Blog

Stress.Anxiety. Unease. Worry.And a pinch of aggravation just to round it all out.No, I'm not talking about the upcoming May 17th federal tax deadline.Or am I?For millions of Americans every year, the tax filing deadline points to a much bigger issue. An issue so...

As the old joke goes, the only two guarantees in life are death and taxes.In these updates, I obviously spend a lot of time talking about taxes.And these past 12 months, no matter how things have landed for those of you in or near Philadelphia ... the other part of...

Buying a house in Philadelphia right now is painful. Very painful. Inventory is at a historic low, and prices are skyrocketing.I have some thoughts -- and while this is admittedly not within my direct "wheelhouse" ... I think it will help as we move through the spring...

I have to apologize to all of my Philadelphia clients for the sheer volume of tax-centric writing I've been doing the last few weeks and months.Normally, I like to write on other topics (in addition to the tax-related stuff) ... but I cannot emphasize enough how...

With a third round of "stimmy" (as the kids say) hitting bank accounts for the past week, 90MM+ Americans (including some of us in Philadelphia) are once again flush with cash. It remains to be seen what this will do for the economy, but combined with what seems to be...

Last week marked the one year anniversary of the CARES Act (stimulus round 1). This was such a monstrous piece of legislation, it's still being unraveled. It made "Obamacare" (ACA) and the "Trump Tax Cuts" (TCJA) seem like junior league tweaks.We had not before seen a...

I mentioned last week the key provisions of the "American Rescue Plan," while it was just proposed legislation.Now that the House has passed it, there is more meat on those bones. I'll run it all down for you once it's been signed by the President, but the key...

We're diving in, with sleeves rolled up, with a bunch of our Philadelphia area tax preparation clients in creating the best tax return possible for their 2020.Get on our list here: (215) 310-6900But here at QBS Tax Services we're also keeping an eye on the...

Congratulations to the Patriots -- I mean the Tampa Bay Buccaneers -- for their Super Bowl victory.Here at QBS Tax Services, we don't have a lot of time to pay much attention to such doings since tax season is here. Even though the actual submission of tax returns to...

On Friday, the IRS began accepting tax returns and people like me all around the country started buckling up for what is already quite a ride.  With new PPP loans for Philadelphia small business owners, credits aplenty in all of the variety of stimulus...

We can't electronically submit tax returns to the IRS until Friday, February 12. Nobody can.But that doesn't mean we can't help you get started. In fact, we're already in process with a few Philadelphia clients, and more and more are contacting us every day. If...

This is the time of year when we are normally opening up to file returns on behalf of Philadelphia clients, and taking a breath of "calm before the storm".Not this year though. Not only is actual tax filing delayed until February 12, but Congress made their...