…first recognition of the eligible item; Entry into an eligible firm commitment; Specialized accounting principles that required or permitted assets to be reported at fair value cease to apply; The…
…among the Top 60 Firms within the “Best over $10 Million” category. The Firm was also the only firm based in Virginia, in that category. This recognition comes along side…
…nearly 3,000. IPA has also named 10 firms under $5 million in net revenue for the Best of the Best Under $5 Million. Unlike their large-firm counterparts, these firms did…
…will apply to any entity that holds financial assets, which includes receivables, loans, and even some investments. Many nonprofits will be affected, especially those with exchange-type revenue transactions or large…
…and tax software companies work through definitions of revenue that are easily dealt with through conformity. This will make filings much more complicated — to use the example of another…
…than anticipated due to gathering information from others, nuances in the law, varying due dates, and the new Internal Revenue Service (IRS) e-file requirements. There are savings opportunities available (proper…
…Revenue Code (“IRC”). Conforming to the IRC essentially means that states uses federal income or taxable income (“Federal taxable income”) as the starting point for the determining state taxable income…
…used in a trade or business during calendar year 2021 File Form 1096 and Forms 1099-NEC, Copy A, with the Internal Revenue Service Attorneys’ fees for services of $600 or…
…consider. An overview of Internal Revenue Service (IRS) tax tips and other tax planning considerations specific to newly married couples is provided below. Name and address changes Name.When a name…
…similar platforms deductible? The Internal Revenue Code provides that charitable contributions (subject to certain limitations not discussed here) made to a “qualified charity” as defined by IRC section 170(c) may…
…or more for services used in a trade or business during calendar year 2024. File Form 1096 and Forms 1099-NEC, Copy A, with the Internal Revenue Service by January 31,…
…also required to be sent to the Department of Revenue regarding the names, addresses, amount of purchases and other information that will enable the Department of Revenue to pursue the…