Ocean City, MD 21842
1-410-524-2720

Tax Central

How Employee Stock Options Are Taxed

How Employee Stock Options Are Taxed
Many companies, as an incentive to employees to help grow the companies’ market value, will offer stock options to key employees. The options give t…

Don’t Overlook Foreign Account Reporting Requirements

Don't Overlook Foreign Account Reporting Requirements
Some of the largest penalties for failing to file a report with the Government are associated with reporting dealings with foreign financial instituti…

Tax Filing Deadlines Are Rapidly Approaching

Tax Filing Deadlines Are Rapidly Approaching
Just a reminder to those who have not yet filed their 2020 federal tax return that thanks to the IRS extending the filing due date, May 17, 2021, is t…

IRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income

IRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income
The IRS announced on March 31, that it will take steps to automatically refund money this spring and summer to people who filed their tax return repor…

Easily Check the Status of Your Refund

Easily Check the Status of Your Refund
If your 2020 federal return has already been filed and you are due a refund, you can check the status of your refund online. Note: if you claimed the …

Don’t Miss Out on Tax Credits

Don't Miss Out on Tax Credits
Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. Congress provides tax …

Scroll to top