Posts Tagged ‘Tax’

  Many of our clients who are philanthropically inclined ask us how they can positively impact the lives of young Virginians seeking access to quality private school education. The Education Improvement Scholarships Tax Credit (EISTC) program, signed into law in 2012, provides funding for underprivileged and working-class students through the form of scholarships while giving…

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was introduced in response to the COVID-19 pandemic and signed into law on March 27, 2020. This new legislation contains important tax law changes that affect many of our clients. Below is a summary of these changes and how they may impact you for the 2019…

The Tax Cuts and Jobs Act legislation was signed into law on December 22, 2017. The Act makes extensive changes that affect both individuals and businesses. Some key provisions of the Act are discussed below. Most provisions are effective for 2018. Many individual tax provisions sunset and revert to pre-existing law after 2025; the corporate…

DON’T BE A VICTIM: WATCH OUT FOR IRS TAX SCAMS In recent years many Americans have fallen victim to tax scams and bogus Internal Revenue Service (IRS) communications through calls, e-mails, and regular mail. We put together this brief guide on what to look for, and steps you can take to protect yourself. INITIAL COMMUNICATIONS:…