Washington D.C. Tax Law Blog

Seven attorneys from Frost Law have been selected to the 2017 Maryland Rising Stars list. This is an exclusive list, recognizing no more than 2.5 percent of the lawyers in the state. The attorneys recognized include Glen Frost, Justin Hughes, Kaitlyn Loughner, Jessica Frase Marine, Eli Noff, and John Samuels Pontius, Jr. In addition Dennis […]

Tax-refund fraud remains a huge problem. Scammers have gotten away with billions of dollars in recent years and stolen the identities of a bewildering number of people. Will the 2017 filing season be any better? Here are three things to know to help minimize the risk that you your refund or your identity will be […]

In the first part of this post, we noted what a hassle it can be to take care of taxes as a freelance worker. Figuring out self-employment tax can be complicated – and it’s easy to fall behind on making the estimated tax payments you’re supposed to make quarterly. If you have a home office, […]

Some people enjoy the flexibility of freelance work. Others take it on because well-paying traditional jobs can be hard to find. Either way, taking care of taxes can be complicated and stressful for independent workers. In this two-part post, we will use a Q & A format to explain why this is and how to […]

Technically, it isn’t even called the FBAR anymore. The form for filing a report of foreign bank accounts that meet certain dollar thresholds is now called FinCEN 114, though the term FBAR is still commonly used. The name change for the form is only one of many changes relating offshore account compliance that has changed […]

Many tax proposals are in play as President-elect Donald Trump and his administration prepare to take office. One of those proposals is not about specific tax provisions, but about the structure of the agency itself. The proposal is to split off the criminal enforcement division from the IRS and place it elsewhere within the Treasury […]

Christmas is still a couple of weeks away, with plenty of presents not yet purchased, much less placed under the tree or chimney with care. But if Christmas is coming, it also means a new year and a new tax-filing season are approaching fast. This week, the IRS announced details about the opening of the […]

A repeal of the federal estate tax may or may not happen when the Trump administration takes office. A lot will depend on the dynamics of the new, Republican-controlled Congress. In the meantime, however, new proposed rules from the Treasury Department and the IRS on the taxation of interests in family-owned businesses are generating significant […]

In the first part of this post, we discussed several negative effects that can result from a tax lien. These include keeping you from selling or refinancing your house and hurting your credit rating. Because credit checks by prospective employers are increasingly common, a tax lien can even make it more difficult to get a […]

If you have tax debt, the IRS may use a tax lien as a key tool in its collection process. A lien does not actually take your property; a levy, not a lien, does that. But a tax lien can still have many negative effects. In part one of this two-part post, we will discuss […]