Unemployment Fraud Continues to Thrive Unemployment fraud has been running rampant since the beginning of the COVID-19 pandemic and the number of fraudulent claims continues to grow at an alarming pace. There are many consequences when a fraudulent unemployment claim is filed including: 1099-G forms sent to the victims of the fraud, creating a false…
3 Wessel & Company Shareholders Among PA Business Central’s Top 100 People Wessel & Company shareholders Patti Hudson and Tom Seitz, as well as President & CEO Joel Valentine have been named to Pennsylvania Business Central’s Top 100 People for 2021. The list highlights the vibrant economic and social life of central Pennsylvania by honoring…
Who Qualifies for the Earned Income Credit The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. The credit not only reduces the amount of tax someone owes but may give them a refund even if they don’t owe any taxes or aren’t required to file a return. If…
Relief for Taxpayers Struggling With Tax Debts While there have always been payment options available from the IRS to help taxpayers struggling to pay tax debts, the new IRS Taxpayer Relief Initiative was put into place to expand these options and offer relief during the pandemic. These revised COVID-related collection procedures will help taxpayers, especially…
FBI Sees Rise in Fraud Schemes Related to the Coronavirus (COVID-19) Pandemic Scammers are leveraging the COVID-19 pandemic to steal your money, your personal information, or both. Don’t let them. Protect yourself and do your research before clicking on links purporting to provide information on the virus. Use caution when donating to a charity online…
Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there’s more to it than that. Taxable income includes any money you receive,…
What’s New for 2020 Tax Returns As always, taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns. Let’s take a look: 1. Recovery Rebate Credit/Economic Impact Payment. In January, the Treasury Department and the IRS began sending the second round of Economic Impact Payments (EIP2) to millions…
A multi-million-dollar effort is one step closer to turn the former Cambria-Rowe site in Johnstown into a call center to support people recovering from opioid addiction. State lawmakers and the Johnstown Redevelopment Authority Chairwoman Melissa Komar said a Pittsburgh-based healthcare technology company, Telehealth Suite, received $1.4 million in state funding to renovate the longtime education…
A local Johnstown investment group led by Dominic Chippie, owner of Rizzo’s Restaurant in Windber, and Corey Crocco, owner of Flair of Country in Johnstown, is preparing to open a new restaurant in Johnstown. The Fifth Local Eatery and Alehouse is planned to open at 11 a.m. Sunday in the former Alibi at 1424 Scalp…
A Johnstown area lawmaker has been picked to head the state Senate Transportation Committee. It makes state Sen. Wayne Langerholc Jr., R-Richland Township, the majority chairman of an influential committee tasked with identifying, steering and sorting Pennsylvania’s transportation issues and priorities – at a time the region is pushing to complete Route 219 to Maryland…