Tax

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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…

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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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….

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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…