Individual Taxation

Qualified Plug-In Electric Motor Vehicle Credit

Investing in an electric vehicle can be an effective way to reduce the environmental impact of gasoline emissions and cope with rising gas prices. IRC §30D provides a credit for qualified plug-in electric motor vehicles. Click above to learn more.

The Current Operations Appropriations Act of 2021

On November 18, 2021, North Carolina State Governor, Roy Cooper, signed the Current Operations Appropriations Act of 2021 (the Act). Click to learn more.

The Infrastructure Investment and Jobs Act

On November 15, 2021, President Joe Biden signed the Infrastructure Investment and Jobs Act (the Act), a $1.2 trillion bipartisan legislation intended to “build back better” the country’s infrastructure. Click to read more.

2022-12-09T09:02:11-05:00December 3rd, 2021|Articles, Business Taxation, Individual Taxation|

Paid Sick and Family Leave Tax Credits Modified and Extended

As part of the COVID-Related Tax Relief Act of 2020 (the Act) signed into law on December 27, 2020, the tax credits for paid sick and family leave have been modified and extended. Click here to learn more.

2022-12-09T09:18:14-05:00February 22nd, 2021|Articles, Business Taxation, Individual Taxation|

North Carolina Updates References to Internal Revenue Code and Decouples from Certain Provisions

The SBA has continued to provide updated guidance based on new legislation and to address many of the questions and concerns Borrowers have as they move closer to applying for loan forgiveness. Click to learn more.

2022-06-10T11:51:18-04:00July 29th, 2020|Articles, Business Taxation, Individual Taxation|

Paycheck Protection Program Loan Forgiveness Updates

The SBA has continued to provide updated guidance based on new legislation and to address many of the questions and concerns Borrowers have as they move closer to applying for loan forgiveness. Click to learn more.

2022-06-10T11:51:42-04:00June 30th, 2020|Articles, Business Taxation, Individual Taxation|

Recent Guidance for Individuals and Businesses

Over the past few days both the IRS and Small Business Administration released additional guidance to help taxpayers navigate the current COVID-19 crisis. Click for additional information available for both individuals and businesses.

2022-06-10T11:52:56-04:00April 16th, 2020|Articles, Business Taxation, Individual Taxation|

IRS Grants Additional Tax Payment and Filing Relief

On April 9, 2020, the IRS released Notice 2020-23, which is an update to Notice 2020-18, Additional Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic. This notice provides additional relief to any relief previously granted.

2022-06-10T11:53:04-04:00April 10th, 2020|Articles, Business Taxation, Individual Taxation|

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”), a massive $2 trillion piece of legislation intended to address the extraordinary impact of the coronavirus (COVID-19) pandemic.

2022-12-09T10:24:52-05:00March 30th, 2020|Articles, Business Taxation, Individual Taxation|
Go to Top