Current Tax News

Latest Tax News and Developments

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15
Apr

The Ultimate Guide to Navigating Audits: What to Do When the IRS Comes Knocking

Tax season can be stressful enough with the deadlines and paperwork, but facing an IRS audit can add more anxiety. However, with the right preparation and understanding, navigating an audit can be straightforward. This guide aims to demystify audits, providing you with the knowledge and tools to handle them with confidence.

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04
Apr

Last-Minute Tax Moves to Consider Before the April Deadline

As the April tax deadline approaches, the pressure mounts for many of us who have delayed our tax preparation. Whether you've been procrastinating or caught up in life's busyness, now's the critical time to make some strategic moves. These last-minute tax tips can help you navigate the crunch time with potentially better outcomes for your financial health.

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27
Mar

Navigating Tax Extensions: A Comprehensive Guide

As the tax filing deadline looms, the pressure mounts for individuals and businesses alike. It's not uncommon to find oneself in need of additional time to gather necessary documents or navigate complex tax situations. This is where understanding the ins and outs of tax extensions becomes crucial. In this guide, we'll demystify tax extensions, including who should consider filing for one, the process of obtaining an extension, and key considerations during the extended filing period.

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19
Mar

Last-Minute Tax Filing Tips: How to Maximize Your Returns

As the tax filing deadline approaches, many individuals and businesses find themselves scrambling to get their documents in order and file their returns on time. Last-minute tax preparation can be stressful, but it doesn’t have to be a source of panic. With the right strategies, you can navigate this hectic period effectively, ensure compliance, and possibly even enhance your tax refund. In this guide, we’ll share essential last-minute tax filing tips to help you maximize your returns, minimize errors, and reduce your tax liability.

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15
Jan

Tax Resolutions for the New Year: Navigating Your Financial Journey with Confidence

As we embrace the New Year, it's the perfect time to set meaningful resolutions, particularly when it comes to managing our finances and navigating the complex world of tax law. Whether you're an individual taxpayer or a business owner, understanding the intricacies of IRS tax codes, including aspects like employment taxes, Medicare taxes, and social security taxes, is more crucial than ever.

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01
Jan

Small Business Tax Planning: Key Strategies for Success

Navigating the world of taxes can be particularly challenging for small business owners. With the New Year, it's a crucial time to refine tax strategies and ensure compliance with ever-changing tax laws

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15
Dec

Managing Business Finances: How to Create a Budget That Works

Managing business finances effectively is paramount to the success and longevity of any enterprise.

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01
Dec

Common Tax Mistakes to Avoid: Tips for Keeping Your Finances in Order

In the intricate landscape of tax law, even the smallest misstep can lead to significant consequences. From individuals to businesses, understanding tax codes and regulations is essential for maintaining financial stability and avoiding potentially costly mistakes.

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15
Nov

Exploring Tax Advantages: Health Savings Accounts (HSAs) and How They Fit in Tax Planning

In this blog post, we'll delve into the benefits of contributing to HSAs and how these contributions can align with your tax planning strategy.

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01
Nov

Year-End Generosity and Tax Benefits: Your Guide to Charitable Giving

Whether you're looking for "tax preparation near me" or need "tax help for seniors," this guide will walk you through the intersection of philanthropy and taxes.

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15
Oct

Tax Planning for High-Income Earners: Strategies to Manage Tax Brackets Effectively

In this blog post, we will explore strategic tax planning strategies specifically designed for high-income earners.

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04
Oct

Retirement Planning: Tax-Smart Strategies for a Secure Future

As individuals and small businesses look ahead to their golden years, retirement planning becomes a critical aspect of financial security. A well-thought-out retirement plan not only ensures a comfortable retirement but also offers tax-saving opportunities that can significantly impact one's financial future.

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15
Aug

Master Your Finances: Steer Clear of These Common Tax Mistakes

Filing taxes and learning about tax law can be a complex process, but avoiding common mistakes can save you from unnecessary headaches and potential penalties.

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02
Aug

Tips for Freelancers and Independent Contractors on Filing Taxes

Here, all freelancers and independent contractors will learn how to properly take care of their taxes and manage tax debt in order to avoid any issues on the back end! Read below to see more!

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14
Jul

Tax Implications of Weddings: Tips for Newlyweds and Couples

Weddings are joyous occasions filled with love and celebration, but they can also have tax implications that couples must be aware of.

