Washington D.C. Tax Law Blog

Former Baltimore Mayor Pugh faces Multiple Charges over Bookgate Scandal

On behalf of Frost Law posted in on May 28, 2020.

Update: As of November 21, 2019, various news sources are reporting that Former Mayor Pugh has pleaded guilty to four of the 11 charges in an executed plea deal. According to these reports, she pleaded guilty to at least one charge of tax evasion. Earlier this year, we reported the first public display of federal […]

Tags: Blog, IRS, Tax Crimes, Tax Evasion


Study Analyzes Why People use Offshore Accounts

On behalf of Frost Law posted in on April 24, 2020.

The use of offshore accounts is a point of contention in the media these days. The release of the Paradise Papers and Panama Papers arguably aimed to bring down the reputation of those who used these accounts, but the information may have led to an unforeseen result. Instead of just leading to negative press, the […]

Tags: Blog, IRS


Retirement & Taxes in 2020: Are You Prepared for the Changes?

On behalf of Frost Law posted in on April 16, 2020.

Recent legislation significantly impacts retirement savings. One notable change involves required minimum distributions (RMDs). This post discusses the change, how it impacts retirement savings, and how taxpayers can minimize potential penalties. What are RMDs? Retirement funds may not be kept in an account indefinitely. The RMD is the minimum amount a taxpayer is required to […]

Tags: Blog, Tax Controversies


IRS Raids Business and Owner’s Home, Claims Tax Evasion

On behalf of Frost Law posted in on April 8, 2020.

Two raids in one day. The Internal Revenue Service (IRS) decided to raid both a business owners’ place of business as well as his private residence on the same day. These were not tax agents clad in black suits carrying briefcases. These were federal agents in full body armor carrying assault rifles gathering boxes of […]

Tags: Blog, IRS, Tax Evasion


Employers: 3 things to know about the Employee Retention Credit

On behalf of Frost Law posted in on April 2, 2020.

In response to the financial crisis caused by COVID-19, the newly enacted CARES Act has created a new payroll-related form of relief for employers. Coined The Employee Retention Credit, this relief measure allows eligible employers to obtain a refundable credit against the employer-only portion of social security taxes (or Railroad Retirement Tax Act taxes). Question […]

Tags: Blog, IRS, Tax Topics


As Feds Change Tax Deadlines, Will States Do the Same?

On behalf of Frost Law posted in on April 1, 2020.

Almost every year April 15 is known as the date when federal and state income tax filings are due. This rule is generally true, except for during 2020. The Internal Revenue Service (IRS) recently announced that it is extending the deadline to both file and pay federal income taxes to July 15, 2020. The move […]

Tags: Blog, IRS


COVID-19 & Taxes: How Does the IRS Respond to Emergencies?

On behalf of Frost Law posted in on March 19, 2020.

President Donald Trump recently declared a national emergency as a result of the new coronavirus. State officials throughout the country have declared states of emergency and local counties and cities are doing the same. These actions have triggered an array of federal, state and local assistance programs, but have they impacted taxes? The impact of […]

Tags: Blog, IRS


Administration Announces Unprecedented Tax-Payment Deadline Delay for Majority of Americans

On behalf of Frost Law posted in on March 17, 2020.

On March 17, 2020, as part of a relief effort in response to the economic effects of the coronavirus pandemic, Treasury Secretary Steven Mnuchin announced the government’s unprecedented move to delay the April 15thtax-payment deadline for certain individuals and businesses-penalty and interest free. Although full details of the maneuver have not been released yet, it […]

Tags: Blog, IRS


Comptroller Announces June 1st Extension of Business Tax Filing Deadlines

On behalf of Frost Law posted in on March 13, 2020.

On March 11, 2020, in an effort to assist businesses affected by COVID-19’s economic impact, Maryland Comptroller Peter Franchot announced the June 1stextension of business-related tax filing deadlines. Specifically, the announcement provided that: [t]he June 1stextension applies to certain business returns with due dates during the months of March, April and May 2020 for businesses […]

Tags: Blog, Tax Topics


Mistakes on Taxes: Avoid these Common Errors

On behalf of Frost Law posted in on March 11, 2020.

Tax season is upon us. The tax filing deadline is just over four weeks away and many taxpayers are gathering their tax forms and starting to fill out their returns. Whether looking at a big refund or a tax bill, taxpayers can help to better ensure a smooth process by avoiding these common errors: Mistakes […]

Tags: Blog, Tax Topics