State and Local Tax (SALT as it's commonly called) is one of the most complicated areas of tax law. SALT implications can mean big dollars for high-income earners like MLB superstars, and the destinations chosen by Manny Machado and Bryce Harper make me wonder whether they gave any consideration at all to their SALT burden. ...
Continue readingRead the five reasons why you should always file your tax returns on time, even if you cannot afford to pay what you owe to the IRS....
Continue readingWith the new Federal Tax Law, many people who have previously prepared their own tax returns may be looking for a pro to handle their taxes in light of the new changes. Learn five tips to consider when choosing a tax return preparer (or deciding whether to keep your existing one)....
Continue readingTax lawyer Mark Milton provides guidance to people who haven’t filed tax returns and/or paid taxes to the IRS for several years. ...
Continue readingTax lawyer Mark Milton provides a set of 5 hypothetical tax-related conversations you may hear (hopefully not) during your holiday bash....
Continue readingRead five year-end considerations for individuals and small business owners looking to save on their tax bills....
Continue readingThe IRS treats Bitcoin and other virtual currencies as property (not currency) for tax purposes. This means taxpayers are required to report any gains or losses on the sale of Bitcoins as they would with any other form of property (i.e. stocks)....
Continue readingLearn about the five things you need to know about the House Republicans' historic tax reform proposal....
Continue readingThe indictment against Paul Manafort alleges that he took a number of affirmative steps to evade paying his fair share in taxes to the U.S. government, but does not charge him with tax evasion or any other charges under the Internal Revenue Code....
Continue reading