New 2022 Tax Guidance for Virginia Pass Through Entities

…your Opportunity Advisor if you have any questions specific to your partnership tax situation. Additional Resources Virginia Department of Taxation’s Pass-Through Entity Tax Frequently Asked Questions for Taxable Year 2022…

Virginia Business License Renewals Reminder

…Ruling of the Tax Commissioner, PD 01-210 (December 12, 2001) Additional State and Local Tax Resources Top State and Local Tax Considerations for 2020/2021 Overview of Virginia’s Popular Tax Credits…

2022 R&D Tax Deduction Changes

…final tax bills that would defer or change the current treatment of R&D. The Keiter Tax Team is closely monitoring this and other proposed tax legislation. We will keep you…

Excess Business Loss Limitation Update

A now permanent tax planning consideration When the Tax Cuts and Jobs Act (TCJA) was enacted in late 2017, many business owners benefited from taxpayer favorable amendments to the Internal…

IRS Scam Alert: Erroneous Tax Refunds

…may be a need to close bank accounts. Taxpayers receiving erroneous refunds also should contact their tax preparers immediately. Because this is a peak season for filing tax returns, taxpayers…