As the 2014 filing season nears an end, the Internal Revenue Service today issued another strong warning for consumers to guard against sophisticated and aggressive phone scams targeting taxpayers, including recent immigrants, as reported incidents of this crime continue to… Read More
Blog
-
Employers Must Use Revised Form I-9, Employment Eligibility Verification
U.S. Citizenship and Immigration Services (USCIS) reminds employers that beginning May 7, 2013 they must use the revised Form I-9, Employment Eligibility Verification (Revision 03/08/13)N for all new hires and reverifications. All employers are required to complete and retain a… Read More
-
IRS Increases Mileage Rates for 2013
The Internal Revenue Service today issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2013, the standard mileage rates for the… Read More
-
New Income Tax Surcharge to hit in 2013
A new tax 3.8% income tax surcharge will become effective on taxable years beginning on and after January 1, 2013. These new surcharges have been put into place to help finance the recent healthcare reform. This surtax will apply an… Read More
-
Maryland Homestead Tax Credit
By the end of 2012, all Maryland homeowners must reapply for the Homestead Tax Credit, which helps offset large assessment increases for property tax purposes in a given year. The law requires the state government to limit increases in the… Read More
-
Employers hit by rising health costs look to high-deductible plans
There’s a good chance during open enrollment this fall that you will be offered a high-deductible insurance plan with a savings account — if you haven’t already been nudged into one. Increasingly, employers are offering this as a way to… Read More
-
14 tax issues to watch after the election
These personal tax matters could see changes in 2013, depending on who wins the White House. Whatever happens in the election on Nov. 6, the next Congress and president will face a heaping helping of unfinished tax business. Here’s the… Read More
-
How to Get a Transcript or Copy of a Prior Year’s Tax Return from the IRS
Taxpayers should keep copies of their tax returns, but if they cannot be located or have been destroyed during natural disasters or by fire, the IRS can help. Whether you need your prior year’s tax return to apply for a… Read More
-
Creating More Sales Tax Collectors
How the enactment of so-called “Amazon” or “affiliate nexus” laws may provide states with more sales tax collectors. In the first half of 2011, five states enacted laws that modify the definition of retailer for sales-tax purposes in the hopes… Read More
-
Trademarks alone are not enough for income tax nexus
A recent West Virginia case is a reminder that the use of intangibles in a state does not automatically lead to a finding of income tax nexus. In May, the West Virginia Supreme Court, famous for its 2006 MBNA ruling… Read More