IRS audits of higher income taxpayers increase The IRS audited one in eight individuals with incomes over $1
million in fiscal year (FY) 2011. While the overall audit coverage
rate for individuals remained steady at just over one percent, the
a...
Tax gap grows to $450 billion; compliance rate holds steady The "gross tax gap," or the amount of tax owed to the U.S.
government that is not paid on time, climbed from $345 billion in
Tax Year (TY) 2001 to $450 billion in TY 2006, the IRS has
reported. (Be...
MD - Emergency status provided for green energy regulations The Maryland Joint Committee on Administrative, Executive and
Legislative Review (AELR) has granted emergency status for the
corporate and personal income tax regulations pertainin...
VA - Domestic production deduction properly allocated A taxpayer that filed a federal consolidated corporate income tax
return and a separate return for Virginia corporate income tax
purposes properly claimed the IRC §199 deduction on...
Welcome back and thank you for visiting our Website!!! Our dedication to quality client service has brought us to the Internet as we endeavor to provide the highest quality professional service and guidance. Take a look around and let us know what you think. Your feedback is extremely important to us as we strive to serve you better.
TAX RETURNS: Please make certain to schedule your tax preparation meeting with your Malvin, Riggins & Company professional as soon as possible to ensure timely filing of this year's tax return (individual returns are extended through October 15th annually). There have been significant developments over the past year, and we want to make certain you are capitalizing on every possibility to minimize your tax burden for 2011 and 2012.
Please remember, that all individual and entity income tax returns must be electronically filed by our firm, unless there is a strict exception.
We thank you so much for your continued support throughout the years, and as always, we look forward to working with you for many years to come.
Section 1031 Like-Kind Exchange Information: Our firm has now teamed up with Southeastern Title Exchange to provide intermediary services with several real estate professionals in the area. Therefore, you can take care of your like-exchange needs quickly and efficiently, and your Malvin, Riggins & Company tax professional will have all information necessary to ensure proper tax planning throughout the year on your behalf. Note that Southeastern Title Exchange is owned by the partners of our firm, but our rates are competitive in the area and your full satisfaction is always guaranteed!!!
TECHNICAL DIFFICULTIES???: Having problems with your operating system? Network seem to be crashing on a continuous basis? Do you need to upgrade or expand your existing network? We can help - our computer and networking specialist is available by appointment only. Contact our office today for help.
QUICKBOOKS PROFESSIONAL SERVICES: More and more individuals and small businesses are utilizing QuickBooks for general bookkeeping, bank account reconciliations, payroll processing and much more. While this easy-to-use software can provide you the flexibility you need, it is very easy to get caught in a web of confusion with any of these processes. Our QuickBooks specialists are here to help. Call today to set up an appointment - we'll even come to you!!!
CURRENT EVENTS AT MALVIN, RIGGINS & COMPANY
MALVIN, RIGGINS IN THE NEWS:
* We are very excited to announce our 25th Anniversary on October 2, 2011! For 25 years, we have been providing professional tax and accounting services, wealth management, and business advisory services. We are so blessed to have so many clients who have become close friends throughout the years, and we look forward to much more continued success over the next 25 years as well!
* With clients all over the nation and many around the world, we have expanded our horizons into the nothern Virginia/DC area. Because of our increased presence in this area, Malvin, Riggins & Company, P.C. opened a permanent office in Ashburn, VA on August 1, 2011 and downtown Washington, DC on August 15, 2011. We will be providing all of the same services as our Newport News headquarters and will have full-time tax and accounting professionals who will service both offices. This is a tremendous opportunity for continued growth of the firm and we are extremely excited. For information and a FREE consultation, please contact John T. Caldwell, CPA, MST at 703.723.2838 (Ashburn), 202.499.0069 (Washington, DC) or 757.881.9600 (Newport News).
* You can access our Tax Planning Guide on-line at anytime through our "Links" page. If you would like a hard copy of this guide, please e-mail us at CPAs@MalvinRiggins.com. Please telephone any of our qualified professionals before implementing any ideas presented herein. While our guide is intended to provide significant benefit to all taxpayers, every individual and business has unique circumstances that we must consider.
Please enjoy visiting our web site and all that it has to offer. Then give us a call....we're always here to assist you.