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Update on Potential Tax Savings Opportunity: Virginia’s Pass-through Entity Tax and SALT Cap Deduction Workaround

For individual owners of pass-through entities, such as partnerships, limited liability companies (“LLCs”), business trusts, and S Corporations, Virginia’s elective Pass-through Entity Tax (“PTET”) offers potential federal...more

Top Seven Financial Planning Tips for Business Owners and Executives

With the end of 2021 fast approaching, below are the top seven year-end financial planning tips Sands Anderson PC’s Trust & Estate Planning Team and Tax Team are addressing with business owners and executives...more

What Tax Filings and Payment Deadlines Have Been Extended by the IRS and the Virginia Department of Taxation?

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

4/16/2020  /  Income Taxes , IRS , Tax Planning , Tax Returns
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