THIENEL LAW BLOG

Taxation Novenia Isaac Taxation Novenia Isaac

What Do Tax Attorneys Do?

Imagine receiving a notice from the Internal Revenue Service (IRS) about a tax audit or finding out that you owe a significant amount in back taxes. Navigating the complex world of tax laws and regulations can be overwhelming, but there’s one professional who can help you through these challenges: a tax attorney.

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FAQs about Qualified Domestic Relations Orders

Qualified domestic relations orders (QDROs) have been around for quite a few years, but few people have a working knowledge of how these documents work. A QDRO might seem of little importance when negotiated, but the long-term implications on an individual’s retirement finances can be significant.

You might want to talk to a Maryland tax attorney about the tax implications of a proposed QDRO when going through a family court matter like a divorce or legal separation that involves the distribution of one or more retirement plans. Here are some FAQs about Qualified Domestic Relations Orders.

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Here Are Must-Know Changes for the 2021 Tax Season

The 2020 tax season was frustrating, confusing, and overwhelming for many taxpayers. Pandemic relief bills resulted in numerous changes for tax filings. Some changes were limited to the 2020 tax years, while other changes were extended to 2021 and 2022.

If you had trouble keeping up with the changes for tax filings, you were not alone. Many tax preparers and IRS agents had trouble keeping everything straight.

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How Can the IRS Fresh Start Program Help Me?

If you’re delinquent on your taxes, there is little you can do to escape paying what you owe. While it might be tempting to run from your tax problems, the IRS will eventually find you.

Fortunately, the IRS has created a Fresh Start Initiative offering relief to individual taxpayers and small businesses. However, as with most government programs, the rules about how to qualify for tax relief can be confusing.

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How Can I Avoid Paying Taxes When I Retire?

Paying taxes during retirement is a harsh reality that many people are not prepared for when they retire. The key to reducing tax liability during retirement is early planning. If you wait until you retire, it may be too late to take advantage of some retirement-planning strategies.

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How Does a Maryland LLC Pay Taxes?

A Limited Liability Company (LLC) is organized under state laws. Many companies choose a Maryland LLC as their business entity because it provides limited liability protection from personal liability. State laws govern the operation of an LLC in Maryland. However, the Internal Revenue Code provides alternatives for how an LLC is taxed for the income it earns.

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New Court-Approved Ways to Defeat IRS Penalties

Are you fighting to defeat IRS penalties? If so, new court-approved ways to defeat IRS penalties can help you keep the money you earned instead of paying it to the federal government. As a Maryland tax attorney, I continually monitor changes in the tax code that benefit my clients and help devise strategies to avoid penalties and decrease overall tax liability.

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