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.

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.

Filing taxes on time is of utmost importance.  Both companies and individuals with connections to the United States are generally expected to file annual tax returns, even if they do not believe they owe any money to the IRS.  Unfortunately, the process of filing can be confusing, and the stakes are high because an error on a tax filing could lead to costly fines and penalties -- including criminal charges in some cases.

As 2016 comes to an end, it is time to start thinking about your annual income tax filing. You want to take advantage of all available deductions, find legal ways to reduce your taxes, and avoid anything that could trigger tax penalties. A Virginia tax attorney can help you to make smart choices when it comes to completing year-end tasks related to taxes.  Contact an attorney for help, as some of the actions that you should be taking are time sensitive and you do not want to lose out on chances to reduce your tax bill.

For years, Republican congressional and presidential candidates have run on a platform of repealing the Patient Protection and Affordable Care Act (PPACA), or ObamaCare as it is commonly called. With the election of Donald J. Trump, repeal of the law is within reach and Republicans have indicated that undoing the signature healthcare law is going to be a top priority within the first 100 days after President Trump takes office.