Urgent: Congress Agrees to New Tax Reform Bill
In light of recent legislation passed by the House and Senate, we are providing an update on the new tax…
U.S. Senate Passes Tax Reform Bill; Next Step, Compromise
On December 2nd, the Senate passed its version of the “Tax Cuts and Jobs Act” with a vote of 51…
The Need For a Durable Power of Attorney
A power of attorney gives another individual the power to act on your behalf. That power can be limited to a…
IRS Guidance on Leave-Sharing Programs to Help Hurricane Harvey Victims
The IRS recently announced special tax relief for leave-based donation programs set up by employers to assist victims of Hurricane…
Tax Alert: Virginia Announces 2017 Tax Amnesty Program
The Virginia Department of Taxation has announced a tax amnesty program to be available September 13, 2017 through November 14,…
Learn the ABCs of Higher Education Tax Breaks
Back-to-school season is a good time to review the federal tax breaks that are currently available if you or a loved…
New Electronic Payment Requirement for Certain Taxpayers
The Virginia Department of Taxation has announced that they have sent letters to taxpayers who may be impacted by the…
Health Savings Account Limits for 2018
With Health Savings Accounts (HSAs), individuals and businesses buy less expensive health insurance policies with high deductibles. Contributions to the…
April 2017 tax compliance calendar
As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines….
FAQ…What are miscellaneous itemized deductions?
Miscellaneous itemized deductions are certain nonbusiness expenses that individuals as taxpayers who otherwise itemize deductions may take against their taxable…