Tax Changes Coming for Real Estate and Construction Companies
Real estate and construction industry tax planning insights for 2022 and beyond There are some new and potential tax changes on the horizon that will likely impact real estate and…
Real estate and construction industry tax planning insights for 2022 and beyond There are some new and potential tax changes on the horizon that will likely impact real estate and…
As you focus on building your career, we will identify planning opportunities that align with you and your family’s long term and retirement goals. When you are ready to exit…
…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…
…insurance policy. Let’s review some of the tax issues associated with a sale or surrender of a life insurance policy. Investment in the life insurance contract (tax basis) Taxation of…
…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…
…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,…