In response to growing identify theft concerns, taxpayers may need to complete an additional step before receiving their state tax return in 2014: identity verification. In an effort to combat…
2013 Year-End Planning: Now’s the Time to Review Your Written Capitalization Policies
Released in September, the new tangible asset regulations added a de minimis safe harbor rule. To take advantage of this change, now is the time to review your written asset…
Is a Delaware Holding Company Still Viable in PA?
For years, companies have been using a Delaware Holding Company (DHC) structure to mitigate state income taxes. After years of wrestling with possible solutions, Pennsylvania introduced the Pennsylvania Tax Reform…
PA Legislation Brings Changes to Bank Shares Tax Calculation
Recent legislation in Pennsylvania brings several changes to the calculation of the Bank Shares Tax. This is a tax imposed on the apportioned taxable capital of “banks.” The term, “bank,”…
IRS Federal Tax Changes for Legally-Married, Same-Sex Couples
On August 29, the IRS announced that all legally married same-sex couples will be treated as married for federal tax purposes, effective for returns filed on or after September 16,…
