2023 Update: Student Loan Forgiveness

…for now it appears taxpayers must continue to set aside funds and continue to pay off their student loans. Student loan interest accrual will resume on September 1, 2023, and…

The Latest IRS Guidance on Qualified Opportunity Zones

…to help. Keiter team | Email | 804.747.0000 Additional Related Tax Resources: New Tax Benefits for Qualified Opportunity Zone (QOZ) Investments 2019 Tax Planning Guide Sources: https://www.irs.gov/pub/irs-drop/reg-115420-18.pdf https://www.irs.gov/pub/irs-drop/rr-18-29.pdf https://www.irs.gov/pub/irs-dft/f8996–dft.pdf https://www.irs.gov/pub/irs-dft/i8996–dft.pdf…

IRS Delays RMD Rules for Inherited IRAs Again

…eligible for tax free rollover treatment since the custodian classified distributions as RMDs. Notice 2023-54 offers transitional relief for taxpayers in this situation by extending the 60-day rollover period to…

IRS Announces Penalty Relief for Missed RMDs

…be withdrawn from inherited IRA accounts and the IRS will not enforce the 50% penalty tax against those taxpayers if distributions are not taken. If a taxpayer has already paid…

Litigation and Forensic Services – Nashville (TN)

Are you involved in a legal dispute involving your business? Our Valuation and Forensic Services Practice specializes in assisting attorneys and their clients with complex disputes including litigation consulting. Our…