Ann Silvia

Five guys committed a $13 million tax fraud. Here’s how much prison time they’ll do

Miami-Dade residents Jamal Dyer, Jorge Osorio-Rodriguez, Tramaine Sealy, Jonathan Edwards and Daniel Murias each have been sentenced to do federal prison time after pleading guilty to a $13 million tax fraud

10 Common Tax Mistakes that Cost You Money [Infographic]

Tips on Deciding Which Tax-Filing Status Is Best for You

The choice is important since your filing status is used to determine such things as the standard-deduction amount, eligibility for certain tax credits and other breaks, and, ultimately, how much tax you will owe. About 54.1 million returns received by the Internal Revenue Service for 2016 were joint

I haven’t filed my tax returns in several years and the IRS hasn’t contacted me, what should I do?

I haven’t filed my tax returns in several years and the IRS hasn’t contacted me, what should I doFirst of all this is not an uncommon situation. There are many events in our lives that may cause this, divorce, bankruptcy, loss of employment, medical problems, self- employment, loss of records, etc. I recently met with an individual that confided to me that he had not filed his taxes since the late 1990’s. When I asked him what happened he said he had…

IRS Tax Tip: Ten Tax Tips For Individuals Selling Their Home

The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or part of that gain from your income.Read more →

What Can a CPA Do that a Regular Accountant Can’t?

What can a CPA do that a regular accountant can’t? That’s what we’d like to address today.

7 Bookkeeping Habits Every Entrepreneur Should Adopt

Good bookkeeping is a foundational aspect of a healthy business. Keeping careful track of the money within your business is critical to its success.

Free tax preparation available for Marylanders who qualify

Tax season is underway and those who need assistance with tax preparation can get help for free.

Breaking the Blame Cycle. ~ Silvia Mordini

What does blame do to your yoga practice and what does your yoga practice do to your tendency to blame? Realizing that blame is a learned human behavior is one of the first things I remember learnin...

Put Your Tax Refund to Work and Enhance Your Home’s Curb Appeal

It’s that time of year again…tax season. The dreaded April 15 deadline also means its spring, and time to start thinking about how your home looks from the outside. If filing taxes means a return f…

Divorce and Taxes Who Claims the Kids on Your Tax Return

Going through a divorce can be challenging, especially if children are involved. Make sure you understand the various tax laws regarding your particular situation. Be aware of the ramifications and tax credits available to you.

What are the IRS's Rules on Lost Tax Records?

Julian Block addresses tax reform, lost records and more.

Service animals, acupuncture and more can be tax-deductible medical expenses

They can add up to a tax-saving deduction, and taking action before year-end could pay off.

I give $30K to charities each year. What happens with my tax return?

Depending on your situation, you may find some tax savings.

Thinking of Dumping Old Tax Records?

Tired of having all those old tax records taking up drawer or closet space and collecting dust. Want to dump as much as you can? People often ask how long records must be kept and the amount of time IRS has to audit a return after it is filed.

Free Tax Filing: What Are Your Options?

Free tax filing options are available in spades. Find out what programs you can turn to, and how you can qualify for this kind of help.