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5977 Jan Mar Drive
Falls Church, VA 22041

Terry L. Jones, CPA, LLC

703-671-7050

 

Newsletters

Who Can Represent You Before the IRS?

Monday, January 18, 2016

Many people use a tax professional to prepare their taxes. Tax professionals with an IRS Preparer Tax Identification Number (PTIN) can prepare a return for a fee. 

The Individual Shared Responsibility Provision – The Basics

Monday, January 18, 2016

The individual shared responsibility provision requires that you and each member of your family have qualifying health insurance, a health coverage exemption, or make a payment for any months without coverage 

What Should You Bring to Have Your Tax Return Prepared ?

Wednesday, January 13, 2016

Once again tax season is right around the corner. Here is a reminder list of what to bring to an appointment to have your taxes prepared.

A New Bill Has Passed with Important Changes for Individuals and Small Businesses

Tuesday, January 5, 2016

The Protecting Americans from Tax Hikes Act of 2015 has Extended and Made Permanent Many Tax Credits and Deductions.

Treasury and the IRS Announce Extension of 2016 Due Dates for 1095-C and Others

Wednesday, December 30, 2015

This notice extends by two months the February 1 due date for employers and issuers to provide individuals with forms reporting on offers of health coverage and coverage provided.  The February 29 and March 31 deadlines for reporting this information to the IRS (by paper or electronically, respectively) are extended by three months. 

2016 Tax Season Opens January 19 for Nation’s Taxpayers and Ends on April 18

Tuesday, December 22, 2015

Following a review of the tax extenders legislation signed into law last week, the Internal Revenue Service announced today that the nation’s tax season will begin as scheduled on Tuesday, Jan. 19, 2016.

2016 Standard Mileage Rates for Business, Medical and Moving Announced

Friday, December 18, 2015

The rate for business use of a car, van, pickup truck, or panel truck has decreased from 57.5 cents per mile in 2015 to 54 cents per mile in 2016. 

IRS Tips to Help People Pay Their Taxes

Friday, December 11, 2015

Hidden in the recent Highway Bill from Congress is a requirement for the IRS to use private debt collectors in certain circumstances. It will be a while before this takes place so here are timely tips from the IRS on various options with delinquent tax bills.

For Small Businesses: IRS Raises Expensing Threshold to $2,500

Wednesday, November 25, 2015

The Internal Revenue Service simplified the paperwork and recordkeeping requirements for small businesses by raising from $500 to $2,500 the threshold for deducting certain capital items.

Tips for Business Emails

Tuesday, November 17, 2015

A recent search of the internet found many articles on tips and etiquette for business emails. Here are some of the common points.