by Admin | Oct 5, 2021 | COVID-19, Individual Taxes
Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded to calls and correspondence in a reasonable amount of time. However, COVID-19 brought about a perfect storm of delays, initially caused by employees having to stay home because...
by Admin | Oct 1, 2021 | Individual Taxes
Married taxpayers have two options when filing their 1040 or 1040-SR tax returns. The first and most frequently used filing status is married filing joint (MFJ), where the incomes and allowable expenses of both spouses are combined and reported on one tax return. The...
by Admin | Sep 28, 2021 | Individual Taxes
Following an amendment to legislation approved by the Virginia General Assembly, some taxpayers may now be affected by a new requirement for certain tax payments. Effective for taxable years beginning on or after January 1, 2021, taxpayers who make estimated tax...
by Admin | Sep 28, 2021 | Individual Taxes, Retirement
Whether your Social Security benefits are taxable (and, if so, the amount that is taxed) depends on a number of issues. The following facts will help you understand the taxability of your Social Security benefits. For this discussion, the term “Social Security...
by Admin | Sep 21, 2021 | Individual Taxes, Tax Scams
The IRS has long been a bogeyman for the American public, and there’s good reason for that. They have the unique ability to do what few other creditors can: taking your home and selling it out from under you. Still, despite its remarkable powers, fear has created...
by Admin | Sep 17, 2021 | Individual Taxes
The House Ways and Means Committee has released an extensive list of proposed tax changes that impact individual, retirement, international and corporate tax law. We have been selective and have only included a portion of the proposed changes. A full list of proposed...
