We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
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...
Standard Deduction The standard deduction increases by $1,500 for a married taxpayer aged 65 or older or blind ($3,000 if both 65 and blind); by $1,850 for a single taxpayer...
Question: Is there anything wrong with getting a big income tax refund every year? Answer: Yes, it means you’re giving the IRS an interest-free loan when you could have the...
Are you Eligible? Since 1975, the Earned Income Tax Credit (EITC) has provided a tax break to millions of Americans each year. The credit was originally established to give low...
A timely knowledge of this definition is pretty important If you have problems getting to sleep at night and you turn to the IRS tax code for help, you might...
The word “audit” is enough to raise anyone’s blood pressure. If the IRS agent then tells you they want to see bank accounts and personal records you may need a...
Question: Can I itemize my deductions this year? Answer: If you have enough personal expenses, you may save income taxes if you itemize your deductions. Compare your itemized deductions with...
Question: What is the marriage penalty? Answer: The marriage penalty occurs when a married couple pays more federal income tax than two single taxpayers with the same total amount of...
What every Traditional IRA owner should know It is one thing to be taxed on retirement contributions and their related earnings when you withdraw funds from your Traditional IRA, it...
Please use the form to contact us regarding your questions and tax issues. Please do not send confidential information using this form.