Dark Side of IRS Audits: What Maryland Taxpayers Need to Know
Dark Side of IRS Audits: What Maryland Taxpayers Need to Know Table of Contents Back to all Blogs For Maryland taxpayers, the arrival of an IRS audit notice is a moment of reckoning. It’s not just a letter—it’s a summons to justify every financial decision you’ve made, often stretching back years. The IRS doesn’t send […]
Can a Lawyer Assist if You’re Accused of Tax Fraud?
Can a Lawyer Assist if You’re Accused of Tax Fraud? Table of Contents Back to all Blogs The minute Michael came into my office, I could tell the world was bearing down on him. A very successful business owner in Rockville, Maryland, he was staring down what appeared to be a nightmare come true—a possible […]
Why You Require an IRS Criminal Attorney in Maryland for Tax Crimes
Why You Require an IRS Criminal Attorney in Maryland for Tax Crimes Table of Contents Back to all Blogs Here’s how it goes: John, a Rockville small business owner, walks into our office, ashen-faced, holding in his hand a letter from the IRS. His hand shakes as he barely whispers, “I never intended to do […]
What’s the Difference Between a CPA and a Tax Attorney?
What’s the Difference Between a CPA and a Tax Attorney? Table of Contents Back to all Blogs Tax issues can hit you at the most inopportune moments. I’ve had dozens of business people and Maryland residents wake up one morning with complicated fiscal bullseyes on their backs, questioning who can really assist them in getting […]
What’s the State and Local Taxes
What’s the State and Local Taxes Table of Contents Back to all Blogs As a business owner, it is crucial to be aware of the state and local tax concerns that can affect your operations. Understanding these issues can help you avoid penalties and unnecessary expenses while staying compliant with relevant tax laws. One common […]
Conservation Easement Tax Deduction and Recent Disputes with the IRS
Why Your Will Should Be a Trust: A Look into Tax Advantages Table of Contents Back to all Blogs The Conservation Easement Tax Deduction was introduced by the Internal Revenue Service (IRS) in 1976. The program provides landowners with tax benefits when they agree to protect their land from development and environmental degradation. However, this […]
Tax Debts and Travel Woes: Don’t Let IRS Collections Leave You Passport-less
Why Your Will Should Be a Trust: A Look into Tax Advantages Table of Contents Back to all Blogs Having trouble paying back taxes? Unfortunately, IRS Collections can have serious consequences that go far beyond just money. In extreme cases, if you owe a certain amount to the IRS, they may even decide to revoke […]
Pursuing An OIC
Pursuing An OIC Table of Contents Back to all Blogs Setting up an OIC with the IRS may seem daunting at first, but with a bit of research and preparation, it can be a manageable process. The Offer in Compromise (OIC) program allows taxpayers to settle their tax debt for less than the full amount […]
Got A Trust Fund Recovery Penalty Notice?
Got A Trust Fund Recovery Penalty Notice? Table of Contents Back to all Blogs Are you facing a trust fund recovery penalty? If yes, don’t panic. There are several steps you can take to resolve the issue and come out on the other side without feeling too much of a financial sting. The following are […]
Should You Withdraw Your ERC Claim?
Back to all Blogs Should You Withdraw Your ERC Claim? Table of Contents Are you a business owner who claimed the Employee Retention Credit (ERC) during the COVID-19 pandemic? If so, you may have received some important news from the IRS. On October 19, 2023, the IRS announced that individuals can withdraw their ERC claim, […]