by Rollin Groseclose | Jul 15, 2026 | Tax Watch
The Key Event: Mandatory Gain Recognition in 2026 December 31, 2026 is the date when deferred gains become taxable. The originally deferred gain becomes taxable in 2026, regardless of whether the investment has been sold This gain must be reported on the 2026 tax...
by Sara Maddox | Jul 15, 2026 | Tax Watch
Since its enactment in 2017, many taxpayers have taken advantage of the opportunity to invest in Qualified Opportunity Zone (“QOZ”) investments. If a taxpayer has a capital gain, the gain can be deferred through such an investment. These deferred gains mature on...
by Michael R. Gillis, CPA, PFS | Jun 5, 2026 | Tax Watch
When is the worst time to sell a business? The simple answer: when you have to. The best time to sell, of course, is when you don’t have to—when the business is on an upward trajectory, and you have the flexibility to walk away. One of the most powerful negotiation...
by Rollin Groseclose | May 26, 2026 | Tax Watch
North Carolina is one of many states that have still not updated their conformity with the Internal Revenue Code following the passage of the One Big Beautiful Bill Act (OBBBA). As of today, the state continues to conform to the IRC as of January 1, 2023. We are...
by Rollin Groseclose | May 26, 2026 | Tax Watch
Executive Summary Certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were invalidated following a Supreme Court ruling, prompting U.S. Customs and Border Protection to launch a refund process for eligible businesses that previously...
by DMJPS PLLC | Feb 10, 2026 | Tax Watch
Executive Summary Until the General Assembly updates North Carolina’s conformity statute, taxpayers should anticipate additional adjustments, added compliance complexity, and potential filing delays. Proactive planning now can help you avoid missteps and identify...
