2022 Tax Prep, Planning & Strategy Insights

Businesses may receive notices about information returns that don’t match IRS records | accountant in harford county md | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

Businesses may receive notices about information returns that don’t match IRS records

The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that doesn’t…
Valuable gifts to charity may require an appraisal | tax preparation in hunt valley md | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

Valuable gifts to charity may require an appraisal

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply…
Once you file your tax return, consider these 3 issues | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Once you file your tax return, consider these 3 issues

The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been successfully filed with the IRS, there…
The tax rules of renting out a vacation property | accounting firm in alexandria va | WCS

Tax Prep, Planning & Strategy

The tax rules of renting out a vacation property

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it…
There still may be time to cut your tax bill with an IRA | tax accountant in washington dc | WCS CPA

Tax Prep, Planning & Strategy

There still may be time to cut your tax bill with an IRA

If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it.…
Married couples filing separate tax returns: Why would they do it? | tax accountants in washington dc | WCS

Tax Prep, Planning & Strategy

Married couples filing separate tax returns: Why would they do it?

If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In…

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