Trusts are taxed differently from regular bank accounts or savings accounts because of how they accrue interest. You need to know the rules when you are planning on using a trust to care for your children or your grandchildren. Plus you need to understand how the income tax is handled when money is taken out of the trust. Each... continue reading →
When Will I Receive My Amended State Return? Each state has its own way of processing amended state tax refunds. Paper returns will take longer. By looking up “Where’s My State Refund”, you will be able to click on your state and find the site for getting the information about your amended return. In most states, if you have... continue reading →
Tax season is a season some taxpayers look forward to every year. The reason being, they will get a refund from the IRS of their weekly withholdings. Despite this refund, there are many taxpayers who have questions about their taxes. For a Maryland CPA firm, it is the busiest time of the year. Here are a few frequently asked... continue reading →
A 529 tax deduction is a specialized savings plan that parents put in place to help save up for when their kids go off to college. This special savings account can be used to help parents pay for the expenses that occur from college, and it is a tax-free program. Most parents who set up a 529 plan find... continue reading →
Tax filing time is approaching fast. Most people need to get their finances in order and find a professional tax preparer to help them file their taxes. With the right tax preparer, you will be able to work through your finances together and complete your taxes on time. We have professional tax preparers who will help you to relieve... continue reading →
Charitable donations are a splendid way of showing humanity that you care. Moreover, contributing to a charitable course is also a remarkable way of giving back to society without having any qualms. However, regardless of the excellent intentions that you might have in your heart while contributing, you should always remember that deductions for these contributions still exist. Additionally,... continue reading →
What Is The IRS Mileage Rate For 2018? Changes From 2017 When you travel for work and deduct mileage, you wait with bated breath every year for the IRS to announce the new rates. 2018 rates are in, and with some slight changes. I’m here to introduce the new rates and help you figure out how you might be... continue reading →
New Tax Bill – Unpredictable Outcomes, Cuts for Corporations, and Increased Deficit When it comes to the United States, there are few things as certain as taxes. Regardless of extenuating circumstances, paying taxes is about as mandatory as stopping when a police officer pulls you over. Meaning, you could choose not to, but it will inevitably land you in... continue reading →
As the April 15th deadline for filing taxes approaches, getting your finances in order is a must. Finding a great tax expert near you in Maryland, Virginia, is possible by getting organized and seeking the right assistance using various resources. Preparing to File Your Tax Return Before selecting a tax expert to help handle your filing and returns this... continue reading →
If it weren’t for the availability of grants, many people would not be afforded the opportunity of education, let alone a career. A grant is a sum of capital that doesn’t have to be reimbursed to the donor. Grants can be awarded by various modes including organizations, foundations, companies, and ordinary citizens who have extra funding to spare. Our... continue reading →
