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How the OBBBA’s New Rules Can Slash Your Capital Gains Tax in 2027

Posted on by UMMC

The One Big Beautiful Bill Act (OBBBA) has fundamentally reshaped the tax-advantaged investment landscape by making the Qualified Opportunity Zone (QOZ) program permanent. For taxpayers sitting on significant capital gains in 2026, the strategy for when to sell and reinvest has shifted dramatically. Under the new OBBBA rules, waiting until 2027 to reinvest can unlock far superior benefits compared to the original framework.

The 2026 “Dead Zone” vs. the OBBBA Era – For several years, the tax benefits of the original Opportunity Zone program have been phasing out. While the core benefit of tax-free growth after 10 years remains, other incentives like gain deferral are nearing a “cliff.”

Under the original rules, any capital gain reinvested into a Qualified Opportunity Fund (QOF) must be recognized for tax purposes no later than December 31, 2026. This means that if you invest a gain today in a QOF, your tax deferral lasts less than a year. Furthermore, the 10% and 15% basis step-up benefits, which reduce the amount of deferred gain you eventually pay tax on, are currently unavailable for new 2026 investments because the required holding periods cannot be met by the fixed 2026 deadline.

Why Waiting Until 2027 Matters – The OBBBA introduces a rolling five-year deferral period for investments made on or after January 1, 2027. Instead of a fixed deadline, your deferred gain is recognized on the fifth anniversary of your investment date. Additionally, these new rules restore the 10% basis step-up for everyone who holds their investment for five years.

Taxpayers realizing gains in 2026 should consider structuring sales so that the 180-day reinvestment window falls in 2027, allowing them to bypass the “dead zone” of 2026 and qualify for the vastly superior OZ 2.0 incentives.

Unpacking the OBBBA Tax Benefits – The One Big Beautiful Bill Act (OBBBA) that became law on July 4, 2025, offers a powerful three-tiered tax incentive for investors who reinvest eligible gains into QOFs starting in 2027.

  • Rolling Gain Deferral: For investments made after December 31, 2026, the OBBBA replaces the fixed 2026 recognition date with a rolling timeline. You can defer paying federal tax on your original gain until the earlier of:
    o The date you sell or exchange your QOF investment.
    o The fifth anniversary of the date you made the investment.
  • The 10% (or 30%) Basis Step-Up: If you hold your QOF investment for at least five years, you receive a permanent 10% increase in your basis. This effectively functions as a 10% discount on your original tax bill—you only pay tax on 90% of the deferred gain.
    For those who invest in the newly created Qualified Rural Opportunity Funds (QROFs), this benefit is even more significant. Rural investments receive a 30% basis step-up after five years, meaning 30% of your originally deferred capital gain becomes completely tax-free.
  • Tax-Free Appreciation (The 10-Year Rule) – The most potent benefit of the program remains: if you hold your QOF investment for at least 10 years, any appreciation on that new investment is 100% free from federal capital gains tax. This includes the elimination of depreciation recapture.

What Gains Qualify and How Much to Invest? One of the most common misconceptions about QOFs is that you must reinvest the entire sale proceeds. This is not the case.

  • Only the Gain is Required: To receive the full tax benefit, you only need to invest the taxable gain portion of your sale, not the principal (your original basis).
  • Eligible Gains: You can defer both standard capital gains and qualified Section 1231 gains (gains from the sale of depreciable property used in a trade or business). Unlike a Section 1031 exchange, which is limited to real estate, QOFs allow you to reinvest gains from the sale of stocks, bonds, businesses, art, or any other appreciated asset.
  • Section 121 gains: Even Section 121 gains (gains from the sale of a primary residence) are fully eligible for reinvestment into a Qualified Opportunity Fund, to the extent the gain exceeds the amount excluded from taxation. Thus, any gain remaining after applying the $250,000 ($500,000 for married filing joint) home gain exclusion is a qualifying gain. To qualify for the full Sec 121 gain exclusion, you must have owned and used the home as your primary residence for 2 of the 5 years counting back from the sale date.

Both short-term and long-term capital gains are eligible for reinvestment into a Qualified Opportunity Fund (QOF). The program does not distinguish between the two; essentially any gain that would be treated as a capital gain for federal income tax purposes qualifies for deferral.

Timing and the 180-Day Rule – Timing is the most critical component of QOF compliance. Generally, you have 180 days from the date of the sale that generated the gain to reinvest that gain into a QOF.

