Not sure how income tax works?

The following section explains basic tax terminology, concepts and procedures currently being used by the IRS.

Deductible Taxes

What taxes are deductible?

State, local, and foreign income taxes withheld from your wages during the year appear on your Form W-2 and are deductible.

You can elect to deduct state and local general sales taxes instead of state and local income taxes, but not both. If you choose to deduct state and local general sales taxes, you can use either your actual expenses or the optional sales tax tables.

Foreign income taxes imposed on you by a foreign country, or a United States possession are generally deductible either as a deduction or a tax credit. As an employee, you can also deduct mandatory contributions to state benefit funds that provide protection against the loss of wages.

Deductible real estate taxes include any state, local, or foreign taxes on real property levied for the general public welfare, which are charged uniformly against all real property in the jurisdiction at a like rate. However, taxes for local benefit taxes for improvements to property, such as assessments for streets, sidewalks, and sewer lines, are not deductible. Nevertheless, you can increase the cost basis of your property by the amount of the assessment. Local benefits taxes become deductible if they are for maintenance or repair, or for interest charges related to those benefits.

If a portion of your monthly mortgage payment goes into an escrow account, and periodically the lender pays your real estate taxes out of the account to the local government, do not deduct the amount paid into the escrow account. Only deduct the amount actually paid out of the escrow account during the year to the taxing authority.

Deductible personal property taxes are those based only on the value of personal property such as a boat or car, charged yearly, regardless of the frequency of collection.

Some taxes and fees you cannot deduct on Schedule A include federal income taxes, social security taxes, transfer taxes (or stamp taxes) on the sale of property, homeowner’s association fees, estate and inheritance taxes, and service charges for water, sewer, etc.

To ensure you properly claim deductible taxes, consider hiring a professional. Contact us today at 888-557-4020.

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tax deductions you may be eligible for with our informative guid

Estimated Taxes

What is Estimated Tax?

Estimated tax refers to the method used by individuals, businesses, and other entities to pay taxes on income that is not subject to withholding tax. This typically includes income from sources such as self-employment, interest, dividends, rents, and gains from the sale of assets.

Self-employed taxpayers are generally required to make estimated tax payments to the government throughout the year, typically on a quarterly basis. These payments are intended to cover the individual’s or entity’s tax liability for the year, thus ensuring that they do not owe a large amount of tax when they file their annual tax return.

The penalty for not making properly estimated tax payments varies depending on the tax laws of the jurisdiction and the circumstances of the taxpayer. However, in the United States, the Internal Revenue Service (IRS) imposes penalties for underpayment of estimated tax.

The penalty typically applies if you fail to make sufficient estimated tax payments throughout the year, or if you fail to pay the required amount by the quarterly due dates. The penalty is calculated based on the amount of underpayment and the interest rate set by the IRS.

To avoid the underpayment penalty, the general rule is that you must pay either 90% of your current year’s tax liability or 100% of the previous year’s tax liability (110% if your adjusted gross income exceeds a certain threshold), whichever is smaller, through estimated tax payments or withholding.

It’s essential to accurately estimate your tax liability and make timely estimated tax payments to avoid penalties. If you find that you’ve underpaid, you should work to rectify the situation as soon as possible to minimize penalties and interest charges.

To better understand your liabilities and find a solution to break the never-ending cycle of owing, consider discussing your options with a professional. Contact us today at 888-557-4020.

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How to Figure Estimated Tax

Calculating estimated tax involves estimating your total income for the year, determining your expected deductions and credits, and then calculating the tax owed based on those estimates. Here’s a general process for figuring estimated tax:

Estimate Your Income: Project your total income for the year from all sources, including self-employment income, interest, dividends, rental income, and any other taxable income.

Estimate Deductions and Credits: Estimate your deductions and credits for the year. This can include standard deductions, itemized deductions (such as mortgage interest, state and local taxes, and charitable contributions), and any tax credits you expect to claim.

Determine Taxable Income: Subtract your deductions and credits from your income to calculate your estimated taxable income.

Calculate Estimated Tax Liability: Use the estimated taxable income to determine your estimated tax liability. This can be done using the tax rates and brackets for your filing status.

Consider Withholding and Payments: Take into account any taxes withheld from your paychecks, as well as any other tax payments you’ve made during the year, such as quarterly estimated tax payments or withholding on other income sources.

Make Quarterly Payments: Pay estimated taxes quarterly, typically by April 15th, June 15th, September 15th, and January 15th of the following year, unless the due date falls on a weekend or holiday.

