Capital Gains Tax

Almost everything you own is classified as a capital asset by the Internal Revenue Service (IRS). This includes your home, your car, your furniture, a ... read more
Featured Articles
Recent Articles
2010 Budget and Retaining Federal Estate Tax
At the end of April, the House and Senate each approved a Fiscal 2010 Budget Resolution which calls for extending the federal estate tax into 2010. Under Bush-era tax legislation enacted in 2001, the estate tax was due to disappear at the stroke of midnight on January 1, 2010. According to a press release ... Read more

Federal Estate Tax May Be Here to Stay
Remember Benjamin Franklin's brilliant and insightful saying, "In this world nothing is certain but death and taxes?" Estate taxes bring those two certainties together. For the past decade or so, federal estate taxes have been less burdensome, and there's even a tax-free year scheduled. Congress, though, ... Read more

Get Your Hands on Energy Stimulus Funds
Congress passed the American Recovery and Reinvestment Act of 2009 (also known as the "Stimulus Act") to pump $787 billion back into the nation's failing economy. A chunk of that money, $16.8 billion, was allotted to the US Department of Energy (DOE) to increase energy efficiency and decrease dependence ... Read more

Congratulations, You Just Won a Jackpot! Now Pay Up!
When you play the lottery, mostly you think about the the cash you'll win.  However, when you win at Powerball or another lottery, the federal and state government win as well. This is because your winning are taxable income. ... Read more

Job Changes, Your Retirement Plan and Rollovers
What happens to your retirement assets when you leave one employer for another? The answer depends upon what your current retirement plan allows and which allowable option you choose. Generally, you'll have several choices, including: Leaving your savings with your former employer Rolling over your savings ... Read more

Change Location

Get Started *Please enter a valid location.

Taxation Law Firms in Ashburn, VA 
change location


Swipe to view more

Lawyers from our extensive network are ready to answer your question

Taxation Questions

Filter by
 


Unfortunatly, you will need to find either a good CPA who can help you work with the IRS or a good tax attorney who does tax controversy work to help. I don't do tax controversies myself; I only do ta ...Read more

The gas company's asking for a W-9 does not necessarily mean that any damages they pay you will be taxable income, no. But they will generally be required to issue a 1099 if they are going to deduct t ...Read more

Generally speaking and assuming no other issues, the IRS will generally consider offers in compromise and installment payment plans.

See more Taxation Questions

FIVE TAX TIPS YOU MUST HAVE AFTER RECEIVEING A PERSONAL INJURY SETTLEMENT

We are in a new year and tax season is just around the corner. Because of this, if you have received a personal injury settlement or award it is important that you understand all the tax ramifications ... Read more

A GIFT SPLITTING PRIMER

Caution: If you and your spouse make gifts, a gift tax return may need to be filed even if the amount is under the yearly threshold. The annual gift exclusion allows an individual to gift up to $14,00 ... Read more

Start the 2017 Tax Year Off on the Right Foot

The new year is upon us. We are a few days into 2017 and many individuals and small business owners are wondering how a new year and a new president may impact their tax planning strategies. However, ... Read more

Year End Tax Planning Strategies for Small Business

The end of 2016 is only a couple of weeks away. However, there may still be time to take action to reduce small business tax liabilities. For example, buying necessary equipment for your business by D ... Read more

IRS Tax Audit Help – Red Flags to Avoid

There are few things more frightening to a small business than an IRS tax audit. In the aim to avoid a possible audit, many small business owners are overly conservative with their tax filings; howeve ... Read more

See more  (341 Blogs on Taxation)

Need Professional Help?

Get a free Capital Gains Tax case evaluation by an attorney in your area