  • Pass-through Entities – For taxpayers with gains from pass-through entities (like partnerships or S corps), there is additional flexibility. These taxpayers can often choose to start their 180-day clock on:
    • The date the entity recognized the gain.
    • The last day of the entity’s tax year (typically December 31).
    • The un-extended due date of the entity’s tax return (typically March 15 of the next year for calendar year entities).

This flexibility is vital for 2026 planning. A gain realized by a partnership in early 2026 might still be eligible for QOZ investment in 2027 under the new OBBBA rules, provided the taxpayer uses the March 15 starting point for their 180-day window.

Where Are the Funds Invested? QOFs must invest at least 90% of their assets in Qualified Opportunity Zone Property, which includes:

  • QOZ Business Property: Tangible property (like real estate or equipment) used in a trade or business within a zone.
  • QOZ Stock or Partnership Interests: Equity in a business that operates primarily within a zone.

How Do Taxpayers Invest in QOFs?

  • Syndicated Funds: Invest in existing funds managed by institutional players who handle compliance, asset selection, and the “90% asset test”. Generally, this is the method used by individual taxpayers.
  • Self-Certified Funds: Create your own corporation or partnership to invest in your own project. You must file Form 8996 annually to self-certify that the entity meets the 90% asset requirement. Generally, this method would be employed by real estate developers, high-net-worth utilizing personal capital gains and similar circumstances.

Estate Planning and Other Considerations – The QOZ program is an exceptional tool for both tax and estate planning.

  • Estate Planning: While the QOZ investment does not receive a traditional “step-up in basis” at the owner’s death, the deferred gain is treated as Income in Respect of a Decedent (IRD). This means the heirs will eventually owe the tax on the original deferred gain, but they also inherit the potential for tax-free appreciation on the QOF investment itself.
  • The 30-Year Frozen Step-Up: The OBBBA caps the tax-free appreciation benefit at 30 years. For investments held longer than 30 years, the basis is “frozen” at the fair market value on the 30th anniversary of when the taxpayer made the investment. Any growth after that 30-year mark may be subject to tax.

If you are anticipating a major capital gain in 2026, the difference between an “end-of-year” sale and a “new-year” reinvestment could be worth 10% to 30% of your total tax liability. Please contact the Leesburg or Warrenton office if you have questions or would like to discuss your particular situation with a tax professional.

Do you Qualify for Sports Expenses and Deductions for Your Child?

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A child’s and their parent’s sports expenses, from registration fees and travel to equipment and volunteer time, sit at the intersection of personal, medical, charitable and business tax rules. For tax minded parents the key is sorting each cost into the correct box, documenting it carefully, and understanding the limited circumstances when a deduction or credit is available. This article walks through the major categories: possible child care treatment, charitable contributions and volunteer out of pocket expenses, medical expense exceptions, and when a child’s sport activity can be treated as a business.

As a Child Care Expense:

The child and dependent care credit (and associated employer provided dependent care benefits) is aimed at expenses that enable a parent (or parents) to work or look for work. Eligible care is generally custodial care for a qualifying individual, most commonly a child under age 13.

  • What Counts: Fees for day camps and similar custodial programs generally do qualify as dependent care expenses if the care is primarily custodial and not mainly educational. Day camps that provide supervision during work hours often meet the test. Overnight camps are not eligible.
  • What Does Not Count: Tuition for lessons, private coaching, sports camps that are primarily instructional (i.e., teaching athletic skill rather than providing care), summer school and tutoring are treated as educational and therefore do not qualify. Likewise, kindergarten or private school tuition is not eligible.

If a program combines athletic instruction and custodial care, only the portion of the cost allocable to custodial care is eligible. This requires reasonable allocation and substantiation in the event of a tax audit.

Charitable Contributions:

Donations to youth sports nonprofits and quid pro quo payments:

  • Cash donations: parents who make true gifts of money to a qualified 501(c)(3) youth sports organization can claim an itemized charitable deduction for the donated amount (subject to the usual AGI limits and substantiation rules). If the taxpayer receives a benefit in return — e.g., a ticket to a fundraiser or a uniform — only the amount that exceeds the fair market value of the benefit is deductible (a quid pro quo contribution).
  • Payments to Participate: Fees paid to register a child for a nonprofit’s program are usually payments for services (considered program fees) rather than pure charitable gifts. If the registration is essentially a payment for admission or participation, it is not a deductible charitable contribution. Where a program has a subsidized “scholarship” option or a voluntary donation component, only bona fide voluntary gifts to the nonprofit qualify.
  • Substantiation: Get the organization’s name, EIN, the amount, and contemporaneous written acknowledgement for any single donation of $250 or more. Document any benefits received and the fair market value estimate for non-cash donations.

