What is an extension? What is our office procedure? If no payment is due, we will notify you that an extension has been filed on your behalf.If a payment is due, our staff will provide you with the necessary instructions. What are your responsibilities? In order to prepare a more accurate extension we will need […]
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You may request up to an additional 6 months to file your U.S. individual income tax return. There are three ways to request an automatic extension of time to file your return. You must request the extension of time to file by the regular due date of your return to avoid the penalty for filing
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**Pennsylvania State Taxes Information** Does Pennsylvania tax code coincide with the federal tax return guidelines?No… Under the Federal tax code all income is taxable unless it is specifically exempt, excluded or deducted. In Pennsylvania, an item is taxable only if it fits into a specific eight income category list. If it classifies, Pennsylvania imposes a
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**The Shoulds and Shouldn’t of Investing in your 401k** You should start contributing early and regularly, this will maximize the amount of your tax-deferred savings. Each dollar committed to your 401k is deducted from that year’s taxable income amount, lowering the yearly total you pay income tax on. The money is taxed at time of
The Shoulds and Shouldn’ts of Investing in your 401k Read More »
For federal tax purposes, the IRS looks to state or foreign law to determine whether individuals are married. The IRS has a general rule recognizing a marriage of same-sex spouses that was validly entered into in a domestic or foreign jurisdiction whose laws authorize the marriage of two individuals of the same sex even if the
Legal Same-Sex Marriages Recognized For Federal Tax Purposes Read More »
