Military families in the DMV region (DC, Maryland, Virginia) face unique challenges at tax time — from PCS moves to combat pay exclusions to navigating joint filings […]
Military Tax Tips for Service Members in the DMV
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Vacation Home Tax Breaks: A Virginia CPA’s Guide
Summer rentals have been stronger than ever, and purchases of vacation homes are on the rise. If you own a vacation property in Virginia Beach, Lake Anna, […]
Educational Tax Credits for Taxpayers That Help Pay Higher Education Costs
The American Opportunity Credit and the Lifetime Learning Credit may help you pay for the costs of higher education. If you pay tuition and fees for yourself, [...]
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Tips About Rental Income and Expenses
Do you have a rental rental property that you rent property to others? If so, you’ll want to read the following seven tips about rental income and […]
Tracking Tips income – Did You Know?
Tracking Tips Income: What Service Workers Need to Know If you work in restaurants, salons, hospitality, or any job that includes tipping, it’s important to understand how [...]
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Earned Income Tax Credit: Changes for 2020 Tax Year
The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. In 2019, the average amount of this credit was $2,476. It not only […]
What To Expect From IRS Cryptocurrency Audit
What To Expect From an IRS Cryptocurrency Audit — And How to Avoid One Cryptocurrency Audits are becoming a growing priority for the IRS as digital assets [...]
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How to request a copy of your previous year tax return
How to request a copy of your previous year tax return Northern Virginia CPA Guide Introduction: If you’ve misplaced your tax return or need it for loan […]
Advanced Child Tax Credit CTC Non-filer Sign-Up Tool
The IRS has released a tool designed to help eligible families who don’t normally file tax returns to register for the monthly advance child tax credit (CTC) […]
Economic impact payments: What you need to know
The IRS and Treasury launched Economic Impact Payments (EIPs) in 2020 to provide relief during the pandemic. While these stimulus payments have ended, taxpayers who never received [...]
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