by Longman & Van Grack, LLC | Feb 10, 2016 | Blog, Tax Controversy
With tax filing season in full swing, taxpayers should be aware of their responsibility for the content of their own tax returns, even if they do not prepare the tax return. A significant portion of taxpayers will hire an accountant or tax preparation service to...
by Longman & Van Grack, LLC | Dec 21, 2015 | Blog, Business & Corporate Issues, Tax Controversy, Tax Planning
The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 restructures the due dates and filing deadlines for partnership and C corporation tax returns beginning with the 2016 tax year. Once the new rules take effect, partnerships will be...
by Longman & Van Grack, LLC | Dec 18, 2015 | Blog, Tax Controversy, Tax Planning
In a move designed to ease the paperwork and record keeping burdens faced by small businesses, the IRS on November 24 announced an increase to the de minimis safe harbor thresholds that permit taxpayers to fully deduct expenditures for certain capital items. Under the...
by Longman & Van Grack, LLC | Dec 1, 2015 | Blog, Tax Controversy, Tax Planning
The Comptroller of the State of Maryland Peter Franchot announced today that his office will be proposing the Maryland Taxpayer Protection Act. The legislative act will need to be approved by the General Assembly of Maryland (Maryland’s legislative body), but...
by Longman & Van Grack, LLC | Nov 30, 2015 | Blog, Tax Controversy
The Internal Revenue Service’s Offer in Compromise program provides taxpayers with the ability settle their tax debts for less than the full tax liability. The Offer in Compromise program is available for both individuals and business/corporate taxpayers. The Offer in...
by Longman & Van Grack, LLC | Sep 18, 2015 | Firm News, Tax Controversy, Tax Planning
Beginning today through this weekend, Longman & Van Grack Attorney Robb Longman will be presenting at multiple CLE Programs at the 2015 American Bar Association (ABA) Section of Taxation and Section of Real Property, Trust & Estate Law, Trust & Estate...
