Once the Tax Relief and Health Care Act of 2006 was established, an entity known as the IRS Whistleblower Office was born. This organization is tasked with receiving tips from citizens who have seen tax issues within their workplace or any other facet of their lives. The amount of money that goes unreported annually for […]
While we do reside in what many people believe to be the greatest country on Earth, the complicated nature of our nation’s tax structure provides individuals and business entities with the ability to take advantage of certain benefits and protections. The IRS has partnered with state authorities to help combat and minimize the prevalence of […]
When it comes to being audited, you’ll be hard-pressed to find someone who enjoys the process. The IRS or state authorities can put your income and tax deductions under close review to ensure that everything lines up. While proper bookkeeping practices are helpful in eliminating any future risks, businesses under scrutiny are put under a […]
Audits. The word alone strikes fear and anxiety into the hearts of many citizens. If you own and operate your own business, tax audits can be a major source of stress. While the IRS has been known to conduct audits on businesses across this great nation, states such as Maryland have aggressively conducted operations on […]
This country places a high emphasis on the value of starting your own business and building it from the ground up. Rolling up your sleeves and putting in the effort to achieve success helps to make the United States great. While this attitude inspires gusto, many small business owners are struggling with their tax liabilities […]
Benjamin Franklin stated that nothing in this world can be certain except for death and taxes. While often used facetiously, the fact remains that taxes are an integral part of our modern society. While sales and property taxes account for much of the tax deductions, a majority comes from state and local taxes (SALT) derived […]
In our country, we have a source of pride for commerce. If anyone has a dream and works hard, they can achieve success. However, disputes can arise for any number of reasons. Commercial litigation involves almost any type of issue that can occur in the business world, from contract disputes to embezzlement charges. When this […]
The legal aspects and tax demands for your enterprise will vary greatly based on the business structure that you choose. Each type holds its own unique benefits and drawbacks, so choosing the right one is vital for success. In our last blog, we looked at three of the six business structures that you can utilize […]
When it comes time to finally start that your dream business, a lot of steps need to be taken to ensure that everything is done correctly. From accidental tax evasion to improper payments, the business taxes associated with your company can quickly become very complicated. Hiring a trusted tax attorney for your Maryland or Washington […]
