State of Maryland Tax Amnesty Program
July 23, 2009

The upcoming State of Maryland Tax Amnesty Program could be of a great benefit to you, your company and friends, family, and associates who may have personal or business-related unpaid Maryland back-taxes and/or unfiled tax returns. Pursuant to the recent Senate Bill 552, which was signed into law by Governor O'Malley on May 7th, 2009, the Comptroller of Maryland will be instituting a Tax Amnesty Program beginning on September 1, 2009 and ending on October 30, 2009. The Comptroller must waive all civil penalties and one-half of the interest, which has accumulated on unpaid back taxes for taxpayers who participate in the Amnesty Program. The Amnesty Program primarily applies to: 1) a taxpayer who files a late tax return and pays the tax due on the late return between September 1, 2009 and October 30, 2009; or 2) pays tax between September 1, 2009 and October 30, 2009, which is due on a previously filed return. The Amnesty Program applies to the following kinds of taxes: 1) individual income tax; 2) corporate income tax; 3) withholding tax; 4) sales and use tax; 5) or admissions and amusement tax.

The foregoing is a very brief overview of the Tax Amnesty Program and is not intended to be a complete explanation of the Tax Amnesty Program; a review of each individual taxpayer's situation would be necessary to confirm whether the taxpayer is qualified to participate in the Tax Amnesty Program. However, the benefits for a qualifying taxpayer could be significant. If you have any questions regarding the Maryland Tax Amnesty Program, please contact:

If you have questions, please contact:
Matthew Penater

MPenater@tandllaw.com
(410) 752-2468