File and Reconcile: When you file your annual tax return, reconcile your estimated tax payments with your actual tax liability. You may receive a refund if you overpaid or owe additional taxes if you underpaid. If you owe money to the taxing authorities, your refund will be applied to your past tax obligations.

To better understand how to estimate your tax payments, consider contacting a professional.

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Income Tax and Payroll Deductions Explained

Payroll Taxes and Federal Income Tax

Payroll taxes and federal income taxes are both types of taxes that individuals may encounter in the United States.

Payroll Taxes: These are taxes withheld from an employee’s wages or salary by their employer to fund various government programs. Payroll taxes typically include:

Federal Insurance Contributions Act (FICA) Taxes: This includes Social Security and Medicare taxes, which fund these social insurance programs. Social Security tax is a flat percentage of income up to a certain limit, while Medicare tax is also a percentage of income but without an income limit.

Federal Unemployment Tax Act (FUTA) Tax: This tax funds unemployment benefits for workers who have lost their jobs. It’s paid by employers only, not employees.

Federal Income Taxes: These are taxes paid to the federal government on an individual’s income earned throughout the year. The amount of federal income tax owed depends on factors such as total income, filing status, deductions, and credits. Federal income taxes are typically withheld from an employee’s paycheck by their employer based on information provided on Form W-4. Employees may also need to make additional estimated tax payments throughout the year if their withholding is insufficient to cover their tax liability.

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Exemptions

An exemption on a tax return refers to an amount that taxpayers could deduct from their taxable income for themselves, their spouses, and eligible dependents, thereby reducing the overall taxable income. Each exemption reduced the amount of income subject to taxation.

Historically, exemptions were a significant component of the U.S. federal income tax system. Prior to the Tax Cuts and Jobs Act (TCJA) of 2017, taxpayers could claim a personal exemption for themselves, their spouses (if filing jointly), and each qualifying dependent. The value of the exemption was subtracted from the taxpayer’s gross income to arrive at their taxable income.

However, the Tax Cuts and Jobs Act (TCJA), signed into law in December 2017, made significant changes to the U.S. tax code. One of the major changes was the elimination of personal exemptions for tax years 2018 through 2025. Instead, the standard deduction was substantially increased, and the Child Tax Credit was expanded, which was intended to offset the elimination of personal exemptions for many taxpayers.

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Understand Tax Exemptions and Save Money

Tax Credits

The number of tax credits available to taxpayers varies depending on their jurisdiction (such as country or state) and their individual circumstances. Tax credits are incentives provided by governments to reduce the amount of tax owed by individuals or businesses. They can be refundable or non-refundable and may be targeted towards specific activities, such as education, childcare, energy efficiency, or research and development.

In the United States, for example, there are numerous tax credits available at the federal level, including but not limited to:

Earned Income Tax Credit (EITC)
Child Tax Credit (CTC)
American Opportunity Tax Credit (AOTC)
Lifetime Learning Credit
Adoption Tax Credit
Child and Dependent Care Credit
Residential Energy Efficiency Property Credit
Foreign Tax Credit
Health Coverage Tax Credit (HCTC)
Saver’s Credit (Retirement Savings Contributions Credit)

In addition to federal tax credits, many states and local jurisdictions also offer their own tax credits, which can vary widely depending on local laws and policies.

To ensure you correctly claim your tax credits, consider contacting a professional. Contact us today at 888-557-4020.

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Dependents

For tax preparation purposes, a dependent refers to an individual—usually a child or relative—who meets specific criteria set by the Internal Revenue Service (IRS), and whose support contributes to the taxpayer’s household expenses. Claiming dependents on a tax return can result in various tax benefits for the taxpayer, such as tax credits, deductions, and exemptions.

To be considered a dependent for tax purposes, the individual must meet the following criteria:

Relationship: The individual must be a qualifying child or a qualifying relative. Qualifying children typically include biological or adopted children, stepchildren, foster children, siblings, or descendants of any of these individuals. Qualifying relatives can include parents, grandparents, siblings, aunts, uncles, nieces, nephews, or other relatives. Parents for example don’t need to live with the taxpayer to be claimed as dependents.
Residency: The dependent must have lived with the taxpayer for more than half of the tax year. Certain exceptions apply for temporary absences, such as for education, medical care, military service, or vacation.
Support: The taxpayer must have provided more than half of the dependent’s financial support during the tax year. This includes expenses for housing, food, clothing, education, medical care, and other necessities.
Citizenship or Residency Status: The dependent must be a U.S. citizen, U.S. national, U.S. resident alien, or a resident of Canada or Mexico for some part of the tax year.
Age: There are specific age requirements for qualifying children. Generally, a qualifying child must be under the age of 19 at the end of the tax year, or under the age of 24 if a full-time student for at least five months of the year. There is no age limit for qualifying relatives.

