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.”

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.

By Samuel Handwerger 

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

SMITH BRAIN TRUST — Maryland will award its first batch of medical marijuana licenses by the end of July.

For a second year in a row, TerpTax “made a big impact” on the campus and local community, say its organizers. The program’s 70-plus student volunteers from the University of Maryland’s Robert H. Smith School of Business prepared tax returns yielding about $200,000 in federal refunds collectively for more than 300 UMD students, staff members and off-campus community members.

In some places, they're called 1099'ers, after the tax form on which their income is reported: People who do work for a corporation but are classified as independent contractors.

SMITH BRAIN TRUST — Yahoo announced on Wednesday that it was reversing course on a plan to spin off its stake in the Chinese e-commerce company Alibaba — shares worth more than $30 billion.

We know one thing about Elon Musk's personal tax filing for 2020. And it says a lot about the IRS and its priorities.

Hello, tax season. Here are four reasons why early filing is smart filing.