…to file trust, estate and gift tax returns is April 15, 2021. 2021 Federal Tax Deadline Extended for Individual Taxpayers The Treasury Department and Internal Revenue Service announced that the…
…your Keiter advisor or Email | Call: 804.747.0000. Additional Resources for Manufacturing Companies 2019 U.S. Manufacturers Confident About Increasing Revenue Expectations How the Internet of Things (loT) and 5G Impact…
…the implications of anti-clawback provisions for high-net-worth individuals. Business Valuation Methodologies The session highlighted Revenue Ruling 59-60, emphasizing fair market value principles for closely held businesses. Attendees gained insight into…
…Opportunity Advisor or Email | Call 804.747.0000 with any questions or to discuss your specific situation. Additional resources: Internal Revenue Service Inflation Reduction Act Strategic Operating Plan Sources: Thomsonreuters.com IRS.gov…
…provision allows the organization to receive a refund from the Internal Revenue Service (IRS) for the tax credits on projects placed in service after 2022. Nonprofit organizations must pre-register with…
…Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit. Under…
On September 27, 2023, the Internal Revenue Service released new guidance related to the 45L Energy Efficient Home Credit. What is the 45L Energy Efficient Home Credit? The 45L Energy…
…the organization’s revenue to determine if there is too much reliance on too few sources of revenue. In addition, the review should include the amount of unrelated business activities vs….
…be tax shelter/syndicate could not use these accounting relief rules. Under the Internal Revenue Code, a business would be considered a tax shelter/syndicate if it was a partnership or S…
…Security Administration (SSA) receives information concerning a taxpayer’s modified adjusted gross income (MAGI) directly from the Internal Revenue Service (IRS). The SSA uses this information to determine the amount of…
…stock. If at least 30% of the stock is sold to an ESOP, the selling owner/shareholder can reinvest the proceeds in qualified replacement property and defer recognition of the gain….
…(Subtopic 350-60) ASU 2023-08 gives specified guidance for subsequent measurement, presentation and the disclosure of crypto assets to increase transparency. Initial measurement, recognition, and derecognition of crypto assets remain in…