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email      firm@hfco.com
PA Tax Amnesty Program Open Through June 19th
Posted On 04/ 28/ 17

From April 21 through June 19, 2017, the Pennsylvania Department of Revenue is offering tax amnesty to taxpayers who owe past-due taxes. During this 60-day period, the Pennsylvania Department of Revenue will waive all penalties and half of the interest owed by those who apply and pay delinquent taxes. Which Taxes Are Eligible or Not Eligible for the Program? Most taxes administered by the Pennsylvania Department of Revenue will be eligible for tax amnesty, including: Personal income   Read More...

IRS Tips on What to do After the Tax-Filing Deadline
Posted On 04/ 28/ 17

Tax day has come and gone for most people, but some taxpayers may still be dealing with their taxes. The IRS offers these tips for handling some typical after-tax-day issues: Didn’t File by April 18? There is no penalty for filing a late return after the tax deadline if the taxpayer receives a refund. Penalties and interest only accrue on unfiled returns if taxes are not paid by April 18. Anyone who did not file and owes tax should file a return as soon as they can and pay as much as   Read More...

IRS Provides Tips on Determining If It’s Really The IRS At Your Door
Posted On 04/ 28/ 17

The Internal Revenue Service has created a special new page on IRS.gov to help taxpayers determine if a person visiting their home or place of business claiming to be from the IRS is legitimate or an imposter. With continuing phone scams and in-person scams taking place across the country, the IRS reminds taxpayers that IRS employees do make official, sometimes unannounced, visits to taxpayers as part of their routine casework. Taxpayers should keep in mind the reasons these visits occur and   Read More...

Slight Delays for NJ State Income Tax Refunds
Posted On 03/ 31/ 17

Expect at least one of your tax refunds to come later than usual, officials say. The state Division of Taxation says it is using additional tools to protect New Jersey taxpayers from refund fraud and identity theft, causing a "slight delay" in refunds for early filers. The delay only impacts the state income tax refund, not the federal refund. "Processing returns and distributing refunds safely and efficiently is a key goal for the Division," the division said. "We appreciate your   Read More...

IRS Has Refunds Totaling $1 Billion for People Who Haven’t Filed a 2013 Tax Return
Posted On 03/ 31/ 17

The Internal Revenue Service announced that unclaimed federal income tax refunds totaling more than $1 billion may be waiting for an estimated 1 million taxpayers who did not file a 2013 federal income tax return. To collect the money, taxpayers must file a 2013 tax return with the IRS no later than this year's tax deadline, Tuesday, April 18. "We’re trying to connect a million people with their share of 1 billion dollars in unclaimed refunds for the 2013 tax year,” said IRS Commissioner   Read More...

‘Where’s My Refund?’ Tool Best Way to Check Tax Refund Status
Posted On 03/ 31/ 17

The Internal Revenue Service reminds taxpayers that while more than 90 percent of federal tax refunds are issued in 21 days or less, some refunds may take longer. Many factors can affect the timing of a refund after the IRS receives the return. Also, taxpayers should take into consideration the time it takes a financial institution to post the refund to an account or for it to arrive in the mail. The best way to check the status of a refund is online through the “Where’s My Refund?” tool   Read More...

New Philadelphia Law Prohibits Asking for Salary History
Posted On 02/ 24/ 17

On January 23, 2017, Mayor Jim Kenney of Philadelphia signed into law a bill that prohibits employers from asking job applicants about their prior salary or requiring disclosure of salary history as a condition of employment. The ordinance will also prohibit businesses from retaliating against prospective hires if they don't disclose such information. Additionally, if employers somehow come across the information, they can't use it to make salary decisions unless the job applicant knowingly and   Read More...

IRS “Dirty Dozen” List of Tax Scams for 2017
Posted On 02/ 24/ 17

The Internal Revenue Service today announced the conclusion of its annual "Dirty Dozen" list of tax scams. The annual list highlights various schemes that taxpayers may encounter throughout the year, many of which peak during tax-filing season. Taxpayers need to guard against ploys to steal their personal information, scam them out of money or talk them into engaging in questionable behavior with their taxes. "We continue to work hard to protect taxpayers from identity theft and other scams,"   Read More...

2017 State of the Markets Seminar
Posted On 02/ 24/ 17

On February 15th, Haefele Flanagan co-hosted the State of the Markets seminar with CPI Companies and PCS and we'd like to share the presentation with you. Topics included: Stock Market Update Tax Update & The New Administration Healthcare: Obamacare vs. Trumpcare Cyberthreats, Elections, and Russia Financial Strategies for 2017 Click this link to view the presentation: 2017 State of the Markets PresentationRead More...

New Jersey Updates for 2017: Minimum Wage, Estate Tax, Sales & Use Tax, Expiration of Urban Enterprise Zones
Posted On 12/ 30/ 16

NJ Minimum Wage Effective January 1, 2017 New Jersey’s minimum wage will rise from $8.38 per hour to $8.44 per hour. The new required employer poster can be found at http://lwd.dol.state.nj.us/labor/forms_pdfs/lsse/mw-220.pdf   NJ Estate Tax The New Jersey Estate Tax exemption will increase from $675,000 to $2 million for the estates of resident decedents dying on or after January 1, 2017, but before January 1, 2018.  For these estates, the New Jersey Estate Tax no longer   Read More...