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Valderas Financial Solutions LLC

Tax Preparer
Richmond Virginia 23230

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Company Name
Valderas Financial Solutions LLC
Location
4914 Fitzhugh Ave
Suite 200
Richmond, Virginia, 23230
United States

Professional Background

Valderas Financial Solutions LLC Member Articles


New Capital Gains Rate for 2020

In selling an investment like a bond, ETF, real estate, or stock, the net profit is usually taxed as a capital gain. Capital gain varies and comes in two types majorly. It could...


Four Top Insurance Policies That Can Boost Your Small Business

There are tens of millions of small businesses scattered across the United States. Sole proprietorship or one-man business is even on the rise with the figure at 40.5 million, according...


IRS Direct Payment System

Direct payment offers individual taxpayers an easy way to quickly pay the amount owed on the payment statement or bank bill, or make estimated quarterly payments without having to...


What is Form W-7: IRS Individual Taxpayer Identification Application

A W-7 form is used to request an individual tax identification number or ITIN for non-citizens who are not eligible to receive a social security number, but who must file a federal...


A summary of EITC letters and notices

The Earned Income Credit (EITC) is a federal tax refund for workers and families who meet specific eligibility requirements. Employers must provide EITC employees with information...


The holiday season and #GivingTuesday

You saw the store videos during Black Friday: a lot of people enter a store to carry everything they can. People go shopping all day to clear the vacation list. Now there is Cyber...


Tax Deductions For Seniors and Retirees

The life of a retiree should only be canvas boats and golf trips on weekends. (This may be true if you've made a fortune in your career). For the rest of us: we will try to find...


What You Need to Know About Family Loans and IRS Rules

Lending money to a family member (or borrowing from a family member) may seem like a good idea: the borrower gets easy approval, and any interest paid is left to the family rather...


What Is Tax Identity Theft?

Tax identity theft occurs in numerous ways. "Identity theft," as indicated by the IRS, usually involves someone stealing a specific Social Security number (or tax identification...


IRS Announces Tax Relief to Expatriates

The Internal Revenue Service came out with new procedures allowing expatriates who have renounced their US citizenship the opportunity to comply with their tax obligations and in turn,...


Are You Financially Prepared For A Recession?

If you fear a possible recession on the horizon, you can take some financial measures to protect yourself.A report made by the National Retail Federation revealed that the proposed...


Small Business Owner? Heres How To Build Credit

When starting a small business, the owner must begin to establish business credit separately from personal credit. Business credit is calculated independently of private credit and...


What is section 1031?

Section 1031 of the IRS code slowly creeps into everyday conversation. The term refers to real estate agents, bond companies, investors and football mothers. Section 1031 of the...


How to Claim Independent Contractor Tax Status

An independent contractor can also be called as self-employed or someone who is an independent business person. It’s really just getting paid for your work in a different manner....


How to Deduct Your Mortgage Points

If you have availed a home loan, you are entitled to claim an Income Tax deduction called a home mortgage point. The deduction will be the equivalent of one percent of the loan amount....


Payroll Tax Cut: What You Need to Know

American workers could enjoy a payroll tax cut, if the Trump administration goes ahead with its reported efforts that are ostensibly aimed at bolstering consumer spending and, in turn,...


Claiming A Newborn On Your Taxes

At the birth of the child, this child becomes dependent on his taxes. It does not matter if the child were born on January 1st or December 31st at 11:59 pm As long as your child came...


Things That Can Disqualify You For Earned Income Credit

The EITC (Earned Income Tax Credit) is a benefit available to low- and middle-income workers. The EITC reduces the amount of taxes due and may give rise to a refund. The earned income...


Teaching Teenagers About Financial Independence

I hope you will teach your children good manners, positive values and healthy eating. But do you teach them how to get financial security? Do you know what to say about money?While...


Military Spouse Residence Rules

Usually, when you move to a new state, you become a resident of that state. Then you pay the taxes as residents of the new state.However, if you are the husband of a member of the...


Are you indebted to the IRS But Can't Pay? You May Be Eligible for Help

Peradventure you are indebted to the IRS and can't pay, you might be qualified to defer making payments on past-due personal income taxes. To meet all requirements for deferral,...


