Sharon R. Paxton

Sharon R. Paxton

McNees Wallace & Nurick LLC

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Pennsylvania’s NOL Cap Litigation Moving Forward

In a Corporate Net Income Tax (“CNI”) appeal filed by Nextel Communications of the Mid-Atlantic, Inc. (“Nextel”), the Commonwealth Court will consider whether Pennsylvania’s statutory cap on net operating loss (“NOL”)...more

7/7/2015 - Carry Forward Corporate Net Income Corporate Tax Rates Corporate Taxes Net Operating Losses Nextel Tax Appeals Tax Deductions Tax Liability Taxable Income Uniformity Clause

Devil's in Details of PA Governor's Tax Proposals

On March 3rd, when Governor Wolf submitted his budget and tax proposals for FY 2015-16, it was widely understood that the Sales & Use Tax Manufacturing Exclusion would be retained. What was not said was that he would...more

3/18/2015 - Corporate Taxes State Budgets Tom Wolf

PA Tax Law News - December 2014

In This Issue: - Recent PA Sales Tax Guidance Concerning Natural Gas and Other Mining Activities - Focus on Pennsylvania Corporate Taxes - Application and Sale of Restricted Tax Credits -...more

12/8/2014 - Corporate Taxes Mining Natural Gas Realty Transfer Taxes Sales & Use Tax Tax Credits

Application and Sale of Restricted Tax Credits

The Pennsylvania Department of Revenue has issued detailed rules for the application and sale of various Pennsylvania tax credits. Corporation Tax Bulletin 2014-04 replaces Corporation Tax Bulletin 2011-03. The Bulletin...more

12/4/2014 - Corporate Taxes Department of Revenue Economic Development Historic Preservation Manufacturers Manufacturing Facilities Research and Development Tax Assessment Tax Credits

Personal Responsibility for PA Tax Assessments

Under Pennsylvania law, there are important exceptions to the general rule that officers, employees and owners of a corporation or limited liability company have no personal liability for the business’s unpaid tax...more

9/12/2014 - Business Ownership Corporate Officers Corporate Taxes Employment Tax Fuel Tax Limited Liability Companies Personal Liability Responsible Party Responsible Person Liability Sales & Use Tax

PA Tax Law News - Spring 2014

In This Issue: - OUCH! Do PA Revenue Shortfalls Foretell PA Tax Increases? - County Property Assessment Appeals Deadlines Approaching! - McNees Attorneys Goodman and Varner Author 2014 Edition of Assessment Law...more

6/2/2014 - Corporate Taxes Income Taxes Property Tax Revenue SALT State Taxes

Net Loss Litigation

Pennsylvania’s Corporate Net Income Tax statute permits taxpayers with net losses to carry the losses over to future tax years. See 72 P.S. § 7401(3)4.(b), (c)(2)(A). However, the amount of the net loss deduction that may...more

5/30/2014 - Corporate Taxes Tax Rates

New Corporation Tax Notices and Statements

In 2013, the Pennsylvania Department of Revenue implemented a “modernized” computer system for processing corporate tax returns and maintaining corporate tax accounts for Capital Stock Tax, Foreign Franchise Tax, Corporate...more

5/29/2014 - Corporate Net Income Corporate Taxes Franchise Taxes Income Taxes Tax Reform

PA Tax Law News -- September 2013

In This Issue: Commonwealth Court Denies Manufacturing Exclusion to Service Provider; PA Telecom Gross Receipts Litigation Finally Moving; Philadelphia Property Owners Take Notice! Reassessment Appeal Deadline...more

9/12/2013 - Corporate Taxes Exclusions Exemptions Gross Receipts Manufacturers Medical Devices Property Owners Property Tax Tax Credits

PA Tax Law News - February 2013

In This Issue: PA Governor Proposes Corporate Tax Cuts; Add-Back Legislation Reintroduced; PA Supreme Court Issues Business/Nonbusiness Income Decision; Philadelphia Property Reassessments; Commonwealth Court Addresses...more

2/15/2013 - Add-Back Legislation Administrative Bank Attachments Appeals Business Income Corporate Taxes Drilling Rig Tax Exclusions Flat Tax Fuel Tax IFTA Non-Business Income Property Tax Reassessments Tax Assessment Valuation

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