Volunteering Parents: Unreimbursed Out of Pocket Expenses:

  • Deductible Volunteer Expenses: While the value of donated time or services is not deductible, many out of pocket costs incurred while volunteering for a qualified charity are deductible as charitable contributions. Examples include:
    • Supplies and equipment purchased for the nonprofit (e.g., marking cones, field maintenance supplies) that you donate.
    • Uniforms required by the organization that are not suitable for everyday wear.
    • Travel costs incurred while performing volunteer duties (e.g., transporting equipment or players or traveling between sites). For automobile use, volunteers generally may deduct either actual out of pocket costs or charitable mileage rate set by Congress, which has been 14 cents per mile for many years. A mileage deduction isn’t allowed if the volunteer’s own child was among those being driven
    • Lodging and meals when the travel is away from home overnight for the charity (subject to the usual business vs personal tests and substantiation).
  • What is Not Deductible: The fair rental value of allowing a charity to use your property (see next section), and the value of your time. The costs of items purchased specifically for use by your child participating in the activity (e.g., a baseball glove or uniform) aren’t deductible.
  • Substantiation: Keep receipts, mileage logs showing date, purpose, miles driven and the charity’s name, and written acknowledgements for donated items.

Use of an Asset by a Charity: No deduction is allowed for mere use. Core rule: allowing a charity to use an asset you own (lending your field, permitting a nonprofit to use your boat, computer or home for activities) is not the same as donating the asset. The IRS generally disallows a charitable deduction for the value of the use of property.

  • Donation vs. Use:
    • Deductible: If you transfer ownership of tangible property (e.g., you donate sports equipment, you convey the field or transfer title to an asset), the value of that contributed property may be deductible (subject to normal rules about basis, fair market value, and limits), provided you itemize your deductions rather than claiming the standard deduction.
    • Not deductible: If you simply let the nonprofit use your private tennis court for tournaments for a season but retain ownership and the right to reclaim use, you cannot deduct an imputed rental value or the “use” of the court.

Practical nuance: If you rent your property to a nonprofit at a below market rate, the difference between fair market rent and the amount charged could be considered a charitable contribution only in narrow circumstances and requires careful valuation and documentation; consult counsel.

Medical Expense Exception:

Prescribed activities for children with special needs may meet the definition of medical expenses that are primarily for the prevention or alleviation of a physical or mental disability or illness and may be deductible to the extent they exceed the floor (7.5% of adjusted gross income). The expense must be primarily medical in nature.

  • Sports and therapy: In very specific cases a doctor’s prescription that a child undertake a particular physical activity (for example, therapeutic horseback riding, specialized swimming therapy, or adaptive sports training) may make related costs deductible as medical expenses. To meet the IRS standard:
    • There must be a written recommendation or prescription from a licensed medical professional stating the medical necessity.
    • The activity must be primarily for medical care or treatment, not merely general health or recreation.
    • Costs must be reasonable, ordinary for the treatment, and not reimbursed.
  • High bar and examples: A physician prescribing therapeutic horseback riding for a child with cerebral palsy could support deductibility of fees and certain related costs (lessons, specialized equipment) if well documented; by contrast, ordinary travel to recreational soccer practice for a child with asthma would not meet the medical necessity threshold.
  • Documentation: Keep the physician’s prescription, notes showing the medical condition and treatment plan, invoices, receipts and any program descriptions demonstrating the therapeutic nature of the activity.

When a Child’s Sport Becomes a Business:

Profit motive matters. If a child participates in a sport with a bona fide profit objective (e.g., competing for significant prize money, endorsement deals, or providing paid coaching services), the activity could be a trade or business. In which case:

Income (prize money, sponsorships, appearance fees, Name, Image, and Likeness (NIL) deals for college athletes) is taxable.

Related ordinary and necessary business expenses are deductible against that income if the activity is carried on for profit. If the activity is classified as a hobby, expenses are not deductible.

