by Jessica Diaz | Sep 23, 2020 | Uncategorized
Every year the IRS issues millions of tax bills for items of income not reported on tax returns. For example, if a taxpayer received a pension distribution during the year, but did not report the distribution as income, the IRS sends a bill for the taxes on the...
by Jessica Diaz | Sep 8, 2020 | Uncategorized
Last tax season more than a million taxpayers got nasty surprises when filing their income tax returns. In prior years, they received small refunds or owed just a little. However, due to changes in the tax withholding tables, many owed $10K or more. Tax planning can...
by Jessica Diaz | Aug 19, 2020 | Uncategorized
While many parts of the economy have seen a massive slow-down because of the Coronavirus pandemic, the Washington, DC-area real estate market has hardly faltered. If you are a local real estate agent, chances are you are busier than ever. Don’t let your busy routine...
by Jessica Diaz | Aug 5, 2020 | Uncategorized
Many times each year, clients ask us if they should file separately from their spouses to pay less in income taxes. To define this issue a bit, married couples can file their tax returns using one of two statuses: Married filing jointly or Married filing separately....
by Jessica Diaz | Jul 12, 2019 | Uncategorized
Here’s Something to Think About To answer this question, we should first ask, “What is an S corporation?” An S corporation is a company, that is organized as a corporation or limited liability company (LLC), and elects S corporation status with the IRS by filing...
