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This year, there appears to be a lot of confusion surrounding individual tax payments and 2018 tax reform. This isn’t uncommon. Every year that a new president takes office, there are major changes to the tax code. With the Tax Cuts and Jobs Act, that confusion seems to be compounded. Clients have shown up without [...]

TAX DEADLINE RAPIDLY APPROACHING The deadline of April 15 for filing and paying your federal income taxes is rapidly approaching. If you have not yet done so, you should be gathering and organizing your documents for your return preparer. Don’t wait until the last minute --- you might miss something important. Also, if you expect [...]

With the new tax bill signed into law, you may be wondering how this will impact your tax returns. While some employees have already seen changes in their pay check, the new law will not affect the tax returns you file this year. Nevertheless, with Tax Day coming up on April 17, there some important [...]

During the past few months, the news has inundated with the Trump tax reform and what it could mean for you. Taxes, in general, are confusing. Add the new laws, and your head is probably spinning. But nearly all of the clauses in the Trump tax reform bill are not effective until January 1, 2018, meaning they will [...]

Filing Your Tax Return - 2018 Tax Year I know we are just coming out of the holiday season, and you probably don’t want to think about taxes already. After all, you have until April 16 to figure out what you are going to do to meet the April 17, 2018, deadline for filing your [...]

If you have questions about a Trump tax plan loophole, you should contact an experienced attorney from Sodowsky Law Firm. We can guide you through an array of IRS tax problems and help you understand your rights under the law. Call us today at (703) 436-1176 How the Trump Tax Plan Loophole May Impact You There has been a [...]

Many of us make resolutions as part of our New Year routine. We may resolve to exercise more, to lose weight, to get organized, to stop procrastinating. Well, I am going to discuss getting organized to make your tax life easier and, perhaps, a little less stressful. You can find any number of methods for [...]

The Trump tax plan was signed into law on December 22, 2017. Depending on your circumstances, you might experience significant changes to your tax rates and deductions. However, at more than 500 pages of dense, technical language, most Americans cannot read and interpret the Trump tax plan. Thankfully, the tax lawyers at Sodowsky Law Firm are here [...]

This is the time of year when families get together, exchange gifts, travel, celebrate the birth of Christ, shop, watch football, and generally eat more than they should, not necessarily in that order. Many financial advisors will tell you this is also the time of year when many people wreck their finances by overspending. And, [...]

This is the time of year when families get together, exchange gifts, travel, celebrate the birth of Christ, shop, watch football, and generally eat more than they should, not necessarily in that order. Many financial advisors will tell you this is also the time of year when many people wreck their finances by overspending. And, [...]

Many of us had plans for all that we were going to accomplish in 2017. Here we are, already in November. In just few short weeks, we’ll be celebrating the upcoming new year, 2018. Where has 2017 gone? How are we going to get everything done? If we can’t get everything done, are there one [...]

Good News! Tax Amnesty for Virginia Residents If you owe Virginia back taxes, tune-in for the upcoming Tax Amnesty Program 2017. The Virginia General Assembly recently enacted provisions approving a tax amnesty program. However, the Virginia Department of Taxation has not yet announced the full details nor the relevant dates. Based upon the past two [...]

Howard Stern and the IRS Sued --- Together? This strange brew of co-defendants began when an IRS agent called into The Howard Stern Show but was put on hold by a producer. While on hold, the agent took a taxpayer’s call on a different line. That taxpayer was Judith Barrigas who ended up suing the [...]

During the summer, you may not think about doing your taxes, but maybe you should. Some of the expenses you’ve paid over the past few months might qualify for money-saving tax credits or deductions come tax time. If you organize your tax records now, you’ll make tax filing easier and faster when you do them [...]