S.H. Block Tax Services, Author at SH Block Tax Services

Understanding the Similarities and Differences Between Innocent and Injured Spouse Relief

May 8, 2019 in Tax Resources /by S.H. Block Tax Services

While there are many benefits to checking “married filing jointly” on your tax return, there could also be serious consequences if your spouse incurs significant tax debt or has encountered legal issues. An experienced tax lawyer can help you navigate these complicated matters and potentially avoid penalization for your spouse’s mistakes or misconduct. Read this article to learn more about innocent and injured spouse tax relief and how these programs could work in your favor if your spouse […]

Protect Yourself from Tax Identity Theft in 2019 with These Helpful Tips

April 16, 2019 in Tax Resources /by S.H. Block Tax Services

Tax season is over, and some taxpayers have already been alerted to a serious issue regarding their returns: identity theft. Along with opening new accounts and credit cards in your name, tax identity theft is one of the main uses for stolen Social Security numbers. Below, the tax professionals at SH Block Tax Services explain […]

Tax Season Is Right Around the Corner — Start Preparing Today! 

April 2, 2019 in Tax Resources /by S.H. Block Tax Services

Tax season is back, and for most people, it comes with plenty of anxiety and frustration. But tax time doesn’t have to be this way. There are some simple actions you can take to streamline the process and get ahead of the game. Now is the time to begin preparing for tax season, and if […]

4 Things You Should Never Do During Tax Season (and 4 Tips on What to Do Instead)

March 22, 2019 in Tax Resources /by S.H. Block Tax Services

Here at S.H. Block Tax Services, we look forward all year to National Tax Day on April 15. However, we recognize that most people’s stress levels steadily rise in the weeks leading up to tax-filing time and peak on April 15. In fact, a 2012 study analyzed 30 years of data and found that auto […]

Quarterly Taxes Are Due Next Month — Are You Prepared?

December 18, 2018 in Tax Resources /by S.H. Block Tax Services

For independent contractors and small business owners who pay quarterly taxes, another important date is right around the corner. The final quarterly payment for 2018 income taxes is due on January 15, which is now less than one month away. Some contractors and business owners struggle to budget throughout the year or fail to keep […]

New Law Creates Income Tax Cut for Independent Contractors

November 6, 2018 in Tax Resources /by S.H. Block Tax Services

While the merits and drawbacks of the Tax Cuts and Jobs Act are subject to constant debate on cable news networks and at water coolers around the country, experts from both sides of the political aisle agree the bill was designed to create significant tax cuts for corporations and wealthy individuals. However, if you look […]

S.H. Block Tax Services Can Help You File for CNC Status

October 24, 2018 in Tax Resources /by S.H. Block Tax Services

Our office has received several phone calls about filing for currently not collectible (CNC) status recently, but most of those callers had little knowledge about what the program entails or their potential eligibility. Of course, we’re happy to help anyone who comes to us with tax problems, but we thought we would take the opportunity […]

What a Trip! 5 Tax Tips for Vacation Rental Owners

October 16, 2018 in Tax Resources /by S.H. Block Tax Services

In recent years, vacation rental homes have become one of the preferred travel options for jet-setters around the world — especially in the United States. Companies like Airbnb, VRBO, and FlipKey have created a vacationing model that is both affordable and comfortable, and this model also provides a more authentic experience for visitors and their […]

An Extension to File Your Taxes Is Not an Extension to Pay Your Taxes

September 18, 2018 in Tax Resources /by S.H. Block Tax Services

An Extension to File Is Not an Extension to Pay — Contact S.H. Block Today to Resolve Outstanding Liabilities If you requested an extension to file your taxes last spring, you weren’t alone: the IRS estimates that more than 11 million people applied for an extension to file their taxes in 2017. Yet despite so […]

Are You Eligible for Currently Not Collectible (CNC) Status?

September 4, 2018 in Tax Resources /by S.H. Block Tax Services

If you owe the IRS or State of Maryland back taxes but are unable to pay them because of other financial obligations, you might be eligible for Currently Not Collectible (CNC) status. CNC status is a special designation which gives taxpayers a temporary hold on collections, during which time they are “protected” from collection efforts. […]

About S.H. Block Tax Services

Entries by S.H. Block Tax Services