Corporate Veil
The corporate veil is a legal concept and a metaphorical barrier separating a corporation's actions and liabilities from its...
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TEL: 571.620.8892
Accounting & Tax services
Leesburg, Virginia
Louay Homsi, E.A.
- May 15
- 3 min
2024 Federal Tax Updates
At Voyage Tax Consulting, we take pride in offering a diverse range of expert services designed to empower your business and drive...
Louay Homsi, E.A.
- Nov 24, 2023
- 2 min
Beneficial Ownership Information Reporting
What is beneficial ownership information Beneficial ownership information refers to identifying information about the individuals who...
Louay Homsi, E.A.
- Nov 13, 2023
- 4 min
Tax inflation adjustments for tax year 2023
The Internal Revenue Service announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax...
Louay Homsi, E.A.
- Sep 7, 2023
- 2 min
Can I reduce my nonpassive income taxes with my rental property losses?
It's possible! BUT, it's not as easy as the social media folks are making it appear to be. Generally, rental activities are passive...
Louay Homsi, E.A.
- Aug 30, 2023
- 2 min
Energy Efficient Home Improvement Credit
The IRS recently issued guidance for taxpayers that want to claim the Energy Efficient Home Improvement Credit. The Inflation Reduction...
Louay Homsi, E.A.
- Jun 2, 2023
- 1 min
U.S. Citizens and Resident Aliens Abroad
If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are...
Louay Homsi, E.A.
- Dec 12, 2022
- 1 min
Baby Boomer's Required Minimum Distributions RMD
Baby boomers who were born in 1950 or earlier have an important upcoming deadline for required minimum distributions to avoid penalties....
Louay Homsi, E.A.
- Oct 10, 2022
- 1 min
Meals and Entertainment deduction in 2022
When I speak with a business owner regarding meals and entertainment deduction, some get surprised when I explain that not every expense...
Louay Homsi, E.A.
- Aug 9, 2022
- 2 min
The Inflation Reduction Act's tax summery
The Senate has voted to pass the Inflation Reduction Act, and it's sent to the house. The bill calls for a $433 billion investment to...
Louay Homsi, E.A.
- Aug 2, 2022
- 2 min
Bear Market Roth Portfolio Conversion
The Nasdaq, the S&P 500 and the Dow Jones all peaked during Q4 2021 after a decade of a bullish investment sentiment, but since then...
Louay Homsi, E.A.
- May 25, 2022
- 2 min
Sales Tax & Use Tax & Economic Nexus
If you are a Retailer, Wholesaler or an E-commerce business owner who sells and ships inventory goods to multiple states, our Tax &...
Louay Homsi, E.A.
- Feb 17, 2022
- 3 min
2022 Important Tax Due Dates and Deadlines
The Internal Revenue Service (IRS) Data Book is published annually by the IRS and contains statistical tables and organizational...
Louay Homsi, E.A.
- Jan 13, 2022
- 2 min
Working from home? You may be eligible for home office tax deduction.
Currently, if workers are getting a W-2 from their employers, they are not eligible to deduct the expenses tied to having an office at...
Louay Homsi, E.A.
- Jan 8, 2022
- 3 min
Crypto is treated as property by the IRS
Ben Franklin once said “Nothing is certain except death & taxes”, to that point, if you were enjoying the blockchain currencies and you...
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