Tax Warrior Chronicles

Finding and Securing Unclaimed Property

Posted on Thu, Dec 13, 2018

CECILIA FERNANDES - OFFICIAL - 2016By: Cecilia Fernandes

 

Wouldn’t it be nice to find $20 under the seat of your car, that’s been there for two years?  Of course, it would. Discovering an asset you did not know existed, and it belongs to you, is an exciting prospect. Today’s blog will explore how you may find your own unclaimed property and,  what to do with unclaimed property that belongs ... Read More

Understanding IRS Collections & Installment Agreements

Posted on Fri, Dec 07, 2018

MELISSA BANION - OFFICIAL - 2016By: Melissa Banion, CPA, MT

 

The IRS collections process can seem incredibly daunting and often instills fear in taxpayers.  The first thing to understand, is the IRS will not immediately break down your door or throw you in prison when you cannot pay the tax you owe.  However, making yourself aware of the process can save you time, headaches and, potentially, money.

... Read More

More Upcoming Tax Warrior Events – International Taxes and Opportunity Zones

Posted on Tue, Dec 04, 2018

DS 2017 Social Media Icon 2By: Drucker & Scaccetti

 

The Tax Warriors® at Drucker & Scaccetti continue to provide insight into today’s most pressing tax and financial planning issues. The end of the year always brings questions about planning opportunities. Here are a few events featuring Tax Warriors as educators were you can get answers to your questions.  Links are provided for more information and to register. 

 

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The New Tax Law: 2018 Year-End Planning Tips for Individuals

Posted on Mon, Dec 03, 2018

TIFFANY DIAZ - OFFICIAL 2018

By: Tiffany Diaz, CPA

 

Last week, we shared our top year-end planning tips for businesses. We hope you found the ideas useful. There was much ado about the Tax Cuts and Jobs Act of 2017 (TCJA) over the past 12 months.  But, now it’s crunch time and on January 1, the rubber meets the road. So, with today’s blog, we share our top year-end planning tips for individual filers.

... Read More

Upcoming Tax Warrior Events – TCJA Update and Opportunity Zones

Posted on Thu, Nov 29, 2018

Brunell1By: Drucker & Scaccetti

 

The Tax Warriors® at Drucker & Scaccetti have developed a good working relationship with PIDC (Philadelphia Industrial Development Corporation), a leading support and growth organization for the City’s businesses, big and small. Through PIDC, we educate business owners and help them sustain and grow their wealth through Tax As A Business Strategy®.  Here are two free December events by PIDC featuring Tax ... Read More

The New Tax Law: 2018 Year-End Planning Tips for Businesses

Posted on Wed, Nov 28, 2018

Brunell1By: Joseph Brunell, CPA

 

The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017, and became effective on January 1, 2018.   For many businesses, the TCJA provides benefits such as reduced corporate tax rates, removing the corporate alternative minimum tax, and a new pass-through business income deduction.  However, many tax planning ideas go beyond the big-ticket items.  The Tax Warriors® at Drucker & ... Read More

Impact Investing and Program-Related Investments:  The Impact on Private Foundation Excise Taxes

Posted on Tue, Nov 20, 2018

Kieser2By: Rachel M. Kieser, CPA, MT

 

Over the past few years, you may have heard the term “impact investing” used more frequently in financial- and tax-planning circles.  Impact investors provide funding to for-profit ventures that support social or environmental causes but also produce financial returns.  Individual investors and private foundations alike have been increasingly turning to impact investing to further their missions and make a difference in their communities ... Read More

ATTENTION Philly Property Owners – Beware the Use & Occupancy Tax

Posted on Thu, Nov 15, 2018

Irina EricBy: Irina Moyseyenko, CPA, MT

 

If you own a Philadelphia property, which is used for business purposes, you are subject to the Philadelphia Use & Occupancy Tax (“U&O Tax”).  This tax is charged to the owner of the property and is 1.21% of the assessed value of the property. Surprised? Read on for more information, including exemptions and the process for appeals.

 

The U&O Tax is in addition ... Read More

Divorce and Your Employee Stock Compensation Plans

Posted on Tue, Nov 13, 2018

DONNA PIRONTI - OFFICIAL - 2018-1By: Donna Pironti, CPA, MSA, CFF

 

Tax Warrior Donna Pironti, CPA, MSA, CFF, co-authored an article in the American Bar Association's magazine, Family Advocate. The article gives detailed explanations of the different types of employee stock compensation plans and how their value may be transferred or split ... Read More

The Wizards of “OZ” Introduce Resource Center and Incentive Ideas for Opportunity Zones

Posted on Mon, Oct 29, 2018

CHRIS CATARINO - OFFICIAL - 2016By: Chris Catarino, CPA, MT

 

While Drucker & Scaccetti is elbow deep reviewing the proposed Opportunity Zone (OZ) regulations Treasury recently released, we’ve also been working with local leaders to explore ideas that will drive national capital into Philadelphia’s abundant OZ real estate projects. So far, most of this energy has been focused on offering resources and other benefits to ... Read More