At this time of the year, the last thing on the minds of most people is their taxes. This makes perfect sense when you consider that Tax Day 2018 is still so far away and there are so many warm weather activities to enjoy.While slowing things down during the summer...
Month: June 2017
Updating withholding information ensures you pay enough taxes
Your income taxes are probably something you only think about in the late winter or early spring when you file your return. If you are employed and use a W-4, your employer handles the withholding and payment of your taxes from each pay period. It's important to note...
Just how reliable is IRS.gov?
For years, the first stop for taxpayers and tax professionals with any sort of tax-related question was the Internal Revenue Service's phone line, which has always been staffed by agency employees during regular business hours Monday through Friday. However, as wait...
A closer look at the enforcement options Maryland uses to collect tax debt – III
In a series of ongoing posts, our blog has been examining how it's not just the Internal Revenue Service that has a host of collection options at its disposal, but also the Comptroller of Maryland. To that end, we've been exploring just how deep the agency's toolbox...
Understanding state income tax obligations: Corporations
When a group of entrepreneurs comes together with a shared vision for a product or service for which they believe there is a real demand, it can prove to be an exciting time. That's because there will be testing to undertake, financing to arrange, employees to hire,...
How concerned should I be about that IRS letter?
As you make your way to the mailbox these days, chances are good that your biggest fear may be a large credit card bill, a rejection letter for a job you really wanted, or an unwanted invitation.In other words, the last thing you expect to see in your mailbox is an...