What you need to know about Neighborhood Assistance Program (NAP) Credit Benefits
…or local tax credit the taxpayer receives or expects to receive. For example, if a state grants a 65 percent state tax credit and the taxpayer pays $1,000 to an…
…or local tax credit the taxpayer receives or expects to receive. For example, if a state grants a 65 percent state tax credit and the taxpayer pays $1,000 to an…
…develop multi-year cash flow and tax strategies with greater confidence. Recommended advisory workflows: Annual CTC eligibility reviews during year-end tax planning Pre-enrollment comparisons of dependent care FSA vs. tax credit…
…For more tips to help with individual tax needs, download our latest tax planning guide to learn about key tax provisions and strategies for minimizing your taxes. Download now. …
…Copy A, with Social Security Administration File Payroll tax returns with appropriate agency: Form 941, Employer’s QUARTERLY Federal Tax Return (or Form 944, Employer’s ANNUAL Federal Tax Return) Form 940,…
…two new tax preferences enacted during 2022: An individual income tax deduction for qualified educator expenses The Beneficial Hardwood Management Practices Tax Credit The provisions are effective immediately and qualified…
…to concerns about the impact of federal tax changes from the Tax Cuts and Jobs Act of 2017 (TCJA) on state returns for Virginia taxpayers. The governor’s administration and our…
…use the blended apportionment. Remote Employees: Compliance and Risk With remote and traveling employees, businesses face increased compliance and audit exposure: Possible Tax Requirements: Income/franchise tax, sales/use tax, local taxes,…
…also receiving financial impetus for doing so through tax incentives (Historic Tax Credit). Keiter has described in previous articles the basics of the Historic Tax Credit (HTC). Many investors and…
…that fewer taxpayers are subject to federal estate taxes. Planning for the unknown: Will tax rates really go up? No one knows where future income tax rates will land. History…
By Asif Charania, CPA/ABV/CFF, ASA, Valuation and Forensic Services Senior Manager | Healthcare Industry Team Uncertain Times May Provide Gift and Estate Tax Planning Opportunities for Healthcare and Medical Providers…
…refresher, that tax credit is for qualified investments in a pre-qualified small business venture. Due Date for Applications Taxpayers must apply to the Department of Taxation in order to obtain…
…finalized. 10. The current capital gain tax rates will apply to the deferred capital gains recognized on taxpayers’ 2026 tax returns. Clarification Whatever capital gain tax rates are in place…