How COVID Will Change Your Tax Return
And why it might have you feeling a bit more charitable than usual.
Virtual Tax Filing Assistance: How Maryland Smith Students Serve Peers, Community
When COVID-19 prompted a mid-March campus “Terp” shutdown it also halted TerpTax, a 6-year-old, free on-campus tax-filing service. Maryland students – mostly Maryland Smith accounting majors and including both master’s students and undergrads – had been assisting student peers and low-income members of the surrounding community, as both walk-ins and by appointment, from 6-9 p.m. Mondays through Thursdays in Room 3522 of Van Munching Hall.
Smith Students Providing Tax Filing Assistance
For the fourth consecutive year, students of the University of Maryland’s Robert H. Smith School of Business are preparing income tax returns for UMD students and staff, as well as individuals from the surrounding community. Smith’s Master Service Club has been providing the service from 6-9 p.m. Mondays through Thursdays, in 3505 Van Munching Hall.
The Quirk in the IRS’s Tuition-Reporting Rules
SMITH BRAIN TRUST – College-tuition-paying tax filers should be extra careful when claiming that tax credit – at least for one more year. In the following piece, lecturer Samuel Handwerger at the University of Maryland's Robert H.
The Trouble with Trump’s Executive Order on New Regulations
By SAM HANDWERGER SMITH BRAIN TRUST - “OK, tell me what to do.” “I can't tell you.” “Why not?” “Well, the president told me not to.” “But I need you to explain to me the law so I can understand how to apply the law.”
Seven Ways to Trigger an IRS Audit
SMITH BRAIN TRUST – Could the tax deduction you take on mortgage interest actually result in a tax audit from the IRS? How about the early withdrawal you made from your retirement account last year, or the charitable donation you made? Smith School lecturer Samuel Handwerger warns that the deductions you plan to take this year could put your income-tax return squarely in the crosshairs of an IRS auditor.
IRS Puts ‘Jaundiced Eye’ on MBAs
SMITH BRAIN TRUST — A recent tax court overruling of the Internal Revenue Service marks “a big win for all MBA students” — according to a Wall Street Journal source in a report further stating that the case "shoul
How the IRS Smokes Pot Clinics
SMITH BRAIN TRUST — Maryland will award its first batch of medical marijuana licenses by the end of July.