Whether you love it or hate it, January through April is that unavoidable period when many adults in Pennsylvania are thinking about their taxes. Before you can successfully file your taxes, it's a good idea to have a clear understanding of the Internal Revenue Code....
Pennsylvania state taxes are unique compared to the tax requirements in many other states. There are a number of taxes for personal income, sales purchases, property ownership, inheritances and many other reasons. There are basic facts to know about this state's tax...
With tax rules and regulations, it's important to follow any changes carefully as they may affect how you file your taxes after a divorce. One significant alteration to how taxes are handled in divorces occurred at the start of 2019. At that time, additional rules...
Pennsylvania does not have an estate tax. However, it does have an inheritance tax that applies to assets transferred upon death to someone other than a spouse. When you are a beneficiary of property, the state's inheritance laws impose a percentage of the asset's...
2020 saw Americans changing where they live and work at a dizzying speed. More people are working remotely from different states and seeing income tax issues. Some sectors, such as the entertainment industry, are already dealing with income tax issues. How does having...
Taxpayers often hope their returns process swiftly and without any problems. Unfortunately, not every federal return filed by a Pennsylvania resident avoids problems. Some issues could be minor ones that end up resolved without much trouble. Then, some taxpayers find...
A tax audit is when the IRS wants to ensure that an individual or organization's financial information is in line with what they've reported on their tax forms. If you've been called in for an audit in Pennsylvania, you may be feeling a bit nervous. By making sure...
When Pennsylvania residents owe a large sum to the IRS, it can be a scary time. However, taxpayers should know that it is possible to settle with the IRS for a lower amount in some cases. This settlement is known as an offer in compromise. Such an offer is only...
When you file your taxes at the beginning of each year, the last thing you want to think about is your potential for getting audited. The fact is that the Internal Revenue Service audits very few returns. However, there are certain things that appear on returns as red...
In terms of retirement plans, you may have a 401(k), a traditional IRA or a Roth IRA and you make continuing contributions to save for the time your working career ends. However, those contributions and the associated tax consequences change annually. Do you know how...
