Local Blogs

March 27, 2018 | Juanita Farmer, CPA

IRS Scam Alert: Erroneous Refunds & Fake Calls

Taxpayers should be aware of a new twist on an old scam involving erroneous tax refunds that are being deposited into their bank accounts. After stealing client data and filing fraudulent tax returns, these criminals use the taxpayers’ real bank accounts to deposit refunds, then use various tactics to reclaim the refund from the taxpayers. […]

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March 27, 2018 | Alvin Carlos, CFA, CFP®

4 Money Makers You May Be Missing Out

We’ve heard many investment success stories. The Winklevoss twins are reportedly now billionaires through their early bitcoin investments. Our uncle who invested $10,000 in Berkshire Hathaway stock in 1965 would now have $88 million. What is the latest wealth generator out there today? We’ll give you four. They’re not the get-rich-quick schemes you may be […]

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March 22, 2018 | Mark Avallone, MBA, CFP®, CRPS®

Rent Versus Buy: How Tax Reform Adds To The Decision

Historically, or at least before the housing crash of 2008, home ownership was considered to be a sure way of increasing your net worth. America’s post World War II economy had a reasonably steady level of growth, and population increases and demand for housing supported a rise in prices. In addition, fiscal policy favored home […]

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March 19, 2018 | Juanita Farmer, CPA

What Income is Taxable?

Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there’s more to it than that. Taxable income includes any money you receive, […]

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March 16, 2018 | Christen Milstead

Senior Living and Aging Expert Christine Podles Promoted to VP of Operations for Ingleside

Ingleside, a premier, charitable not-for-profit provider of comprehensive senior living services in the Washington, D.C. metropolitan area, is pleased to announce the promotion of Christine L. Podles, MA, LNHA, QCP to vice president of operations. In this role, she will hold responsibility for the day-to-day oversight of all Ingleside communities, working closely with the executive […]

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March 12, 2018 | Brad Sherman

A New IRS Withholding Tax Calculator Eliminates the Guesswork

Last week, in response to confusion surrounding the 2018 tax law that was passed in December, the IRS released an updated online Withholding Calculator. The tool is designed to help taxpayers make sure they are not wildly underpaying or overpaying what they will owe. The new law is highly complex and made changes that included increasing […]

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March 12, 2018 | Juanita Farmer, CPA

Revised Form W-4: Check your Withholding

The Tax Cuts and Jobs Act made changes to the tax law, including increasing the standard deduction, removing personal exemptions, increasing the child tax credit, limiting or discontinuing certain deductions and changing the tax rates and brackets. As such, a new version of Form W-4, Employee’s Withholding Allowance Certificate, was released on February 28. Taxpayers with […]

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March 10, 2018 | Daryl Schultz

Poolesville’s Girls Win 2A MPSSAA State Championship in Perfect Fashion

Towson, Maryland SECU Arena Saturday March 10, 2018 The season of perfection ended perfectly Saturday with a 63-23 Poolesville victory over Queen Anne’s High School. The well deserved 2A MPSSAA State Championship capped a 27 win season without a loss, a remarkable season to say the least. Much like yesterday the young women of Poolesville […]

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March 10, 2018 | Daryl Schultz

Poolesville Defeats Gwynn Park 61-49 in MPSSAA 2A State Semifinal

Towson, Maryland SECU Arena March 9th 2018 The undefeated Poolesville girls were off to a very fast start scoring 10 unanswered points to begin the 2A state semifinal game and they never relinquished the lead. To put it clearly, they came to play and Gwynn Park did not know what hit them. Throughout the game […]

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March 9, 2018 | Daryl Schultz

Perry Hall Defeats Gaithersburg 85-62 in 4A Boys MPSSAA Semifinal at Xfinity Center

College Park Maryland Xfinity Center Thursday March 8, 2018 Gaithersburg’s outstanding season came to an end with their loss to defending MD 4A State Champions Perry Hall.  The Trojans had a successful season because the goal of any basketball program is to get to College Park and play for a championship.  As I watched the […]

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