Section 451(b): Overview and Tax Planning Considerations for Businesses Key Takeaways TCJA implemented a new income recognition metric for accrual basis taxpayers “All-events” test had been the applicable standard for…
…proposed amendments to section 1061 would have been effective for taxable years beginning after December 31, 2022. Tax planning opportunities The proposed carried interest tax changes were taken off the…
Ann has over 20 years of tax experience in the public accounting sector. Ann applies her experience to provide tax planning opportunities and insights to operating entities, investment partnerships, trusts…
…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…
…the community and currently serves as the Treasurer for the Community Tax Law Project, a Richmond-based low-income taxpayer clinic that assists underserved populations with tax compliance and controversy issues. When…
Energy efficient home improvements and residential clean energy property tax credits Energy efficient home improvement and other tax credits have changed over time, and often needed Congress to extend such…
…Questions on tax planning for your unique situation? These tax savings opportunities should be carefully considered as part of your broader financial picture. This information is intended as a starting…
Key tax changes that may impact you or your business Discover potential tax planning opportunities with this overview summary. The TCJA of 2017 brought significant changes….
Keiter State and Local Tax Specialist Discusses Virginia’s New One-Time Tax Rebate Ryan Beethoven-Wilson, senior tax manager, recently shared his state and local tax insights on NBC 12’s On Your…
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…
…Breaks Through 2020 Approved Individual Tax Provisions Extended by the Taxpayer Certainty and Disaster Relief Act IRA and Retirement Plan Changes in the 2019 Budget Act 2019/2020 Tax Planning Guide…