Maryland Daily Record Maryland's trusted source for business and legal news
Monday is Tax Day, and the IRS expects to receive tens of millions of last-minute filings electronically and through paper forms.
Read More »On Tax Day, an extension may be better than rushing a return
Professor sees exam questions online, sues students
Welcome to Monday, the 42nd anniversary of the day J.R. Ewing was shot on the television series “Dallas.” Here are some other news items. — Professor sues students for copyright infringement by posting his exam questions online. — Former law ...
Tagged with: copyright infringement illegal enrichment IRS J.R. Ewing Larry Hagman Lebanon pregnancy bias tax audit
Read More »Taxpayers face overloaded IRS as filing season opens
An IRS worker shortage, an enormous workload from administering pandemic-related programs and stalled legislation will combine to cause taxpayers pain this filing season.
Read More »Tax season to begin early due to pandemic, IRS funding
This year's tax filing season will begin on Jan. 24, 17 days earlier than last year, the Internal Revenue Service announced Monday.
Read More »A ‘silver lining’: Ransomware payments may be tax deductible
The U.S. government offers a little-noticed incentive for those who do pay after ransomware attacks: The ransoms may be tax deductible.
Tagged with: cybersecurity hacking IRS ransomware Taxes
Read More »Tax changes would boost IRS monitoring of cryptocurrency use
The Biden administration is taking steps to ensure Americans who pay for goods or services with cryptocurrencies don’t sidestep the tax man.
Tagged with: cryptocurrency IRS Taxes
Read More »4th Circuit affirms Bethesda couple’s nearly $1M tax fine
A federal appeals court Tuesday upheld a judge’s order that a Bethesda couple pay nearly $1 million in civil penalties and interest to the U.S. government for their “willful” failure to disclose they had money in a foreign bank account. ...
Tagged with: bank secrecy act failure to disclose IRS Swiss bank account
Read More »News breaks out in Pugh’s quiet Ashburton neighborhood
Agents from the FBI and the IRS executed search warrants at Mayor Catherine Pugh’s two homes Thursday morning, bringing excitement to an otherwise quiet northwest Baltimore neighborhood. Pugh owns two homes in the city’s Ashburton neighborhood, an area of large ...
Tagged with: "Healthy Holly" Catherine Pugh Dennlyn Road Ellamont Road Erin Murphy fbi IRS steven d. silverman
Read More »Did you get an extension? Federal income taxes due Oct. 17
Taxpayers who asked the IRS for a six-month extension to file their 2015 income taxes have until Monday, Oct. 17 to file their taxes. The deadline is Oct. 17 because Oct. 15 falls on a Saturday. The IRS recommends using ...
Tagged with: income taxes IRS
Read More »Prosecutors seek to block Aberdeen accountant from promoting tax scam
The federal government is seeking an injunction against an Aberdeen accountant barring her from preparing any federal tax filings based on accusations that she promotes the “redemption theory” which the IRS has declared to be fraudulent. Charese Johnson operates Prodigy ...
Tagged with: injunction IRS
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