  • Self Employment (SE) Tax: Net earnings from a child’s self employment (including independent contracting for sports appearances or coaching) are subject to self employment tax if above thresholds — remember this can create both income tax and SE tax obligations.
  • Kiddie Tax and Earned Income: Wages and business income earned by a child are considered earned income and generally are not subject to the “Kiddie Tax” rules that apply to unearned investment income.
  • NIL Income for College Athletes: Payments for name, image and likeness are taxable. Whether the compensation is treated as wages received as an employee or independent contractor income depends on the arrangement. College athletes receiving NIL payments should report them and keep records; some NIL arrangements generate self employment tax and the need to issue/receive 1099 forms.

Please contact the Leesburg or Warrenton office you if need assistance or would like to discuss your particular situation with a tax professional. Leesburg office 703-771-1818 or the Warrenton office 540-347-5681.

Step-by-Step Guide on How to Tidy Up Your QuickBooks

Posted on by UMMC

If your QuickBooks feels a little… off, you’re not alone.

Most business owners start the year strong, but by March or April, things begin to slip:

  • Transactions go uncategorized
  • Reports stop matching reality
  • “Ask My Accountant” quietly fills up

The good news? You don’t need a full overhaul.

With a few focused steps, you can clean up your QuickBooks in a single afternoon and avoid bigger problems later.

Step 1: Reconcile Your Bank and Credit Card Accounts

This is the foundation.

If your accounts aren’t reconciled, nothing else matters — your reports won’t be accurate.

What to do:

  • Go to Accounting → Reconcile
  • Match your QuickBooks balance to your bank statement
  • Investigate any differences

Common issues to look for:

  • Duplicate transactions
  • Missing deposits
  • Uncategorized charges

If this step feels messy, that’s a sign cleanup is overdue.

Step 2: Clear Out “Ask My Accountant”

This account is meant to be temporary, not permanent storage.

What to do:

  • Run a report for the “Ask My Accountant” account
  • Review each transaction
  • Reassign it to the correct category

Why it matters:

Leaving items here can:

  • Skew your financial reports
  • Cause missed deductions
  • Create confusion at tax time

Step 3: Review Your Profit & Loss Statement

Now that your data is cleaner, check your numbers.

Go to: Reports → Profit and Loss

Look for:

  • Unusual spikes in expenses
  • Missing income
  • Categories that don’t make sense

Ask yourself: Does this reflect how my business actually performed?

If not, something still needs fixing.

Step 4: Fix Common Misclassifications

This is where a lot of hidden issues live.

Watch for:

  • Owner draws recorded as expenses
  • Loan payments recorded as expenses instead of liabilities
  • Transfers showing up as income
  • Personal expenses mixed into business accounts

These mistakes are extremely common, and they can directly impact your tax return.

Step 5: Check Your Balance Sheet (Yes, Really)

Most business owners skip this. Don’t.

Go to: Reports → Balance Sheet

Red flags:

  • Negative asset balances
  • Loans that don’t match reality
  • Uncategorized equity entries

Your balance sheet tells you whether your books are structurally sound, not just profitable.

Step 6: Review Your Accounts Receivable and Payable

Make sure you know:

  • Who owes you money
  • Who you owe

Check:

  • Open invoices that should be closed
  • Old bills that were already paid
  • Duplicate entries

This step alone can improve cash flow visibility immediately.

Step 7: Set a Monthly System (So You Don’t Have to Do This Again)

Once everything is cleaned up, the goal is to keep it that way.

A simple monthly routine:

  • Reconcile accounts
  • Review reports
  • Categorize transactions
  • Flag anything unusual

Even 30–60 minutes per month can prevent hours of cleanup later.

When to Bring in a Pro

QuickBooks is powerful — but it doesn’t know if something is wrong, only if something is entered.

If you notice:

  • Reports that don’t make sense
  • Large unexplained balances
  • Ongoing cleanup issues

…it may be time to have a professional review your books.

QuickBooks problems don’t usually start big. They start small and grow quietly over time.

Taking a few hours now to clean things up can:

  • Improve accuracy
  • Reduce stress
  • Prevent costly mistakes
  • Make tax season significantly easier

And the best part?

You don’t need to fix everything at once — just start with the steps above.

Please contact the Leesburg or Warrenton office if you have questions or would like to connect with a bookkeeper.

