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Maryland Divorce & Tax Issues
A divorce comes with many difficult challenges, but those involved also need to consider the tax consequences of the divorce. Tax issues can result from a number of areas. Of course, the parties will no longer be able to use their married status...
Personal Liability for Maryland Business Taxes
Unlike most business debts, employees and owners of a Maryland business can have personal liability for the company's tax debts. Similar to how the IRS pursues responsible persons and owners for payroll taxes, states, including Maryland, also...
A Prelude to a National Sales Tax?
Squeezed into the Democrat's health care reform bill was a little noticed provision for a 10% "excise" tax on tanning services. Under the bill's Section 5000B, the tanning tax "shall be paid by the individual" receiving the services. The tanning...
Pennsylvania Tax Amnesty 2010 Summary
The 2010 Pennsylvania Tax Amnesty officially ended June 18, 2010. If you missed the deadline you may still be able to negotiate payments and reduce your penalties for past due taxes. For instance, you may be able to use a Voluntary Disclosure...
Tax Installment Agreements – Payment Plans
If you are unable to pay the Internal Revenue Service for taxes you owe, you may be able to qualify for a tax payment plan. The IRS calls such payment plans an Installment Agreement. Your state, including Maryland, also may offer similar tax...
Where Should You Form Your Entity?
When forming a new LLC, many wonder whether it's better to form it in their home state or form it in another, such as Delaware, Wyoming, or Nevada. For most, the best choice is to form it in their home state. Some believe their business will...
