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As is probably the case with all accounting and tax firms, Grossman Yanak & Ford LLP has been inundated with questions regarding the deductibility (as an itemized deduction) of amounts
After a grueling legislative process, the House and Senate passed the tax measure into law earlier this week and it has now been officially signed by President Trump. For more
Congressional Republicans have successfully moved their $1.5 trillion Tax Reform legislation package through the reconciliation process, and it is on its way to the Oval Office. All that will remain
Both the U.S. House of Representatives and the Senate are beginning the process of reconciling the two separate tax reform bills recently passed in each chamber of Congress. While there
In a late Friday night vote (actually, early Saturday morning, December 2) the U.S. Senate voted to approve the Senate Finance Committee’s modified version of the 2017 tax reform package,
On November 16, 2017, the House of Representatives approved its tax reform package, the Tax Cuts and Jobs Act that had been released out of the House Ways and Means
An updated version of the Senate Republicans’ tax reform bill includes the repeal of the Patient Protection and Affordable Care Act’s (ACA) individual mandate. Several Republican senators announced the inclusion of
Pennsylvania Governor Tom Wolf has signed legislation amending the corporate income tax net operating loss (NOL) deduction, creating a Manufacturing Innovation and Reinvestment Deduction, amending the film production tax credit
The House Ways and Means Committee advanced to the full House the proposed Tax Cuts and Jobs Act on November 9, 2017. The committee approved, along party lines, as was
Early on Monday of this week, House Ways and Means Chairman Kevin Brady (R-Texas) released a Chairman’s mark of the tax reform legislation introduced last week by the Committee. Mr.
All states imposing a sales and use tax regime are struggling to collect taxes due on sales made through the Internet and from out-of-state vendors. Recently the Commonwealth of Pennsylvania
The Commonwealth of Pennsylvania currently limits through its tax laws the amount of net operating loss from a loss year that can be carried forward and offset income in an
