While you are required to file your taxes by April each year, sometimes taxpayers need to make changes to the original tax returns that they have filed. In these circumstances, filing an amended return could become necessary.

If you missed the tax deadline, it is important that you act as quickly as possible to file your tax forms. The penalties can be much more serious for not filing at all than for filing but failing to pay your taxes, so you shouldn't hesitate to submit your tax forms for the 2018 year.

The chief of the IRS Criminal Investigation Division (IRS-CI) spoke recently to a group of tax professionals at an event hosted by the American Bar Association.  Chief Don Fort told the tax attorneys who he was speaking to that the IRS now has two new enforcement units that are operational and that are working behind the scenes to analyze data to identify patterns and find taxpayers who are evading their U.S. tax obligations.

When you are in the 25 percent tax bracket, this does not mean that you have to pay taxes on 25 percent of your total income that you earned.

As a taxpayer, it's important that you take full advantage of any tax cuts that you are eligible for. A Virginia tax attorney can help you to take advantage of tax breaks so you can save as much as possible on your taxes.