Statements of fact and opinion are the authors’ responsibility alone and do not imply an opinion on the part of PICPA officers or members. The information contained in herein does not constitute accounting, legal, or professional advice. For professional advice, please engage or consult a qualified professional.
U.S. Public Law 86-272 provides enormous protection from state income tax in instances where a company has limited activities within a state. If a taxpayer falls within the scope of the federal law, it will not be subject to a particular state’s income tax. However, there has been an uptick in states challenging taxpayers’ protection claims under Public Law 86-272 , so much so that some see an attempt to eviscerate it.
The PICPA has a political action committee to serve the unique interests of CPAs in Pennsylvania’s political process. A dedicated PAC might come as a surprise to many PICPA members, but it’s true.
Earlier this spring, the IRS unveiled its much-anticipated plan on how it will spend the $80 billion it was allocated under the Inflation Reduction Act of 2022. Find out more about its goals and timetables covering areas such as operations support, enforcement, taxpayer services, and technology modernization.
Pennsylvania holds its primary elections on Tuesday, May 16. Many think that municipal elections are mundane, but, in many respects, they are as important as the more high-profile elections.
In February 2023, the Pennsylvania Independent Fiscal Office (IFO) released its annual report, "State and Local Tax Revenues: A 50 State Comparison." Can you guess where Pennsylvania ranks?