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Volume 2, Issue
2
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February
2008
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Got filing questions about your 2007 federal and Virginia state taxes? Need help determining tax implications from a recent natural disaster or other life change? It's tax time again, and the Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer FREE tax assistance to Virginia taxpayers through its new Tax Resource Center — a special section on the FinancialFitness.org consumer Web site. The VSCPA Tax Resource Center is designed to provide consumers and businesses with premier tax and personal financial planning resources, information and services. It contains a wealth of tax resources, including Virginia and federal tax information with links to download forms, tax and financial planning articles for individuals and business professionals, military personnel tax assistance, frequently asked tax questions and tips for the 2008 filing season. In addition, anyone filing federal or state tax returns in the Commonwealth of Virginia can get free online tax advice by submitting e-mail questions at FinancialFitness.org through the "Ask a CPA" Tax Help E-mail Program. Experienced, licensed certified public accountants (CPA) will provide answers to tax questions within three business days. Tax questions can be submitted online January 31 through April 8, 2008. For more information about these tax resources and programs,
please contact VSCPA Community Relations Coordinator Tracey
Zink at (800) 733-8272.
You like the same movies and you finish each other's sentences, but where do you and your significant other stand on important financial issues? Take this financial compatibility quiz, offered as part of the VSCPA's award-winning Financial Fitness community service campaign! Whether you’re walking down the aisle or celebrating your silver wedding anniversary, read these personal finance tips to keep your love — and your money matters — in wedded bliss.
The VSCPA
is pleased to partner with the Richmond Chamber of Commerce’s
Helping
Young Professionals Engage (HYPE) program to offer a financial
literacy workshop for young Richmond professionals. Led by an
experienced certified public accountant (CPA), this seminar will
be held at the Richmond CPA Center in Glen Allen. To reserve your
seat, please register as soon as possible! Use the links below
or call HYPE at (804) 783-9368.
The Internal Revenue Service (IRS) recently warned taxpayers to beware of several current e-mail and telephone scams that use the IRS name as a lure. The IRS expects such scams to continue through the end of the tax return filing season and beyond. The IRS cautioned taxpayers to be on the lookout for scams involving proposed advance payment checks. Although President Bush plans to sign an economic stimulus package in which the IRS would provide advance payments, known informally as rebates to many Americans, a scam that uses the proposed rebates as bait has already cropped up. The goal of the scams is to trick people into revealing personal and financial information, such as Social Security, bank account or credit card numbers, which the scammers can use to commit identity theft. Read
the full article on the FinancialFitness.org
Web site.
The VSCPA develops monthly Money Management articles to provide financial advice and information for individuals and small businesses. Topics include personal finance, retirement and estate planning, saving for college, investments, running a small business, income taxes and more. Virginia organizations are granted reprint permission and can use the articles in publications, employee newsletters, Web sites and more. Here are this month's topics:
Is your nonprofit organization looking for information on budgeting, tax planning or audit committees? Are you looking for a dynamic speaker on financial topics, or need advice on financial issues? Let Virginia CPAs help! As part of our Financial Fitness campaign designed to improve the financial health of Virginians, the VSCPA offers an online Nonprofit Resource Center. Here you will find a wealth of resources, including resource guides and programs to connect volunteer CPAs with your organization as a pro bono community service. For more information about nonprofit resources, please contact VSCPA Community Relations Coordinator Tracey Zink at (800) 733-8272.
The Emmy and Telly award-winning Choose to Save® (CTS) national public education campaign aims to raise awareness that saving today is vital to a secure financial future. CTS uses the full spectrum of media — television, radio, print, Internet, etc. — to help carry the important messages of saving, investing and planning for retirement and other important life stages. These user-friendly, multimedia materials were developed to help individuals plan and save for their financial future. Find out more about the resources offered by Choose to Save®.
Have you been dreaming about using your tax refund to buy that shiny new plasma TV? Don't do it, cautions the VSCPA. You have better things to do with your money — and it is your money. While many people view their refund check as a gift from the government, nothing could be further from the truth. The money was yours all along — you just gave the government an interest-free loan by allowing Uncle Sam to withhold too much money from your paycheck. So why not think of your refund check as a second chance to do something smart with your money? Read some tips on how you can spend your tax refund wisely. | |||||||||||||||||
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Virginia Society of CPAs | P.O. Box 4620,
Glen Allen, VA 23058-4620 | (800) 733-8272 |
