Tax season is stressful for many Washington D.C. residents, but can be even more stressful for couples going through a divorce. Couples whose divorces are not finalized on or before December 31 of the previous year may choose to file a joint tax return. There are many...
Month: February 2021
Maryland Sales Tax Holiday
For years, ENERGY STAR appliances have been a worthwhile investment for homeowners. Many Maryland residents have wanted to invest in new appliances that not only work better, but also run more efficiently. These unique appliances are designed to use less energy while...
February, 2021 – IRS Tax Law Update Report
IRS Small Business/Self-Employed Division (SB/SE) temporarily modifies levy procedures for Paycheck Protection Program loans whereby employees are to (1) if the taxpayer secured a PPP loan, the amount; and (2) where and when the funds were deposited. Further, SB/SE...
Tax filings and liability of a sole proprietorship
Owning your own business is a major accomplishment; however, it is a task that requires much planning and preparing for. Not only does a business owner in Washington, D.C. and elsewhere need to form the business and create a business plan so it operates properly, he...
When the IRS comes calling
Getting a letter from the IRS can shake the toughest entrepreneur or financial professional. No one wants to hear the government's most powerful collections agency is reaching out to them. At those times, you should find a lawyer knowledgeable in tax law. They're...