To ensure you correctly claim qualifying dependents, consider contacting a professional. Contact us today at 888-557-4020.

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Claim Dependents and Reduce Tax Liability

Earned Interest? Understand Tax Obligations Now

Interest Income

Interest income is the charge for the use of borrowed money. In most cases, you will earn interest if you lend your money to others. Your money earns interest when deposited in accounts at banks, savings and loans, or credit unions, used to purchase certificates of deposit or bonds, or lent to another individual or business. Interest is considered unearned income because money, rather than a person, generates the income. Taxable interest income can be earned through savings and checking accounts, U.S. Savings Bonds, savings certificates (certificates of deposit or CDs), or money market certificates.

Tax-exempt interest income is earned from bonds issued by entities in states, cities, counties, or the District of Columbia, including port authorities, toll-road commissions, community redevelopment agencies, or qualified volunteer fire departments.

Record Keeping for Tax Refunds Made Easy

Refund, Amount Due, and Record Keeping

Taxpayers receive refunds when their total tax payments exceed their total tax liabilities. Refunds can be issued either by check in the mail or via direct deposit. If a taxpayer owes back taxes, the IRS will retain any refunds and apply them towards the outstanding balance.

Taxpayers must pay an amount due when their total tax liability exceeds their total tax payments. Payment options include check, money order, credit card, or direct debit (for electronic filers only).

Maintaining accurate records is essential for taxpayers to properly prepare their tax returns and substantiate items reported on their tax returns.

Self-Employment Income/Self-Employment Tax

A business is defined as a continuous, regular activity with income or profit as its primary purpose. Independent contractors are considered self-employed individuals. Self-employed workers maintain control over the methods and means of performing services for others, in contrast to employers who direct or control the work of their employees.

Self-employment profit is the result of self-employment income exceeding self-employment expenses. Self-employment profit increases the taxable income. Conversely, self-employment loss occurs when self-employment income is less than self-employment expenses.

Similar to Social Security and Medicare taxes, self-employment tax is imposed on self-employed individuals.

The current self-employment tax rate in the United States is 15.3%. This rate consists of two parts:

12.4% for Social Security tax on the first $147,000 of net self-employment income for the tax year. This includes both the employee and employer portions of Social Security tax.

2.9% for Medicare tax on all net self-employment income. This includes both the employee and employer portions of Medicare tax.

It’s important to note that the 12.4% Social Security portion of the self-employment tax only applies to net self-employment income up to the Social Security wage base, which is $147,000 for the tax year 2022.

However, tax rates and income thresholds may change over time due to legislative updates or changes in tax laws. Therefore, it’s advisable to consult with a professional regarding the most recent tax guidelines or the current self-employment tax rate.

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Self-Employment Taxes: A Comprehensive Guide

Effortlessly Transmit Your Tax Return Online Today

Tax Return Transmission

Tax return transmission refers to sending your tax return to the taxing authority. There are several ways to transmit your taxes:

By mail: You can send your tax return by mail. You can find your local office address inside the tax form or online.

Electronically: Tax returns can also be transmitted electronically through the following methods:

Via computer: Online, self-prepared.

Using an Authorized IRS e-file Provider/Tax Professional.

There are numerous benefits to having a professional prepare and transmit your tax returns. Key advantages include the confidence that your taxes are completed accurately and the speed at which you receive your refund.

FILING STATUS

The IRS recognizes several filing statuses, each with its own standard deduction amount. Here are the most common filing statuses and their corresponding standard deductions for the tax year 2023:

Single: This status is for individuals who are unmarried, divorced, or legally separated according to state law as of the last day of the tax year. The standard deduction for single filers in 2023 is $12,750.

Married Filing Jointly: This status is for married couples who choose to file one tax return together. The standard deduction for married couples filing jointly in 2023 is $25,500.

Married Filing Separately: This status is for married couples who choose to file separate tax returns. The standard deduction for married individuals filing separately in 2023 is also $12,750.

Head of Household: This status is for unmarried individuals who provide a home for a qualifying dependent. The standard deduction for heads of household in 2023 is $19,125.

Qualifying Widow(er) with Dependent Child: This status is available to individuals who are widowed, have a dependent child, and meet certain other criteria. The standard deduction for qualifying widow(er)s in 2023 is $25,500.

It’s important to note that standard deduction amounts may vary from year to year due to inflation adjustments and changes in tax laws. Additionally, taxpayers may choose to itemize deductions instead of taking the standard deduction if it results in a larger tax benefit.

