Posted in News on March 29, 2019
For U.S. taxpayers who own multiple businesses, they must be wary of commingling expenses between the businesses. If one company is used to pay the other’s expenses, the tax consequences could be severe. This point is demonstrated by the recent IRS case of Key Carpets v. Commissioner.
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Posted in News on February 28, 2019
You might have big dreams of hitting the big progressive slot machine jackpot in Las Vegas. Maybe you are a whiz at Texas Hold ‘Em and just know that it is only a matter of time until you make it to the final table of the World Series of Poker. Perhaps blackjack is your game and you are doubling down on your chances of taking your 21 winnings and retiring someday.
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Posted in News on January 31, 2019
One of the most important decisions a Virginia business owner must make is what type of business structure he or she wants to establish.
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Posted in News on December 31, 2018
Pretty much everyone knows that Federal Tax Day – the deadline for filing the previous year’s Internal Revenue Service personal income tax return – is April 15. If you are a Virginia taxpayer, you probably know that the state tax-filing deadline is May 1.
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Posted in News on November 30, 2018
If you own a business, you could be at risk of providing an instrument for money laundering. This is especially true if you operate a business where cash transactions are a normal part of day-to-day business operations.
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