Tax resources

Congress has made a revision to the Consolidated Appropriations Act, which was signed by President Obama in 2016, in an effort to reduce ongoing fraud. For the 2016 tax year employers must file their government copies of Forms W-2 to the Social Security Administration and 1099-MISC to the Internal Revenue Service by January 312017 rather than February 28 as it was in the past. If January 31 falls on a Saturday, Sunday, or legal holiday, the deadline will be the next business day. This will apply to both electronic and paper returns.

For 1099’s the new January 31 deadline only applies to Form 1099-MISC reporting amounts in Box 7: Non-employee Compensation. If you don’t have amounts in Box 7 you must file by February 28, 2017, for paper returns and by March 31, 2017, if you file electronically.

There will be penalties for reporting late, which can be found on If you have any questions regarding this change, please contact your representative at Hertzbach. 

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Tax Resources Blog

Tips to Prepare for the 2018 Income Tax Season

Posted By: Tax Department , November 13, 2017

With tax season only a few months away, it is crucial to make sure you are ready to process your tax returns in the spring. These following tips will help you to prepare for the upcoming tax season! Collect Relevant Documents and Forms Our first suggestion would be to gather all relevant documents. These forms…

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Beat the summer heat and shop Maryland Tax-Free Week

Posted By: Tax Department , August 11, 2017

Just in time for back to school shopping, Maryland apparel retailers are beginning a week of tax-free sales. The second Sunday of August to the following Saturday is designated as Shop Maryland Tax-Free Week each year. That means qualifying apparel and footwear $100 or less, per item, are exempt from the state sales tax. Accessory items are generally…

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