25 Years Of Positive Results
You and your spouse may have owned a successful business together, leaving you very well off. However, as is the case with many family-owned businesses in the Washington D.C. metro area, one spouse would be responsible for some tasks such as paying self-employment...
IRS Defines Restaurant to Qualify for 2021-2011 100% Food & Beverage Deduction: See, Notice 2021-25, 2021-17 IRB; IR 2021-79, 4/8/2021 IRS Updates FAQ on Second Economic Impact Payments for example if it was lost, stolen, or you didn't receive...
The simplest mistakes pertaining to your business taxes can have severe implications that can leave you hit with enormous fines. These penalties can threaten you and your business with financial ruin. As stressful as that may sound, you shouldn’t let your fear...
More and more Americans are earning a significant portion of their income in foreign countries. Individuals who earn foreign income in 5- and 6-figure (or more) amounts are often concerned about whether this income is taxable in the United States. Citizens of foreign...
Cryptocurrency has become an extremely popular way to buy and sell goods and services. It has also become an enticing investment opportunity for many new investors. However, as the world becomes more and more interconnected, cryptocurrency has taken center stage. Many...
Bitcoin and other forms of cryptocurrency are growing in popularity in Maryland, Washington D.C. and across the world. People who are using this new form of currency may be excited about being involved in a potential game-changer that will be prominent in the future....
Employers to Defer WH Tax DEPOSITS(Notice 2020-65, 2020-38 IRB 1). Employees who earned less than $4,000 in wages every two weeks between 9/1/20 and 12/31/20 are able to use this deferral. With this deferral, the employer is required to pay all applicable taxes...
Federal taxes are a regular and unenjoyable occurrence that Americans deal with every year. As spring approaches, individuals who live in the DC metro area pull together their income documents to file their taxes, receive their refunds, or pay their tax bills. For...
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...
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...