Frequently Asked Questions On The Best And the Worst States For 529 Plans?

What are the perfect states for a 529 education savings plan? What issues are there with these plans? These are charge advantaged programs, supported by states, that enable your speculations...


What You Need To Know About Audits practices and Methods

Type II SOC commitment (for both SOC 1 audits and SOC 2 audits) require to follow up and testing of the controls established at the service institution to have the option to opine...


Adoption Credit and Adoption Assistance Programs

Tax breaks for adoption incorporate both a qualified adoption cost and tax credit paid to adopt an eligible child and an exclusion from earnings for employer-enabled adoption aid....


All that You Need To Know About Energy Tax Incentives

Introducing an alternative source of energy in your home, for example, solar water heating and solar electric panels can qualify you for credit equivalent to 30% of your total expense....


Day Traders: The Difference between an institutional and retail day traders

A day trader's work is extremely enormous, no doubt. These traders go into and leave various positions through the span of a spin day. Their trading is characterized by the way...


Everything You Need To Know About Flexible Spending Accounts

The commitments you make to a flexible spending account (FSA) are not tax deductible because the accounts are supported through pay deferrals. Be that as it may, adding to an FSA reduces...


Tax Help For Seniors: Helping Seniors Understand Scams

Tax preparation is not the main tax-related issue with which seniors may require additional help. Sadly, a ton of phone, postal mail, and email scams target seniors explicitly. The...


What You Need To Know About Plug-in Electric Drive Motor Vehicle Credit

Your vehicle purchase must satisfy a number of criteria in order to qualify for the qualified plug-in electric drive motor vehicle tax credit. Only qualified vehicles are eligible...


Tips to Keep IRS from Taking Your Passport

Your US passport can now be revoked or refused to be renewed by the IRS. There have been many speculations before that this will happen and it actually did. In the next few weeks,...


Low Returns and What Is Affecting Your Refund

The average tax refunds continue to be lower compare to last year and the tax deadline is getting close. According to the IRS, $2,640 is the average tax refund for the week ending...


IRS Issues Warning On New Phone Scam: Here’s How To Protect Yourself

The IRS recently issued a warning about a new trick on the usual impersonation phone scam. An independent organization within the IRS called Taxpayer Advocate Service is being impersonated...


Does the IRS give a tax break to sexual harassment victim?

The tax reform bill implemented in December 2017 forbids deductions for hush cash settlements in sexual harassment cases. This is also called a Weinstein tax; it keeps people and organizations...


Two Ways To Combine Charitable Giving And Life Insurance

Planning your Finance is a continuous endeavor that looks at your objectives, circumstance, and funds to decide whether and how these objectives can be met. It is a product-oriented...


3 Significant Challenges Of A Grey Divorce

Grey divorce is another statistic pattern, and it is somewhat worried that this pattern has quickened in the 21st century. During the 1990s, just 1 out of 10 individuals over age 50...


4 Last Minute Tax Tips and Tactics

For the individuals who long to file by April 17, the weight starts to fabricate. Before the troubled dash takes off vigorously in only a couple of brief weeks, you might need to review...


How To Research Your IRS Account

IRS Account Review at a Glance:IRS account information is not available or readable.You can get the required information by requesting your IRS tax transcripts.Transcripts provide...


How To Handle An IRS Letter

Tax notifications have always caused panic among many clients. One thing to remember is that many of these ads are "automatically generated" and are not always up-to-date...


Everything You Need To Know About Investment Retirement Accounts

It is no doubt the fact that a regular savings account is perfect for storing your short term savings, but if you want to save for retirement, an Individual Retirement Account (IRA).IRA...


Tools For Reducing Debt

Some time ago, I helped a client create a debt repayment plan and found impressive debt reduction free tools that I would like to share with you today. If you have credit cards, student...


How Cryptocurrency in the Real Estate Industry Works

Cryptocurrency hails from the creation of blockchain technology, one of the trending network technologies today. Collective verified lists of data or records are blocks stored by blockchain,...


New Mileage Rates for 2019

The IRS announced on Friday (Notice 2019-2) that there will be a significant increase in 2019 for the optional standard mileage rates although it has already slightly increased last...