Make sure you choose the correct filing status and maximize your return by contacting us at 888-557-4020.

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Oct 28, 2015

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Nov 2, 2015

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Nov 3, 2015

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Nov 3, 2015

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Nov 4, 2015

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Nov 12, 2015

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Jul 1, 2016

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Nov 18, 2015

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Nov 23, 2015

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Jul 10, 2016

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Sep 1, 2016

I sleep better at night. I had multiple years of state and federal taxes that had not been filed. To complicate things I was recently divorced. Dean and his staff worked overtime to resolve my issues. All I provided was the documents and answered a few questions. I received no further action from state or federal till I got an email explaining the resolution. I have had a problem pop up since and again it was quickly resolved. Thanks

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Feb 22, 2017

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Feb 22, 2017

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Apr 7, 2017

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Aug 29, 2017

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Oct 3, 2017

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Dec 8, 2017

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Jan 31, 2018

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Feb 9, 2018

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Feb 10, 2018

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Steve

Feb 20, 2018

I was skeptical as to what the outcome I was skeptical as to what the outcome would be, but things turned out as Daniel had foreseen.

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Feb 27, 2018

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Mar 1, 2018

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Mar 22, 2018

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Apr 6, 2018

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Apr 6, 2018

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Apr 10, 2018

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Apr 19, 2018

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Apr 19, 2018

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Apr 20, 2018

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Apr 30, 2018

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May 1, 2018

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May 3, 2018

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May 7, 2018

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May 9, 2018

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May 10, 2018

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Jun 4, 2018

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Jun 4, 2018

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Jun 13, 2018

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Jun 15, 2018

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Jun 14, 2018

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Jun 14, 2018

I had a great experience with this I had a great experience with this company, they always kept me informed and always addressed any concerns I had quickly.

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Jun 18, 2018

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Jun 25, 2018

They took an interest in helping me and They took an interest in helping me and followed through with what they said they could and could not do.

Evelyn Byndon-Williams & Rick Williams

Jul 2, 2018

After the Radio advertisement After the Radio advertisement. I contacted same, and did receive

Lester Eisenbarth

Jul 7, 2018

Dean does exactly what he said he does Dean does exactly what he said he does. Great to work with and knows what he's doing. Katia does my taxes now much cheaper than i was paying. Thank you tax help md.

Romando

Jul 17, 2018

Dean and his team communicated with me Dean and his team communicated with me in a professional manner and genuinely cared about my best interest. They worked with me from start to finish and I appreciate their help and support.

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Jul 24, 2018

they are the best tax people i've ever they are the best tax people i've ever dealt with, thanks alot

Matthew Frye

Jul 24, 2018

These guys have done an excellent job These guys have done an excellent job I've had many tax returns due. They accommodated me as of my money Finance situation and they have got everything done for me. I sure appreciate them and look forward to having my taxes done from them from now on..

Daniel Delgado

Jul 26, 2018

If you are in full PANIC MODE? Please read full Are you in full PANIC MODE and don't know what to do!? Please read to the end. THIS WILL HELP YOU! Best Service Ever! Where do I begin? I will take it from the beginning, I am a Texas Resident, and I have been working outside of my home state. I was very naive of the tax laws and regulations. So recently I was slammed with a wage garnishment from a local Revenue Agent while working in Ohio. To this I panicked like there was no tomorrow. I couldn't imagine providing for my family with the left over wages the IRS agent left me with. As anyone else would be, I was intimidated, and frightened for my livelihood, how am I supposed to provide for my family with 1/8 of my paycheck. Being the average Joe that I am , I was quick to judge TaxMD as a scam, I understand now the process of how TaxMD came across my tax information. Mr. Dean Michael and his staff mentioned two things:

James Frazier

Jul 31, 2018

Awesome job thanks for all your help I Awesome job thanks for all your help I would definitely recommend tax help MD

Lori Shaw

Aug 8, 2018

Due to some health issues I had become Due to some health issues I had become disabled and unable to work which left me in a bind with the IRS...TaxHelpMD came to the rescue and got the issues resolved satisfactorily for me, quickly, and such friendly courteous service from day one even though I had financial difficulties I was never made to feel like a failure. The whole process was done very efficiently and with such concern and resolution...I recommend them to everyone I know or even just meet when I hear of trouble with the IRS. Thank you, Russell, Dean, Dennis and anyone else that handled my case from the bottom of my heart I thank you and God bless you!

Edmundo Castillo

Aug 10, 2018

Tax Help Md has an amazing staff of Tax Help Md has an amazing staff of knowledgeable professionals that can solve any tax issue, specially when dealing with a difficult agent.

