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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
Blog

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
Blog

Is this a IRS Scammer? Check for Yourself.

Each year, many taxpayers receive IRS scammer calls from individuals purporting to be IRS agents,... more
Blog

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
October 8, 2018
Blog

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
October 1, 2018
Blog

Selling Cannabis: Are Your Expenses Tax Deductible?

State legislation has now been passed in 30 states to legalize cannabis for medical or recreational... more
September 26, 2018
Blog

The Capitalized Costs of Cannabis

In 1937, Congress ratified the Marijuana Tax Act which made it illegal under federal law to deal in... more
September 24, 2018
Blog

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
Blog

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
Blog

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
August 17, 2018
Blog

Maryland Bolsters Cybersecurity Tax Incentives

Legislation recently enacted by the General Assembly makes Maryland the first state to incentivize... more