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Category: News - Page 25

The 401(k) Contribution Limit

News

Posted in on October 13, 2017

A Virginia tax lawyer can provide you with advice on taking advantage of tax breaks that will help you to reduce the amount that you owe the government each year. One of the best tax breaks that you can make use of to reduce your tax liability is the deduction for 401(k) contributions.

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OVDP Streamlined Submissions

News

Posted in on September 19, 2017

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7 Things to Do Now to Save on Taxes

News

Posted in 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.

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

News

Posted in 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.

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What are the Odds of an IRS Audit?

News

Posted in 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.

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