The IRS has announced new contribution limits for retirement accounts, effective this year. Before you make any 2019 contributions to an IRA, 401(k), or another tax-advantaged account, be sure to go …
New Bill Gives Virginia Taxpayers Significant Tax Breaks
Legal changes resulting from the Tax Cuts and Jobs Act of 2017 meant that Virginia taxpayers were expecting their tax liability to increase for 2018, at least on state taxes. …
DC Issues New Rules for Tax-Exempt Status
If you have a tax-exempt organization in the District of Columbia, changes are coming your way in 2019. Effective January 1st, the Office of Tax and Revenue (OTR) now requires …
Richard Barsky, CPA Joins Glass Jacobson Financial Group
Richard Barsky, CPA has merged his firm Whelan Barsky & Associates with Glass Jacobson, joining the group’s Rockville team as a principal. Richard specializes in tax and business consulting matters …
Should I Make My Rental Real Estate Property an LLC?
If you have a rental property and you’re wondering what legal structure it should have, you should consider the Limited Liability Company. While an LLC isn’t a perfect fit for …
How the New Tax Law Will Impact Your 2018 Taxes
As usual, the New Year starts with getting ready for tax season. This year there are drastic changes in the way federal income taxes are calculated – thanks to the …
