Maryland Get Ready For Tax Amnesty 2015

Maryland Get Ready for Tax Amnesty!

The amnesty application (AM-15) is scheduled to be available on August 28th. Applications will start being accepted on September 1st.

The Tax Amnesty Program applies to:

• Personal income tax
• Fiduciary income tax
• Pass-through entity nonresident income tax
• Corporate income tax
• Employer withholding tax
• Sales and use tax
• Admissions and amusement tax

The Facts:

• Previous recipients of 2001 or 2009 amnesty are not eligible.
• Applications must be postmarked no later than October 30, 2015.
• Any payments made before the amnesty period will not be eligible.
• If choosing the payment plan option it must be completed by 12/31/16.
• If you currently are on a payment plan you may still be eligible for amnesty.
• You must have an outstanding liability beyond penalties and interest to qualify.
• You may be eligible for amnesty even if you have been or are currently being audited.
• Don’t procrastinate after amnesty is over the chances of being caught and charged will be greater. New technology is being implemented to catch non-payers.

To Do’s:

• You must file all tax returns
• Applications are accepted between 9/1/15 – 10/30/15.
• The faster you apply the better your chances of acceptance.

Call us today 410-727-6006 to see if you qualify.