2012 Tax Law Legal News Archives

September 2012

Scholarships and Taxes

Thursday, 20 September, 2012

‘Tis the season for back to school and off to college. In the general hustle and bustle of registration, shopping, moving and celebrating, it’s easy to forget the little details. If you have been lucky enough to receive one or more scholarships to help pay for your (or your student’s) … continue reading

Is Stripping an Artistic Dance? Clubs Seeking Tax Exempt Status Think So

Thursday, 6 September, 2012

The New York Court of Appeals, the state’s highest court, is deliberating on a case that argues exotic lap dances should be tax exempt under state law.  New York state law exempt businesses from charging state sales tax for viewers of “dramatic or musical arts performances.”  Attorneys for a strip … continue reading

Federal Law Provides Tax Relief for Foreclosure Sales

Thursday, 6 September, 2012

If you have had a home foreclosed, you may find yourself facing a tax bill from the Internal Revenue Service (IRS) after the process has completed.  The IRS is able to tax you because the foreclosure is known as a taxable sale, even if you transfer the deed of your … continue reading

August 2012

Internet Sales Tax Law Coming for Online Shoppers

Wednesday, 29 August, 2012

Live in California or Pennsylvania? Love shopping online? Well pay attention! Starting in September, 2012 internet sales tax law is changing in Pennsylvania and California, and online shoppers will need to pay a tax on all of their purchases. In Pennsylvania, online shoppers will pay a 6% or more sales tax … continue reading