by Jeff Rogyom | Aug 22, 2022 | Business Planning & Corporate Law, Buying & Selling A Maryland Business, Maryland Estate Planning, Tax - Federal Corporate, Tax - Federal Income, Tax - Maryland, Tax - State Corporate, Tax - State Income
Persons holding equity interests in a business can use a buy-sell agreement to ensure the continuity of the business and to solidify their expectations regarding the taxes, rights, and obligations of each party. The buy-sell agreement can dictate the method by which... by Jeff Rogyom | Feb 11, 2019 | Tax - Federal Income, Tax - Maryland, Tax - State Income
A common question for Maryland tax attorneys is, “How long should I keep my tax returns?” Some do not expect or what to hear my answer. While many tax professionals, even the IRS, suggest it’s safe to discard tax documents 3 to 6 years after you file the... by Jeff Rogyom | Jul 17, 2017 | Tax - Federal Corporate, Tax - Federal Income, Tax - State Corporate, Tax - State Income
Owners of s-corporations are quickly introduced to complex tax issues. An s-corporation has “flow-through taxation”. This means the s-corporation itself usually pays no income taxes for its income, but its stockholders do. The s-corporation files its... by Jeff Rogyom | Sep 14, 2012 | Tax - Federal Corporate, Tax - Federal Income, Tax - Maryland, Tax - State Corporate, Tax - State Income
Whether on purpose or by mistake, taxpayers sometimes find themselves years behind on filing their tax returns. Sometimes people are lucky and decide on their own to file past due tax returns and move on with their life. Others have the decision made for them when... by Jeff Rogyom | Jan 11, 2012 | Tax - Federal Corporate, Tax - Federal Income, Tax - Maryland, Tax - Multistate & Nexus, Tax - State Corporate, Tax - State Income
Despite common belief, taxes can be discharged sometimes through either a Chapter 7 or Chapter 13 bankruptcy. In fact, bankruptcy is often the best option for many with tax debts. A tax attorney will typically be familiar with both the tax law and non-tax law... by Jeff Rogyom | Apr 5, 2010 | Tax - Maryland, Tax - Multistate & Nexus, Tax - Sales & Use, Tax - State Corporate, Tax - State Income
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 pursue responsible...
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