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...
Back Taxes or Tax Debt
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,...
A closer look at the enforcement options Maryland uses to collect tax debt – II
Earlier this month, our blog spent some time discussing how those individuals who find themselves in the unenviable position of not having made payment arrangements with the Comptroller of Maryland's office or being unable to comply with these arrangements should know...
A closer look at the enforcement options Maryland uses to collect tax debt
Given that we are nearly a month removed from Tax Day 2017, most individuals are free to redirect their attention to more pressing -- and likely more exciting -- matters.However, there are some for whom this is not an option owing to unresolved personal income tax...
Sage advice for those who haven’t filed their taxes yet
The end of tax season came quickly and abruptly last week. Indeed, the days leading up to the federal income tax filing deadline may have been very stressful for procrastinators. Those who completed and filed their returns should breathe easy. But for those who did...
You are entitled to an appeal of your tax situation
People and businesses all across the state of Maryland often have to deal with the Internal Revenue Service, and they may have even suffered action at the hands of the IRS. If you are behind on your taxes or if you owe the IRS tax debt, then it is highly unlikely that...
Are long term care insurance premiums tax deductible?
If there’s one thing about tax season that everyone can agree upon, it brings out the saver in everyone. Who wouldn’t want to use every way legally possible to figure out how to reduce one’s taxable income in order to get a refund check? Income tax refunds are...
Private debt collectors stand ready to collect past due tax debt
With the calendar turning to April, the federal income tax filing deadline is just over two weeks away. But for those businesses and individuals fretting over the inability to pay their tax bills, there may be a larger problem looming. Private debt collectors now...
Deductions that go beyond ‘creative’
With the federal income tax filing deadline bearing down us, many small businesses will review all the expenses they had in 2016 with the mind of finding as many deductions to reduce their taxable income. The math here is simple. The more the deductions one might...