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Archive by Year:2017 - Page 2

7 Things to Do Now to Save on Taxes

Posted in News on June 30, 2017

Saving on taxes is a top goal that a Virginia tax attorney can try to help you achieve. While there are plenty of things you can do in April to try to save on your tax bill and send less money to the IRS, there's also no reason to wait for April to begin taking steps to keep your hard-earned cash in your own pocket instead of giving it to the government.  Do these seven things now to start the process of saving on your taxes. Read More

Small Businesses Like Trump's Tax Plan...But Why?

Posted in News on June 16, 2017

President Donald Trump has made several proposals for reforming the tax code within the United States. Many of the changes that President Trump made appear to be very popular among business owners. Taxes have become a top issue among entrepreneurs, and President Trump's proposal is earning accolades among many company owners as a result of some of the changes that the president is proposing to make life easier for those who operate their own business entities. Read More

What are the Odds of an IRS Audit?

Posted in News on May 31, 2017

No taxpayer wants to be audited. Aside from the hassle of having to correspond with the IRS and assemble reams of paperwork, every audit also carries a threat that you will be found to have underpaid your taxes and will thus have to pay a substantial sum in unpaid taxes, fees and penalties. Those who are audited should work with a Virginia tax lawyer so they can ensure they do everything possible to come through the audit without a tax bill, or with the minimum potential taxes owed. Read More

What is the Difference Between a Tax Credit and a Tax Deduction?

Posted in News on May 17, 2017

Doing your taxes can be very confusing because there is a lot of complicated terminology that you need to know. This is why it is a good idea to get help from a Virginia tax attorney if you want to try to reduce your tax bill, maximize your deductions, and ensure you are in full compliance with tax laws. Read More

Late Tax Filing Fees vs. Late Tax Payment Fees

Posted in News on April 28, 2017

The Internal Revenue Service expects every taxpayer to pay taxes throughout the year and to submit all taxes due by the April tax deadline. This deadline is usually April 15, but the date can vary depending upon whether the 15th falls on a weekend. For taxpayers who do not file or pay by the due date, substantial penalties may be assessed. Read More

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