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 […]
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.
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 […]
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 […]
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, […]
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 […]
This post was written by our friends at Larry L. Bertsch, CPA & Associates, a top certified public accountants firm that has been offering quality accounting and tax preparation services to the entire Las Vegas market since 2003. For help with your business accounting and tax prep needs, please contact them to schedule a free consultation by calling […]
Individuals who work for themselves — freelancers, S corporation shareholders, etc. — make income that isn’t subject to income tax withholding from the IRS or the State of Maryland. However, these people still have to pay income taxes on their earnings. Unfortunately, every year, millions of these individuals find themselves totally unprepared when they […]
If you filed your income taxes and discovered that you owe the IRS or the State of Maryland, you have several options when it comes to repayment, even if you can’t pay the entire sum at once. (If you haven’t filed yet, be sure to do so before the April 17 deadline, as failure to […]
Tax Season Is Right Around the Corner — Start Preparing Now! With tax season on the horizon, now is the time to begin preparing to file your returns, especially if you haven’t filed in recent years or have a history of tax liabilities. Regardless of your situation, every year there are certain steps you can […]