Updegrove, McDaniel, McMullen & Chiccehitto, PLC, Celebrates 50 Years of Trusted Service

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Updegrove, McDaniel, McMullen & Chiccehitto, PLC, (UMMC) with offices in Leesburg and Warrenton, Virginia, proudly celebrates its 50th anniversary of delivering excellence in accounting, tax, audit, and advisory services. Founded in July 1976, the firm has grown to become a trusted partner for individuals, businesses, trusts and estates throughout the region.

Over the past five decades, UMMC has built its reputation on integrity, professionalism, and a personal approach to client service. Today, the firm is led by partners Donna McMullen, Lisa Chiccehitto, Stephanie Mercer, Sarah Godfrey, and Mark Burgess, who continue to uphold the vision of client-centered, forward-thinking advice.

“Reaching our 50th anniversary is a tremendous milestone,” said Donna McMullen, Managing Partner. “We are grateful for the trust our clients place in us year after year and are committed to building on our legacy of dependable, expert service.”

For more information about UMMC and its five decades of client service, visit www.ucmcpas.com.

3 Financial Habits to Track Growth as a Business Owner

Posted on by UMMC

Most business owners know their revenue.

But ask them this:

  • How long could your business survive without new revenue?
  • What’s your margin after delivering your work?
  • What percentage do you truly keep?

That’s where the pause happens. Because revenue feels like progress. But these three numbers? They tell you if your business is actually working.

Revenue is as exciting as it incomplete. Growing revenue does not guarantee that the business doesn’t run out of cash and that the take home money isn’t less than it was last month.

That’s why smart business owners don’t just track growth— they track what sticks.

Cash Runway: “How Long Can You Last?”

Cash runway tells you how many months your business can operate if revenue slows down—or stops. It’s your buffer, your leverage, your ability to make decisions without pressure.

Quick calculation:
Cash on hand ÷ Monthly expenses = Runway (in months)

Example:
$60,000 cash
$20,000 monthly expenses
= 3 months of runway

The recommended buffer for most business models is between six and 12 months to help bridge unexpected obstacles and give you flexibility to course correct should it become necessary.

Gross Margin: “Are You Making Money on the Work?”

Gross margin shows what’s left after delivering your product or service.

Not after everything—just the direct costs.

Formula:
(Revenue – Cost of Goods Sold) ÷ Revenue

This is where a lot of businesses get surprised. Because you can be busy, fully booked, and still underpriced.

Watch for:

  • Margins shrinking as you grow
  • Costs creeping up quietly
  • Services that take more time than they’re worth

If your margin is thin, more sales won’t fix it, they’ll just scale the problem. Pricing can be one of the more difficult aspects of running a business and this calculation will point you in the right direction.

Net Profit %: “What Do You Actually Keep?”

This is the number that matters most.

Net profit percentage shows what’s left after everything:

  • Expenses
  • Overhead
  • Taxes
  • Operations

Formula:
Net Profit ÷ Revenue

Example:
$500,000 revenue
$50,000 profit
= 10% net profit

That means for every $1 you earn, you keep $0.10. For many business owners, that number is lower than expected.

The Pattern Most Businesses Fall Into

Here’s how it usually plays out:

Revenue increases.
Expenses quietly follow.
Margins tighten.
Cash gets squeezed.

But because revenue looks strong, nothing gets addressed until it has to be.

What Changes When You Track These Monthly

You stop guessing.

You start seeing:

  • Where money is leaking
  • When to raise prices
  • When to cut costs
  • How much risk you are actually carrying


And more importantly, you have the right conversations with your advisor before small issues turn into expensive ones. Instead of reacting late, you adjust early.

Please reach out to the Leesburg or Warrenton office if you have questions regarding these calculations or would like us to help with your business needs.

As the IRS Updates Their Technology and Procedures, Taxpayers May See an Increase in Notices Issued

Posted on by UMMC

For a period of time, IRS activity felt quieter.

Response times were longer. Enforcement felt less visible. Fewer taxpayers were hearing from the IRS directly.

Many people got used to that environment.

Now things are shifting.

Not all at once, but steadily. More notices are being issued. More requests for clarification are being sent. More follow-ups are happening on items that may not have been reviewed as closely in prior years.

This is not a sudden change in direction. It is a return to a more active and better-equipped IRS.

What’s Actually Changed

Over the past several years, the IRS has been rebuilding its infrastructure.

After a long period of limited staffing and outdated systems, the agency has been investing in technology, hiring, and enforcement capabilities as part of its long-term strategy.

