In Memory: Stanley H. Block (1932-2025). His legacy and guidance will continue through our service to clients.
Many taxpayers think that once they file their tax returns, there’s nothing they can do to fix or update them. Thankfully, that’s not the case. If you’ve made any errors or forgotten to include pertinent information on a recent Maryland or federal tax return, there’s likely still time to set it right by filing an […]
Understanding the subtle nuances of sales and use taxes can get tricky in a hurry — and accurately compiling, calculating, and filing sales tax returns can be even more difficult. But learning the basics of how these taxes work in the State of Maryland can set you on the path toward financial success. In this […]
If you have a significant tax debt and are looking for the fastest, most affordable way toward a resolution, then you should consider an Offer in Compromise, which is a major component of the IRS’s “Fresh Start” initiative. But first, you have to know if the effort is worth the outcome—which means you have to […]
For years, small businesses have enjoyed relatively low audit rates, but that’s about to come to an end. The IRS recently announced they will increase small business audits by 50% in 2021 and have begun intense hiring operations to ensure they have plenty of specialized auditors to do the deed. Whether you own a mom-and-pop […]
Whether you owe a few hundred dollars or hundreds of thousands, tax debt can be extremely stressful and have serious adverse effects on your personal and professional life, especially when it leads to a tax lien. Thankfully, there are many ways to reduce or even eliminate your tax debt entirely—one of which is to allow […]
Many small businesses and self-employed individuals are unsure of their annual tax filing requirements or if they even have to file a tax return at all. So, we wrote this blog to help you learn more about Maryland LLC tax filing requirements and how to efficiently and effectively file your business tax returns each year. […]
Many Americans have spent some or all of the last 18 months working from home due to the COVID-19 pandemic. Since working from home meant setting up some sort of office in our houses or apartments, many Americans are looking forward to claiming a office deduction on their taxes. Unfortunately, for most employees who made […]
If you own or manage a business and owe back taxes personally, outside of your business ventures, you might be wondering if the Internal Revenue Service can levy your business account to collect that liability. Thankfully, they cannot. However, an IRS levy against your business bank account is a very serious collection tactic and requires […]
For those of you who are facing a federal tax lien, you’re aware of the stress and anxiety involved in this difficult situation. While not an immediate collection action, a lien still represents a substantial escalation in the IRS’ attempts to recoup a tax liability and can make it difficult for you to sell or […]
If you’re ready to move into a new home, a tax lien can feel like an unbearable burden. You might worry that you won’t be able to get a mortgage or financing — and a looming tax lien might turn off potential buyers. If you’re facing this stressful situation, you should understand what a tax […]