How to offset Capital Gains

It is usually a debate that how to offset capital gains. So first let us understand what capital gains tax is so that you can further know how to offset it as well. Other than the...


Tax laws for divorce in 2019 - Have they been implemented?

Separation among couples is a very common thing specially in the western world where the women have equal In fact stronger rights as compared to the men. In countries where the law...


How Your Holiday Bonus Is Taxed

All around the world, December is the month when everyone exchanges or gives gifts to others. Some employers also give end of year bonuses to their employees as a reward for their...


Paying Self-Employment Taxes On A Quarterly and Yearly Basis

Let’s make it clear as to who are self-employed individuals?In order to be categorized as self-employed individual and fall under the category of paying self-employment taxes...


Do You Have To Pay Taxes On Scholarship Money?

To opt for education from colleges and universities abroad is quite an exciting prospect, however on scholarships? Scholarships are a path towards education which wouldn’t be...


4 Major Tax Breaks Homeowners Shouldn’t Miss

There are several things to consider when it comes to either filing your taxes this year, planning for the future, or when contemplating the benefits of purchasing a house the following...


Beware Of IRS Fees When You Can’t Pay Your Taxes

A lot of times businesses are not able to pay the taxes on time. You do owe taxes to the government which is why they are due every year. After all the verifications, you get the amount...


Can You E-File Tax Returns Under TCJA?

Tax Cuts and Jobs Act where a lot of people think that they can e-file easily. There are some changes under the e-file tax returns under TCJA which you have to follow. Every year there...


Do’s and Don’ts of Claiming Dependents - Some Simple Rules

Relationships do affect our lifestyle and the way we live our lives. You can claim as dependent on your taxes but before claiming, you need to figure out some important things so that...


Tax Implications of Scholarships for College Students

It’s definitely an exciting journey to go off to college to widen your horizons, learn new things, and meet new people. But what makes education even better is when you get to...


What You Can Reap Out Of Innocent Spouse

When it is the time to file taxes, everyone gets panicked and tend to make mistakes at that time. It is the time when you need to be patient and act wise. Rather than opting out to...


How Do Investors Benefit From The New “Opportunity Zone” Tax Break?

Investors that are nominated by the governors and approved by the Treasury department in the economically distraught communities can greatly benefit from the New “Opportunity...


Some Things You Need To Know About Tax Loss Selling

In order to reduce the capital gains from other sources, tax loss selling is a simple and straightforward tax strategy. Under this strategy, you tend to sell mutual funds, exchange-traded...


Preparing For The Death Of A Spouse

Every person has to die one day and same is the case with the death of a spouse, it has to happen one day. No one plans or knows when the death will occur and when the time of death...


What to Know About Delaying Social Security

As soon as you reach your “full” retirement age, probably when you’re around 66 or 67 years old, you can start collecting your full benefits. However, you also have...


How to Divide Your Estate Amount to Multiple Heirs The Right Way

It is always best to start estate planning as early as possible. Although creating a will can be a stressful process, it’s still a necessary step in life that has to be done...


Why Hiring Your Kids is Good for New Tax Laws

As your tax preparer certainly knows, the average American pays around $10,489 annually on taxes (roughly, 14% of their household income). Why succumb to this alarming tax statistic,...


Top 5 Tips To Consider in Finding the Best Franchise Opportunities in the U.S

Having your own business offers great advantages. If you’re looking into investing in a franchise, the first thing you need to do is find the best franchise opportunities there...


Get To Know The Top 10 Wealthiest States In America

According to the U.S Census Bureau annual survey, the national median household income increased to $55, 775 in 2015 base on a nationwide population survey. There were 39 states included...


A Complete Guide to Registry-Completion Discounts

If you haven’t heard of the Registry-Completion Discounts before, then you’re in the right place because this article will break it down for you. It’s an amazing...


How To Minimize Social Security Taxes

What is the Social Security Tax?Social Security tax is usually collected in the form of payroll tax or self-employment tax. It is levied on both employers and employees to fund the...


