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...
We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
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...
Social Security and Medicare income limits and tax rates FICA tax is a combination of a Social Security tax and a Medicare tax. The Social Security tax is assessed on...
Too often taxpayers receive tax surprises at year-end due to actions taken by mutual funds they own. What can add insult to injury is the unsuspecting taxpayer who recently purchases...
Gift taxes are due on certain transfers of wealth. If and when gift taxes are due, the donor is liable for them. The recipient of the gift is not taxed....
What kind of penalties will I be charged if I pay my taxes late? If you fail to pay all your taxes by the April 15* deadline, you’ll have to...
Do I need to file a tax return after I retire? You may need to file a return even after you retire. You’re required to file a return if your...
The IRS is clear on their point of view. If you barter you must include the barter activity’s fair market value as income on your tax return in the year...
There is a simplified way to take a home office expense for a portion of your home. This ‘safe-harbor’ option greatly simplifies how to record valid expenses for business use...
Post tax filing record retention With a sigh you are relieved that yet another tax return has been sent off to the government. Another 12 months before you need to...
There is no magic to making money by investing. It requires discipline, determination, perseverance, and hard work. In deciding what investments are suitable for you, you must first understand the...
Please use the form to contact us regarding your questions and tax issues. Please do not send confidential information using this form.