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. [...]

Corporate inversion as strategy is used by companies who receive a significant portion of their income from foreign sources, since income is taxed both abroad and in the country of incorporation. Companies undertaking this strategy are likely to select a country that has lower tax rates and less stringent corporate governance requirements. […]

Always Make Sure you: Identify who you’re dealing with. Only deal with sellers who display a physical address (not a P.O. Box) and working phone number. With Skype and Vonage – and many other web-based products, it’s hard to identify where a call originates. Search for the company online, and check [...]

Loathing taxes is a natural thing. It’s easy to forget – or simply enter the wrong information on your tax forms. The Internal Revenue Service has issued some tips and a series of videos to help filers avoid the common mistakes that could delay returns or even generate an audit. Here’s a list of a few of the most [...]

As 2014 passes the mid-point, it’s time to mid-summer tax review and make adjustments to ensure you’re minimizing your liability for the 2014 tax year. Here are some simple methods you should consider to increase your return and lighten up your tax burden. […]