…discussion of what to anticipate from states in the future. Kay Gotshall,senior tax manager, shares state and local tax insights on these new and changing tax regulations for Virginia and…
…529s and other planning tools to protect assets, preserve benefit eligibility, and create flexibility for unforeseen needs. Tax efficiency: ABLE contributions can be layered into broader tax strategies especially when…
…Example: Income tax disclosure for public business entities Note X – Income Taxes The Company accounts for income taxes under ASC 740, “Income Taxes,” and is subject to U.S. federal…
…the immediately preceding tax year, instead of using the current tax year’s allocations, to determine if the business meets the definition of a tax shelter/syndicate. This regulation will provide much…
…tax payments to assist Virginia taxpayers impacted by the coronavirus. Virginia Income Tax Payments The waiver of interest applies to those payments made by individuals, estates and trusts, and corporations…
…The new regulations provided one change that may be a potential benefit to taxpayers. Taxpayers can now look to how the taxable income or loss of the immediately preceding tax…
Maximize your tax planning with a bargain sale to a nonprofit organization If you are interested in selling a valuable property but want another option to reduce your tax obligation,…
…be filed by February 28. Property Tax Generally business tangible personal property (BPPT) is taxable in the locality in which it is located on Tax Day, or January 1. Due…
Tax Senior Manager – Private Client Services Create Meaningful Impact. Lead With Insight. Empower Legacy. Keiter is seeking a Tax Senior Manager to join our Private Client Services tax group,…
…the taxpayer’s 2021 income (and potentially filing status) these credits/payments have to be reconciled on the taxpayers 2021 Form 1040. The taxpayer could find they are due additional credits or…
…to notices online, and securely access and download their data and account history. “Taxpayers and tax professionals will have a clearer view of the tax information and easier ways to…