News

President Trump paused trade talks with Canada over its digital services tax, calling it a threat to U.S. interests. Canada withdrew the tax to restart negotiations. Broader global tax reform remains uncertain, as key international agreements face political hurdles.

Smith faculty are shaping policy, business and society through influential research and public service. From AI and insurance reform to pay equity and public pensions, they’re winning top awards and earning national recognition for impact and innovation across disciplines.

NIL deals offer student-athletes new income—but also tax obligations. Smith lecturer Samuel Handwerger explains how earnings are taxed, what to watch for, and why planning, record-keeping and resources like TerpTax are key to staying financially and legally safe.

The University of Maryland’s Robert H. Smith School of Business recognized Jacqueline Cardello ’93, CPA, president and managing partner of GRF CPAs & Advisors, as the recipient of the second annual Suzanne D. Hillman Recognition and Achievement Award for Service to the Community.

Samuel Handwerger, CPA and TerpTax faculty advisor, explains how victims of investment scams may qualify for theft loss tax deductions under IRS rules. He outlines key eligibility criteria, recent IRS guidance, and the importance of intent, documentation, and expert advice.

By Samuel Handwerger, CPA, Faculty Advisor for TerpTax

Samuel Handwerger, faculty advisor for TerpTax, explains Form 1099-K—an IRS record for online sales and payments through apps. Understanding taxable income, tracking expenses, and correcting errors can save headaches. Keep good records and report income accurately to avoid issues.

CPA Samuel Handwerger explains the key differences between Traditional and Roth IRAs. Traditional IRAs offer tax-deferred savings, while Roth IRAs provide tax-free withdrawals. Future tax rates and career trajectory matter, making the choice complex. Consistent saving is the most crucial factor.

Education tax credits can significantly lower tax bills, says Smith professor Samuel Handwerger. The American Opportunity and Lifetime Learning credits offer key savings, but eligibility rules matter. Students may claim credits if parents opt out. TerpTax offers free tax prep through April 14.

Cyber risk is a top concern for organizations worldwide, intensified by AI's dual role in bolstering defenses and enhancing attacks. The Gordon-Loeb Model offers a cost-benefit framework to optimize cybersecurity investments, emphasizing AI's evolving, game-theoretic complexities.