Accounting Today

JULY 21, 2025

Most of the companys income was generated from the Ohio Department of Disabilities, which receives its funding through Ohio Medicaid. IRS records analysis confirmed that the defendant did not file income tax returns for 2015 and 2016, but he eventually prepared and filed those documents two years later, in April 2018.

Rhode Island

Accounting Today

JULY 15, 2025

The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. 15, 2025; Quarterly estimated income tax payments normally due on Sept. 15, 2026; Quarterly payroll and excise tax returns normally due on July 31, Oct.

Texas

Cherry Bekaert

OCTOBER 9, 2023

When investing in real estate funds , especially amid a volatile macroeconomic landscape, it is imperative to know the differences between the various types of funds. Pass-Through Deduction – 2017 tax reforms allow REIT investors to deduct up to 20% of combined qualified income, including qualified REIT dividends from income tax.

Real Estate

Cherry Bekaert

JULY 12, 2024

Real Estate Market Trends The U.S. real estate market has been experiencing a significant increase in the demand for residential real estate due to a growing population of people looking to buy homes or invest in real estate properties. real estate market as a stable investment opportunity.

Real Estate

Withum

JANUARY 13, 2022

A4: The PPP loan when received is recorded as a loan on the balance sheet and the portion that is forgiven is written off to the income statement as tax-exempt income. The PPP loan forgiveness amount is not taxable but it will increase book income on the income statement. See our article on this topic.

Tax

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. is a C corporation.

tax return

ThomsonReuters

JULY 6, 2023

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do?

Tax

ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. The following guide offers numerous strategies and tips that owners of S corporations can use to lower their taxes, including deductions and credits.

corporation tax

xendoo

JANUARY 12, 2022

You can use the information and the dates we provide to form a strategic plan for preparing and filing your taxes in 2022. What Is the Business Tax Filing Deadline for 2022? You may have already marked April 18, 2022, on your calendar to remind you to pay your personal income taxes.

business tax

SkagitCountyTaxServices

AUGUST 26, 2021

Per the Treasury , the bill will target tax increases on big corporations (raising the corporate income tax — i.e. C-corps — to 28%, among other moves) while protecting the majority of small businesses (around 97%).

business tax

Withum

NOVEMBER 17, 2022

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Postpone income until 2023 and accelerate deductions into 2022. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches.

tax planning

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware offers perhaps the most favorable tax treatment to businesses. Historically, in the U.S.,

Delaware

xendoo

JANUARY 16, 2023

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

business tax

inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Deductions work by reducing your total gross income.

Tax

Menzies

AUGUST 17, 2022

For instance, it can be more tax efficient to manage a portfolio of property within a corporate structure, especially if the landlord intends to leave profits in the business for reinvestment. Limited companies also enable landlords to appoint multiple shareholders, which can aid tax-efficient plans for succession.

Real Estate

ThomsonReuters

FEBRUARY 8, 2024

How are LLCs taxed? LLCs are considered “pass-through entities,” which means the LLC itself does not pay federal income taxes on business income. Instead, income “passes through” to individual members of the LLC, who pay federal income tax earned from the LLC via their own individual tax returns.

Tax

Ronika Khanna CPA,CA

APRIL 19, 2024

Tax Slip: Usually reflected on Box 13 of the T5 slip. Eligible Dividends are received from corporations who are large enough that they do not qualify for the small business deduction i.e. their corporate tax rate is effectively higher than it is for a small business.

tax return

CPA Practice

JUNE 13, 2024

Intentionally Defective Grantor Trusts (IDGTs) IDGTs are very effective tools for transferring wealth, especially for appreciating assets like family businesses or real estate. By designating a trust as “intentionally defective,” the grantor separates the income tax responsibility from the estate and gift tax implications.

Real Estate

CPA Practice

MARCH 12, 2024

Billionaires tax Biden is proposing a 25% minimum tax rate on households worth at least $100 million, hitting many of the richest Americans—who currently pay an 8% rate on their incomes because of tax preferences that allow them to reduce their bills—with significant tax increases. ©2024 Bloomberg L.P.

Tax

LyfeAccounting

OCTOBER 29, 2020

increase in taxes if you’re making over $400,000 under Biden‘s proposal. On the other hand, Trump would like to keep the 37% tax rate and has hinted at adjusting the middle income tax payer rate to 15%. Corporate Tax Rates. Biden would like to see the corporate tax rate at 28%. Capital Gains.

tax planning

KROST

OCTOBER 9, 2020

Proposes taxing capital gains and dividends at same rate as ordinary income tax for taxpayers with over $1MM in income. Proposes to eliminate step up in basis for capital gains and tax all unearned capital gains at death. Proposes to eliminate Like-Kind Exchange (1031 Exchange) for real estate investments.

Real Estate