Tax Resources for CPAs

Recent Updates

Disaster Relief & Hurricane Ida

Victims in Pennsylvania of the devastating storms spawned from Hurricane Ida now have until Jan. 3, 2022, to file various individual and business federal tax returns and make tax payments. The current list of eligible localities is available on the disaster relief page on IRS.gov.

View more details.

The Pennsylvania Department of Revenue has extended the due date to file various individual and business tax returns for state taxpayers in parts of Pennsylvania that were affected by the storms. Please note there is no extension for payments.

Due to the passage of Act 10 of 2021, local filing due dates will be adjusted to match the extensions on the federal and state level. Note: Act 10 does not include the City of Philadelphia. However, as of Oct. 13, the City of Philadelphia has also extended the deadline to Jan. 3, 2022.

New: Hurricane Ida Response (Philadelphia DOR) - Oct. 13, 2021. Taxpayers who received an extension from the Commonwealth of Pennsylvania or the IRS for returns due after Aug. 31, 2021, and were affected by Hurricane Ida, have until Jan. 3, 2022 to file Business Income and Receipts Tax (BIRT), Net Profits Tax (NPT), and School Income Tax (SIT) returns for tax year 2020.

COVID-19 Resources

Get the latest coronavirus updates impacting members and businesses.

Tax CPE Essentials

Tax Con
Featuring Federal, Pennsylvania, Multistate, and International Tax Topics
Nov. 17-18 | King of Prussia or Webcast

Tax Camp
Nov. 19 | Cranberry
Dec. 16 | Malvern or Webcast

Post COVID-19: Pennsylvania State and Local Tax Issues
View all dates and locations.

More Tax Best Sellers

Pennsylvania State and Local Tax

State

Pennsylvania Department of Revenue

Testimony Before the House Appropriations Committee

Daniel C. Hassell, Secretary, Pa. Department of Revenue, Feb. 16, 2021

For more than 90 years, the Department of Revenue has been the commonwealth agency tasked with fairly, efficiently, and accurately administering the tax laws and revenue programs of Pennsylvania.

Read testimony

Local

Pa. Local Income Tax Information
City of Philadelphia Revenue Department provides tax forms and instructions, information on technical rulings, and more.
City of Pittsburgh Department of Finance offers numerous downloadable forms and information.

Federal

Internal Revenue Service

Other Resources

AICPA State Reulatory and Legislative Affairs

Latest Blogs, Articles, and Podcasts

State & Local Tax

Unlock the Tax Benefits of a Legal Entity Review

An organization’s legal entity structure should link its tax efficiency, business purpose, strategic direction, and operational effectiveness. An efficient structure creates value for its public or private owners, provides clarity for its employees, and reduces the overall cost structure. This is true whether an organization has two legal entities or a sprawling organizational chart.
For Nonprofits, State and Local Tax Exemption May Soon Be a Tough Entry

Of the many factors that go into a nonprofit achieving its mission, one of the most important assets sometimes goes overlooked: tax exemption. The benefit provided at the federal, state, and local levels frees essential funds to support operations that otherwise would be paid out in taxes. This can often be the difference between success or failure.

Federal Tax

Corporate Tax Reform and Its Impact on Private Company Valuation

The Tax Cuts and Jobs Act became law in December 2017, and now private companies and their investors must consider how the changes in tax law impact business valuations. Specifically, stakeholders should consider how the Tax Act impacts their projected cash flows and the inputs and assumptions that drive the estimation of enterprise value.
PFIC Status: Practical Considerations for a Potential Tax Trap

If a U.S. person makes a minority investment internationally, a determination must be made as to whether or not the investment is considered a passive foreign investment company. Distributions from, and sales of, PFICs are taxed at ordinary income tax rates coupled with a complex anti-deferral interest charge. Many foreign mutual funds are PFICs, as are certain foreign stocks. There are many times, however, when a PFIC investment is made unknowingly and the tax consequences can be adverse. Certain elections should be considered that can lessen the tax implications, but it can be difficult obtaining the financial information necessary to determine whether or not the investment is a PFIC.

Tax Season Featured Member Benefits

Wolters Kluwer CCH TaxAware Center - Answers to All Federal and State Tax Questions in One Place

Free PICPA member benefit
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TaxAware is a “one-stop shop” online resource with 24/7 access and customizable searches and preferences. Get updates daily, weekly, or monthly with just the top headlines or in-depth, expert analysis on the latest changes impacting professionals and their clients.

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Capstan - Tax Saving Opportunities for Tangible Property and Other Fixed Assets

In the face of growing tax code complexity, it's almost impossible to cover every area with in-house resources. For expertise in understanding and applying the myriad of complexities with the Tangible Property regulations and other IRS Code impacting commercial real estate, turn to Capstan Tax Stategies.

Visit Company

CPA Now Blogs

New Hampshire v. Massachusetts Wage Tax Hearing Denied, Issue Far from Settled

New Hampshire recently challenged Massachusetts's policy of taxing nonresidents who had worked in-state but were working remotely from New Hampshire due to the pandemic. Although New Hampshire's efforts were blocked, the underlying issues are far from settled. In fact, for jurisdictions that employ “convenience of the employer” rules, such as Pennsylvania and Philadelphia, the issue is very much alive.
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Facing the Final Tax Return

Your education in debits and credits, tax law, and accounting principles prepared you for the technical aspects of becoming a practitioner, but your studies did not prepare you for the death of a client. Clients become part of an extended family, and each passing is equally hard. But even more difficult than coping with your feelings is talking about important tax matters with family members still raw with emotion.
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CPA Conversations Podcasts

Big Changes to the Monthly Child Tax Credit

Kemberley Washington, CPA, a tax analyst with Forbes Advisor, joins us to discuss the monthly child tax credit. She goes in depth into who qualifies to receive it, whether taxpayers have to repay it, how eligibility is determined by the IRS, and more.
Full story
Adventures in IRS Private Letter Rulings during a Pandemic

In this podcast related to his column in the fall 2021 Pennsylvania CPA Journal, Barry Groebel, senior tax consultant for Herbein + Company in Reading, Pa., details his experience working on a private letter ruling request with the IRS during the height of the COVID-19 crisis. He provides context on what a private letter ruling request is, discusses how common it is for CPAs to handle such a task, and goes step-by-step into the process.
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