Monday, April 15, 2013
Free food was given to those who knew the tax-related password
April 15th has rolled around once again, and at least one local business was offering up a tax day treat. California Tortilla served free orders of chips and queso to the tax-weary, a welcome reward whether you're reveling in your refund or pinching pennies after paying Uncle Sam. Diners simply had to say the password— "1040"—when purchasing any item. Rockville's California Tortilla is located at 199 E. Montgomery Ave. Did your Rockville business offer tax day promotions? How will you spend your tax refund? Tell us in the comments.
DOJ: Operator of online drug company sold drugs that weren’t approved for human use
A Germantown man has pleaded guilty to evading taxes on income he earned from the online sale of supplements that were not approved for human use by the U.S. Food and Drug Administration. David Kirkham, 41, faces a maximum sentence of five years in prison and a $100,000 fine. He must also must pay the IRS $280,541 for the tax years 2003 through 2006. According to the plea, those were the years that Kirkham ran a web-based business called Lion Nutrition, which sold drugs that he bought from China. He purchased a similar business called Solid Muscle in 2006. The drugs sold online were billed as bodybuilding and performance enhancing supplements but they were misbranded and contained ingredients—including a human growth hormone peptide—that …
What should you do after your refund check comes? Attorney Leslie H. Tayne shares what's best to do with a lump sum.
Today is the last day to file your taxes. And after the time consuming process, many are anxiously waiting for a tax return. Although you may be inclined to go out and spend the money on a weekend vacation or an item you’ve been dying to purchase, take a second to consider some of these options for spending your return. Pay down debt A tax return is one of the largest lump sums of money you may receive all year. Use it wisely and dedicate a portion (or all of it) to paying down debt. If you have credit card debt, make a lump sum payment towards the bill. If credit card debt isn’t your problem, consider making an extra (13th) payment on your mortgage to lessen the amount you have left. If you are burdened with student loan debt or a …
Thursday, April 4, 2013
Maryland Comptroller Peter Franchot visited his office's Wheaton branch on Tuesday.
On Tuesday, Maryland Comptroller Peter Franchot stopped by his agency's only branch in Montgomery County, at 11510 Georgia Avenue (Suite 190) in Wheaton, to speak with the branch office's employees and the taxpayers there looking for help with their returns. April 15 is fast approaching and Franchot is encouraging Marylanders to file their taxes electronically. If you need help with your Maryland tax return, employees at the Wheaton branch office will prepare it for you for free, as well as transmit it electronically.
Thursday, January 3, 2013
Sunday's home playoff games in Landover and Baltimore will bring in $2.5 million each, state comptroller Peter Franchot told The Washington Post.
While Sunday's football schedule is shaping up to be a dream day for fans of the Washington Redskins and Baltimore Ravens, it's also a financial boon for the state. The Redskins and Ravens games — each hosting Sunday's NFL wild card round playoffs — are expected to net approximately $2.5 million in taxes for Maryland, state comptroller Peter Franchot told The Washington Post . Franchot said the increase in taxes is expected to come from "sales of high-priced playoff tickets, souvenirs, and concessions as well as taxes on bonuses for players and coaches," among other places, according to the report. “When both teams are in the playoffs, there’s a synergistic impact where folks just feel better in Maryland, and when folks feel better there’s…
Thursday, March 29, 2012
Residents making less than $50K can qualify.
Tax day is less than three weeks away. Rockville residents earning less than $50,000 a year are eligible for free help preparing their state and federal tax returns. The Volunteer Income Tax Assistance program offers tax preparation appointments from 3 to 8 p.m. on Wednesdays at the City of Rockville's Community Services Division office, at 30 Courthouse Square. Walk-ins will be welcome from 10 a.m. to 2 p.m. on April 7 at the Twinbrook Community Recreation Center, 12920 Twinbrook Parkway. To receive free preparation assistance, you must live in Montgomery County and present a W-2 and/or 1099 form showing that you earned less than $50,000 in 2011. For more information, call the city's Community Services Division at 240-314-8310. Taxpayers …
Tuesday, March 27, 2012
Comptroller Peter Franchot will field taxpayers' questions online on Monday.
Thursday, March 10, 2011
One couple owes more that $4.5 million dollars in back taxes.
Maryland’s top tax cheats owe a combined $11 million dollars to the state during a year where the state is struggling to balance its budget and continue to provide services, Comptroller Peter Franchot announced Tuesday morning. As part of his “Caught in the Web” program, the comptroller’s office publishes a list of the top 25 individuals and top 25 business that owe the state back taxes, penalties and interest. “This fires me up,” Franchot (D) said. “Here in Montgomery County we have libraries that are cutting hours, there are potholes in the road, and here we have people who have millions of dollars evading their tax responsibilities to Maryland.” Jacques and Marlene Rubin of Palm Beach, FL, owe Maryland $4.5 million dollars, nearly 10 …
Wednesday, November 24, 2010
Re-elected congresswoman treats part-time staff as contractors which may run afoul of IRS
Capital News Service WASHINGTON — Rep. Donna Edwards did not provide health insurance, cover payroll taxes or pay for unemployment insurance for her campaign workers, a practice that may skirt IRS rules. She avoided these costs by paying her campaign staff as independent contractors instead of regular employees, according to expense reports filed with the Federal Election Commission. The only other Maryland congressional candidate to fail to pay benefits was Rep.-elect Andrew Harris, the Republican whose anti-"Obamacare" stance was a key plank in his campaign that unseated first-term Rep. Frank Kratovil in Congressional District 1. Edwards represents Congressional District 4, which includes parts of Germantown, Montgomery Village, …