Richmond VA Accounting Services Blog | Rue & Associates



What to Keep After Filing Taxes?

You want to hold on to your tax return and supporting documentation for at least three years. In a few specific situations, some documents will need to be kept even longer. Three years. You typically want to keep your tax returns …

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The Top Tax Scams to Watch Out For

Tax Day is fast approaching. There are only a few weeks left to file returns before April 15. But in the rush to file your taxes, be sure you don’t fall victim to a tax scam. The Internal Revenue service …

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Tax Consequences of Having a Side Business

When it comes to stretching your budget, working a side job is an effective way to ensure you’re earning enough to cover your expenses. But this can carry repercussions for your taxes. Freelancers should prepare for the very real tax …

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Tax Rules You Should to Know When You Receive or Give Cash

Whether you prefer to gift or receive money from loved ones or earn money from a patchwork of different projects, reporting those payments at tax time can be tricky. What’s more, cash gifts are subject to their own regulations and tax rates. …

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Tax Deductions That Are Disappearing This Year

This tax filing season taxpayers are poised to experience the impact of the Tax Cuts and Jobs Act of 2017, which eliminated beneficial deductions and credits. Pushed as the largest tax overhaul in 30 years, the law could be a …

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