February 17, 2020

The Maryland Department of Assessments and Taxation (SDAT) has announced that the state is ready to accept 2020 Annual Reports and/or Personal Property Tax Returns. In order to maintain good standing status, all business entities formed, qualified, or registered to do...

February 17, 2020

Tax season for 2019 tax returns started 1/27/2020 with the opening up of IRS e-filing for 2020. Make sure you make an appointment with us sooner rather than later. Partnership and S-corporation returns are due 3/15/2020 and personal and C-corporation returns are due 4/...

July 1, 2019

Washington DC has a new Paid Family Leave program that requires almost all employers with employees working in DC to contribute to a new paid family leave (PFL) tax to fund the program.The DC PFL tax is an employer-only contribution based on employee’s wages beginning...

May 17, 2019

A class action lawsuit filed this week in California has added to the legal woes for Intuit over its free file options. The company is already under pressure from Congress and the State of New York over its website and search engine practices with regard to its free fi...

February 9, 2019

Our clients typically follow the pattern of taxpayers in general--they are split into two groups--people who are accustomed to receiving an income tax refund and file their taxes early, and people who wait until April (or later) to pay what they expect to owe. This yea...

January 10, 2019

The Maryland Department of Assessments and Taxation (SDAT) today announced that the state is ready to accept 2019 Annual Reports and/or Personal Property Tax Returns. In order to maintain good standing status, all business entities formed, qualified, or registered to d...

January 8, 2019

After sixteen days of partial federal government shutdown, the IRS has set the date that is prepared to start processing 2018 tax returns. Returns can be filed beginning on January 28th and that it will pay tax refunds even if the shutdown is still in effect as of that...

January 4, 2019

Those of you who own rental real estate, whether a former home or just an investment property, probably already know that losses by rental properties can only be written off against passive investment gains and not against ordinary (active) income (such as that reporte...

December 30, 2018

The Maryland State Department of Assessments and Taxation (SDAT) announced this week its 2019 reassessment of 696,947 residential and commercial properties. The overall statewide increase for “Group 1" properties was 9.1%; this is the first reassessment since 2008 wher...

November 30, 2018

As the calendar nears the last month of the year, be warned: If you're 70½ or older, do not forget to take your required minimum distribution.

Required minimum distribution is the amount you must withdraw from your pre-tax retirement accounts every year. That money is t...

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