An Attractive Niche: The Leveraged Loan Market

A leveraged debt is extended to individuals or companies that already have a substantial amount of debt. Moneylenders consider the leveraged loan market to carry higher hazard to default....


Know the New 1040 Form for 2019

There are some of the things which have changed in new 1040 form for 2019. As the year has passed and the taxes have been collected from the people who have filed on time, the changes...


Knowing the Freedom of Information Act

The requests for freedom of information act (FOIA) have been popular since a while. People want to know what it contains and how they can make a good use of it in their daily life....


Know the Social security tax consequences of working abroad

When you move abroad, there are a lot of things which need to be addressed. You might skip on the social security tax consequences of working abroad and may realize it later. Well,...


What happens when you default on a business loan?

Everyone can have a different situation when it is about a business loan. You may be wondering that what happens when you default on a business loan. There are different answers to...


The Concept of Per Diem Rates And How Does It Help?

Per Diem rates are popular in the United States, but fewer people have been using it. It is the allowance which is received by the people on a daily basis with having the travel expenses...


Know the Awesome Benefits of Dividends

When people have the question that why we should have dividends. It is one of the most obvious question asked because there are a lot of benefits which are associated with dividends....


Understanding Income Statements to Avoid Business Failures

When you are dealing with your own business then it is necessary for you to have a complete understanding income statements. It helps you in staying away from the financial debts and...


Some Facts To Know About Going Back To School Tax Breaks 

It is not just about the children going back to school which you have to worry about. There are options for going back to school tax breaks for the adults. You are able to earn more...


Startup Cost And What You Should Know About Write offs

Starting a new business brings lots of excitements and expectations, but you can’t forget about expenditures and obligations. Initial years are crucial for every startup, and...


Estimate Business Expenses and Work-Related Travel Expenses

Successful business requires proper expense planning to deal with all types of business expenses and to carry on operational activities effectively. While starting a new business,...


Lease Contract: Tax issues for landlords

Some people opt to lease the property instead of buying it because of insufficient resources. In most of the cases, it requires less cost and very few risks are linked to it; therefore,...


Understanding The Deducting Of Legal Expenses


Surely everybody can be in debt from smallest to largest and it is able to be difficult for the individual to control it. However for the long-term gain, you have the selection for...


Getting Taxation Through Foreign Tax Credit

Each year to maintain on filing taxation without knowing a good deal about it just because you have to do it consistent with the legal guidelines of the country. It is far just a compulsory...


Advice For IRA Rollovers

If you are aiming to reach the pinnacle within the competitive marketplace, and you have initially mounted your enterprise, then you definitely want to understand the things to have...


What are Indirect Business Taxes and Why Should We Care?

Taxes, taxes, and more taxes. While a tax preparer may have a good grasp on all of this, that’s not necessarily the case for the rest of us.  We have federal tax, state...


Reduce Your Taxes With Smart Tax Planning

Every year you can be sure that tax season will come around, but smart tax planning will ease unnecessary anxieties. While many people dread tax preparation, there are ways to reduce...


Avoiding The IRS Garnishing Your Wages

As they say, there are only two things certain in life, death and taxes. Unfortunately, the saying is true. Even if you have unfiled tax returns, the IRS is going to want their money...


How Expatriate Taxes Affect Citizens Living Abroad

For most taxpayers, completing and filing an income tax return is relatively simple. However, there are some tax situations that affect a small number of taxpayers, and it is important...


Real Estate Taxes: 10 Tips For Investors

If you invest in properties, you probably need to pay substantial real estate taxes and numerous other expenses. Fortunately, a variety of federal tax deductions allow you to recover...


Understanding The Rules For Business Vehicle Deductions

If you own a vehicle for business use or even use your personal car for job tasks, you may be eligible for certain tax deductions. That part probably comes as no surprise, but it's...


Making Caring For Aging Parents A Bit Easier

Caring for aging parents is not always an easy task. This is especially true when taking care of another person comes with financial responsibilities such as making sure their medical...


Tax Reduction 201: 4 Ways To Lower Your Tax Liability In 2017

In an 18th century letter, Benjamin Franklin is said to have written:...in the world nothing can be said to be certain, except death and taxes." It's been a while since Mr.Franklin...


