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CPA Firm in Northern Virginia l Tax Services l Accounting > Tax Blog

Tax Blog

Tax Breaks for Your Vacation Home

December 20, 2022 pwsbuilder Tax Preparation Services Comments Off on Tax Breaks for Your Vacation Home

Summer rentals have been stronger than they have been in years, and purchases of vacation homes are on the rise after years of a housing slump. It’s […]

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The Tax Benefits of Owning a Home

November 20, 2022 Assel Ibrayeva Tax Advisory Comments Off on The Tax Benefits of Owning a Home
Tax Benefits of Owning a Home, Buying a Home, Tax Professional near me Northern Virginia
One of the main reasons people purchase a home is the psychological satisfaction in owning a home. Not only can owning a home be rewarding in its [...]
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Facts on IRS Penalties

November 20, 2022 Assel Ibrayeva Tax Advisory Comments Off on Facts on IRS Penalties
IRS Penalties, Avoid failure-to-file and failure-to pay penalties

When it comes to filing a tax return – or not filing one – the IRS can assess a penalty if you fail to file, fail to […]

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Tips to Ease Tax Time for Military

October 2, 2022 Assel Ibrayeva Tax Advisory, Tax Preparation Services Comments Off on Tips to Ease Tax Time for Military
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Military personnel have some unique duties, expenses and transitions. Some special tax benefits may apply when moving to a new base, traveling to a duty station, returning […]

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Educational Tax Credits for Taxpayers That Help Pay Higher Education Costs

June 17, 2022 Assel Ibrayeva Tax Preparation Services Comments Off on Educational Tax Credits for Taxpayers That Help Pay Higher Education Costs
Educational Tax Credits Help Pay Higher Education Costs, Tax Professional Dumfries Virginia
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

April 20, 2022 Assel Ibrayeva Tax Preparation Services Comments Off on Tips About Rental Income and Expenses
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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 […]

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Comparison of various form of entities when starting new business

January 18, 2022 Assel Ibrayeva Tax Advisory Comments Off on Comparison of various form of entities when starting new business
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Entity types Before starting a new business, there are numerous decisions to be made. One of the first decisions is deciding the legal form in which you […]

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IRS Opens Address Change Portal for Advance CTC Payments – Did You Know?

August 30, 2021 admin Tax Advisory, Tax Law Updates Comments Off on IRS Opens Address Change Portal for Advance CTC Payments – Did You Know?
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IRS Opens Address Change Portal for Advance CTC Payments – Did You Know? The IRS recently added a new address change feature to the 2021 Child Tax […]

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Tracking Tips – Did You Know?

August 24, 2021 admin Tax Advisory, Tax Preparation Services Comments Off on Tracking Tips – Did You Know?
IRS Tracking-Tips-Did-You-Know

Tracking Tips – Did You Know? For those that work in summer or other jobs that include tipping, the IRS recommends keeping a tips diary so that […]

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Earned Income Tax Credit: Changes for 2020 Tax Year

June 19, 2021 admin Tax Law Updates, Tax Preparation Services Comments Off on Earned Income Tax Credit: Changes for 2020 Tax Year
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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 […]

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What To Expect From IRS Cryptocurrency Audit

April 6, 2021 admin Tax Advisory, Tax Law Updates, Tax Preparation Services Comments Off on What To Expect From IRS Cryptocurrency Audit
What-To-Expect-From--IRS-Cryptocurrency-Audit, CPA Northern Virginia

IRS and Cryptocurrency Audits The IRS is focusing on cryptocurrency transactions in its audits. As a general rule, an audit will be conducted by an IRS auditor […]

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How to request a copy of your previous year tax return

March 16, 2021 admin Tax Preparation Services Comments Off on How to request a copy of your previous year tax return
How-to-request-a-copy-of-your-previous-year-tax-return

How to request a copy of your previous year tax return Here’s how people can request a copy their previous tax return Taxpayers who didn’t save a […]

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Advanced CTC Non-filer Sign-Up Tool

January 27, 2021 admin Tax Law Updates, Tax Preparation Services Comments Off on Advanced CTC Non-filer Sign-Up Tool
Advanced-CTC-Non-filer-Sign-Up-Tool-blog

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) […]

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Economic impact payments: What you need to know Tax Preparation Services Tax refund

March 31, 2020 admin Tax Advisory, Tax Law Updates, Tax Preparation Services Comments Off on Economic impact payments: What you need to know Tax Preparation Services Tax refund
Taxpayer-Refund-Advances-blog

Stimulus Payments 2020 Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON – The Treasury Department and the […]

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