Washington D.C. Tax Law Blog

The Internal Revenue Service (IRS) has called on taxpayers to review their withholding status. Although the agency encourages all taxpayers to conduct a “paycheck checkup,” it states those who were surprised with a tax bill for their 2018 tax filings likely have the most to gain. Why conduct a paycheck checkup? A paycheck checkup involves […]

On June 18, 2019, Virginia Governor Northam and the Virginia Department of Taxation released an important reminder to taxpayers, who still haven’t filed individual income taxes, that returns must filed by midnight on July 1, 2019, to qualify for the Tax Relief Refund. Virginia implemented the Tax Relief Refund in response to the federal Tax […]

The United States tax code requires those who pay tax obligations to report all assets, including those held overseas. The government has passed recent laws that are intended to encourage foreign financial institutions to aid in finding U.S. taxpayers that are attempting to avoid reporting these assets. Like any reporting requirement, these institutions can get […]

On April 30, 2019, Maryland Governor Larry Hogan signed a law providing that certain tax liens on certain real or personal property terminate 20 years from the date of assessment. Previously, a tax judgment lien in Maryland never expired. Indeed, in 2015, the Court of Special Appeals clarified in Comptroller of Maryland v. Shipe,1 that […]

The Internal Revenue Service (IRS) along with the United States Department of Treasury recently issued regulations addressing state agency attempts to thwart the state and local tax deduction (SALT) limitation on federal tax returns. What is the SALT limit? The SALT limit went into effect with the new tax law. The Tax Cuts and Jobs […]

As tax filing season ends, taxpayers throughout the country begin to realize the reality of tax audits. Tax experts predict tax audits by state agencies to go up this year. The main reason: the new tax law. How would the new tax law lead to increased state tax audits? The Tax Cuts and Jobs Act […]

United States citizens living outside of the United States may still owe taxes to the Internal Revenue Service (IRS). The IRS has strict and far reaching tax laws. Tax laws that often extend beyond the borders of the country. As a result, anyone with citizenship will likely need to file with the IRS. What if […]

Frost & Associates, LLC was pleased to be among the sponsors for this year’s Annual Irving Shulbank Memorial Dinner and Program. Highlights of the program included announcing the recipients of the 2019 Tax Excellence Award and The J. Ronald Shiff Memorial Pro Bono Award, as well as a presentation by keynote speaker, IRS Commissioner Charles […]

Recently, the IRS has confirmed that it will expand the scope of its private debt collection program initiated in 2017. On May 24, 2019, Bloomberg BNA relayed content of an IRS email wherein the IRS stated that, beginning in June of 2019, it will refer a small number of delinquent business accounts to private collection […]

The Internal Revenue Service (IRS) recently published a newsletter encouraging workers with more than one job to conduct a paycheck checkup. The checkup involves reviewing withholdings to ensure that the taxpayer is paying enough to cover tax obligations. Why do I need to have withholdings? The United States tax system is one that requires incremental […]