June 11, 2024

IRS reminder: June 17 estimated tax payment deadline fast approaching

The Internal Revenue Service today reminded taxpayers whose income is not subject to withholding that the second quarter estimated tax payment deadline is June 17. Read […]
June 6, 2024

Hobby or business: What people need to know if they have a side hustle

Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit […]
June 4, 2024

Taxpayers can appeal a rejected offer in compromise

If the IRS rejects an offer in compromise, taxpayers have 30 days from the date on the rejection letter to request an appeal of that decision. […]
May 31, 2024

IRS makes Direct File a permanent option to file federal tax returns; expanded access for more taxpayers planned for the 2025 filing season

Following a successful filing season pilot and feedback from a variety of partners, the Internal Revenue Service announced today that it will make Direct File a […]
May 30, 2024

Summer activities that could affect people’s tax returns next year

While summer is a time for fun, it’s never the wrong time to be thinking about taxes – and some of those summer activities could have […]
May 29, 2024

IRS: U.S. taxpayers living and working abroad face June 17 deadline to file their 2023 tax returns

The Internal Revenue Service reminds taxpayers living and working outside the United States to file their 2023 federal income tax return by Monday, June 17. Read […]
May 23, 2024

Memorial Day 2024

To our valued clients, Our office will be closed on Monday, May 27th, to celebrate Memorial Day. For urgent questions, please email us at info@wpvcpa.com. Office […]
May 21, 2024

Tax benefits for homeowners

Whether someone is a current homeowner or buying a new home this summer owning a home can be expensive. There are tax benefits that can help […]
May 20, 2024

IRS provides guidance for the Domestic Content Bonus Credit

The Department of Treasury and the Internal Revenue Service today released Notice 2024-41PDF to modify an existing safe harbor and to provide a new elective safe […]