Roland

Aug 14, 2018

Got me out of a big jam Got me out of a big jam. I can sleep better not having to worry about the Irs knocking on my door.

Beth

Aug 17, 2018

Tax Help MD has ALWAYS been Tax Help MD has ALWAYS been professional, friendly, prompt, and efficient. In the years that I have dealt with them I have had no complaints at all. Their advice has been helpful particularly in dealing with the IRS. You cannot find a better group to help you with your taxes!

Aline Hartnett

Aug 18, 2018

I was happy to get the results I needed I was happy to get the results I needed from contacting Tax Help MD. They really helped me out in no time at all! I will be using them again when tax season comes around! Thank you Dean Michael !

Keith Boone

Aug 24, 2018

it was so easy to get the answers we it was so easy to get the answers we needed to clear up our situation...the consultant was very responsive and did a search for us that cleared my name off a debt that was not mine. Thank you

Francis

Sep 12, 2018

Deeply impressed by MyTaxHelp I was deeply impressed by the prompt and compassionate manner MyTaxHelp handled my case, resulting in the ideal result I was seeking. And they still continue to be there to guide and advise me. Wonderful

Juan Parilo

Sep 20, 2018

Great timely service Great timely service

Steve Bauer

Sep 27, 2018

From the very first phone call Dean From the very first phone call Dean Michaels and his entire staff make you feel at ease, several years ago I had a much larger tax issue and choose to use a different company to work with the IRS. I paid these people a ridiculous amount of money to basically set up a payment plan that I really couldn’t afford. I only wish I had heard Dean on the radio at night sooner. The fact that he can relate to what your going through makes a huge difference, after the first couple conversations that helpless feeling is gone, you begin to feel like this isn’t the end of the world!! So without a doubt these are the people to call if you need any type of tax help. Dean and his staff were a pleasure to work with, thx for helping me.

Dan Westin

Oct 1, 2018

TaxMD: Dean and his team is the most sincere Dean and his team is the most sincere and honest team I have ever worked with. No bs, no pitches, just hard truth. And their hard and knowledgeable work. Reminds me of some of my own most dedicated teams creating tremendous value to its clients.

Katherine

Oct 6, 2018

Helpful and Reliable I have worked with companies in the past that claimed to provide help with back taxes. They took my money, but did not provide the services they promised. Not so with My Tax Help MD. From the first day I contacted them, there has been forward motion. I am happy with my current results and with the ongoing support I receive from My Tax Help MD.

Jayme

Oct 14, 2018

Tax Dr Tax Dr. Dean Michaels I want to thank you for personally assisting my friend recently after I spoke with you on American Trucking Network. I appreciate your continued support of the ATN network and the work you do to educate and make the lives of us Drivers better. I know you went above and beyond in your service to my friend and I will recommend your services to all of my friends.

David Bunney

Oct 17, 2018

Good people...got me out of a jam with Good people...got me out of a jam with the IRS. Very knowledgeable.

Thomas Shaw

Nov 7, 2018

It is a very competitive market for Tax It is a very competitive market for Tax Help. I did a fair amount of research on the industry as there are some not so honest companies out there. This company provides timely professional information and closes the case. I really appreciated the support during what is a rather stressful situation. Yes I would recommend.

C. S.

Nov 9, 2018

Very helpful and constantly keeps in Very helpful and constantly keeps in touch by calling or through emails.

Jennifer Johnson

Nov 21, 2018

There are too many good things to say There are too many good things to say about Tax Help MD, than will fit in this box. I have been extraordinarily blessed to get to work with them over the past two years. They were the first company to be able to pull me out of the 7 year hole that I had been stuck in. They stopped all of the threatening letters and bank garnishments, and then went above and beyond to help me prepare for next tax season. Possibly more significant though, is the fact that they accomplished all of that while treating me with the utmost respect and compassion. From the president of the company (who is literally a superhero) all the way through his staff, someone was always available and eager to help. They are life-changers

Randy Dye

Nov 21, 2018

The people at tax help are absolutely The people at tax help are absolutely the best. I owed the irs over 6. Figures and they solved my problem. Absolutely the best

Willie Campbell Jr

Nov 25, 2018

Hi William Campbell,Jr my experience Hi William Campbell,Jr my experience with Tax Help MD. was very professional with the service to back it up. Dean Michael and Howard and the staff got my information and within a week and 2 days my payment was lower and better. Thanks for all the work that you all put in to make it happen. 678-499-0327 Willie Campbell.Jr

