Pay Back Taxes Before the IRS Finds You
August 24, 2009 | 
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Senior Tax Partner Steve Albert featured in Baltimore Sun on 8/23/09 in “Pay Back Taxes Before IRS Finds You” by Eileen Ambrose.
“Maybe you purposely underreport your income to the IRS or have gone along for years without filing a tax return. Or, you made a mistake significantly in your favor on the return and never fixed it.
Whatever the case, it’s not too late to make it right with the IRS. Uncle Sam prefers that you voluntarily come forward and pay what’s due rather than having to track you down or, in serious cases, prosecute you. And while you’re at it, you might need to make good on state taxes. Fortunately for Marylanders in tax arrears, the state is launching an amnesty program next month.”
Tax Questions Answered Live
August 21, 2009 | Subscribe to our RSS Feed
Join Glass Jacobson’s Senior Tax Partner, Steve Albert, on “Consuming Interests,” a live chat at the Baltimore Sun.
Maryland Tax Amnesty – An Overview
August 20, 2009 | Subscribe to our RSS Feed
The State of Maryland has introduced a Tax Amnesty Period to run from September 1, 2009 to October 30, 2009.
This amnesty period allows taxpayers with outstanding liabilities to pay their bills without being assessed new civil penalties or criminal prosecution (period does not waive existing penalties or charges). The State will also waive one-half of any unpaid interest for eligible tax payers.
Gambling Wins and Losses – Tax Tips
August 10, 2009 | Subscribe to our RSS Feed
Here are seven things the IRS wants you to know about reporting what Lady Luck has sent your way.
All gambling winnings are fully taxable.
Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, poker tournaments and casinos. It includes cash winnings and also the fair market value of prizes such as cars and trips.
Worker Misclassification Enforcement in MD
August 3, 2009 | Subscribe to our RSS Feed
Martin O’Malley issued an executive order July 14 establishing a new task force in an effort to crack down on employers who violate tax and other laws by misclassifying employees as independent contractors.
“This executive order, combined with passage this year of the Workplace Fraud Act, should send the clear message that Maryland will not tolerate employers who try to cheat the system, and that we are committed to arming ourselves with the tools necessary to eradicate this pervasive practice,” O’Malley said in a statement.
Maryland Labor Secretary Thomas E. Perez said, “Our goals are threefold: to recoup state revenues, to ensure workers are treated fairly, and to level the playing field for employers who play by the rules.”