Coronavirus (COVID-19)

Resources & Updates for Pennsylvania CPAs

Loans Forgiven under the PPP Now Exempt from State Income Tax


Peter Calcara, PICPA's vice president of government relations, discusses Act 1 of 2021, a PICPA-supported measure that allows loans forgiven under the federal PPP to be exempt from state income tax (PA PIT).

AICPA Special Edition Town Hall
(Dec. 23, 2020)

 

More from the Philadelphia DOR, Pa. DOR, and Pa. DOL

Discussion on Pennsylvania Department of Revenue Reopening
July 9, 2020
Download Q&A Transcript

COVID-19 Recovery and the Philadelphia DOR: Live Discussion with Frank Breslin
July 28, 2020

COVID-19 and Pennsylvania’s Pandemic Unemployment Assistance Webinar
May 26, 2020 

Disclaimer: All information in these recordings was current as of the time of the live webinars. The information shared in the webinar recordings is subject to change.


Updates on Tax Payments and Deadlines

The PICPA is in constant contact with the Pennsylvania Department of Revenue, local tax municipalities, and other regulatory agencies. We will continue to advocate on your behalf and provide frequent updates.

IRS

Pa. Department of Revenue

Pa. Department of Labor & Industry 

Philadelphia

Pa. Department of Community and Economic Development

Other States and AICPA Tax Resources

  • AICPA Recommendations for Administrative and Filing and Payment Relief
    for State and Local Taxes during the Coronavirus Pandemic
    • PICPA’s advocacy efforts in Harrisburg with the Department of Revenue are paying off. This AICPA document above recognizes Pennsylvania CPAs for their leadership and for providing assistance to taxpayers, businesses, and practitioners in response to the COVID-19 crisis.
  • Employee retention credit changes leave practitioners with questions


IRS Resources

A message from the IRS:

The Internal Revenue Service reminds taxpayers and tax professionals to use electronic options to support social distancing and speed the processing of tax returns, refunds and payments.

To protect the public and employees, and in compliance with orders of local health authorities around the country, certain IRS services such as live assistance on telephones, processing paper tax returns and responding to correspondence continue to be extremely limited. Any tax return which requires review, whether it was filed electronically or on paper, may also take longer because many review processes cannot be done virtually.  While some volunteer tax preparation sites are operating at a reduced capacity, most remain closed until further notice.

CPA Now

  • IRS Notice 2021-10: Extending Relief for Qualified Opportunity Funds

    The IRS recently published Notice 2021-10 to provide additional relief for Qualified Opportunity Funds (QOFs) and their investors, extending the relief previously granted under Notice 2020-39 due to the pandemic. The Opportunity Zone program was designed to encourage investment in designated distressed areas through tax incentives.
PICPA Resources

Webinars

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Resources

PICPA Member Benefit: Wolters Kluwer TaxAware Center

• Federal and state tax filing and tax payment relief chart

• CARES Act tax briefing

• 2020 tax legislation: law, explanation, and analysis

Learn More

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