Willie Campbell Jr

Nov 27, 2018

My Best Decision To Call Tax Help MD. My. experience. after making the call to Tax Help MD was a major step to getting my payments to IRS. lower and back on track. I talked with Howard. and Dean. Michael. the owner of the company. Professional experience. at the best.Thanks for your help all of the company staff. To anyone else. that needs. help with any tax problems call now

Denise Gibson

Dec 13, 2018

They help me with my tax returns and They help me with my tax returns and got it all straightened out. Thank you

Wilbert Burney

Jan 17, 2019

Thanks for your service and support Thanks for your service and support with my tax program. You are not just about money, but about helping people relieve the stress of the IRS. Again thank you

Vicki Tate

Feb 8, 2019

Truly sayisfied! We got off to a bumpy start. However, TaxhelpMD worked diligently to help me and to make sure I understood how things worked and for my best interest.

Raymond Thompson

Feb 8, 2019

I have known Dean for many years from I have known Dean for many years from the Steve Sommers ATN. He has helped many drivers and he has helped me twice. The first time he started me on a installment plan. And now he just got me information on my current situation and everything is going to be fine. I was worried about how much I still owe and if I was going to get back in trouble. But he showed me everything and said I don’t owe him for that. Now that should tell you what kind of person he is. Thanks Dean. I will recommend you to anyone needing tax help

SallyWalsh

Oct 29, 2015

Tax Help Md I just want to say that I highly recommend this organization for your tax needs...they have well trained and pleasant people to work for them...they have been very helpful when I have needed help and just all around good experience with them...I have used their assistance for several years now.

SallyWalsh

Jun 10, 2019

Dean and Katia are good people and i Dean and Katia are good people and i have been with them for a few yrs and plan on keeping with them for time to come if they are willing...so i would give them and My Tax Help MD a 5

Arthur Trester Jr

May 14, 2018

Dean and His Staff Dean and his staff reviewed my taxes and a few days later Dean called me for a one on one consultation to discuss my options. He answered all my question's and put me at ease with my IRS problem's and how to best handle them....." I would recommend Dean and his company without hesitation"

Arthur Trester Jr

Jun 16, 2019

Dean and his staff are great Dean and his staff are great !!! My Tax Help MD looked over my taxes and in a couple days was back in touch with me with my options. We discussed what Dean thought may be the best plan for me. Now let me back up a little, I had a company working on this for over 10 years with no solution and with in a week or two Dean had an agreement worked out for me in less than 18 months i was free of the tax debt.I would highly recommend (My Tax Help MD) for any one that has a tax issue large or small. Art T Cincinnati,Ohio

Ron & Kathy Levert

Jun 14, 2019

We were so happy to get the help we We were so happy to get the help we needed to settle the litigation that we were in with the IRS! Dean and his staff did a great job and saved us thousands

Kevin Richardson

Jun 28, 2019

Tax MD actually does what they say they Tax MD actually does what they say they will do with no pressure to sell you on there service.

Angela Williams

Sep 16, 2018

If you need help with tax problems If you need help with tax problems, this is the company to call. They are very knowlegable and everyone I have worked with is a true gentleman and so helpful.

Angela Williams

Jul 2, 2019

Angie Williams Having some financial problems, and they were quick to respond and with their assistance and counsel, hope to find those in a manageable situation . At a very low point in my life, their encouragement and advice, is giving me a better outlook. Thank you, Tax Help MD, Angie Williams

Randy Harris

Jul 2, 2019

Tax Help MD took the pain out of my tax Tax Help MD took the pain out of my tax problems. They handled everything in a calm and professional manner with excellent follow up and communication. I feel so much better after getting this behind me.

William W.

Apr 18, 2021

Very easy to set up LLC Very easy to set up LLC, step by step help is available for you. I would highly recommend Zen.

Diane K. (Aliquippa, PA).

Aug 15, 2019

DEAN MICHAEL AND TAX HELP MD ARE THE BEST YOU CAN FIND I contacted Dean Michael in 2019, after hearing him on the Truckers Network Radio Station, 700 AM. I knew my sister in Virginia needed a lot of help concerning her Federal and State income taxes. She told me she had tried a tax help place before and they wanted to charge her every month while they worked on her problems. She was smart enough not to fall for this, thank goodness. After I spoke to Dean Michael I just knew these guys were honest. I am a retired law enforcement officer and have a good sense about people. I told them about my sister, and they did everything they told me they would do, per our agreement. They completed 7 years of tax returns for her, the years 2012 through 2018, and mailed them to her. Now we are waiting for her to return them to Dean so he could continue his work for her by filing the returns, Of course we are still waiting since my sister fails to do what she is supposed to do most of the time. That is why she is in the situation she is in. Dean Michael and his company fulfilled everything that they promised me they would do. I am so VERY VERY satisfied with them and would recommend them to anyone who has tax problems. They deserve 10 stars.

