by Admin | Mar 26, 2021 | Individual Taxes
Virginia’s Governor has directed the Department of Taxation to extend the individual income tax filing and payment deadline in Virginia to Monday, May 17, 2021. This extension aligns with the recent extension by the IRS to the same date.
by Admin | Mar 17, 2021 | Individual Taxes
The Treasury Department and the Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will automatically be extended from April 15, 2021 to May 17, 2021. Individual taxpayers can also postpone...
by Admin | Mar 15, 2021 | Individual Taxes
As tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to overlooked tax credits and benefits. Of course, not everything can be included since the tax law has grown significantly in complexity, and it would...
by Admin | Mar 11, 2021 | Individual Taxes, Tax Scams
As if this past year with all of its pandemic perils has not been stressful enough, the Office of the Inspector General for the Department of Labor has just added to our anxieties by announcing that at least at least $36 billion and possibly as much as $63 billion has...
by Admin | Mar 9, 2021 | Individual Taxes
Filing status is determined on the last day of the year and most often is based on marital status. The two most prevalent are as follows: Single – Unmarried individuals without dependents.Married Taxpayers Filing Jointly (MFJ) – The couple combines their incomes,...
by Admin | Feb 23, 2021 | Business Taxes, Individual Taxes
March 10 – Report Tips to EmployerIf you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later than March 10.Your employer is required to withhold FICA...
