The good news: In 2020, you have until July 15 to file your tax returns. The bad news: Tax laws have changed again and are as complicated as ever. More good news: Some changes may save you and your family money. More bad news: First, you have to understand them....
Taxes are an inescapable part of life. For most people, filing taxes represents a minor inconvenience on a yearly basis. However, conflicts with the Internal Revenue Service may arise. These may be more likely if you have a complicated financial situation, such as...
Classifying your workers correctly is essential because of taxes. If you choose the wrong classification, it can have serious financial repercussions on your Pennsylvania business. You have two general options: employee or independent contractor. The IRS has specific...
So much of the estate planning process in Pittsburgh focuses on the distribution of your individual wealth; little attention is often paid toward potential liabilities that may come with the distribution of your assets (such as taxes). Perhaps this is because you...
Winning a court case and getting a settlement in Pennsylvania is a victory, but you may want to wait before celebrating. The reality is that this money may not all be yours to do with as you please. You may owe the government a nice chunk in taxes. There are specific...
It may be too late for many Pennsylvania taxpayers to make a difference in their taxes for 2017, but this is the perfect time to prepare for next tax season. In light of the many new tax rules the federal government enacted last year, many are seeking advice...
It seems that very few windfalls come without strings attached. Those in Pennsylvania hoping to win the Mega Millions Jackpot or any other substantial lottery prize would be wise to take heed of this. Just like any payday, the winner of this massive prize will have to...
Many Pennsylvania residents were shocked this spring when they completed their tax returns and discovered they owed money to the IRS. Others may have filled out their forms fully aware that they would be paying taxes since they owe money every year. Some may have tax...
For some, tax preparation is on their minds all year long. A Pennsylvania worker may have numerous sources of income, run a business or simply fear that again this year, he or she will owe hundreds or thousands more than anticipated. When these tax issues arise, it...
With the federal income tax filing deadline coming this week, there are a number of people who lament the reality that they will have to owe Uncle Sam money. For those in this unenviable situation, they might not just have the IRS to deal with in the event they don't...
