News and Events

With prices climbing dramatically due to inventory shortages and historically low-interest rates early in the year, many U.S. residents have chosen to sell their homes in 2022. In response, the IRS recently published a Tax Tip reminding us of the tax implications of selling a residential property. In this article US International Tax Advisors covers some of the highlights:

National Small Business Week was May 1- 7, 2022, as recognized by the Internal Revenue Service (IRS). During the week the IRS published several notices, reminders and Tax Tips intended specifically for small businesses—all focused on the IRS’ theme of “Building a Better America Through Entrepreneurship.” In this article US International Tax Advisors recaps some of the highlights:

If you failed to file your income taxes by April 18, 2022, you are not alone. Forbes estimates that around seven million U.S. taxpayers fail to file their returns each year. But, this doesn’t mean that you are in the clear. Federal tax violations can lead to steep penalties—including criminal penalties in some cases.

What are your options if you can’t afford to pay your tax bill? This is a question that many Maryland taxpayers are forced to ask each year. Depending on your circumstances, you may have several options available, all of which involve paying at least some of your tax liability to the Internal Revenue Service (IRS). US International Tax Advisors explains:

Cryptocurrency investing and non-fungible tokens (NFTs) hit the mainstream during the COVID-19 pandemic. But, even before the recent boom, digital assets were already on the Internal Revenue Service’s (IRS) radar. The IRS has been prioritizing enforcement related to Bitcoin and other digital assets for years; and, as the popularity of digital assets has grown, the IRS’s interest in these assets has grown as well. In this article, US International Tax Advisors explains what cryptocurrency and NFT investors need to know in 2023: