Category Archives: Tax Law

Student Loan Forgiveness

The Administration and the U.S. Department of Education have announced a three-part plan to help [...]

Our new website has launched!

We are pleased to announce that McCormick Tax Group has launched a new website at! [...]

IRS Warns Taxpayers Against Scammers

  Taxpayers, beware of common tax scams that occur around tax season whether via email [...]

Halting Notices Not A Simple Task

  In local tax news, Gregory Twachtman, a Washington News Editor, posted the following article: [...]

2021 Tax Season Letter

  Dear Clients, Friends, and Colleagues; Happy New Year! I hope you and your loved [...]

IRS backlog…Tax Season is Coming

  The IRS is already facing a backlog and the 2021 tax season is about [...]

The Child Tax Credit

  Taxes are a huge issue in Washington right now and  one way or the [...]

Mike’s Tax Bites – Tax Law Changes

  There have been many changes to the tax laws in the last several months [...]

PPP- “Double Dip” allowed

  Late in the evening of December 20th, Congress passed the Consolidated Appropriations Act. It [...]

Client Mailbag- Gambling Winnings

  Dear Mike; I just got back from a trip to Vegas and was lucky [...]

IRS Waives Penalty for Many Whose Tax Withholding and Estimated Tax Payments Fell Short in the 2018 Tax Year

  The IRS has just released news of waiving the penalty for many taxpayers whose [...]


In our ongoing series on year-end tax tips, we thought we would address Crypto-currency trading. [...]

Bunching Deductions

  It’s that time of year again — time to start planning to cut your [...]

Hurricane Relief

  With the hurricane headed for the east coast we thought it would be a [...]

The Impact of the Tax Cuts Act on Retirement Plans and IRAs

  The Tax Cuts and Jobs Act modifies several provisions related to retirement plans and [...]

The Impact of the Tax Cuts and Jobs Act on Home Ownership and Financing

  As summer is winding down we are getting a lot of client questions about [...]

Tax Credits Help Offset Higher Education Costs

  This summer is flying by and unbelievable it is almost back to school time. [...]

Settling Tax Debt- Making an Offer in Compromise

  Taxpayers who owe money to the IRS often feel helpless and procrastinate, waiting for [...]

The Right to a Fair and Just Tax System: Taxpayer Bill of Rights #10

  All taxpayers have the right to a fair and just tax system. This is [...]

I’m getting audited! Now what?

  Full blown, old-fashioned audits have become rarer and rarer. You know the kind…everyone’s fear, [...]