Summer Rentals: What You Don’t Know Could Hurt You

The unofficial “start” of the summer is this weekend. As anyone stuck in Memorial Day traffic knows, people are on the move—many take advantage of the long weekend to go on vacation. If you are one of the millions of Americans who rent out their second home during the summer months, be sure you’ve brushed up on new rental tax rules for the 2012 season. What you don’t know could cost you time and money, and might even result in an IRS audit.

Talk to a tax expert with the Pennsylvania Institute of CPAs today! Contact Jacqueline Barnard at jbarnard@picpa.org or (267) 675-6255 to schedule an interview.

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What You Can Learn from Your Tax Return

Tax time may be over, but before you store your return in the attic take a moment to review it. According to the Pennsylvania Institute of Certified Public Accountants (PICPA), you’ll find that you can discover a lot about your financial situation and identify changes that will improve your tax outlook before it’s time to file next year’s return. 

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Dealing with Identity Theft

Nearly 12 million adults were victims of identity fraud last year, up 13 percent from the previous year, according to Javelin Strategy & Research. Identity fraud or theft occur when thieves use your personal information to commit a crime, whether that means stealing your credit card details or using your Social Security number to set up a fraudulent bank account. The Pennsylvania Institute of Certified Public Accountants (PICPA) recommends that you take these steps before identity …

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