Tag Archives: Tax

How Much Can I Gift? A Guide to Gifting and Taxes

Posted on May 6, 2021

Are 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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PA Dept. of Revenue, Inheritance Tax Division: Procedures in Response to COVID-19

Posted on March 24, 2020

What Taxpayers Need to Know About Inheritance Tax Filing and Payments   The Department of Revenue has closed all physical offices and call centers. Currently, the only method of contacting the office is through the Department of Revenue Customer Support website. … →

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Pennsylvania Inheritance Tax Has Changed For Some Children

Posted on February 4, 2020

PA Inheritance Tax Has Changed For Children, Age 21 or Younger, Who Inherit Money From a Parent Pennsylvania has relieved the tax burden from a class of beneficiaries who inherit from their parents. The class is narrowly defined as a … →

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It’s Official…Federal Tax Reform!

Posted on December 27, 2017

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 one way … →

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Governor Wolf Proposes Tax on Legal Services

Posted on March 10, 2015

Earlier this month, Governor Tom Wolf unveiled his proposed budget and tax plan for Pennsylvania for the fiscal year 2015-2016. The plan contains a proposed ten percent increase in the Sales and Use Tax rate to 6.6% tax and an … →

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