U.S. citizens and residents are required to report all of their worldwide income. In addition, taxpayers are required to report information regarding their foreign bank accounts and foreign owned assets. In recent years, the IRS has been enforcing these laws…
A taxpayer with income from an out-of-state S-corporation often has to pay out-of-state taxes. The taxpayer's home state usually gives the taxpayer a tax credit for those tax payments. But, that is not quite what happens in Maryland. The constitutionality…
A recent report by the Government Accountability Office stated that 83,000 Defense Department employees or contractors owed more than $730 million in unpaid taxes. Although not paying taxes does not prevent an individual from obtaining a security clearance, these individuals…
