…another for tax reporting. Income and expenses are reported on tax returns based on one of two accounting methods, which include either the cash method or the accrual method. Either…
Conforming to federal tax code is a legislative win for Virginia taxpayers and practitioners Many states based their income tax laws on Federal tax laws. Conforming to federal tax code…
…U.S. Income Tax Return for Estates and Trusts and others 3) Forms 1120 including – Form 1120, U.S. Corporation Income Tax Return; Form 1120-C, U.S. Income Tax Return for Cooperative…
…your business to understand this legislation to benefit from tax planning and saving opportunities. Below is an overview of key tax provisions that could impact your business. Bonus depreciation: The…
…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…
…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…
Overview of IRS disaster tax relief and claiming a casualty loss IRS disaster tax relief The IRS will automatically provide administrative disaster tax relief and special tax law provisions that…
…contributions. Form W-2 tax reporting These contributions are not subject to withholding for federal income tax and are also generally not subject to withholding for Social Security or Medicare tax….
…enable deductibility of state taxes outside of the federal itemized deduction SALT-cap of $10,000. However, under federal tax-benefit rules, taxpayers must recognize taxable income for state tax refunds that are…
…partnership, and trust tax engagements from planning through delivery Provide strategic tax advice on compliance, planning, and multi-state taxation Cultivate trusted advisor relationships with clients and their businesses Develop and…
Jen applies her significant experience in tax compliance and strategic consulting for both privately held businesses and their owners. She works to minimize tax and maximize wealth while managing liability…