When it makes sense to file a tax return as soon as you can The 2024 tax season for 2023 tax returns is now officially underway. Here are several reasons...
We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
When it makes sense to file a tax return as soon as you can The 2024 tax season for 2023 tax returns is now officially underway. Here are several reasons...
There are many tax benefits built into home ownership. Here is a review of the most common. The home gain exclusion. When you sell an asset for a profit, it...
Companies want to make it easy to buy their big ticket items, especially at times of economic uncertainty. A popular technique is to offer 0% financing when you buy furniture,...
Taxes can affect many areas of your life. Here are some common situations when you’ll want to schedule a tax review. 1. Something changed in your life. A change in...
Question: What if I fail to take my required IRA distribution on time? Answer: You’ll face a 50% penalty on the amount that should have been withdrawn. Fortunately your investment...
Head of household tax filing status is available for unmarried taxpayers and certain separated taxpayers who provide a home for a qualifying person, such as a child or a parent....
Alimony audits The U.S. Treasury Department recently released an audit report revealing a disturbing level of non-compliance in alimony reporting on tax returns. This non-compliance will result in a vast...
Always know your marginal tax rate. Use the tax table here to see the rates applied to each level of your income. SINGLE Tax Rate 2023 2022 10% $1 –...
Corporate tax rates and Section 179 expense limits are noted here for your use. C Corporations Pass Through Entities (S corps, partnerships and sole proprietors) *Select companies above these limits...
Mileage Type 2023 2022 Business miles 65.5¢ per mile 58.5¢/62.5¢ per mile Medical and moving miles* 16¢ per mile 18¢/22¢ per mile Charitable miles 14¢ per mile 14¢ per...
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