Qualified Retirement Account Tax Planning Opportunities With the 2019 income tax extension deadline passed and as we begin the second half of 2020, giving some thought to project your 2020…
…of those losses, and losses will be deductible only to the extent of the taxpayer’s gains from wagering transactions during the tax year. Charitable contributions and estate planning Tax benefits…
…taxpayer to retain the certification for tax recordkeeping purposes To claim the tax credit for property placed in service after December 31, 2024, the manufacturer must provide a “qualified product…
…consider amending 2022-2024 tax returns to retroactively claim R&D tax credits, which still presents a powerful monetization opportunity through a direct reduction of federal income tax. Small taxpayers (with less…
…City of Richmond’s current BPOL fee structure: If the basis of the tax is less than $5,000 – no tax or fee is due If the basis of the tax…
…discuss these and other tax considerations that apply to your unique business situation and identify planning options. Employer Retention Credit Extension The Consolidated Appropriations Act enacted in December recently extended…
…on all fixed assets held by the company and that all previous tax elections be considered void. Those rules also resulted in many short-period tax years requiring a final tax…
…acquire the new rental property without paying tax on the insurance proceeds or on the proceeds from the sale of the lot. Tax savings opportunity Our client can accomplish their…
…Account and the tax professional’s Tax Pro Account. Tax professionals may then go to e-Services Transcript Delivery Service to see the taxpayer’s records. Additional IRS Tax Pro Account Features There…
…of Taxation (as provided in Tax Bulletin 20-3) to defer the filing of the return and payment of tax due. We understand the Tax Department plans to be liberal in…
…the use tax directly to the Department of Taxation. Consumer use tax returns must be filed only when there is tax to report. Virginia Department of Taxation auditors check on…
…including Americans who live and work abroad, can now wait until July 15, 2020, to file their 2019 federal income tax return and pay any tax due.” Overview of Tax…