Of all the forms involved in filing your tax return, tax form 1040 might just be one of the most important. This form is one of a few that helps you file your annual federal taxes,...
Posted by M-E Accounting & Tax Services, Inc. on 02/01/2016
If you owe the Internal Revenue Service a large amount of money from previous tax years, and have not answered correspondence or started a payment plan, you may end up with a lien...
Posted by Margaret Tabb on 01/30/2016
If you received dividend income for 2015, you will need to report this income to the IRS and to the State of Maryland. Dividend income is divided into two categories by the IRS,...
Posted by Margaret Tabb on 01/30/2016
Come tax season, your ultimate goal when it comes to filing your return is to maximize your tax savings. There are several ways to this both throughout the year with investment options...
Posted by Cassandra Collins-Patterson on 01/30/2016
Do you happen to be the charitable type? Depending on which organization(s) you chose to donate your time, money, or goods to, you may be able to deduct those donations on your tax...
Posted by Joseph J. Gormley CPA on 01/30/2016
For most investors, and even certain tax accountants, sorting through the multifaceted IRS rules on investment taxes can undoubtedly be a nightmare. Drawbacks abound, and the consequences...
Posted by Horizon Client Services, LLC on 01/30/2016
The first step when it comes to filing your federal tax return is going to be deciding just how you’re going to file. The first major question you’ll need to ask yourself is “Should...
Posted by Shannel Reed on 01/30/2016
Rules for determination of amount, timing, character and source of foreign currency gains and loss are present in code section 988. Following transactions are included in code section...
Posted by The Accounting and Tax on 01/28/2016
For many individuals, tax time can be frustrating. Changes to the tax code can often mean that last year’s deductions might not apply anymore or you no longer qualify. Working with...
Posted by AccuraTax LLC on 01/28/2016
