Tag Archives: Taxes

IRS Weighs-in on PPP Loans

PPP Borrowers Cannot Deduct Expenses Paid With Forgiven PPP Loan Proceedscalculator and financial and tax statements

On May 1, the IRS released guidance addressing the deductibility of the expenses paid by businesses receiving a Paycheck Protection Program (PPP) loan. While the CARES Act provides that …

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It’s Official…Federal Tax Reform!

Federal Tax Reform Wondering How Tax Reform Will Affect You or Your Business?

Tax reform is here. President Trump signed the “Tax Cuts and Jobs Act” into law on December 22, 2017. The new law will affect millions of Americans in …

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Relocating to Florida Part II:  Understanding Death Taxes When I own Real Property in Florida and Pennsylvania

Flamenco Beach CulebraIf you live in Florida and own real property in Pennsylvania or another state, or are looking to change your domicile to Florida, but wish to retain a residence in another state, you may be surprised to learn that you …

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Relocating to Florida: Understanding the Benefits of Becoming a Florida Resident

florida-domicile

Do you own a home in Florida? Have you ever considered becoming a Florida resident?  Florida gives you attractive tax planning tools that may help make that decision a little easier.  Unlike other states, Florida has no income tax, no …

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Update! Washington County Property Reassessment: Reviewing Your Final Assessment and Navigating The Appeal Process

This is an update to our February 8, 2016 post, What Washington County Property Owners Need to Know About Their Property Reassessment.

Washington County recently concluded a court-ordered reassessment of all residential and commercial properties in the county. It …

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What Washington County Property Owners Need To Know About Their Property Reassessment

Similar to the reassessment that Allegheny County property owners experienced in 2012, Washington County recently concluded a court-ordered reassessment of all residential and commercial properties in the county. It is the first county-wide reassessment in more than 35 years and …

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Gifting and Taxes: What You Need to Know

shutterstock_261582092Are you planning to give a special gift to a deserving graduate? Are you curious about the tax consequences of that gift? The Internal Revenue Service provides regulations regarding the definition of a gift, how much one person may gift, …

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