities. Very often the inspiration for a new business comes from the lack [...Read More]

Tax Act and Jobs Act – Its Impact on Child and Spousal Support

As part of our ongoing commentary on the impact of the recently passed Tax Cuts and Jobs Act (hereinafter the Act) which will take effect beginning in the 2018 tax year, this article will continue to review some of the [...Read More]

Elimination of Personal Exemption in 2018

As many of you may have seen, last week’s article highlighted some of the changes we expect with the new federal tax laws that take effect in 2018 and future years.  While these changes will likely impact everyone in some [...Read More]

A new year – a new federal tax law!

While the majority of the provisions have no impact on your 2017 income tax returns, several things do require your immediate attention. The Medical Expense Deduction was threatened but was saved!  In fact, for 2017 and 2018 tax years, the [...Read More]

Pennsylvania Tax Amnesty for 2016-2017

Behind on your Pennsylvania Taxes? This Should Interest you, Literally! In July 2016, the Pennsylvania Legislature passed a Tax Amnesty Program for Fiscal Year 2016-2017, the first tax amnesty program since 2009-2010. Importantly, this applies to any person, association, fiduciary, [...Read More]

Who Can Claim Head of Household?

What is a Qualifying Person for Head of Household? It is that time of year, again.  April 15 is fast approaching and parties who have separated during the prior tax year will be confronted with a number of decisions regarding [...Read More]

Pennsylvania Tax Exemption for Family Owned Business

Family Owned Business & Pennsylvania Tax Exemption Historically, family owned business owners have been faced with a difficult tax situation at death.  The business can pass to your children but not before paying the 4.5% Pennsylvania Inheritance Tax.  This often [...Read More]

Already Time to Think about Taxes? Yes.

Changes to Tax Rules Will Impact Many Filers Not thinking about your taxes as you float on your raft or enjoy a summer picnic?  Think again.  There have been significant changes to the tax rules for 2015 that will impact [...Read More]

Back Taxes and Bankruptcy – Here’s What you Need to Know

  What Happens if you Owe Back Taxes and Declare Bankruptcy? Now that we have all survived the anxiety related to income tax preparation before April 15th, I thought it was a good time to review the issue of back [...Read More]

PA’s Legalization of Same Sex Marriage And The Affect on Real Estate Transfers

How Same Sex Marriage Impacts Real Estate Transfers Between Spouses As many of you are aware, Pennsylvania joined a number of states in legalizing same sex marriage. On May 20, 2014, a Federal Judge in the Middle District of Pennsylvania [...Read More]