Serving the Community Beyond Campus

Smith School faculty and students are dedicated to making a community impact, providing free forensic accounting for fraud victims, supporting small businesses, and offering business and entrepreneurship education to high school students in Prince George’s County, Maryland.

Summer Reading List 2024

The 21st Annual Summer Reading List for Business Leaders from the University of Maryland's Robert H. Smith School of Business offers diverse recommendations. Highlights include a memoir on AI advances, a book disputing free will, a Grover Cleveland biography, and a novel by Nobel Prize-winning Kazuo Ishiguro.

The Smith School Recognizes Its Outstanding Faculty and Staff at 2024 Assembly

The globally renowned Smith School excels in business research and offers a top-tier educational experience within a supportive community. Annually, it honors outstanding faculty and staff with prestigious awards.

Smith School Tax Expert Weighs in on Baltimore Orioles Sale

Spring brings baseball and taxes: Baltimore Orioles navigate $1.725 billion sale amid tax intricacies. David Rubenstein’s acquisition strategy aims to maximize tax benefits. IRS scrutiny looms over potential installment sale complications. Samuel Handwerger's expert insights reveal the complexities of estate planning and tax-saving strategies.

Smith’s Justice for Fraud Victims Offering Pro Bono Control Risk Assessment for Nonprofits, Small Firms

Justice for Fraud Victims (JFV) at UMD offers pro bono risk assessments for small businesses and nonprofits. Led by Samuel Handwerger, CPA-supervised assessments identify control weaknesses, providing pragmatic solutions without budget increases. Launched in 2023, JFV engages students in real fraud cases, supported by local law enforcement.

TerpTax Resumes Free Tax Preparation Services

TerpTax, a free tax service at the University of Maryland, caters to students and low-to-mid-income individuals. Under the direction of Smith Accounting Lecturer Samuel Handwerger, a CPA with a master’s in taxation, it specializes in international student returns. Appointments available until April 15, 2024, offer valuable tax filing assistance.

How a Repatriation-Tax Challenge Before SCOTUS Could Upend the Tax Code

In 2005, Kathleen and Charles Moore invested $40k in exchange for 11 percent of equity in India-based, ag-equipment company KisanKraft. The Washington state couple received no income from its shares over the following decade, as the company operationally reinvested its profits. Nonetheless, in 2018 the U.S. government handed the Moores a $14,729 tax bill on the profits earned by the foreign entity. Reluctantly they paid but subsequently sued, questioning the constitutionality of taxing unrealized income without apportionment among the states.

UMD’s Justice for Fraud Victims to Host Business Fraud Prevention Seminar

Digital age-infused financial crimes against businesses are the focus of a free, single-day seminar forthcoming from Justice for Fraud Victims (JFV) at the University of Maryland’s Robert H. Smith School of Business in cooperation with the Prince George’s County Police Department’s Financial Crimes Unit. The seminar, Business Fraud Prevention, takes place 8:30 a.m.- 5 p.m. Friday, Nov. 3, 2023, at the College Park Marriott Hotel and Conference Center, 3501 University Blvd., E. Adelphi, Md.

‘Safe Harbor’ for Crypto Fraud Victims and its Relevance to the Celsius Case

The risk in crypto investing resurfaced prominently last month, related to former Celsius Network CEO Alex Mashinsky’s arrest on criminal and civil charges stemming from his activity with the now bankrupt cryptocurrency lending platform.

‘Unclaimed Refund’ and Other Scams: Insight from TerpTax and Justice for Fraud Victims

Every few months the Internal Revenue Service warns about fraudsters sending out emails (phishing) or text messages (smishing) from what are not IRS points of origin, but cleverly appear to be. The newest IRS advisory describes a scheme that Smith’s Samuel Handwerger says “is very clever, as it reverts to the old-fashioned method using ‘snail mail.’”

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