The IRS & The Commonwealth of Pennsylvania Have Extended The Deadline for Filing & Payments
On Friday, March 20, the IRS released Notice 2020-18 which supersedes the guidance referenced in our prior communication released on March 19. Under this new guidance, the original filing deadline for all taxpayers has been postponed from April 15...
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IRS Extends the Deadline for Payments Due April 15 Until July 15
The novel coronavirus (COVID-19) has caused a significant interruption to our country over the last few weeks. On March 18, the US Treasury issued Notice 2020-17 which provides new measures to assist taxpayers with their upcoming April 15 tax...
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Five Frequently Asked Questions About Saving For Education
There are many factors to consider when saving for future education costs—the time between now and when the funds are needed, risk tolerance of the investor, investment preference, and individual tax situation. It may be obvious, but we always...
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How Individual Taxpayers Can Benefit From PA Educational Tax Credits
Individual taxpayers can take advantage of educational tax credits on their Pennsylvania Individual Income Tax Returns through the use of a Special Purpose Entity (SPE). A SPE is a pass-through entity specifically set-up to aggregate contributions of donors and...
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The Latest News Affecting Your Financial Life
The January 2020 edition of Fairman Group Perspectives highlights the retirement plan changes, Medicare costs, and college costs and trends.
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