Blog
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
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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
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CARES Act Triggers Maryland’s Automatic Decoupling
On June 12, 2020, the Maryland Comptroller issued its report to the Governor and General Assembly... more
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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
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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
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New HSA Contribution Limits Released for 2021
The IRS recently released Revenue Procedure 2020-32, the 2021 annual contribution limits for... more
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Home Office Deduction During COVID-19
Historically, the home office deduction has been available to anyone who has had to work from home... more
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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
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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
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Paycheck Protection Program Guidelines for Schedule C Filers
The Treasury Department issued an Interim Final Rule on April 14, 2020 providing additional... more
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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
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