Want to Start a Business in Maryland But Don’t Have an Address?
A Maryland registered agent is essential for any business operating in the state for several key reasons: 1. Legal Requirement: Maryland...
How long do we need to keep an EV to prevent the recapture of the $7500 tax credit?
The $7,500 tax credit is a federal incentive, and the time limitation to claim and keep the credit generally follows federal tax rules:...
Charge Up Your Savings: A Guide to the Electric Vehicle Tax Credit
Hey there, future EV enthusiast! 🚗💨 Ready to dive into the electrifying world of electric vehicles and tax credits? Buckle up for a...
Are you driving an EV car and didn't claim the credit ?
These credits can take various forms and are designed to offset the higher initial cost of electric vehicles compared to traditional...
IRS warns of scam emails
IRS scam list includes phishing warning to taxpayers On its annual list, the IRS included a warning to tax pros and businesses to be...
Swimming Pool Deduction
A home elevator, tuition for a special needs school, fees for assisted living AND a swimming pool. All of this can be deducted on your...
NEW Tax Credit
New tax credit for 2022 tax filing from the IRS
Inflation ? IRS Releases New Standard Deductions and Tax Brackets
The standard deduction rises to $25,100 for married couples filing jointly in their 2022 returns. That’s a $300 increase. It rises to...
IRS warns against COVID-19 fraud; other financial schemes
In a news release last week, the IRS cautioned that criminals are continuing to use the COVID-19 Economic Impact Payments as cover for...
New Employer Tax Credits
The IRS recently issued Publication 5419, New Employer Tax Credits (PDF)to help employers understand that tax credits available to them...
