Insights

The IRS issued Notice 2018-94, extending the deadline for Affordable Care Act Forms 1095-B and/or Form 1095-C to individuals.

Contact Cherry Bekaert if you have specific questions about the deadline extension for QSEHRA notices or want advice on the best way to proceed.

IRS regulations have been released concerning the tax treatment of charitable contributions in exchange for state and local tax credits.

On April 1st, 2022 significant legislation was passed in Georgia addressing various income tax changes. Learn how these updates can impact you or your business.

See which states require early Pass-Through Entity (PTE) tax elections for the 2022 calendar year. Contact our advisors for more guidance.

Learn more about Georgia and South Carolina becoming the most recent states to provide an election to tax pass-through entities at the entity level.

Learn more about PTE Tax Election Legislation passed by the Virginia General Assembly establishing a 5.75% income tax for electing pass-through entities.

Learn more about the recently issued North Carolina Department of Revenue guidance providing answers to frequently asked questions regarding Pass-Through Entity Tax.

North Carolina Governor signed a bill to reduce the sales tax burden on schools and business delivering virtual learning and instruction to their customers.

IRS issued a notice on SALT cap workarounds for pass-through entities to explain in which state taxes imposed on PTEs can be deducted by the PTE.