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Didn’t File Tax Returns? The IRS Offers Solutions for Nonfilers

September.14.2012

Whether on purpose or by mistake, taxpayers sometimes find themselves years behind on filing their tax returns.  Sometimes people are lucky and decide on their own to file past due tax returns and move on with their life.  Others have the decision made for them when an IRS agent knocks on their door.  Regardless, when you are significantly behind on your tax return filings, you should seek professional help to ensure you can minimize penalties and, hopefully, reduce the taxes you need to pay. Read more…

Family Business Succession Planning

March.25.2012

Small businesses comprise a significant portion of our economy. Unfortunately, most small businesses do not survive into the next generation of owners. The hard work and legacy of the current and prior generations can be wasted without proper planning.

Small business owners often feel they have sufficient time to begin making the transition and will delay the necessary steps until some fateful event forces them into acting. This leaves little or no time to prepare the business and the family for the burdens, both financial and managerial, that can be caused by a sudden and unplanned transfer. Read more…

Business Contract Drafting and Review

February.18.2012

Properly drafted commercial contracts not only improve the professional appearance of your business, but may also determine whether your contracts can be enforced in court or whether you can avoid court altogether.  For various motivations, some people attempt to create their own contracts or recycle agreements they somehow came across.  A company not relying upon an attorney to draft or review their contracts will be rolling dice both on their contracts’ appropriateness and enforceability.   Read more…

Taxes and Bankruptcy in Maryland

January.11.2012

Despite common belief, taxes can be discharged sometimes through either a Chapter 7 or Chapter 13 bankruptcy.  In fact, bankruptcy is often the best option for many with tax debts.  A tax attorney will typically be familiar with both the tax law and non-tax law options available to you and should be able to point you toward the best solution. Read more…

Streamline Your Company’s Legal Structure for Savings

November.28.2011

In our modern economy, companies should attempt to cut costs wherever possible.  But at some point companies hit a wall where additional cost reductions do not seem possible.  Often, these cost walls develop because of overly complex corporate structures.  Entities that were formerly useful can become burdens when their purpose disappears.  Sometimes these entities remain from a merger or acquisition or may have been formed to facilitate a now defunct tax strategy or to hold a formerly important line of business.  To get to the next level of cost savings, it is often necessary to look at the company’s legal structure, the company’s backbone. Read more…

Buy-Sell Agreements

July.16.2010

Persons holding equity interests in a business can use a buy-sell agreement to ensure the continuity of the business and to solidify their expectations regarding the taxes, rights, and obligations of each party.  The buy-sell agreement can dictate the method by which a person’s equity interest will be purchased.  Buy-sell agreements can be used by nearly any type of entity, regardless of whether the entity is a corporation, LLC, or partnership. Read more…

Maryland’s County Registers of Wills – Phone Numbers and Addresses for Probate

July.15.2010

For your convenience please find below the names, addresses and telephone numbers of the Register of Wills for each county in Maryland as of this date.  If you are opening a new probate or would like the assistance of an attorney, please feel free to contact me.

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