For Your Benefit

See below for a few topics that may be of interest to you.  In addition, we have included links so that you check on the status of your refund, review the IRS advice on Identity Theft, as well as the IRS advice on how long to keep your business records.  Please check back as we will be updating the resources every few months and will be adding a blog to this page.


Tax Law Snapshot

As is typical for an election year, no big tax changes that will affect 2016 tax returns came out of Washington. However, there has been much talk about tax reform and tax proposals for the upcoming year. It remains to be seen how the tax climate will change. But, for now, it is important to focus on the tax laws in place. Your CPA can help you determine strategies and steps to minimize your tax liability and enhance your financial position.

Tax Return Extension FAQs

What does filing an “extension” do?

  • An extension is a form fled with the IRS to request additional time to file your federal tax return. The extension period is six months, which extends the due date for submitting your final returns from April 15 to Oct. 15.* In some states, filing an extension with the IRS will automatically extend the time to complete a state income tax return.
  • Filing an extension grants you additional time to submit your complete and accurate return, but you still need to estimate whether you will owe any taxes and pay that estimated balance by April 18.
  • Extending your return allows you and your CPA more time to prepare your tax return to ensure filing of an accurate tax return. In many cases, you may still be waiting for additional information (e.g., Schedule K-1, corrected 1099s, etc.) to complete your return.

Identity Theft Checklist

Identity theft is a complex and evolving threat, and one that costs U.S. citizens billions of dollars annually. Without question, it is one of the most pressing challenges facing our country. Unfortunately, the problem is growing, and fraudsters are always looking for new ways to steal confidential information to commit crimes.

As your trusted adviser, we understand your concerns with identity theft and take every precaution to keep your personal information safe. There are numerous types of identity theft. For example, a thief could steal a wallet and use credit cards to make illegal purchases, or obtain information to file a tax return on behalf of a taxpayer to claim an illegal refund. 

College Education Tips

Are you or someone in your family considering attending college? Or perhaps someone already is there and you’d like to find ways to make it more affordable. College education is expensive, and the financial implication of college education is a critical piece of the decision-making process. 

Internal Revenue Service (IRS)

Maryland Tax

Other Questions