Woman with Medical Condition saves $78K The client was an elderly woman suffering from Parkinson’s and living on a fixed income. She relied on her Social Security to pay her bills. Her $80K in income tax debt to the IRS was the result of liquidating investments and retirement accounts to cover extensive medical bills and [...]

Are You Behind on Your Student Loan? An epidemic of student loan defaults is sweeping the country. Students, who previously were able to land solid jobs after college, now often find themselves forced to take lower-paying positions than they are qualified for while their higher-education credentials languish. Acutely pinched by the new economy, many thousands [...]

The Taxpayer Bill of Rights guarantees taxpayers fairness, quality service, prompt delivery of information, privacy, confidentiality and a timely and documented method to appeal any action brought against a taxpayer by the IRS. These are the Taxpayer Bill of Rights. […]

We at Tax Help MD were so impressed with this piece by the Internal Revenue Service, we are sharing it in total. It’s a comprehensive list of the most frequent scams sent during the early weeks of this year’s filing season. […]

No one enjoys paying taxes, but it’s even harder to pay taxes you are not required to pay. If you haven’t signed up for Obamacare and you are a family of four (married with two children), you are looking at a penalty of $285 for tax year 2014, and it gets worse. If you do [...]

You took the time to figure out your withholding and you know you have money coming back, so you filed early. Now, where is that refund check? Your options are to wait by your mailbox every day – or find less boring and more satisfying ways to locate your IRS cash. Here are a few [...]

Since 2001, we’ve seen more than 5,000 changes to the Tax Code. That’s nearly a change for every day gone by since 2001. It’s complicated and this doesn’t even factor in inflation-adjusted changes the IRS implements yearly. The tax code now is almost 4 million words long, and keeping up with the changes each year [...]

Imagine, after years on the job, your company requires you to complete a routine background check. You know you have nothing to hide, so you complete the documents, sign them and get back to work. Then, several months later, your boss calls you in his office to and explains the investigation has turned up “some [...]

Last Spring, the BLS (Bureau of Labor Statistics) released their projections for job growth through 2020. Despite the accepted belief we will benefit from “an economy built on manufacturing,” the BLS predicts US manufacturing employment will continue to decline through 2020, even as the overall economy grows. You can view the BLS findings here. [...]