Act 78 of 2018: UNLAWFUL USE OF UNMANNED AIRCRAFT AND PROHIBITING LOCAL REGULATION OF UNMANNED AIRCRAFT Amending Titles 18 (Crimes and Offenses) and 53 (Municipalities Generally) of the Pennsylvania Consolidated Statutes to... Read more
By: Alan T. Shuckrow and Alexis M. Wheeler On October 26, 2018, The Commonwealth Court handed down another opinion in a recent line of case law developing oil and gas land use and environmental regulation in Pennsylvania, Frederick v.... Read more
Under the 2017 tax bill, Congress requires charities to pay unrelated business income tax (UBIT) for the cost of the following fringe benefits if the charity offers these benefits tax-free to its employees: a) bus passes or transport to... Read more
On June 21, the Supreme Court decided that states can force out-of-state retailers to collect state and local sales tax on goods and services shipped to in-state residents. South Dakota v. Wayfair, Inc., ___ U.S. ___ (2018) Read more
NOTHING IN THIS DOCUMENT IS INTENDED OR SHALL BE CONSTRUED AS ADVICE TO PARTICIPATE IN, OR COUNSEL WITH RESPECT TO, CRIMINAL OR FRAUDULENT ACTIVITIES. POSSESSION, DISTRIBUTION, AND SALE OF MARIJUANA IS A SERIOUS CRIME UNDER FEDERAL LAW, AND ENGAGING... Read more
If a developer sells land in a real estate development, the normal tax rule is that he will recognize ordinary income, not capital gains. If a change in economics means the development effort should be abandoned, often it will be advantageous to... Read more
Sexual harassment continues to make news. Although much of the attention has focused on the powerful and famous, sexual harassment can occur in any business, and employers ignore the problem at their own peril. Now is the time to review your... Read more
The New Year always brings with it renewed hope for the future. In 2018, the New Year will bring Pennsylvania businesses many issues to address, old (sexual harassment) and new (medical marijuana). Here’s my list for the three issues your... Read more
Temporary Reduction in Tax Rates Until 2025, marginal tax rates drop by 2% or 3% for each bracket. Standard Deduction Increases: $6,500 for single filer increases to $12,000, increase ends in 2025 $9,550 for head... Read more
Rate Change – Tax rate drops to 21% for corporations. Investors in partnerships and S Corporations will be able to deduct, as an itemized deduction, 20% of pass-through income from their taxable income. Dividends, interest,... Read more