Rules To Follow When Amending Tax Return

Ideally, you should file once and do that correctly. However, if you want to or have to make amendments, the following are some rules you should be aware of. Amended Returns Aren't...


How To Avoid Or Minimize The Penalties Associated With Missing The Tax Filing Deadline

No one likes paying penalties. However, the IRS likes levying them to encourage tax compliance. Without there being penalties, many Americans could not even bother paying taxes. There...


Nine Reasons Why You Should Consider Outsourced Bookkeeping

Many entrepreneurs spend a lot of time book in logging receipts and expenditures, computing accounts payable and receivable, tracking profits and losses, filing taxes, and so on. The...


How To Legally Claim Your Parents As Dependents

About 25 percent of U.S. families who care for their parents spend in excess of $10,000 each year doing so. Plus, 40 percent of all families who pay the way for their elderly parents...


How To Take Advantage Of Home Sale Gain Exclusions

If you sell your primary residence two to five years after purchasing it, you would be eligible for home sale gain tax exemptions. However, you would have to fulfill a wide range...


The Importance Of Having Efficient Retirement Withdrawal Strategies

For any new retiree, the biggest challenge is the changeover from accumulating wealth through saving for retirement during your working days, to learning how to spend it in maintaining...


Paying Less Tax Through Smart Tax Planning

Smart tax planning basically involves taking advantage of all the available taxation tools and knowledge when filing your individual or business tax return. This helps you to qualify...


Selling Assets: Tips For Calculating Tax Basis

captial gains, inheritence Figuring out your tax basis when selling assets can be tricky because some transactions fall under guidelines defined under the IRS's Publication 551 while...


What You Need To Know About Dependent Care Deductions

Having children is expensive, but you may be able to reduce your tax bill and save hundreds, if not thousands of dollars, by getting back a portion of the money you spend on child...


Feeling A Little Tax Burdened Under The American Government Rate? Get The World Tax Facts Today

Many Americans feel cheated at tax time. The 2016 Pew Research Center poll revealed 61 percent saying that it troubled them a lot, that some affluent people don't pay "enough" federal...


Taking Full Advantage Of Small Business Tax Deductions

If you own a your own business, there are small business deductions that can save your company thousands of dollars. Many businesses miss out on tax saving deductions and credits...


Tax Considerations For Small Businesses

Starting a home business is one way to decrease your tax liability. Many taxpayers choose to do this but may not understand all the tax ramifications of decisions made during start-up...


4Tips For Filing Amended Tax Returns

The Internal Revenue Service (IRS) expects all Americans to file their tax returns on time every year. Of course, the IRS also expects to provide accurate information on their tax...


Eight Smart Tax Reduction Strategies That Work

Tax planning involves taking advantage of any chance you get to estimate your income, be eligible for the right credits, shrink your expenses, and reduce your taxable income. Smart...


What Are The Benefits Of Outsourcing Bookkeeping Operations?

Outsourcing is basically delegating specific business operations to a third party entity. There are different reasons why companies choose to outsource their operations, such as bookkeeping. In...


Payroll Taxes And The Risks Attached To Violation

As per federal law, employers must withhold a specific amount from their employee salaries and wages and remit them to the Internal Revenue Service (IRS) as income and payroll taxes. An...


How Education Tax Credit Can Help You Save

If you've been handing out dollars left and right to pay for school, you may have some benefit on your taxes this season. The IRS has a few education tax credits for parents or students...


Understanding The Gain Exclusion Tax Breaks On Home Sales

The home sale gain exclusion is one of the most beneficial tax breaks available to homeowners. Anytime you put your home on the market for sale; you could potentially benefit from...


Using Parents As Dependents On Tax Return

A recent report reveals that 40 percent or more of those providing care for family members spend a minimum of $5,000 annually and 25 percent spend above $10,000 a year. Although caring...


Looking At Rental Income Deductions You Might Be Missing

Rental income seen as a great way to build a second income stream for a landlord attempting to save for retirement, become rich, or just get a little bit more financial security for...


Ideal Retirement Withdrawal Strategy—Maximum Returns And Minimum Tax

Experts lay a lot of stress on the order in which an individual approach retirement must liquidate his or her retirement accounts. The right order will boost returns, reduce your...


