I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. As you know by now, On March 11, 2021, President Biden signed into law H.R. 1319 – the American Rescue Plan Act (from here forward referred to as Read more about Everything We Know About The New Child Tax Credit So Far[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. Currently, the IRS is issuing refunds automatically to taxpayers who claimed unemployment benefits on their taxes, but happened to file their returns before the unemployment exclusion was available Read more about Some States Require Amended Tax Returns for $10,200 Unemployment Tax Break Refunds[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. The “2020” Tax Season has been one of the most confusing tax seasons on record. What, with possibly having to file for missing stimulus money on your 2020 Read more about Deciding whether or Not to Amend Your Taxes![…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. As you know by now, the Consolidated Appropriations Act of 2021 included several headline provisions, including: $600 stimulus checks, expansion of the Paycheck Protection Program (PPP), and extended Read more about Hidden Gems in the Consolidated Appropriations Act[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. Well, unfortunately, the December stimulus bill set a Jan. 15 cutoff for the IRS and US Treasury to send the second stimulus payment to bank accounts and through Read more about What Happened to My Second Stimulus Check?[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. As December was drawing to a close, the Internal Revenue Service finalized updates to various tax accounting regulations to adopt the simplified tax accounting rules for small businesses Read more about Simplified Accounting Rules for Small Businesses Finalized![…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. Today, the Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments (AKA Stimulus Checks) to millions of Americans who received Read more about Ready for your STIMULUS Check![…]
I hope you have managed to stay safe and well. We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. Due to everything happening in the world this year, it’s easy to miss minute/small details. I would not blame anyone for not being aware of the $300 charitable Read more about Special Tax Deduction Available![…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. We’re officially on the clock for the 2021 busy season! The yearly electronic filing moratorium for both the filing of federal tax returns, as well as any state Read more about Yearly Moratorium for e-Filing[…]
I hope you have managed to stay safe and well! We focus on resolving both personal and business customers’ Tax Issues in Prince William County, and throughout the lower Northern Virginia area. Are you an employee-owner of a corporation (or an LLC that filed IRS Form 2553 and elected to be taxed as a Subchapter Read more about REASONABLE COMPENSATION – You’ve still got time!?[…]