Sunday, March 25, 2012

Tax Tip

The City of Philadelphia is attacking individuals & businesses, that received a 1099-Miscellaneous form for income earned within their city limits. This applies to both residents & non-residents of the city. In most instances, you are required to file a business privilege tax return and net profits tax return, to report the income. The city is being very aggressive with the collection of this income tax.

Tax Tips shared on behalf of Aaron D. Witherspoon, CPA & Associates


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