3 Ways To Use Above The Line Deductions

Itemizing is to the IRS what the red smoke was to the people of Oz...a warning sign that something might be about to go pretty, darn wrong. Though an audit is much less final than...


Filing For An IRS Tax Extension

When the tax filing deadline is right around the corner, you suddenly realize you do not have much time to complete forms and file taxes. Fortunately, if you cannot file in by April,...


Business Vehicle Expenses: Leased Vs. Bought

One of the more generous business tax deductions allowed by the IRS focuses on being able to use the expenses of buying, using, or owning a business vehicle as a write off when you...


3 Imperative Real Estate Tax Tips To Know

Real estate is one of those industries that the government benefits from immensely. For every property purchased or sold, there's a tax cut that the government takes. It therefore...


Calculating The Tax Basis When Selling Investments

When you sell stocks, bonds, precious metals or other investments, it is crucial to know the tax basis of each asset. You will need this number to determine how much income or loss...


We're Off To See The Tax Pro: 4 FAQ About Tax Scams And Problems

Lions and tigers and tax preparation...>oh dear. Nothing can make you feel as though you are not in Kansas anymore quite like a giant heap of income tax return mess riding in on a...


3 Ways Real Estate Investment Helps Save On Taxes

There is a connection between taxes and wealth accumulation; the Internal Revenue Service (IRS) rewards investors. In other words, the government wants its citizens to help build...


Tax Scams Are All Too Real

No one really enjoys paying taxes. Regardless of the services we receive in return, the idea of parting with our hard-earned cash is sometimes difficult. Each year, some taxpayers...


The Smart Way To Claim Tax Deductions Without Itemizing

When you claim tax breaks to reduce your tax liability, you can accept the normal deduction or itemize them. Undoubtedly, it is simpler to take the normal deduction. However, if...


Red Flags That May Lead To An IRS Audit

The IRS will rarely audit your individual tax reports unless they notice discrepancies in the filed reports. As of 2016, only 0.70% of individual tax returns were audited by the IRS. Therefore,...


Smart Tax Planning For Small Business Success

There are countless articles out there about the many different types of deductions that both individuals and small businesses can take advantage of, but arguably none of them are...


Filing For A Tax Extension

Filing for a tax extension is most likely the easiest part of doing your taxes. Having said that, what is a tax extension anyway? Why will you want one? And what are the benefits...


IRS Could Have Millions In Unclaimed Tax Refunds

It's not uncommon to see the Internal Revenue Service (IRS) keeping possession of funds that belong to taxpayers. In 2013, the government body had more than a billion in unclaimed...


How To Claim Education Credit On Your Taxes

If you've been working hard to pay for your education, you'll be delighted to learn about getting some of your money back. A few tax credits have been around for a while to give college...


Defining The Person Responsible For Payment Of Payroll Taxes

According to the law, an employer must withhold payroll taxes and federal income from the wages paid to employees and pay that sum to the IRS. Such taxes that are withheld are known...


Fast Track Settlements Can Shave Years Off Disputes For Small Businessses

If you've experienced an audit from the IRS, you know how frustrating it can be to come to a solution. If you choose to comply with the audit, you'll have to figure out a plan to...


10 Small Business Tax Deductions You Don't Want To Miss

Getting the most out of tax season means taking advantage of the small business deductions made available in the tax code. While worrying about an IRS audit is a legitimate concern,...


Great News And Not So Great News: 3 Things To Know About Your Tax Return This Year

You know the old saying..."Nothing stays the same forever" - not even the IRS. In January, the Internal Revenue Service proved it when they announced a few changes to the starting...


Things You Should Know About Settling Tax Debts

The guidelines laid by the Internal Revenue Service (IRS) is followed by the tax authorities of almost all states. A step-by-step approach is important when trying to settle tax debts. The...


INCOME TAX FILING AND TAX PREPARATION TIPS TO SAVE MORE THIS YEAR

Tax accountants and tax preparers help you in income tax filing and preparing for the tax forms. The complications become more confusing for those taxpayers who rush to submit their...