Small Business Alert: The 100% Penalty That Hits Hard
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from ...
Are You a Tax-Favored Real Estate Professional?
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can ...
Do You Have an Excess Business Loss?
If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Here’s what you need ...
Can I Itemize Deductions on My Tax Return?
You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they ...
Financial Relief for Families: The Benefits of the Child Tax Credit
The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether you’re new to claiming the credit or ...
A Heavy Vehicle Plus a Home Office Equals Tax Savings
New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for significant first-year depreciation write-offs. ...
Boost Benefits with PA’s New Employer Tax Credit for 529 Contributions
In today's competitive job market, offering meaningful benefits can set your company apart and help attract and retain top talent. Pennsylvania's new ...
'What Now?' A Trustee / Executor's Guide to Getting Started
Have you been named as executor of your parent's estate? What does this job entail? Acting as an executor of an estate can involve a great deal of ...
Year-End Tax Moves: It's Not Too Late!
As the end of the year draws near, savvy taxpayers look for ways to reduce their tax bills. This year, the sense of urgency is higher for many ...