Montgomery Community Media

Montgomery County Councilmembers want high-rise housing at Metro stations. Councilmember Hans Riemer held a press conference at the Forest Glen Metro Station Monday to discuss Bill 29-20, which would offer private developers payment and exempt them from property taxes for 15 years if they build high-rise buildings on Metro property. The housing must be at […]

El Senado estadounidense aprobó un paquete de estímulo económico de $2,000 millones de dólares para aliviar parte de la crisis generada por la pandemia COVID-19. Como parte de este paquete de estímulo el gobierno anunció que van a enviar dinero a través de la Oficina de Servicios de Rentas Internas IRS. Dendry Aguilar del Centro […]

Es época de declaración de impuestos y los contribuyentes tienen fechas límites para ponerse al día, ya sea como personas individuales y/o como empresarios. La contadora y experta en finanzas Deicy Rivera propietaria de Global Consulting Services, una empresa establecida en el condado de Montgomery, habla con MyMCmedia sobre lo que debemos tener en cuenta […]

A number of end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Here are a few of them: Deferring Income Businesses using the cash method of accounting can defer income into 2020 by delaying end-of-year invoices, so payment is not received until 2020. Businesses using the […]

District Capital’s Alvin Carlos shares his top three tax-related tips for small business owners. https://www.youtube.com/watch?v=eUxsGpfugxo&t=70s

Once again, tax planning for the year ahead presents a number of challenges, this year, primarily due to tax laws changes brought about the passage of the Tax Cuts and Jobs Act of 2018. These changes include the nearly doubling of the standard deduction, elimination of personal exemptions, and numerous itemized deductions reduced or eliminated. […]

As the New Year rolls around, it’s always a sure bet that there will be changes to current tax law and 2018 is no different now that many of the tax provisions pursuant to the Tax Cuts and Jobs Act of 2017 (TCJA) are in full effect. From health savings accounts to tax rate schedules […]

In a sit-down meeting with Maryland Senator Ben Cardin (Md-D), Nancy Suniewick of Silver Spring expressed concern over the tax reform bills passed recently by the Senate and the House. Both bills aim to eliminate the state and local tax reduction. According to the Tax Policy Center, state and local income and real estate taxes […]

Are you thinking of retiring soon, or changing jobs? You may face a major financial decision: what to do about the funds in your retirement plan. Note: As you will see, the rules on retirement withdrawals are quite complex. They are offered here only for your general understanding. Please consult a financial advisor before taking […]

If you are having trouble paying your debts, it is important to take action sooner rather than later. Doing nothing leads to much larger problems in the future, whether it’s a bad credit record or bankruptcy resulting in the loss of assets and even your home. If you’re in financial trouble, then here are some […]