Lowrance Law, LLC

Lowrance Law has relocated! The new office is located at 4010 University Drive, Suite 102, Fairfax, VA 22030. We will send out notices in the near future, and we will change the address on our website soon.

Meanwhile, you can reach us via e-mail and the usual telephone number- 703 506 1600.

Keep in touch.

Bill Lowrance

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After a long absence of posts, the Lowrance Law blog is coming out of hibernation. Future posts will include tax issues related to the new Affordable Health Care Act, tax issues for divorces, settling your debts with the IRS or the Virginia Department of Tax, filing tax returns inadvertently missed filing in past years, and many other tax and legal issues especially in the Commonwealth.

I especially want to introduce a new employee, Cari Lyn Pierce. She is an active member of the North Carolina Bar, but not a member of the Virginia State Bar yet. She is an outstanding attorney with excellent legal skills. She will be posting several posts on the tax issues related to the Affordable Health Care Act.

My office is relocating and after completing the move I will announce our new location.

Here is to the future,

Bill Lowrance
Your Virginia tax attorney

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IRS Not Increasing Mileage Rate Even With Higher Gasoline Costs

May 16, 2011

The IRS has spoken. It has has no current plans to increase the standard mileage rate of 51¢ per mile for business miles driven, despite the big boost in gasoline prices. Simplified deduction method. The optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) is 51¢ per mile for business […]

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April 15, 2011

The IRS issued a press release advising taxpayers of payment options when you file your income tax return. The release is IR 2011-42. I have placed it in the blog below. The most important thing for you to know is if you owe taxes but you cannot pay the full amount file your tax return […]

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Got A Letter From The IRS? What To Do?

April 13, 2011

The IRS just sent out IRS Tax Tip 2011-73. The notice gives you the IRS view of what to do if you receive a letter from the IRS. Read this over and do not panic. If you need assistance with the IRS, please contact me at 703 506 1600. I handle audits, examinations and litigation […]

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Divorce Tax 101 – What You Need to Know About Taxes & Divorce

March 31, 2011

On March 22, 2011 I gave a lecture for the Fairfax Bar Association (Fairfax Bar) Tax and Family Law Section at the Fairfax County Courthouse on key issues of Divorce Taxation that supplied Continuing Legal Education Credit for all Virginia attorneys present. The event was very well attended. My presentation on divorce taxes, which may seem […]

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More Employment Audits–Independent Contractor vs. Employee

May 21, 2009

The IRS is planning more employment tax audits and examinations over the next three years.  A national research project is underway right now and the IRS has announced that it will conduct detailed employment tax examinations of certain taxpayers.  The selection process for taxpayers has begun and the program will last for three years. The […]

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Offshore Accounts–Disclosure to IRS

May 7, 2009

 Here are a couple of the FAQs the IRS published yesterday on its web site regarding offshore accounts:  1. Why did the IRS issue internal guidance regarding offshore activities now? The IRS has had a voluntary disclosure practice in its Criminal Manual for many years. Once IRS Criminal Investigation has determined preliminary acceptance into the […]

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IRS FAQs–Offshore Accounts & Voluntary Disclosure

May 7, 2009

Yesterday, May 6, 2009, the IRS posted on its website FAQs on more details of the settlement offer for unreported offshore income.  The FAQs discuss the recently announced program for voluntary disclosure to the IRS of offshore bank accounts.  The official Voluntary Disclosure can be found Click Here.  Those meeting the terms of the disclosure […]

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Offshore Accounts — Open Up

March 13, 2009

Switzerland, Austria and Luxembourg agreed to share secret banking information in cases of tax evasion on Friday.  Basically, these havens are agreeing to the OECD standards on financial information sharing.   Of course, this is not an open season on the bank and financial information.  These countries will consider various requests from other countries for banking […]

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