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 Code (“IRC”) Section 199A Qualified Business Income Deduction (“QBI Deduction”) generally provides a 20% deduction (or reduction) of a taxpayer’s qualified net business income received from a pass-through...more
2/7/2019
/ Business Taxes ,
Internal Revenue Code (IRC) ,
Pass-Through Entities ,
Qualified Business Income ,
Rental Income ,
Rental Property ,
Revenue Procedures ,
Safe Harbors ,
Section 199A ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Reform ,
Tax Returns