November 18, 2022 | Special Required Minimum Distribution Rules for 2021 and 2022 for 401k Plan.
The Internal Revenue Service (IRS) released guidance (Notice 2022-53) on October 7, 2022 which delayed the implementation of the final...
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Nov 16, 2022 | The Maryland Digital Advertising Tax Found Unconstitutional in Maryland Circuit Court
A Maryland Circuit Court invalidated the State’s tax on digital advertising (Maryland Digital Advertising Tax) on October 21, 2022. The...
October 22, 2022 | Service Providers, Others May Receive 1099-Ks for Sales Over $600 In Early 2023
he Internal Revenue Service reminds taxpayers earning income from selling goods and/or providing services that they may receive Form...
Oct 20, 2022 | The IRS Announced Higher Federal Income Tax Brackets and Standard Deductions for 2023
As inflation continues to rise, the IRS published this week higher Federal income tax brackets as well as higher standard deductions for...
September 1, 2022 | Student Loan Relief 2022
The Student Loan Relief program set up to provide relief from the strains associated with the COVID-19 pandemic will provide up to...
August 23, 2022 | MarylandSaves Launches in September
The Maryland Small Business Retirement Savings Program, which was authorized by House Bill 1378 in 2016, created MarylandSaves, which is...
Dec 28, 21 | IRS Issues Letters to Recipients of the Advance Child Tax Credit and the Third Stimulus
Beginning in December, the IRS will begin issuing Letter 6419 to recipients of the Advance Child Tax Credit. This letter will include the...
December 28, 2021 | IRS Reminds Taxpayers of 2020 Social Security Tax Obligation
The IRS reminded employers and self-employed taxpayers that chose to defer paying part of their 2020 Social Security tax obligation that...
December 21, 2021 | Required Minimum Distributions for 2021
What is new for Required Minimum Distributions (RMDs) in 2021? I am glad you asked. However, before we get to that, there might be a...
December 20, 2021 | IRS Releases 2022 Mileage Rates
Beginning January 1, 2022, the standard mileage rates for use of car, van, pickups or panel trucks are as follows: 58.5 cents per mile...
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