Estimated Tax Payments: The Facts
Estimated Tax Payments: The Facts Estimated tax is the method used to pay tax on income that is not subject to withholding, including income from self-employment, interest, dividends, alimony, rent,…
Is Your College Student’s Scholarship Taxable?
Is Your College Student’s Scholarship Taxable? May 1st is the traditional deadline for undergraduate students to commit to their college of choice, which means tuition payments are not far behind.…
What To Know About Tax-related Identity Theft
What To Know About Tax-related Identity Theft Tax-related identity theft occurs when someone uses a taxpayer’s stolen SSN to file a tax return claiming a fraudulent refund. In the vast…
Special Tax Benefits for Members of the Military
Special Tax Benefits for Members of the Military Military personnel and their families face unique life challenges with their duties, expenses, and transitions. As such, military members may qualify for…
Welcoming Johnstown: event held to showcase culture and accept immigrants
CAMBRIA COUNTY, Pa. (WJAC) — Aditi Sridhar and Tulsi Shrivastava, both graduates of Richland High School, aren’t sisters or cousins. They’re friends who have bonded over their Indian decent. “I’ve known…
Lockheed Martin celebrates expansion with new Somerset Co. facility
Johnstown, PA (WJAC) — Lockheed Martin celebrated the opening of its newly expanded Johnstown facility on Thursday. The new location is at a building along Miller Picking Road in Davidsville, Somerset…
Taxpayer Rights: Pay No More Than the Correct Amount
As a reminder, taxpayers have the right to pay only the amount of tax legally due, including interest and penalties. They also have the right to have the IRS apply…
What To Do if You’re Missing Important Tax Documents
As the April 18th tax deadline quickly approaches, last-minute tax filers should make sure they have all their documents before filing a tax return. You should have received a Form…
Cash Management Tips for Your Small Business
Cash flow is the lifeblood of every small business but many business owners underestimate just how vital managing cash flow is to their business’s success. In fact, a healthy cash…
Reminder: Rules for Depreciation and Expensing
Reminder: Rules for Depreciation and Expensing As part of the final guidance issued that pertains to the Tax Cuts and Jobs Act of 2017, new rules and limitations are in…