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May 2014 Archives

Federal Tax Liens

As we noted last week, a federal tax lien has potentially catastrophic consequences, with the Internal Revenue Service (IRS) placing notice on all or almost all of your assets. There are some steps that can be taken to prevent the worst-case scenario from playing out. Paying the tax is the easiest and fastest means of obtaining a release of a tax lien. However, we understand that many individuals and businesses that receive a notice of tax lien may not have the cash ready to pay the amount, or may dispute some parts of the IRS's calculation of the tax owed. Given the seriousness of this situation, representation by an experienced tax attorney is important.

Bitcoin Taxation

Guidance from the Internal Revenue Service establishes that bitcoins and other types of digital money will be taxed as property rather than currency.

Former Mayor Acquitted in Criminal Tax Prosecution

The ways of the Internal Revenue Service (IRS) can often be somewhat inscrutable. Why and how they choose to charge and prosecute tax crimes can often seem puzzling. The calculus is probably complex when the Service begins a criminal tax investigation. It is always about the money. But there are thousands of potential cases where there may be significant amounts of money at stake.

$6 Tax Bill Costs Woman Her House

In some areas of the law, a person's mental state or their intent is important. Criminal law typically requires that one have a guilty mind, in addition to performing a criminal act for all of the elements of a crime to be satisfied. Tax law, generally, is not one of those areas.

Maryland Tax Attorneys
110 N Washington St, Ste 406
Rockville, MD 20850 | Map and Directions
Phone: 301 637 8130
Fax: 301-424-7047

Washington, D.C. Office
(By Appointment Only)
1025 Connecticut Ave NW
Suite 1000
Washington, DC 20036

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