Tax Residency of Estates and Trusts
…of their taxable year. North Carolina Department of Revenue vs. Kimberly Rice Kaestner 1992 Family Trust Trust state taxation has always been a consideration but has gained attention recently due…
…of their taxable year. North Carolina Department of Revenue vs. Kimberly Rice Kaestner 1992 Family Trust Trust state taxation has always been a consideration but has gained attention recently due…
…to adjust, including: Revenue classification and accounting, including sponsorships, earned revenue sources, and contributions Contributions of non-financial assets Special event revenue and expenses Accounting for leases in accordance with ASC…
…1099 to contractors or other recipients January 31, 2020 Mail Forms 1099-Misc which report nonemployee compensation in box 7 to the Internal Revenue Service (IRS) February 28, 2020 Mail all…
Firm Named a 2023 Best of the Best Public Accounting Firms in the Nation by INSIDE Public Accounting We are excited to share that Keiter was recognized by INSIDE Public…
…billion dollar U.S. market 28,000 animal hospitals and veterinary clinics in the U.S – 90 percent plus are independently owned Predictable and growing business Repetitive revenue Sense of pets as…
…that since the Virginia General Assembly has not passed legislation conforming Virginia’s tax code to the Internal Revenue Code, there may be delays for tax filings at the state level….
IRS heads toward deregulation In a significant move towards deregulation, the Internal Revenue Service (IRS) and Treasury Department have announced plans to eliminate a variety of guidance documents and regulations….
…comfort that the grant was paid out and provides proof of the timing of the payment. DO: Understand Proper Timing for Grant Recognition One of the biggest challenges we see…
…Sales (ACES) to Havtech. “Keiter Advisors Announces the Sale of Air Conditioning Equipment Sales” Excerpt: Founded in 1971, ACES has gained industry recognition as a highly respected Manufacturers’ Representative and…
…receiving this recognition were categorized by the number of employees. Keiter was in attendance for this event where the firm received the honor of being named one of the top…
…Individual taxpayers; there is no taxable recognition of the asset’s appreciation, a deduction is still allowed for the full fair market value, and the taxpayer only has to reduce their…
…scanner or facial recognition to unlock a device. Plugging in a security key. In addition to protecting accounts from unauthorized access, MFA can also help to prevent a variety of…