…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…
…to Claim Credits: Con artists may convince unsuspecting taxpayers to invent income to erroneously qualify for tax credits, such as the Earned Income Tax Credit. Taxpayers should file the most accurate tax…
…trillion and growing. What is the “tax gap”? A standard definition of the tax gap is the shortfall between the amount of tax voluntarily and timely paid by taxpayers and…
…to respond to tax and regulation changes as they are announced. If you have questions about how these changes impact your unique individual or business tax situation, please contact your…
…by Virginia taxpayers through the Rebuild Virginia Grant program are taxable for federal income tax purposes Virginia will allow an individual and corporate income tax subtraction for up to $100,000…
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,…
…representative or Email | Call: 804.747.0000 Additional Tax Resources State Income Tax Changes for Businesses How Nonprofits Can Pursue Refunds from Repealed “Parking Tax” New Virginia Taxpayer Changes Individual Tax…
…allowed for any tax year if the lesser of the modified adjusted gross income of the taxpayer for the current or preceding year exceeds: $300,000 for taxpayers filing joint returns…
…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…
…return for a tax period before April 2025, you still need to use the old sales tax form Taxpayers are encouraged to review the new format themselves and familiarize themselves…