Christian Beabes, 34, moved from California to the Johnstown area in June. Although she spent most of her adult life in California, the house she purchased in Geistown belonged to her grandfather. She is part of a trend. Demand for Johnstown’s housing stock has been building for a year, with Realtors seeing no signs of…
American Rescue Plan Act of 2021 Part II of our American Rescue Plan webinar series to discuss the updated impact on local governments and school districts. Impact on Local Governments July 14th 9:30am – 10:00am We discuss. The Treasury’s Interim Final Rule Information on Eligible Uses of ARPA Funds The Reporting Requirements Associated with ARPA…
Six Steps to Protect Against Taxpayer ID Theft Tax-related identity theft occurs when someone uses a taxpayer’s stolen personal information, such as a Social Security number, to file a tax return claiming a false refund. Thieves are actively working to steal taxpayer information and identities, and everyone should do everything they can to prevent identity…
What to Know About Backup Withholding Backup withholding is a federal tax on income that otherwise typically doesn’t require tax withholding, such as 1099 and W2-G income. Taxpayers who receive this type of income may have backup withholding deducted from their payments. Here is what you should know about backup withholding: Backup withholding is required…
Employee Relocation: What Happens to Your Home? Employees and small business owners often have questions about what to do with an employee’s home – and what the tax consequences might be – when they move to a new job location. Here are some answers: Employees Most employers want to protect the employee from being relocated…
Advance Child Tax Credit Payments Start This Month The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting July 15, 2021. Here’s what families need to know: Background The expanded…