Tag: taxes

Year End Income Tax Strategy for 2015

Year End Income Tax Strategy for 2015

| November 24, 2015

Make These Moves by Year-End to Lessen Your Tax Burden By Craig Smalley Each year in December, Congress meets and decides whether to extend certain tax provisions, but only for one year. They make the changes retroactive, and they expire at the end of the year that they are made. This process can make tax […]

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How Affordable Care Act Rules Affect Your Taxes

How Affordable Care Act Rules Affect Your Taxes

| January 16, 2015

If you are one of the millions of people who bought health care through a health insurance exchange, filing your tax return may require more effort this year: This is the first time taxpayers will have to report their health care status on their tax returns. The vast majority of taxpayers will simply have to […]

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Outwitting The NIIT: 12 Ways To Avoid The New Net Investment Income Tax

Outwitting The NIIT: 12 Ways To Avoid The New Net Investment Income Tax

| June 26, 2014

For some high-income taxpayers writing a check to Uncle Sam was particularly painful this past tax season, and not for the most obvious reason–the 2013 increase in the top income tax rates. Instead these folks were bitten by the new Net Investment Income Tax (NIIT), a maddeningly complicated extra 3.8% levy on certain investment income. […]

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What’s New In Taxes For Your 2013 Return?

What’s New In Taxes For Your 2013 Return?

| December 20, 2013 | 0 Comments

What’s New Our tax experts at M J Mortensen Assoc have listed some of the important tax changes that took effect in 2013. For the latest information about the tax law topics covered in this article please call Janie Mortensen or John McKusker at (703) 641-8302 or email Janie@mjmortensen.com or John@mjmortensen.com Additional Medicare Tax. Beginning in […]

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File and Pay Virginia Withholding Tax Electronically

File and Pay Virginia Withholding Tax Electronically

| September 11, 2013 | 0 Comments

Employers who file and pay withholding in Virginia are now required to do so electronically.  This short video shows you three free and secure options — eForms, Business iFile and Web Upload — for filing via the Department of Taxation’s website, www.tax.virginia.gov.  Check out the choices and choose the one that works best for you […]

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New Virginia Sales Tax Starting in July!

New Virginia Sales Tax Starting in July!

| August 20, 2013 | 0 Comments

2013 Virginia General Assembly, increases sales and use tax rates on July 1. There are two separate increases – one that affects the entire state, and a second one that affects only certain localities in Northern Virginia and Hampton Roads. Here’s a video explaining it all! 

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