According to The Nonprofit Almanac 2015, 1.41 million nonprofits were registered with the Internal Revenue Service in 2013. That same year, nonprofits accounted for 5.4 percent of the country’s gross domestic product, coming in at 905.9 billion dollars. In all, nonprofit organizations make up a huge part of our country’s GDP and overall economy. Despite […]
Understanding our country’s tax laws and regulations can be a very detail-intensive process. Many times, people commit tax fraud or evasion without realizing they are doing as such. Because of this, JDKatz was founded to offer tax law assistance for citizens in need. If you’re in need of a tax attorney in Maryland, we can […]
Our country’s system for collecting and managing taxes can present a unique matrix of complexities for its citizens. This statement is further strengthened when one is navigating the waters of tax-exempt organizations. If you’re in need of a tax attorney in Maryland for this reason, you’re in luck! JDKatz has been providing professional tax advice […]
For many, the laws and regulations of our tax organization can be a complicated obstacle course of technicalities and amendment forms. This statement can hold even more truth for entities that hold a 501(c) tax exemption status. Last week, we covered the basics of what a tax-exempt status is and what that entails. As premier […]
For the average American, the thought of IRS fraud and impending tax evasion penalties is far from the mind. Indeed, many citizens are blissfully unaware of the consequences of tax fraud, regardless of whether or not they are educated on the rules. Because of this, JDKatz tirelessly works as the premier tax attorney in Maryland […]
Our country’s tax system is often viewed as complex and intimidating. Here at JDKatz, we wholeheartedly agree! Our tax advice experts are on staff to help our clients navigate the numerous roadblocks and pitfalls that can ensnare the average citizen. Many Americans are simply misinformed or commit tax errors. If you fall into this category […]
Many American citizens are in the dark about the myriad of tax laws surrounding their finances. This is especially true when it comes to foreign financial accounts. The IRS has moved to combat banking secrecy abroad and is now in cooperation with foreign entities to ensure that citizens are above board with their tax status. […]
If you are facing an overwhelming tax bill that you can’t pay, there are legal options available to you to help you lower your total amount owed to the IRS. Our Maryland tax attorney has helped hundreds of clients do just that with something called an “offer in compromise.” What’s an Offer in Compromise? An […]
As a citizen of the United States of America, we are required to pay taxes on our income. This even counts for money that is earned outside of the United States for both individuals and corporations. For one reason or another, this doesn’t always happen. Yet there are stiff consequences for tax evasion. Because there […]
