An Update on Filing Date Delays

The GOOD NEWS is we didn't fall off the "fiscal cliff". The BAD NEWS is that filing delays are in the 2012 tax season forecast! The IRS has informed the professional tax preparer community that the earliest filing date for 2012 is January 30…

'Tis the Season of Giving - tax tips for year end giving and receiving

  The Season of Giving                Tax Tips for Charitable Giving Tax Deductible Contributions Contribute to Qualified Charities.  In 2011, the IRS increased their efforts to bring non-profits into compliance…

Designate your Housing exclusion amount for 2014

  Now is the time to secure your maximum tax benefit in 2014! Your church board or (denominational governing body or pension board for retired ministers) should adopt a parsonage or housing allowance for you in writing, and before the…

Take a LISTEN to this!

Now that the April 17 filing deadline tomorrow, we can all take a collective "whew!" and take a few moments to laugh a little. While driving yesterday, I heard this hilarious "Tax DJ" story on my Public Radio station, WFDD 88.5.  As a tax professional,…

Getting organized and looking forward

The beautiful, blessed, and busy Christmas season is now behind us and we move forward through season of Epiphany. People of faith recognize Epiphany as a festival in commemoration of Christ's birth; others understand "epiphany" to mean a sudden…

Virginia Earthquake casualty losses

Victims of the Virginia earthquake on August 23, 2011 may be eligible to receive tax relief on casualty losses due to the earthquake. President Obama has declared the counties of Culpeper, Fluvanna, Goochland, Louisa, Orange, Spotsylvania, and…