Six Tips to Help You Pay Your Tax Bill this Summer
Originally Published in IRS.GOV If you get a tax bill from the IRS, don’t ignore it. The longer you wait the more interest and penalties you will have to pay. Here are six tips to help you pay your tax...
View ArticleTen Things to Know about Identity Theft and Your Taxes
Originally Published in IRS.GOV Learning you are a victim of identity theft can be a stressful event. Identity theft is also a challenge to businesses, organizations and government agencies, including...
View ArticleTax Strategy: The ACA Marches On
Originally Published in ACCOUNTINGTODAY.COM The Supreme Court’s recent King v. Burwell decision upheld the availability of the Code Sec. 36B refundable credit for premiums paid for health insurance...
View ArticleTax Cut Pays Part of Its Way in Test of Republican Scoring
Originally Published in ACCOUNTINGTODAY.COM (Bloomberg) A bipartisan U.S. Senate bill that would revive and extend dozens of lapsed tax breaks would spur economic growth and cover about 11 percent of...
View ArticleSenate Committee Report Accuses IRS of Mismanagement in Tax-Exempt Scandal
Originally Published in ACCOUNTINGTODAY.COM Leaders of the Senate Finance Committee have released a bipartisan investigative report on the scandal involving the extra scrutiny the Internal Revenue...
View ArticleIRS Flouted Procedures When Selling Seized Property
Originally Published in ACCOUNTINGTODAY.COM The Internal Revenue Service did not always follow its own procedures when selling some of the property it seized for unpaid taxes, according to a new...
View ArticleYear-End Tax Tips for Businesses
Originally Published in ACCOUNTINGTODAY.COM The National Society of Accountants is offering some year-end tax tips for businesses, courtesy of Wolters Kluwer Tax & Accounting US. Consider several...
View ArticleYear-End Tax Tips for Individuals
Originally Published in ACCOUNTINGTODAY.COM The National Society of Accountants has released some suggested year-end tax tips for individuals, courtesy of Wolters Kluwer Tax & Accounting US....
View ArticleBeyond the Extenders: The Tax Legacy of 2015
Originally Published in ACCOUNTINGTODAY.COM With so much attention being paid to the end-of-the-year passage of the tax extenders legislation, it is important to remember that an array of federal tax...
View ArticleIRS Taxpayer Advocate Service Employee Charged in Identity Theft Scheme
Originally Published in ACCOUNTINGTODAY.COM An employee who worked in the IRS’s Taxpayer Advocate Service at a job assisting identity theft victims has instead been charged with running a $1 million...
View ArticleTax Alert | Get ready for tax season using IRS Online Account
IR – 2021-36, February 11, 2021 WASHINGTON – The Internal Revenue Service today reminded taxpayers they can securely access their IRS account information through their individual online account. The...
View ArticleTax Alert | RELIEF Act Unemployment Grants
The RELIEF Act provides assistance to Marylanders who received unemployment insurance (UI) benefits or whose UI claims have been in adjudication for at least 30 days. MARYLAND–For Marylanders who...
View ArticleTax Alert | Tips to help taxpayers spot and avoid tax scams
IRS Tax Tip 2021-30, March 8, 2021 WASHINGTON – Tax season is also busy season for savvy criminals. Scammers impersonating the IRS either over-the-phone, by email or in-person can steal money from...
View ArticleThe Third Stimulus Plan
In early March, President Joe Biden signed a sweeping COVID pandemic relief package into law. The milestone political victory gives $1,400 to most Americans and directs billions of dollars to state and...
View ArticleATTENTION Small Businesses! New 2021 1099K Filing Requirements
If you are a freelancer or self-employed “gig worker,” you will likely need to file a 1099-K when filing your taxes this year. When President Joe Biden signed the American Rescue Plan Act (ARPA) into...
View Article2021 Shuttered Venue Grant Opening Soon
Thanks to the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act, as well as the amendment by the American Rescue Act, the Shuttered Venue Operators Grant begins accepting...
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