…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…
…state audits, implementation of sales tax reporting procedures, tax provisions, multi-state tax issues, international operations and foreign reporting requirements. She also prepared the documentation of costs eligible for the federal…
…Sign up for our newsletter to stay informed on tax and other accounting topics. Additional Individual Tax Planning Resources New Tax Law: What You Need to Know AMT Changes to…
…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 requirements on out-of-state businesses due to their internet activities. Questions about multi-state tax regulations? Contact Your Opportunity Advisor by Email | 804.747.0000 Additional Resources State Income Tax Changes…
…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…
…in asset deals which will have a stepped-up tax basis in these assets. Reduced Individual Tax Rates The TCJA temporarily lowers individual income tax rates, including the top marginal rate,…
Business, Professional and Occupational License (BPOL) Tax and Other Business Tax Due Dates For many localities in the Richmond area, local tax filings are due March 1. If a business…
…Tax Commissioner, which contains the unitary combined net income of the group based on taxable year 2019 computations. The report must include, at a minimum, the difference in tax owed…
…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…
…help. Source: IRS Additional Tax Resources: Remote Sales Tax Collection After the Wayfair Decision Section 199A Proposed Regulations Released Seven 2018 Tax Developments That May Affect Your Tax Situation Opportunity…