Scammers are always on the hunt for new ways to trick unsuspecting individuals out of their money or personal information. They are getting more and more sophisticated and the tools they use look and sound very authentic. But with a little awareness and some simple precautions, you can stay a step ahead. Here are a...Read More
Virginia’s General Assembly convened recently, passing hundreds of bills that will head to Governor Youngkin’s desk to be either approved or vetoed by March 24. Among the notable items that could affect you are the following: • A budget package that includes one-time bonuses for state employees, teachers, and other public-school employees and tax cuts...Read More
Tax season is here! Remember to get organized and prepare for filing your return. Here’s some things you need to know to make the process smooth and stress-free: ✅Gather Your Documents – Ensure you have W-2s, 1099s, receipts for deductions, and any other relevant paperwork. ✅ Know Your Deadlines – The IRS filing deadline is April 15, 2025. If...Read More
The SECURE 2.0 Act, passed as part of an omnibus spending bill in December 2022, added new exceptions to the 10% federal income tax penalty for early withdrawals from tax-advantaged retirement accounts. Withdrawals covered by these exceptions can be repaid within three years to an eligible retirement plan.Read More
The National Taxpayer Advocate Service (TAS) is an independent organization within the IRS. TAS helps taxpayers resolve problems with the IRS, makes administrative and legislative recommendations to prevent or correct the problems, and protects taxpayer rights. TAS is required to provide an Annual Report to Congress in January of each year and a follow-up Objective Report in...Read More
