The federal tax law allows certain items to be deducted above-the-line to arrive at adjusted gross income (AGI). These deductions are now noted in Schedule 1 of the new form...
We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
The federal tax law allows certain items to be deducted above-the-line to arrive at adjusted gross income (AGI). These deductions are now noted in Schedule 1 of the new form...
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...
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...
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...
So what is fair market value (FMV)? According to the IRS, it’s the price that property would sell for on the open market. This is the price that would be...
Please use the form to contact us regarding your questions and tax issues. Please do not send confidential information using this form.