Tax Planning

Find articles on last-minute tax breaks, rules for charitable giving, smart ways to spend your tax refund and more.  
Surviving an IRS Audit
Most of us file and pay our taxes each year, and that’s the only time we’ll have any interaction with the U.S. Internal Revenue Service (IRS). However, statistics from the U.S. Treasury Inspector General for Tax Administration (TIGTA)...
Safeguarding Your Tax Records
Safeguarding Your Tax Records There are many reasons to be sure that your tax and other financial records are safe and available when you need them. At this time of year, as you prepare and file your tax return, it’s important to have easy...
Seven Smart Tips for Last-Minute Filers
Seven Smart Tips for Last-Minute Filers In the wake of the fiscal cliff negotiations, the U.S. Internal Revenue Service (IRS) delayed the start of tax filing season until Jan. 30 of this year. Some taxpayers faced further delays in filing,...
How Did the Fiscal Cliff Deal Affect Your Taxes?
How Did the Fiscal Cliff Deal Affect Your Taxes? Remember all the talk about the impending fiscal cliff a couple of months ago? The fiscal cliff problems involved a list of expiring tax issues and congressionally mandated spending cuts.  The...
New Tax Rules for Your Small Business
New Tax Rules for Your Small Business The American Taxpayer Relief Act of 2012 (ATRA) resolved most of the tax issues included in last year’s fiscal cliff debate and answered many pending tax questions for small businesses. What impact did...
Getting Organized for Tax Season
Are you one of those taxpayers who is surrounded by a mound of receipts, bank statements, cancelled checks, and aspirin on the night before your income tax returns are due? Fear not. There are some simple steps you can take now to get yourself...
All About Audits
Few words in the English language set off alarm bells like the word “audit.” The good news is there are ways to reduce the likelihood the U.S. Internal Revenue Service (IRS) will tag you for an audit. But if a letter from the IRS does...
Do You Need a CPA?
It’s becoming more common for taxpayers to file their own taxes, but are you sure you’re minimizing what you owe and maximizing what you keep in your pocket? Most of the time, filing your taxes isn’t a complicated process, b ut...
Dealing With Tax Filing and Payment Problems
Dealing with Tax Filing and Payment Problems Tax season is just around the corner. Few people look forward to it, but those who are concerned they may owe taxes approach this time with particular apprehension. The Virginia Society of Certified...
Preparing for Next Year's Tax Season
Preparing for Next Year’s Tax Season Now is the time of year when people begin to think about peace, generosity — and taxes? While it may seem to be much too early to worry about filing your tax return, the end of the year is a great...

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