News and Events

With Tax Day less than a month away, the Internal Revenue Service (IRS) is reminding taxpayers that they need to file on time in order to avoid costly interest and penalties. In this article, US International Tax Advisors discusses the consequences of failing to file on time and what taxpayers should do if they cannot afford to pay what they owe on April 18.

While non-fungible tokens (NFTs) have exploded in popularity over the past year, the Internal Revenue Service (IRS) has yet to provide guidance on the tax treatment of these digital assets. With Tax Day right around the corner, this presents challenges for NFT creators and investors. Even without IRS guidance, U.S. taxpayers must still do their best to comply with the law as US International Tax Advisors discusses below.

With Tax Day right around the corner, the Internal Revenue Service (IRS) has issued several reminders for U.S. taxpayers. In this article, US International Tax Advisors summarizes some of the key information taxpayers need to know.

Since the start of the pandemic, combatting COVID-related fraud has been a priority for the Internal Revenue Service’s Criminal Investigation Division (IRS CI) and other federal law enforcement authorities. Based on IRS CI’s enforcement activity in January, it appears that combatting COVID-related fraud remains a priority in 2022, and individuals and businesses that are under investigation (or concerned about facing an investigation) should consult with a Maryland criminal tax attorney promptly.

Whether as a secondary source of income or as a result of being laid off during the COVID-19 pandemic, many people turned to the gig economy last year. If you earned gig income in 2021, the Internal Revenue Service (IRS) wants you to know that it expects you to pay what you owe in 2022. Maryland tax attorney Managing Partner of US International Tax Advisors, explains.