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IRS payment glitch might generate past due notices for married couples
The glitch in the system is if the "secondary" taxpayer
Philadephia – Permanent Sidewalk cafe license for restaurants
As of 12/31/22, the City of Philadelphia did not renew the temporary sidewalk cafe license that allowed the
IRS FAQ guidance on clean vehicle credits
The IRS released on Dec 29th, 2022 a FAQ (Frequently Asked Questions) for clean vehicles credits for new,
Delayed implementation of 1099-K – Third party payments
The IRS announced on December 23rd, 2022 a delayed implementation of the 1099-k third party payments. This reporting
Well-known tax preparation software sent financial information to Meta
In the last months, we have reported some issues with popular tax software that was charging fees or
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Philadelphia extends Net Operating Loss to 20 years
If you are a business in Philadelphia and have a loss, you can use that loss against the future profit in the
IRS relieves penalties for personal and business 2019 and 2020 tax returns
Yesterday, the IRS announced a penalty relief program for personal and business tax returns related to 2019 and 2020 tax years. To
Tax credits for college students
In the IRS Tax Tip 2022-123, the IRS reminds college students and any taxpayers that might claim them, that there are two