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03
Jul

Tax Breaks for Homeowners: Exploring Deductions and Credits

In this blog post, we will delve into the world of tax breaks for homeowners, highlighting key deductions and credits that can benefit you. Let's explore how you can navigate the tax code world and make the most of these opportunities, all while staying informed about relevant tax laws.

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15
Jun

Post-Tax Season: Reviewing Your Tax Return and Planning for Next Year

Though the tax season is over, it is never too early to prepare for the upcoming year! Taking the time to assess your tax situation and plan ahead can help you make the most of available deductions, optimize your tax strategies, and avoid any potential pitfalls. By being proactive and staying informed, you can maximize deductions, minimize surprises, and set yourself up for a smooth and stress-free tax season. Don't wait - begin your tax planning journey today and reap the rewards in the future! In this blog post, we will discuss the importance of reviewing your tax return post-tax season and provide insights on how to plan effectively for the next year.

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01
Jun

Maximizing Tax Planning Strategies for the Second Half of the Year

Tax planning is a crucial aspect of financial management for individuals and businesses alike. As the second half of the year begins, it presents a prime opportunity to review your tax situation and implement effective strategies to optimize your tax position.

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15
May

FUTURE OF TAXATION: DIGITAL CURRENCIES & BLOCKCHAINS

As technology continues to evolve, the way we pay for goods and services is changing. Digital currencies like Bitcoin and Ethereum are becoming more mainstream, and blockchains are being used to securely store and track transactions. This has raised questions about how these technologies will impact tax compliance. As digital currencies and blockchain technology continue to gain traction, it's important for individuals and businesses to stay informed about how these developments may affect their tax obligations. So, if you want to learn more about the impact of digital currencies on tax compliance, keep reading!

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01
May

Navigating Tax Situations: A Guide for Individuals and Small Businesses

Navigating tax filings can be an intricate and complex process that requires a deep understanding of the legal framework surrounding tax debt, a bank levy, employment taxes, and estate law. For this reason, consulting with an attorney for tax debt or a business tax attorney can be highly beneficial. These legal professionals have the expertise necessary to guide individuals and small businesses through the complexities of tax law. Here, we will cover the intricacies of navigating tax situations for both individuals and small businesses, and we will discuss the importance of consulting with an attorney for tax debt or a business tax attorney, and how they can help ensure compliance with tax laws and regulations. We will also cover the role of a business tax attorney in providing guidance on deductions and navigating the collection process if necessary. To learn more, continue reading!

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17
Apr

IRS NOTICE OF DEFICIENCY IN TAX COURT

As a taxpayer, it's important to understand your rights when dealing with the IRS. One of the most important rights you have is the right to challenge an IRS Notice of Deficiency in Tax Court. This notice is a formal document that notifies you of a tax deficiency, or an unpaid tax debt, that the IRS has determined you owe.

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03
Apr

Unfiled Taxes: Understanding the Consequences and Importance of Filing Every Year

In this blog, we'll discuss the consequences of unfiled taxes and why it's important to file every year. We'll also touch on the importance of hiring a tax attorney to help with any tax debt issues.

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15
Mar

Unleash Your Productivity: How to Tackle Tax Debt and Win Back Your Time

Tax debt can also be a major burden and stressor for individuals and businesses. Here are some tips to help you tackle tax debt and win back your time.

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03
Mar

The Consequences of a Mistaken Tax Lien: What to Do When the IRS mistakenly files a Lien On You

A tax lien is a serious matter, and it is essential to take immediate action when the IRS mistakenly files a lien against the wrong person.

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15
Feb

Lifting the Burden: Understanding When the IRS Must Issue a Lien Release

Attention all business owners and individuals! Don't let the IRS wreak havoc on your financial stability.

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07
Feb

Navigating Tax Law: The Importance of Hiring a Business Tax Attorney to Address IRS Garnishment and Wage Garnishment

Are you facing the nightmare of IRS garnishment and wage garnishment?

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01
May

General Overview of Maryland Tax Amnesty Program, May 2015

Maryland Governor Larry Hogan recently signed Senate Bill 763 (Chapter 50, Acts of 2015), requiring the Comptroller to create a Tax Amnesty Program (“Program”). /1

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New York Times Tax News Articles