A Summary Review of Tax Legislation, Court Decisions, Opinions of the Attorney General and Published Rulings of the Tax Commissioner Published from January 1, 2023 through November 10, 2023....more
Join Williams Mullen for our Fall Tax Forum on Thursday, November 9, 2023. Our speaker, Kyle Wingfield, will provide an annual review of Virginia tax developments, including key court decisions, administrative rulings, and...more
The General Assembly enacted legislation (H.B. 1456 and S.B. 1476) during its 2023 Regular Session that removed some of the barriers for qualifying for Virginia’s Pass-Through Entity Tax (PTET) election and altered how PTET...more
The Virginia Department of Taxation (Department) recently published Virginia Pass-Through Entity Tax Frequently Asked Questions for Taxable Years 2022 and After (FAQs). As summarized below, the FAQs provide helpful guidance...more
Join us virtually for the Spring Tax Forum on Thursday, May 26, 2022. Our speakers, Dan Durst and Kyle Wingfield, will provide the latest updates on tax and wealth planning, including:
- Virginia’s recently passed Pass...more
Understanding how solar and energy storage projects are taxed in Virginia is often confusing. Who assesses the value? What is the rate? Are any tax exemptions available? What is the revenue share?...more
4/22/2022
/ Energy Projects ,
Energy Sector ,
Energy Storage ,
Local Taxes ,
Pollution Control Facilities ,
Revenue Sharing ,
Solar Energy ,
State Taxes ,
Tax Exemptions ,
Tax Legislation ,
Tax Rates ,
Virginia ,
Webinars
During the 2022 General Assembly Session, legislation was enacted that allows a qualifying pass-through entity (PTE) to make an annual election for Taxable Years 2021 through 2025 to pay income tax at a rate of 5.75% at the...more
Please join us for the Winter Tax Forum to be held virtually on Wednesday, January 27, 2021.
...join Anna Derewenda, Jenny Connors, Farhad Aghdami, and Kyle Wingfield for our virtual tax forum where they will cover recent...more
Tax partners Stephanie Lipinski Galland and Kyle Wingfield summarize what you can do if you have not filed your state and local taxes or if you are unable to pay your tax bills due to the COVID-19 pandemic. Topics include...more
8/11/2020
/ Coronavirus/COVID-19 ,
Federal Taxes ,
Income Taxes ,
IRS ,
Local Taxes ,
Offer-in-Compromise ,
Payment Plans ,
Property Tax ,
Sales & Use Tax ,
Sales Tax ,
SALT ,
Sole Proprietorship ,
State and Local Government ,
State Taxes ,
Tax Authority ,
Tax Liability ,
Tax Planning ,
Tax Relief ,
Tax Returns ,
Voluntary Disclosure
In response to disruptions to Virginia taxpayers caused by the COVID-19 crisis, the Virginia Department of Taxation (the “Department”) has extended the deadline for Virginia taxpayers to pay their income taxes. This relief...more
On Friday, June 21, 2019, the Supreme Court of the United States ruled in North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust that a state cannot tax a trust based only on a trust beneficiary’s...more
6/26/2019
/ Beneficiaries ,
Due Process ,
Estate Tax ,
Exclusive Control ,
Forum State ,
In-State Beneficiaries ,
Income Taxes ,
Minimum Contacts ,
North Carolina Department of Revenue v The Kimberley Rice Kaestner 1992 Family Trust ,
SCOTUS ,
State Taxes ,
Trust Distributions ,
Trustees ,
Trusts
The Virginia Department of Taxation issued guidelines for the new laws requiring remote sellers, marketplace sellers, and marketplace facilitators to register and collect Virginia sales and use taxes. (See Guidelines for...more
On Wednesday, May 23, 2018, the U.S. Department of the Treasury and the IRS issued Notice 2018-54 (the “Notice”), stating they will propose regulations to address the deductibility of state and local tax payments for purposes...more
Please join us for the Spring Tax Forum to be held at the Williams Mullen Center on Thursday, May 17, 2018.
We will provide an overview of the impact of The Tax Cuts and Jobs Act and share our best practices on tax...more
Starting July 1, 2017, taxpayers that request an “Offer in Compromise with respect to doubtful collectability under Sec. 58.1-15, a Ruling Letter from the Commissioner under Sec. 58.1-203, a local tax advisory opinion under...more
Please join us for the Spring Tax Forum to be held at the Williams Mullen Center on Thursday, May 12, 2016. Topics Include:
Contributions of Property to a Partnership: An Analysis of Section 704(c) Methods
Part II:...more
The Williams Mullen Southeast State and Local Tax (SESALT) team is pleased to provide you with a comprehensive recap of important tax developments around the Southeast....more
3/18/2016
/ Comptroller of the Treasury v Wynne ,
Corporate Taxes ,
Franchise Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Nexus ,
OH Supreme Court ,
Sales & Use Tax ,
SALT ,
SCOTUS ,
State Taxes ,
Tax Credits ,
Withholding Tax
The Williams Mullen Southeast State and Local Tax (SESALT) team is pleased to provide you with a comprehensive recap of recent legislation around the U.S....more
The Williams Mullen Southeast State and Local Tax (SESALT) team is pleased to provide you with a comprehensive recap of recent legislation around the U.S....more
The Williams Mullen Southeast State and Local Tax (SESALT) team is pleased to provide you with a comprehensive recap of recent legislation around the U.S.
INDIVIDUAL INCOME TAX -
Virginia Income Tax Treatment of...more
The Williams Mullen Southeast State and Local Tax (SESALT) team is pleased to provide you with a comprehensive recap of recent legislation around the U.S....more
11/29/2013
/ Contractors ,
Corporate Taxes ,
Fees ,
Income Taxes ,
Local Taxes ,
Non-Resident Aliens ,
Overpayment ,
Retailers ,
Sales & Use Tax ,
Same-Sex Marriage ,
State and Local Government ,
State Taxes ,
Statute of Limitations ,
Withholding Tax