Erin Kidd, EA

Virginia offers Tax Amnesty Program for Certain Late Tax Return Filers and Payers

The Virginia Department of Taxation will offer an amnesty program with a period beginning on September 13, 2017 and ending on November 14, 2017. During the time frame for the amnesty program, assessments issued before June 15, 2017 are eligible and  will be considered paid in full upon payment of the full amount of the…

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Recent Tax Court Case Highlights Importance of Cost Basis for Donations

Individuals and business entities both often donate to charitable organizations.  Taxpayers may be surprised to learn that the rules are the same for both when comes to substantiation requirements and the ability to take the charitable contribution deduction.  Over the last several decades, the charitable contributions deduction has unfortunately become one of the most abused…

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2018 tax due dates

Final Regulations Update: 2018 Tax Filing Due Dates

Looking for 2020 Tax Filing Due Dates?  Click Here for the newest list. On July 18, 2017, the Internal Revenue Service issued final and temporary regulations that updated the due dates and rules for extensions of time to file for certain tax returns and information returns. These regulations are applicable for returns filed on or…

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