Deferred compensation in Pennsylvania: clarification and update.
Despite the expectation by taxpayer representatives that Pennsylvania would concede the tax liability, the Commonwealth did not, and a hearing in the two cases was held as scheduled. More significantly, the Commonwealth Court of Pennsylvania decided the issue against the taxpayers in an opinion issued May 12, 2004. The taxpayers have filed exceptions to the court's decision, and the cases are ongoing. TEI regrets any confusion the earlier story may have caused.
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|Title Annotation:||Recent Activities|
|Date:||May 1, 2004|
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