Roanoke, Virginia
2022 Sales Tax
…to make the tax laws work for you Learn about key tax provisions including the latest OBBBA tax implications. Identify strategies for minimizing your taxes in the current tax environment….
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…
…Topics Understanding key metrics that influence the valuation of closely-held businesses Recognizing the external macroeconomic factors that impact company valuations Identifying opportunities in estate planning and succession planning for owners…
IRS Adjusts Estate and Gift Tax Exemptions for Inflation The Internal Revenue Service (IRS) recently announced the inflation adjusted Estate and Gift Tax Exemptions for 2023. The lifetime Estate and…
Key tax changes found in the 2017 Tax Cuts and Jobs Act Read our overview of the significant tax regulations that impacted businesses and individuals…
…exploit real tragedies and disasters. Charitable donations only count for tax deductions if they go to an IRS recognized, qualified tax-exempt organization. Misleading tax advice on social media Viral “tax…
…state and local taxes, along with nearly $288.62 million in federal taxes, totaling $497.72 million in tax revenues. From the Eastern Shore to the Appalachian Mountains, Virginia’s 300+ wineries have…
…it relates to your specific involvement. TransactionTax Treatment Purchase Not a taxable event. Purchase price, including commissions and fees = tax “basis” Sale – if an investor Capital gain treatment…
How to recognize tax identity theft, respond to IRS notices, and protect your tax account Tax-related identity theft continues to rise, and high-net-worth individuals remain prime targets due to complex…