3 min read
Tax Relief for Businesses and Individuals - Pending Bill
The House Ways and Means Committee voted January 19th to advance a $79 billion tax bill that includes several key individual and business tax breaks....
Tax
2 min read
Maryland PTES - Payment processing delays & Erroneous Notices
Comptroller of Maryland Issues Letter Acknowledging Delays Processing PTE Payments and the Issuance of Erroneous Notices.
1 min read
Maryland Declared the Digital Gross Revenues Tax not constitutional
On May 9, The Maryland State Supreme Court breathed new air into the sails of a state sales tax on digital advertising services. On that day, the...
1 min read
Tax Relief For Combined State and Local income Taxes over $10,000
Virginia's residents can now avoid the effects of the $10,000 ceiling on state and local taxes enacted by Congress in 2017. In making the change,...
1 min read
New Corporate Minimum Tax & Excise Tax on Stock Repurchases
On August 7, 2022, the Senate passed the Inflation Reduction Act of 2022 (IRA). The extensive bill, among other things, includes a new corporate...
1 min read
Renewable Energy Update
On August 7, 2022, the Senate passed the Inflation Reduction Act of 2022 (IRA). The extensive bill, among other things, affects renewable tax credits...
1 min read
Avoiding Problems with 1031 Exchanges
A 1031 exchange is a transaction allowed under the IRS code that allows an investor to sell one property and buy another without incurring immediate...