Starting in fiscal year 2022, all entities — except nonprofit organizations in the scope of Topic 958, Not-for-Profit Entities, and employee benefit plans — must provide detailed disclosures about government assistance. Here…
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If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it. If you’re…
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The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 — for the 2021 tax year. Certain domestic partnerships and…
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Fixed-date tax conformity in Virginia will move forward for 2022 after Governor Glenn Youngkin signed an emergency conformity legislation on February 23rd, 2022. This bill (HB 971) will ensure most…
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In the March issue of the Washingtonian, YHB Principal Krystal McCants is featured as one of DC’s Top Financial Advisors. The Washingtonian narrows down the list to just 375 winners…
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If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in…
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