Insights

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Can Bankruptcy Resolve Your Federal Tax Debt?

The filing of bankruptcy puts an immediate halt on all IRS collection activities and a release on... more
August 4, 2020
Blog

AICPA Asks IRS for Blanket 2019 Penalty Relief Due to COVID-19 Pandemic

As the COVID-19 pandemic continues to create unprecedented disruption and economic uncertainty, the... more
Blog

CARES Act Triggers Maryland’s Automatic Decoupling

On June 12, 2020, the Maryland Comptroller issued its report to the Governor and General Assembly... more
July 16, 2020
Blog

IRS, You’ve Got Mail…Eleven Million Pieces of It

As the Internal Revenue Service (IRS) begins to recall its employees throughout the month of June,... more
Blog

Maryland Expands Pass-through Entity Tax to Circumvent Federal SALT Limitation

Maryland has become the most recent state to adopt a workaround to the federal $10,000 state and... more
May 26, 2020
Blog

New HSA Contribution Limits Released for 2021

The IRS recently released Revenue Procedure 2020-32, the 2021 annual contribution limits for... more
May 21, 2020
Blog

Home Office Deduction During COVID-19

Historically, the home office deduction has been available to anyone who has had to work from home... more
May 18, 2020
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IRS to Permit Mid-Year Health Plan Changes

As part of the Federal Government’s ongoing response to the COVID-19 pandemic, the IRS issued... more
May 13, 2020
Blog

Qualified Improvement Property Changes Under the CARES Act

As businesses and individuals continue to deal with COVID-19 and look to survival and recovery, the... more
May 7, 2020
Blog

Paycheck Protection Program Guidelines for Schedule C Filers

The Treasury Department issued an Interim Final Rule on April 14, 2020 providing additional... more
April 20, 2020
Blog

Funding Relief Strategy for Businesses with Defined Benefit Plans in Light of COVID-19

Employers who maintain defined benefit pension plans, cash balance or traditional, should be aware... more
April 10, 2020
Blog

Will COVID-19 Alter Business’s State Tax Footprint?

The COVID-19 outbreak and the efforts to slow the spread of the virus have resulted in many... more
April 2, 2020