…Tax Changes for Trusts Surtax on Non-Grantor Trust Similar to the surtax provisions discussed above, a 5% surtax would apply to the adjusted gross income of non-grantor trusts in excess…
…Deductions of Virginia individual income taxes Taxpayers can deduct the actual amount of real and personal property taxes imposed by Virginia or any other taxing jurisdiction when those taxes are…
…protect against having too little tax withheld and facing an unexpected tax bill or penalty at tax time in 2019. It can also prevent employees from having too much tax…
…taxes, gross receipts taxes, sales and excise taxes paid by business on their purchases/capital expenditures, business license taxes, unemployment insurance taxes, individual income taxes paid by the owners of pass-through…
…tax planning opportunities or charitable deductions? Contact your Keiter Opportunity Advisor or Email | Call: 804.747.0000. We are here to help. Additional Tax Planning Resources for Families, Executives and Entrepreneurs…
…that have changed how a child’s income is taxed. Under pre-Act law, the net unearned income of a child was taxed at the parents’ tax rates if the parents’ tax…
…May Provide Opportunities for Gift and Estate Tax Planning Strategies 2020 has already seen turbulence as a result of the COVID-19 pandemic and demonstrations for social reform. This turbulence has…
…giving in order to reduce your taxable income for 2023. For many high wealth taxpayers, the use of charitable contribution planning may be one of the few discretionary planning methods…
…you should speak with your tax advisor before making any decisions. Questions? Contact your Keiter representative or Email | 804.747.0000 Additional Tax Planning Resources 4th Quarter Summary of Key Tax…
…– Kiddie tax based on income of parent with higher taxable income Divorced parents – Kiddie tax based on income of custodial parent How is the Kiddie tax reported? If…
Tax items you need to know for year end 2019 Estimated Individual Income Tax Payments The final installment date for 2019 estimated tax payments is January 15, 2020. Mail your…
Key tax considerations for businesses and executives in 2024 Keiter’s 2024 tax seminar provided valuable insights into upcoming tax changes, the Corporate Transparency Act, and practical tax planning strategies. Below…