Among other things, having the IRS after you for a tax bill can affect your ability to use funds awarded to you in a lawsuit verdict or settlement. Such money is meant to compensate you for some wrong done to you by another party, not enrich you. Being deprived of...
If you are facing tax problems, there are generally two types of professionals you can turn to for help: certified public accountants (CPAs) and tax attorneys. Although both professionals can potentially help with a given tax issue, if the issue involves a legal issue...
Back on March 8, we shared some potential red flags on your federal income tax return that raise your chances of having the IRS audit you. There is a lot of advice about how to avoid an audit out there, some of it accurate, some of it false. Today, we will share seven...
It’s the 11th hour: income taxes are due Apr. 18. That’s just four days from the date we wrote this post.People who have yet to file may be dreading having to spend the weekend filling out their tax return to avoid late penalties. But there is another option. The IRS...
Tax law often touches on other legal subjects, such as employment law. A Maryland business must be careful to avoid missteps in hiring workers, or state tax authorities could strike. A big issue for employers is how to classify its workers. Many businesses try to keep...