Theresa Quijas

Aug 14, 2019

So very helpful So very helpful, did a great job resolving my tax issues. Would highly recommend, very caring staff. . Thank you so much

David Kostack

Aug 30, 2019

The guys at Tax Md let me sleep at The guys at Tax Md let me sleep at night after my first consultation.They take the fear of the IRS out of you and put a peace of mind back in your life.I now get to sleep at night thanks to Dean.One hell of a guy loaded with knowledge of your situation.I can't say enough for the Tax Md crew.Yes I am aTransport Driver for the past 37 years but Dean can relate.Destination Excellence David Kostack

Andrew Davis

Sep 1, 2019

Outstanding Tax Expert My sincere and deepest gratitude to Dean Michael, C.E.O. Tax Doctor,8409 N.Military,Suite 109,Palm Beach Gardens,FL 33410, for getting me out of a mess that I thought was impossible. On October 6, 2009, a horrible work accident left me almost completely disabled.I had past tax problems going back many years, The fact that I could never work left me worried and wondering how was I ever going to take care of myself due to these past tax problems; but due to Dean's hard work and expertise, he cleaned it all up for me. I am now getting Workman's Comp for the rest of my life,Social Security Disability, and a settlement worth over 3 million dollars which covers all my medical expense, and the IRS can't touch it - thanks to Dean! I Thank God every day that Dean got me through my tax problem mess and saved me over a million dollars.

Randy H

Sep 10, 2019

RUSSELL GREENMMAN AND TAX HELP MD TOOK CARE OF MY TAX ISSUES AND SET MY MIND AT EASE Russell let me know from the beginning that Tax Help MD could resolve my tax issues. He worked with the IRS and myself and we have a working agreement to resolve the issue. Best organization I have ever worked with. Recommended.

Art

Sep 13, 2019

Economic Life Changer Tax Help MD was able to void all IRS penalties and several years of back taxes providing I keep current with my taxes. They were extremely flexible with my deposit and monthly payments as long as I communicated my needs. I never felt shame or guilt in resolving my tax issues due to their experience and professionalism. They also helped me with my business structure and payroll moving forward. It takes a great deal of effort to solve tax issues, but as long as I did my part, Tax Help MD was there with solutions.

Michael McDonald

Sep 17, 2019

Russel and Dennis were very proactive Russel and Dennis were very proactive and knowledgeable in helping resolve my tax/ IRS issues. I would highly recommend Russel and his company for any of your IRS needs. For the amount of work they performed they were very reasonably priced and worked a budget out where I could afford payments to accomplish my financial needs. Thanks for being professional, knowledgeable, and kind during a very stressful time!

Frank Jimmar

Sep 23, 2019

I heard of Tax Help MD through a radio I heard of Tax Help MD through a radio talk show that they occasionally do a live segment on. I'm looking to start my own business and needed help with figuring out what I may owe to the I.R.S. as a result of having not filed my taxes for a few years, and my agent Russell did exactly what they claim to do in there ads, they put my mind at ease. He was quick in his response time and straight to the point with what I needed to do. Now I'm looking forward to his help with getting my company established with the I.R.S. at the end of the year.

Ben Ferguson

Sep 25, 2019

Tax Help Professional, quick, thorough you could not ask for better assistance with your tax consultations.

Ray Sima

Dec 10, 2019

The team at Tax Help truly did help me The team at Tax Help truly did help me. Russell's crew and especially Russell talked me off a ledge when I was desperate for guidance.

Esther Rivera

Jan 8, 2020

Let me begin with my irresponsibility Let me begin with my irresponsibility (hot mess) receiving numerous letters of actions on property liens and other possibilities. With Tax Help MD letter it was not menacing. Once I spoke to Russel not only was he totally honest with me, he was re-assuring and he got the ball rolling. All I had to do is tell him yes or no. Thank you Tax Help MD and thank you Russel for answering the phone when I first called you never kept me waiting even called while you were on vacation to re-assure me.

Ted Darden

Jan 11, 2020

As most folks with a problem with the As most folks with a problem with the IRS I was very concerned, I called Tax Help MD and they took it from there. They took my information and deciphered my problems. Russell is the gentleman I worked with. He was knowledgeable and put my concerns to rest. He and the staff there are very professional and quickly worked out my problems. I am pleased to recommend Tax Help MD to anyone that needs tax help.

