…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…
Keiter’s Tax Practice Leader, Gary Wallace, was recently featured in the following Mergers&Acquisitions Opinion article where he shared insights on the impact of the Tax Cuts and Jobs Act on…
…during the COVID-19 pandemic. excise tax on alcohol temporarily waived for hand sanitizer production The Coronavirus Aid, Relief, and Economic Security (CARES) Act temporarily waives excise taxes on alcohol that…
…may impact individual taxpayers. High-income taxpayers are now subject to limitations on itemized deductions. The limitation may be applicable to taxpayers in the tax brackets of 35%-37% and would generate…
…Learn more about information on top tax state exposures, including income/franchise tax, sales and use tax, property taxes, and business license taxes. Discover the importance of sales and use 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…
…need to wait until you file your tax return to get the benefit and you can still reap a benefit even if your tax liability is such that you would…