Is it possible that you, your company or anyone you know may have a claim in connection with the BP Oil Spill (“Spill”)?
In response to the costs and damages incurred as a result of oil discharges due to the Spill, BP has agreed to contribute $20 billion to a newly established escrow fund which will [...]
Recently, President Obama announced another new economic stimulus plan that involves expanding and making permanent the research tax credit and also allows businesses to expense certain qualified investments at 100% through 2011. The President has not specified how this plan would be paid for – at a cost of approximately $180 billion over ten years [...]
The PA Department of Revenue (PA DOR) has advised the Pennsylvania Institute of CPA’s (PICPA) that the PA DOR will be re-instituting its Voluntary Disclosure Program with guidelines similar to those of the prior Tax Amnesty Program that ended on June 18, 2010. They have indicated however, that the 5% non-participation penalty will not be [...]
Certain summer day care expenses may qualify for an income tax credit. Many parents who work arrange for care of their children under 13 years of age during the summertime. Those expenses may help you get a credit on next year’s tax return.
Here are six facts the IRS recently released in its Summertime Tax Tip [...]
After much delay in the House and Senate over extenders legislation, H.R. 5623 (the “Homebuyer Assistance and Improvement Act of 2010”), a stand-alone bill, has finally been signed by President Obama, extending the first-time homebuyer credit. The new law extends the closing date deadline from June 30, 2010 to September 30, 2010. Please note: the [...]