The word choate is one that Maryland residents might not be familiar with. If something is choate, it is considered to be justifiable against other claims. This concept generally comes into play when the IRS puts a lien on a person's property for failing to pay an...
Most Maryland taxpayers dread the thought of getting audited by the Internal Revenue Service. While the risk of being audited is relatively low, experts say there are a few innocent errors that could increase a person's chance of landing in the audit pile.For example,...
Obtaining and maintaining significant assets overseas is often an excellent component of any portfolio, but is not without its own set of complications and potential headaches. This is especially true when it comes time to file income taxes.Some individuals may need...
Tax season does not always result in federal tax refunds for people in Maryland. A variety of reasons could cause someone to owe taxes at the end of the year and face challenges in coming up with the money for the Internal Revenue Service. According to the IRS, tax...
You owe money for back taxes. You know it and the IRS knows it.However, you've also moved overseas. You haven't actually lived in the United States in some time, and all of your money is in a bank outside of the country.You know that the IRS has a lot of power to...
The probability that Maryland residents will be audited by the Internal Revenue Service is pretty low. In fact, less than 1 percent of all tax returns will be selected for an audit. However, there are certain types of entries on a return that may compel the IRS to pay...