Bob Rice

Jan 30, 2020

Fantastic service Fantastic service. Russ led the team killing our debt and making it a smooth and easy process

Chris Bingamon

Mar 21, 2020

Always goes out of their way to get the Always goes out of their way to get the job done

Dwayne

Apr 7, 2020

They are very helpful and provide a They are very helpful and provide a clear path to move forward. They also communicate very well throughout the process and always respond to calls/emails.

Paul Jodarski

Apr 14, 2020

Dean did what he said he would do Dean did what he said he would do

A. Tafoya

Apr 30, 2020

Very professional Very professional. Worked out a plan with the IRS for past due taxes. Took the frustration and anxiety from me and dropped the total owed. Thanks

J Wilson

Aug 19, 2020

10 stars if I could Tax Help MD was recommended by my brother as they were able to help him with past tax issues. I was skeptical at first as I've had bad experiences with other companies in the past. I can't express enough the positive experience I've had with Tax Help MD. They walked me through the step by step process and their approach to how they could help with my tax issues. They were up front about their pricing and worked with me by setting me up on a payment plan as to not have to come out of pocket all up front. Without giving out personal details I had extensive outstanding issues with my past taxes, and within a couple of months they have all been resolved. I'm now current with my past taxes and no longer have to worry about the IRS. If i could give them 10 stars i would. Russell and Tony are amazing to work with and can help you too. Thanks again!!

Michael Higgins

Sep 3, 2020

Great service and people Dean, Russell and Hope have been great to work with over the past five years. They are upfront, honest, prompt and knowledgeable. I was with a national chain and was not getting my monies worth. Dean was actually on a truckers radio show at 2am live when I first heard of Tax Help MD. I have been more than pleased with everything about them since I switched over.

Tammy Clovis

Sep 21, 2020

They are absolutely amazing They are absolutely amazing! Fully present, knowledge and personable. We have already referred them to professional truck drivers.

Douglas Jensen

Jul 1, 2021

Best of the Best I was truly impressed by everyone at Tax Help MD. They quoted a price for the work that needed to be done. I was only charged for what they quoted. I worked with Gary, and he took time to explain everything that they were doing and how my case was progressing with the IRS and the state.

Roger & Kellie Starr

Jul 3, 2021

My husband and I have gone through Tax My husband and I have gone through Tax Help MD twice now to help us with our tax problems, both times we have been very satisfied with the service that they provide. They have always been friendly and understanding to our needs, we highly recommend Tax Help MD to resolve all your tax problems, they have been a life saver for us.

Bob

Dec 11, 2021

Why I Needed Tax Help MD Hello my name is Bob I live in Florida I want to share with you why I selected Tax Help MD. Each year I filed my income tax I owed the IRS.I had other bills to pay plus alimony payments that came out of my pay check I was already in the hole. I called the IRS to get on their payment program the rules were simple you miss a payment you are off the plan. Things were slow at my job my hours were cut in turn could not make the payment I was off the IRS payment plan. I was getting notices after notices they threaten to garnish my salary, take money from my bank account, and even take my car. I was way over by head I could not fight the IRS on my own.

Richard

Feb 2, 2023

Richard is an excellent Enrolled Agent Richard is an excellent Enrolled Agent. Richard also has a Master's degree in Taxation. Since 2018, he has been working at a big CPA firm in West Palm Beach.

Roman Harry

Feb 15, 2023

Awesome and friendly staff helped me to Awesome and friendly staff helped me to buy jackets and hoodies for me and they also helped me choose best sizings. Would be appreciated for their friendly customer service

Roman Harry

Feb 16, 2023

I recently had a lien placed on my I recently had a lien placed on my property and was in desperate need of help. I found Tax Help MD online and decided to give them a shot. They were extremely helpful, professional, and knowledgeable in the whole process. They answered all my questions promptly and provided me with the best advice possible. I'm so glad I chose them for my lien relief needs!

Contact Time
Mon - Sat: 24 hours
Phone Number
888-557-4020
Contact Email
info@taxhelpmd.com

Contact Time

Phone Number

Contact Email

Understanding Taxes

Deductible Taxes

Estimated Taxes

How to Figure Estimated Tax

Payroll Taxes and Federal Income Tax

Exemptions

Tax Credits

Dependents

Interest Income

Refund, Amount Due, and Record Keeping

Self-Employment Income/Self-Employment Tax

Tax Return Transmission

FILING STATUS

If you have outstanding tax obligations, call Tax Help MD. We may be able to resolve your financial obligations for a fraction of the amount you owe.

888-557-4020

Our Office Address

Phone

Email

Monday - Friday