Governor Glenn Youngkin signed SB 882, emergency fixed-date tax conformity legislation on February 27, 2023. The legislation advances Virginia’s date of conformity with federal tax law to December 31, 2022….
…1, 2023. Gary Wallace, managing partner, is proud to have Brett and Ryan join the Partner team. “Brett and Ryan are excellent additions to our leadership team. Each of them…
New partnership and S corporation taxpayer forms create havoc and confusion In 2021, the Internal Revenue Service (IRS) issued new schedules K-2 and K-3 for 2021 partnership and S corporation…
…meeting with associates and other members of the Firm. They started the day with a welcome from the Managing Partner Gary Wallace and Campus Recruiter Alanna Johnson. After breakfast and…
…success, notably Vince Nadder, partner, Paul Heckman, partner, John Murray, partner, Gary Wallace, managing partner, and Mike Gracik, director. They may have started as official coaches and/or mentors, but I…
…Another example of her dedication to purpose-driven impact. “Courtney’s commitment to excellence, passion for developing others, and client-focused mindset make her an exceptional leader,” shared Gary Wallace, Managing Partner. “She…
The IRS issued Notice 2018-76 providing “transitional guidance” to taxpayers regarding business meals that are purchased in an entertainment context. The IRS also announced that they intend to publish proposed…
…Keiter. Shortly after getting settled the students began their externship with a session by Gary Wallace, Managing Partner, and Julie Gustavsson, Partner and COO, welcoming and introducing them to Keiter….
PTET Election: What Pass Through Entities Need to Know Virginia previously enacted Pass through Entity Tax legislation. However, certain partnerships were not eligible if the partnership had entities as members….
IRS to refund taxpayers over $1.2 billion in late filing penalties For some taxpayers, the IRS has agreed to provide relief on certain penalties that were assessed. On August 24,…
Overview of IRS E-Filing Requirements IRS e-filing requirements will now require more forms to be submitted to the IRS electronically, including lower thresholds for Form 1099s and W-2s Businesses should…
…2024. Gary Wallace, managing partner, is proud to have Jim, Elizabeth, and Paul join the partner team. “These individuals are a great addition to our leadership team and are an…