The combination of the holiday spirit and the approaching calendar year end make now a popular and busy time for charitable solicitations and donation requests. Individual taxpayers seeking to support…
PA Supreme Court NOL Ruling Changes Deduction Moving Forward, Creates Uncertainty for Past Filings
Two years ago, the Commonwealth Court sided with corporate taxpayers in Nextel Communications of the Mid-Atlantic, Inc. v. Commonwealth of Pennsylvania, declaring unconstitutional the state’s cap on deductible net operating…
Nonprofits: Don’t Overlook This Tax-Advantaged Way to Raise Funds
Editor’s note: On April 20, Governor Tom Wolf signed into law Act 15 of 2020. The law addresses a number of critical local and state government issues related to timing,…
The Nonprofit’s Guide to Tax-Smart International Giving
In the course of philanthropic business or collaborative efforts, nonprofits based in the U.S. may wind up donating funds to a foreign tax-exempt organization. Transnational donations are, by default, subject…
Can PA Tax Amnesty Program Benefit You or Your Business?
Pennsylvania’s budget for Fiscal Year 2016-17 included the chance for delinquent or non-filers to come into state tax compliance through a 60-day amnesty period. Last fall, the Pennsylvania Department of…
