Call us today Northern Virginia Tax AttorneyAffordable Tax, Legal and Finance Services Avoiding litigation is one of the most important things you can do for your business. This article addresses some of the common ways you can stay out of court and spend your money...
Changes to Like Kind Exchange Rules
Under the Tax Cuts and Jobs Act, (TCJA) the scope of the like kind exchange provisions of section 1031 has been considerably limited. Prior to the TCJA property subject to tax free exchange included depreciable tangible personal property, intangible and...
Tax Season 2018
The new tax season just opened and it will involve all the changes made in the Tax Cuts and Jobs Act of 2017. Many things changed under the new law - alimony payments, the standard deduction, moving expense deductions and elimination of the personal exemption. Also,...
Beware of Telephone Scams Regarding Taxes and the IRS
Taxpayers who get an unexpected or unsolicited phone call from the IRS should be wary – it’s probably a scam. Phone calls continue to be one of the most common ways that thieves try to get taxpayers to provide personal information. These scammers then use that...
Tips for Individuals Who Need to Reconstruct Records After a Disaster
Taxpayers who are victims of a disaster might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. Here are 12 things taxpayers can do to help reconstruct their records...
EITC Refunds to be Delayed
Under recently enacted federal law, taxpayers who file for the earned income tax credit (EITC) or the Additional Child Tax Credit (ACTC) will have their refunds delayed until at least February 15th of year in which they file. Traditionally, EITC filers would file...
New Deadlines for Filing W-2s
New Jan. 31 Deadline for Employers Under The Protecting Americans from Tax Hikes (PATH) Act, employers must now file copies of Form W-2, to the Social Security Administration, by Jan. 31. The new Jan. 31 filing deadline also applies to certain Forms 1099-MISC...