• Commonwealth Court Decision Provides Costly Reminder of the Importance of State Tax Planning
  • January 11, 2012 | Author: Stanley J. Kull
  • Law Firm: Saul Ewing LLP - Philadelphia Office
  • Last week, the Pennsylvania Commonwealth Court failed to reverse the imposition of a substantial amount of Pennsylvania personal income tax on a nonresident taxpayer who had suffered the loss of his entire investment in a partnership that owned the US Steel Building in Pittsburgh. This unfortunate and costly result could have been avoided with proper tax planning.