That investment is now beginning to show up in real ways.

In its most recent reporting, the IRS noted that it collected over $98 billion in enforcement revenue in a single fiscal year, reflecting a renewed focus on compliance and collection efforts.

At the same time, the agency is expanding its use of data analytics to identify discrepancies more efficiently.

Rather than relying heavily on random audits, enforcement is becoming more targeted and systematic.

A New Layer: How the IRS Is Using Data to Select Cases

One of the biggest changes is not just increased activity. It is how cases are being selected.

Recent reporting has highlighted that the IRS is testing more advanced data tools designed to identify what it calls “higher-value” audit and enforcement cases. These systems are built to connect information across multiple data sources and surface patterns that may not have been visible before.

In practical terms, this means the process is becoming more precise.

Instead of relying primarily on broad scoring systems or random selection, the IRS is increasingly able to analyze relationships between filings, supporting documents, and historical patterns to identify where discrepancies are more likely.

This does not mean more people are being audited at random.

It means the IRS is getting better at identifying which returns to look at more closely.

Why This Matters for Business Owners

This shift changes the nature of risk.

In the past, many taxpayers thought in terms of probability. What are the chances of being audited?

Now the question is different.

Does your return stand out based on the data available?

Areas that involve more complexity or interpretation, such as business deductions, credits, or multi-entity structures, are more likely to be evaluated through this lens.

This is especially relevant for areas where the IRS has already indicated increased focus, including certain credits, business filings, and transactions that require detailed supporting documentation.

Why More Taxpayers Are Receiving Notices

Most taxpayers are not being audited.

In fact, audit rates for the majority of individual taxpayers remain relatively low, generally below 1%.

However, more taxpayers are receiving notices, and that is where this shift becomes visible.

In many cases, these notices are triggered by specific, identifiable issues.

One of the biggest drivers is improved data matching. The IRS now compares tax returns against a broader set of third-party information, including W-2s, 1099s, brokerage reporting, and payment platform data.

When there is a mismatch, it is more likely to generate a notice.

There is also a continued focus on areas where reporting errors are more common, including business income, deductions, pass-through entities, and digital transactions.

In addition, modern systems allow the IRS to identify patterns that fall outside expected ranges. Returns that appear inconsistent based on income, deductions, or historical reporting are more likely to be reviewed.

Collection activity is also becoming more active again, particularly for unresolved balances and prior-year issues.

The Most Common Triggers Right Now

Most IRS notices are not random. They are tied to specific issues that can usually be identified with a closer look.

Some of the most common triggers include income that does not match reported forms, deductions that appear large relative to income, business losses that fluctuate significantly year to year, and misclassification of workers or expenses.

Unreported side income and digital payments have also become more visible due to expanded reporting requirements.

These are not new issues. What has changed is how quickly they are identified and acted on.

The Shift: From Broad to Targeted Enforcement

In the past, enforcement was often slower and more generalized.

Today, it is more precise.

The IRS is using data to focus on returns that are more likely to contain discrepancies, rather than applying a broad, random approach. This results in fewer random audits, but more targeted reviews.

For taxpayers and business owners, this changes the dynamic.

It is less about the overall likelihood of being selected and more about whether your return raises questions based on the data available.

What This Means for You

For most taxpayers, this is not a reason to be concerned. It is a reason to be prepared.

Accurate reporting, consistent documentation, and well-supported deductions are more important than ever. Items that may have gone unnoticed in the past are more likely to be reviewed.

That does not mean something is wrong. It simply means the margin for inconsistency is smaller.

If You Receive a Notice

The most important step is not to ignore it and not to respond too quickly without fully understanding what is being requested.

Many IRS notices are routine, but responding incorrectly or without proper documentation can create unnecessary complications.

Before taking any action, it is important to review the notice carefully and determine the best way to respond based on your specific situation.

Before You Take the Next Step

Receiving an IRS notice can feel urgent. It is easy to assume the worst or to react quickly just to resolve it.

In many cases, the better approach is to step back, evaluate the situation, and respond with a clear plan.

Whether the issue is a simple mismatch or something more complex, the way it is handled can affect the outcome.

If you have received a notice or want to make sure your filings are accurate and well-documented moving forward, our team can help you understand what is happening and guide you through the next steps.

Please contact us in our Leesburg (703-771-1818) and Warrenton (540-347-5681) offices for further information and assistance.

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