Insights

A recent decision by the U.S. Supreme Court: that a state cannot tax a trust if the only connection to the state is the residency of the trust beneficiary.

Read more about the Section 965 transition tax over-payments, a 2017 tax liability introduced in the Tax Cuts and Jobs Act (TCJA).

Northam signed legislation that conforms Virginia’s tax laws letting the Virginia Department of Taxation process individual income tax returns.

Learn how ownership changes affect your disallowed business interest carryforward under the TCJA expanded definition of loss corporation.