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Maryland Tax Credit Refund Opportunity
The Howard County Circuit Court recently ruled that the
disallowance of a credit for income taxes paid to other states
against a resident’s l...
Identity Theft
Identity theft is a clear and present threat in our society. As
many as nine million Americans have their identity stolen each y...
Federal and State Income Tax Estimates
As you may know, the IRS has mandated electronic filing of 2010
individual income tax returns prepared by tax professionals.
In ...
Year End Tax Planning
As 2011 comes to a close, economic uncertainty continues to be a
hot topic in Washington, D.C. and around the world. The Joint
Select ...
Information Returns (Form 1099s)
This is to remind you that information returns are required to be
filed concerning payments for services to non-corporate taxpayers
an...
2011 Retirement Plan Contribution Limits
The 2011 dollar limit on the maximum permissible allocation under a
defined contribution plan is $49,000. The maximum amount of
annual compensation that may be taken into account on behalf of...
Social Security Number Protection
Many states and the District of Columbia have adopted laws intended
to prevent the theft of an individual’s
“identity†by protecting his or her
personal information, by restricting access to and...
2010 Traditional IRA to Roth IRA Conversion Opportunity
A change in Roth individual retirement account (IRA) conversion
rules has taken effect. Beginning in 2010, the adjusted gross
income (AGI) limitations that has prevented many taxpayers from
converting...
Time for post-filing season checkup
Your 2011 tax return has been filed, or you have properly filed for
an extension. In either case, now it’s time to start thinking
about important post-filing season activities to save you tax in...
Countdown to Supreme Court’s health care decision
After three days of oral arguments in March, the Supreme Court is
deciding the fate of the Pension Protection and Affordable Care Act
(PPACA) and its companion law, the Health Care and Education
Recon...
Congress eyes retirement savings plans in push toward tax reform
Proposals to reform retirement savings plans were highlighted
during an April 2012 hearing by the House Ways and Means Committee.
Lawmakers were advised by many experts to move slowly on
making ...
How do I: Compute Code Sec. 1231 gains and losses?
Code Sec. 1231 applies to gains and losses from property used in
the trade or business and from involuntary conversions. Normally,
you have to determine whether property is a capital asset or is
ordin...
FAQ: What is a family partnership?
The family partnership is a common device for reducing the overall
tax burden of family members. Family members who contribute
property or services to a partnership in exchange for partnership
interes...
May 2012 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important tax reporting and filing data for
individuals...
Newsletters
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As you browse through our Website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors (in our Internet Links section).
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