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How Self-Employment Tax Works: A Refresher Guide
Self-employment tax is 15.3%, paid quarterly. Learn what to expect & consult a VAAS Tax Professional to manage taxes.
Jan 9
Understanding Taxes on Real Estate Gains
Selling real estate? You may owe up to 25% in taxes, plus 3.8% NIIT. Rules are complex—contact us with questions and we'll guide you!
Oct 14, 2024
Can Homeowners Deduct Seller-Paid Points as the Real Estate Market Improves?
Lower mortgage rates are exciting, and if you've recently bought a home, you might be able to deduct seller-paid mortgage points!
Oct 3, 2024
2024 Q4 Tax Calendar: Key Deadlines for Businesses
Key tax deadlines for employers in Q4 2024. Ensure timely filings and payments. Contact our team for more details.
Sep 26, 2024
The Tax Implications of Disability Income Benefits
Do you rely on disability income, or know someone who does? Here's what you need to know about how that income is taxed.
Sep 6, 2024
Owe in Estimated Taxes? What’s Next for You
Owe in federal taxes? The third installment for 2024 is due on Monday, September 16. Contact us to make a plan to pay.
Aug 26, 2024
Available Tax Breaks when Caring for an Elderly Relative
Caring for an elderly relative brings many personal rewards, and you might also be eligible for tax breaks. Here are four to consider.
Aug 13, 2024
Planning your Estate? Consider these Strategies to Save in Future Taxes
With the high federal estate tax exemption for 2024, many people aren't worried about estate taxes. However, you might want to reconsider.
Aug 12, 2024
The Tax Consequences of Selling Mutual Funds
Investing in mutual funds is popular, but selling shares can lead to complex tax issues. Here are the rules you need to know.
Aug 7, 2024
Getting Divorced? Don’t Get Blindsided by These 6 Key Tax Issues
Getting a divorce can be a difficult & painful process. Avoid adding financial stress to the situation by understanding 6 key tax issues.
Aug 5, 2024
What to Expect as the Tax Cuts and Jobs Act (TCJA) Provisions are Scheduled to Expire
On December 31, 2025, the TCJA and other tax provisions are set to expire. Here are 4 possible outcomes to prepare for.
Aug 1, 2024
2024 Q3 Tax Calendar: Key Deadlines for Businesses
Here are some important tax-related deadlines for businesses and employers in the third quarter of 2024.
Jul 22, 2024
Social Security Taxes – What We Can Expect in the Future
As inflation continues to rise, so will your Social Security taxes. Taxpayers should anticipate increases but the exact extent is uncertain.
Jul 18, 2024
Save on Taxes Accrued from Selling Appreciated Land in 3 Steps
Thinking of selling a piece of land that has appreciated over the years? Expect a tax bill that could amount to 24% of your sale, or lower.
Jul 11, 2024
Selling an Appreciated Vacation Home - Tax Scenarios
Owning a home that has increased in value is typically beneficial. However, the federal income taxes owed from the sale can be complex.
Jul 2, 2024
Things to Consider when Bringing On A New Business Partner
Adding a new partner to a partnership involves multiple financial and legal considerations. Learn how to avoid the obstacles.
Jun 24, 2024
The Sneaky Stealth Tax on Social Security Benefits
My social security benefits should be free from federal income taxes, right? Not exactly. Take a look at 3 stealth tax scenarios .
Jun 18, 2024
Partnership Related Expenses: When are Partners Expected to Incur the Expenses?
Typically, partners are not personally liable for partnership-related expenses, but there are exceptions to this rule. Read More.
Jun 17, 2024
Keys to Less Painful IRS Audits - With Case Study
Thorough record-keeping and legitimate business expenditures are very important for less painful IRS audits.
Apr 17, 2024
Updates: Retirement Account Required Minimum Distributions
Here's all you'd need to know about the tax rules for a tax-favored retirement accounts.
Apr 10, 2024
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