No one wants to find themselves in arrears with the government, let alone for a significant amount. Thankfully, those who find themselves owing a large sum to the Internal Revenue Service (IRS) may find that they have more options to pay their bill than those who owe...
Month: August 2022
When doing a voluntary disclosure, how much is enough?
Our tax system is based on the expectation that taxpayers pay their tax bills. A failure to voluntarily comply with tax obligations can result in fines, penalties, and even potential imprisonment. Those who have failed to comply in the past and want to come into...
What Business Owners Need To Do When Closing Their Doors For Good And The IRS
When Your Client is Closing its Doors for Good & the IRS: File a final tax return and related forms are Required for the year everything is closed. Employees Must be paid their final wages/compensation and federal tax deposits must be made in the year of last...
2022 Sales Tax Holiday Reminder
Maryland Comptroller Peter Franchot reminds taxpayers that this year's sales tax holiday for back-to-school items occurs from Sunday, August 14, 2022 through Saturday, August 20, 2022. Any single qualifying article of clothing or footwear priced $100 or less,...