Tax Law

Guiding Clients to Understand Tax Implications

Tax law can involve federal tax laws and associated regulations governing personal and business income, estate and give tax laws, as well as state income, corporate, inheritance and estate tax laws. The federal tax laws are contained in the Internal Revenue Code (IRC) as administered by the Internal Revenue Service. Pennsylvania state tax laws are administered by the Pennsylvania Department of Revenue.

As of May 2000, the IRC contained 1.4 million words, and the accompanying regulations took up another 8.6 million words, spanning nearly 20,000 pages. Courts have added tens of thousands of tax cases. Needless to say, tax law becomes a major consideration when preparing an estate plan, buying or selling real estate or running a business. This is why tax planning to lawfully minimize taxes should be a part of every important financial or business decision or plan made.

The Law Offices of Kenneth R. Pyle can help clients to consider the tax implications of decisions they make. We welcome the opportunity to discuss the tax implications of any estate planning, personal, real estate or business decision you are considering. Call (484) 702-7267.