PA 2017 Tax Amnesty Program: 

- Pennsylvania has started their 2017 tax amnesty program, as part of the program they are sending out letters to businesses notifying them of the program. 

 

2017 Standard Mileage Rates

  • 53.5 cents per mile for business miles driven
  • 17 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

 

 

Income and losses from investment real estate or rental property are passive by definition — unless you’re a real estate professional. Why does this matter? Passive income may be subject to the 3.8% net investment income tax (NIIT), and passive losses generally are deductible only against passive income, with the excess being carried forward.

Read more ...

 

 

 

339 West Governor Road  •  Suite 202  •  Hershey, PA 17033

Phone: (717) 533-5154  •  Toll-Free (888) 277-1040

Fax: (717) 533-1442  • info@smokersmith.com