The campaign has eleven tax preparation sites throughout the city, including a new one at 1207 Chestnut Street, in center city. There's also a drop-off site at the "311 Center," at City Hall. And additional online help is available atmyfreetaxes.com. Services are offered to families ...
State and Local taxes deductions limited to $10,000 Unemployment income is now fully taxable IRA contribution deductions are now limited Kiddie Tax: The child’s unearned income will be taxed at the trust tax rate Re-characterization the IRA conversion has been repealed ...
It is a common myth that income taxes are not dischargeable in bankruptcy. Although it is true that most taxes are not dischargeable, certain federal, state, an local income taxes are an exception. For more on discharging income taxes, see the updates to our popular post, "You Can Dischar...
Income made through criminal activity must be reported on your taxes, according to the Internal Revenue Service. The IRS said individuals who earned a profit from illegal activities, such as drug dealing or bribes, must include it in their 2021 filings. It is to be included in Schedul...
A Philadelphia bankruptcy attorney explains how you can discharge federal, state, and local income taxes in Chapter 7 and Chapter 13 bankruptcy in Pennsylvania. Bankruptcy can eliminate some back income taxes or restructure others. Taxes and Bankruptcy The Pennsylvania Statute of Limitations on Debt St...
We have expertise serving a broad range of clients, especially with Philadelphia taxes and accounting for local small businesses. Our staff of qualified professionals has worked with businesses of all sizes and industries to develop agile business models, utilize tools and technologies to tap into gro...
which permits local tax authorities to provide refunds or forgiveness of real estate taxes to low-income taxpayers. Councilmember Gauthier’s bill is the local legislation necessary to activate Act 58’s tax freeze in Philadelphia. Act 58 requires the City to benchmark income eligibi...
We can buy your Philadelphia house quickly no matter what situation you may be facing. Liens, behind on taxes/mortgage, code violations, … it doesn’t matter. It costs you nothing to see what we have to offer! House is in bad shape ...
Taxes Disproportionately Although some of the same issues were raised by the Obama Presidency seventy years later, other more serious issues about the regulation of interstate commerce have been slowly growing for over a century. Enforcement of rough uniformity between the states rests on the ability...
We'll continue to fine-tune this plan as tax laws change to be sure we're always saving you the most money on your taxes. In addition to businesses, we offer income tax preparation for business owners and individuals and submit all tax filings electronically so tax refunds are processed ...