5 Common Tax Myths Debunked College Student

5 Common Tax Myths Debunked

Myths surrounding income taxes are as common as mosquitoes this time of year. Everyone wants to save money (we want you to save money, too), but people have a habit of believing these myths and getting into hot water with the IRS or State of Maryland. Some of these tall tales are actually rooted in fact, but most of them are pure fantasy. Keep reading to learn about the most frequent myths we hear at S.H. Block Tax Services, as well as the origin of each and whether there’s even a shred of truth to the fiction. Read more

Identity Theft Tax Fraud

Identity Theft, Tax Fraud, and Protecting Your Anonymity

If someone has stolen your identity, there are several outcomes, and none of them are pretty. Identity theft can decimate your credit, empty your bank account, and rack up your bills — fast!

Not only that, but identity thieves also sometimes use their victims’ identities to file fraudulent returns and steal their refunds. In fact, according to the IRS, identity theft has become the most common form of tax fraud in the United States.

Keep reading to learn more about this growing problem, as well as some proven methods to protect yourself from identity thieves. Read more

Common Tax Scams

Protect Yourself From These 5 Common Tax Scams

Tax scams are one of those misfortunes that most people believe they’ll never have to deal with. Unfortunately, these scams are far more common than you might think, and they can affect many aspects of your life, such as your bank account, your credit score, and even your personal property and business assets — among several others.

Every year, the IRS releases a list of the 12 most common current tax scams, which they refer to as “The Dirty Dozen.” In this article, we’ll review the top five scams on their list for 2018, explain how they work, and provide helpful tips to keep you, your family, and your business safe and secure. Read more

Eric M. Bielitz

Meet the Newest Member of the S.H. Block Team, Eric M. Bielitz

S.H. Block Tax Services recently expanded our staff by welcoming Eric M. Bielitz to our dedicated team. Mr. Bielitz has joined the firm as an associate attorney focusing on tax resolution. He began working with S.H. Block Tax Services in February of 2018, but his interest in the law goes back much further than his recent hire.

Recently, I sat down with Eric to discuss his background, his goals for the firm and our clients, and his interests away from work. Keep reading to learn more about Mr. Bielitz, his passion for the law, and his desire to help Maryland taxpayers resolve their tax issues and re-enter compliance with the IRS and the State of Maryland. Read more

Misconceptions About Tax Lawyers

Great Expectations: What Your Tax Attorney Can and Can’t Do for You

When individuals and small business owners get in over their heads with their taxes, they often contact a tax resolution attorney to help them square their problems with the IRS or their state government — and with good reason!

Most tax resolution lawyers have years of specialized training and experience working with clients just like you, but that doesn’t mean they can solve all your problems overnight. However, if you choose the right firm, they may be able to help you reduce or even eliminate your tax issues within a reasonable time frame. But it’s important to set reasonable goals from the start and follow your attorney’s instructions to the letter if you want them (and by extension, you) to succeed. Read more

History of Taxes

The True Cost of Independence — An S.H. Block Retrospective

America’s tax history might be the most complicated of any modern nation. To celebrate our Independence Day, we decided to delve into that history and explore some of the historic moments that helped shape our modern income tax system. Read on to learn more. Read more

Substitute Return

Did You Know the IRS Can File a Substitute Return on Your Behalf?

If you fail to file your tax returns for one or more years, you might get an unpleasant surprise and find that the IRS has filed a substitute tax return on your behalf. When the IRS or State of Maryland decides to do this, they simply base the substitute return on whatever information they have at their disposal.

Unfortunately, when a taxation entity, the IRS, or State of Maryland files your return for you, they won’t bother to look for the best deductions and write-offs. And in some cases, their computer programs might even overstate your tax liability. Read more

tax fraud

What Is the Difference Between Tax Fraud and Negligence?

Every year, millions of Americans feel a twinge of worry and doubt when they finalize their tax returns with their signature and e-file or mail them to the IRS and their state government.

Their anxiety is justified, as seemingly minor mistakes can land taxpayers in serious hot water, even after filing an amended return. These errors, omissions, and typos could potentially lead to an audit, severe fines, or even jail time, so it’s important that you fill out your taxes accurately and file them on time. Read more

Estate Administrator Responsibilities

What Are the Tax Responsibilities of an Estate Administrator?

Losing a close friend or loved one is always a heartbreaking event, but when that loss is coupled with the responsibilities of managing their estate, the ensuing stress and grief can feel overwhelming.

If you have been named as the administrator for a loved one’s estate, the following information should alleviate some of that stress, and it can help you achieve a smooth financial transition for the deceased person’s beneficiaries. Read more

How to Secure a Home Loan When Dealing With a Tax Lien

In most cases, mortgage lenders are willing to look past certain types and amounts of debts. However, when it comes to tax liabilities, things can get complicated in a hurry. If you’re behind on your federal income taxes, the IRS might place a lien on your property and assets, which can be especially concerning for lenders.

Thankfully, there are certain actions you can take actions to eliminate your tax issues and move forward with the home of your dreams. Read on to learn more. Read more