Preparing LBOR Rates Transition to SOFR Rates
Preparing for transition from LBOR to SOFR, Treasury Final Regulations adopting SOFR, and incorporating comment which recommended using the one-month term SOFR,
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Preparing for transition from LBOR to SOFR, Treasury Final Regulations adopting SOFR, and incorporating comment which recommended using the one-month term SOFR,
The Virginia Department of Taxation (Department) recently published Virginia Pass-Through Entity Tax Frequently Asked Questions for Taxable Years 2022 and After (FAQs). As summarized...
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...
During the 2022 General Assembly Session, legislation was enacted that allows a qualifying pass-through entity (PTE) to make an annual election for Taxable Years 2021 through 2025 to...
The 2022 General Assembly session adjourned sine die on March 12, 2022. This year's session was a so-called "long session," and lasted 60 days instead of the 45 day "short session"...