H2R CPA Blog
Tax Reform Resource Center
by H2R CPA Team
The Pennsylvania Treasury reports that it is currently holding $2.3 billion in unclaimed property. It also estimates that one in ten Pennsylvania residents have unclaimed property waiting for them. Could some of this property be yours?
Sources of unclaimed property include:
by William M. Bodnar, CPA, MST, Tax Director
As an incentive for capital spending, accelerated tax deductions are now available for “Qualified Improvement Property” (QIP). QIP includes improvements to the interior of any nonresidential property after the building was originally placed into service, but may not include those to enlarge a building, any escalator or elevator or the internal structural framework.
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