For individual owners of pass-through entities, such as partnerships, limited liability companies (“LLCs”), business trusts, and S Corporations, Virginia’s elective Pass-through Entity Tax (“PTET”) offers potential federal...more
Elective PTE Income Taxes Payable to Virginia -
Beginning July 1, 2022, Virginia’s new law establishing a workaround for the federal income tax limitation on deductions for state and local taxes (SALT) became effective....more
The Internal Revenue Service (IRS) and the Virginia Department of Taxation (Department) have each provided guidance regarding the extensions for the filing of tax returns and the payment of taxes. This outline of IRS and...more
The Internal Revenue Service (IRS) and the Virginia Department of Taxation (Department) have each provided guidance regarding the extensions for the filing of tax returns and the payment of taxes. This outline of IRS and...more