YHB News

Jul

Major Tax Legislation Alert: What’s Inside the One Big Beautiful Bill (OBBB)

On July 4, 2025, the One Big Beautiful Bill Act (OBBB) was signed into law, a sweeping piece of tax and economic legislation that will have wide-ranging impacts on individuals,…

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Trump Accounts: What the New OBBB…

The Effects of the OBBB on…

YHB Recognized Once Again Among IPA’s…

YHB Ranked Among the Top 50…

The tax rules of renting out a vacation property

March 22, 2022

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the…

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When inheriting money, be aware of “income in respect of a decedent” issues

March 15, 2022

Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such as IRAs or…

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Lost your job? Here are the tax aspects of an employee termination

March 8, 2022

Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind.…

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There still may be time to cut your tax bill with an IRA

March 2, 2022

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 again eases Schedules K-2 and K-3 filing requirements for 2021

March 1, 2022

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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Virginia Governor Signs Tax Conformity

February 25, 2022

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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