Richmond VA Accounting Services Blog | Rue & Associates

Blog

10
Jun

Think Twice About Deferring Taxable Income Past 2020

Taking steps to defer your current individual federal income-tax bill is often a good idea, However, in today’s federal income tax environment, you could potentially have “too much” deferral. Here are the two biggest reasons why that could happen. Future …

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07
Jun

IRS Puts a 100% Penalty for Company Taxes

For anyone with employees, paying employment taxes is inevitable. The taxes are withheld from wages and are supposed to be promptly paid to the government. This is trust fund money that belongs to the government. You never want to become delinquent in paying taxes, especially employment …

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29
May

Tax Breaks for Parents

First, you can claim any child as a dependent who is younger than 19 or 24 if he or she is a full-time student or disabled. If you’re separated or divorced, only one parent can claim each child. When filing …

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17
May

The Break Down on Audits

The purpose of the audit is to determine that the tax return is substantially correct. At the end of the audit, one of three things are going to happen. Either you will owe the government money, the government will owe …

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13
May

Be Wary of Credit Repair Companies

It is almost impossible to open your email or browse online without stumbling across ads to repair your credit. Companies that promise instant and remarkable improvements to your credit cannot deliver on their word. With credit at a premium, families …

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