Events & Activities
EITC Discussion: Understanding S-corps & New Sample Tax Calculations
The approval of the PA State Budget and School Code Bill for 2008-2009 FY brought about two major changes to the Educational Improvement Tax Credit (EITC) -- one of which allows S-Corporations to participate in the program. This change will allow thousands of more businesses to take part in the EITC, but is not as straightforward as C-Corporations. The REACH office was inundated with phone calls and emails asking questions, so we decided to hold a statewide conference call and invited EITC Scholarship, Pre-K Scholarship and Educational Improvement Organizations to take part. The experts on the call are accountants from Flowers & Flowers.
We know not everyone was able to join us or that those who did might need to refer back to the discussion, so for your convenience we have posted it here.
NOTE: Each individual tax situation is different. Please make sure to consult your tax advisor for specifics to your overall situation.
The file is 10MB, so please be patient when uploading this.
Available online for a limited time only is the Step-By-Step Guide for Accountants. This brochure was created in 2007; the changes for the 2008-2009 fiscal year can be found in the Guide for Accountant's insert.
Content Last Modified on 9/16/2008 4:42:44 PM
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