It is so easy for tax filers to misunderstand the Earned Income Tax Credit (EITC). Many filers who are entitled to receive EITC are missing out because they are not claiming it. On the other hand, those who are not qualified for the tax credit try to clai...

If you were to ask an entrepreneur what factors are most important to the success of his or her business, you’re most likely to hear - finding and keeping the right employees, affordable health insurance, protecting intellectual property and cutting thr...

To most taxpayers who can’t wait for a check to arrive from the federal government, refund anticipation loans may seem appealing, until they realize that the fees and high interest rate can drastically affect the amount they were expecting to receive. ...

As income tax filing season draws nearer many small business owners have began looking for an accountant or other tax professional to file their tax return. Searching for a certified public accountant (CPA) should be done long before the beginning of...

New tax rules for 2007 will bring about a good year for the poorest of tax-filers in Maryland. Tax-filers can now earn up to $37,000 and still be entitled to the Earned Income Tax Credit that will put more money in their pockets this year than it did last...

The new “kiddie” tax rule, which increases the number of years during which a child’s investment income can be taxed at the parent’s rate, is really nothing to brag about. The reason is because most custodial accounts, especially in the early year...

New Year's Day came and saluted us with a few changes: higher contribution limits for 401(k) plans, a decline in the top federal estate-tax rate and more deduction for many mortgage insurance buyers. Personal exemption, standard mileage rate, income brack...