Friday, February 18, 2011

Webinar on Gas Tax Issues Recording Available

A Penn State Extension webinar, "Dealing with Gas Tax Issues for Marcellus Shale" held 02/16/2011, gave a one hour overview of  how to report income, depletion, and expensing opportunities, severance, and property tax. Although it was necessarily brief, I thought the information presented was accurate and informative.

http://extension.psu.edu/naturalgas/webinars/recorded/webinar-gas-tax-issues-for-landowners

Mary Lew Kehm, CPA
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Thursday, February 17, 2011

Mandatory PUC Electronic Filing Delayed Past First Quarter 2011

Because the new Unemployment Compensation Management System, or UCMS, is not yet available, employers and employer representatives should continue to file quarterly report  including reports for the quarter ending March 31, 201 using magnetic media or e-TIDES until further notice. Paper return filers will receive first quarter 2011 forms to file on paper for at least one more quarter.

All employers and their representatives will be notified when the new UC system becomes available. At that time, paper forms will be phased out.

Thank goodness for this extension. Those of us who do income taxes and also prepare payroll taxes would have had less than two weeks to register and file all clients on the new system in April.

Note that there is still no projected date for the implementation of UMCS. PA Labor & Industry will be informing us of any updates. Implementation has now been postponed twice. However, I am all for getting it right the FIRST time, especially with something as important as unemployment, which affects nearly every employer and worker in the state.

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Monday, February 14, 2011

PSU Marcellus ShaleTax Issues Webinar 2/16/11

An upcoming webinar, "Dealing with Gas Tax Issues for Marcellus Shale" will cover how to report income, depletion, and expensing opportunities, severance tax, and property tax. The link to sign up for the "Dealing with Gas Tax Issues" Marcellus Shale seminar is http://t.co/0iQojxz . It is sponsored by Penn State Extension, and will be held 02/16/11 at 1PM.


They also apparently allow replays afterward so hopefully if you can't make it you can watch again when you have more time (or are forced to by a client situation).

Mary Lew Kehm, CPA


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Thursday, February 10, 2011

Pennsylvania Property Tax Rent Rebate Forms Available

Form PA-1000, the application form for rebates on Pennsylvania property taxes or rent paid in 2010 are now available, the PA Department of Revenue said today. All residents who received rebates last year should have received 2010 application forms in the mail by now. Applications are also available online at http://www.revenue.state.pa.us/ or by calling 1-888-222-9190.

Older adults must reapply for rebates by June 30 every year because rebates are based on property taxes or rent paid each year and annual income. (The deadline has been extended to December 31 for the last few years). The rebate program benefits eligible Pennsylvanians age 65 and older; widows and widowers age 50 and older; and people with disabilities age 18 and older. The income limit is $35,000 a year for homeowners and $15,000 annually for renters, and half of Social Security income is excluded. The maximum standard rebate is $650, but supplemental rebates for qualifying homeowners can boost rebates to $975.

The deadline to apply for a rebate on property taxes or rent paid in 2010 is June 30, 2011. Rebates will be distributed beginning on July 1.
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Tuesday, February 8, 2011

Berkheimer lists changes to areas administered

Please be advised that the areas listed below have appointed Berkheimer as their Earned Income Tax Administrator. Please update your records accordingly and remit all future Earned Income Tax (EIT) payments for these areas to our office.

4th quarter 2010 - forward

• Butler ASD/All Municipalities, except Oakland Township – 4th quarter 2010 forward 
• Eldred Township, Jefferson County – ½% municipal only – Effective 4th quarter 2010 
• Slippery Rock SD/Franklin Township – effective 4th quarter 2010 forward 
• Southern Lehigh SD/Municipalities – effective 4th quarter 2010 and forward 
• Sullivan County SD/All Municipalities – effective 4th quarter 2010 and forward 
• Upper Perkiomen SD/Municipalities - effective 4th quarter 2010 and forward

1st quarter 2011 – forward
• Conneaut SD/W. Fallowfield & Pine Townships – 1% effective collector, 1st quarter 2011 
• Halifax SD/All Municipalities – 1% collector for all, effective 1st quarter 2011 
• Henderson Township – ½% municipal only, effective 1st quarter 2011 
• Kiski ASD/All Municipalities(except East Vandergrift Township) –1% collector for all, effective 1st quarter of 2011 
• North Mahoning Township – ½% municipal only, effective 1st quarter 2011 
• North Wales Borough – Full 1% collector as of 1st quarter 2011
• Oliver Township – ½% municipal only, effective 1st quarter 2011 
• Springfield Twp/Springfield SD – Montgomery – 1%, collector change effective 1st quarter 2011

Please also be advised there has been a change in the collector for the following areas in which Berkheimer is no longer the collector:
• Chester County – All Municipalities and School Districts – effective 4th quarter 2010 – Berkheimer is no longer the administrator.
• Bucks County – All Municipalities and School Districts – with the exception of Pennridge SD and its Municipalities, (Dublin Borough is the only Municipality in Pennridge SD that Berkheimer is no longer the administrator) - effective 1st quarter 2011. 

Mary Lew Kehm, CPA


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