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South Dakota v. Wayfair: What Does This Mean For My Business?
South Dakota v. Wayfair, Inc. was a U.S. Supreme Court case which ruled that states may charge... more
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Wayfair’s Impact on Multistate Income Taxes
States have acted quickly in response to the U.S. Supreme Court’s decision in South Dakota v.... more
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Is this a IRS Scammer? Check for Yourself.
Each year, many taxpayers receive IRS scammer calls from individuals purporting to be IRS agents,... more
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Older Taxpayers Can Use IRA Distributions to Get a Charitable Deduction
With the passage of the new tax reform act, many taxpayers will now be claiming the standard... more
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IRS Issues Practice Aid on S Corporation Stock Basis Ordering Rules
In early January 2018, the IRS issued a practice unit on the S Corporation stock basis ordering... more
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Selling Cannabis: Are Your Expenses Tax Deductible?
State legislation has now been passed in 30 states to legalize cannabis for medical or recreational... more
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The Capitalized Costs of Cannabis
In 1937, Congress ratified the Marijuana Tax Act which made it illegal under federal law to deal in... more
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Maryland Comptroller Issues Guidance on Approved Wayfair Regulations
The Maryland Comptroller has issued a tax alert instructing out-of-state vendors on how to apply... more
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The Taxpayer Bill of Rights – Don’t Underestimate It’s Power
In 2014, the IRS adopted the “Taxpayer Bill of Rights,” which places the burden on the IRS to... more
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Senators Introduce Bipartisan Bill to Improve IRS Inefficiencies
On July 26, 2018, Senators Rob Portman (R-OH) and Benjamin Cardin (D-MD) introduced the Protecting... more
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Maryland Tax Alert: Comptroller Submits Draft Emergency Regulations in Response to Wayfair
On August 2, 2018, the Maryland Comptroller submitted a proposed emergency regulation to the... more
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Maryland Bolsters Cybersecurity Tax Incentives
Legislation recently enacted by the General Assembly makes Maryland the first state to incentivize... more