Tax

Maryland Offers Broad Tax Amnesty Program

June 2015
Author:  Bob Johnson Jr

Bob Johnson Jr

Partner

SALT Services

Manufacturing & Distribution

1201 Walnut Street, Suite 1700
Kansas City, MO 64106-2246

Kansas City
816.221.6300

Maryland recently established a tax amnesty program for taxpayers who failed to file a return, underreported a liability or failed to pay certain Maryland taxes.

The amnesty program offered by the Comptroller of Maryland runs from September 1, 2015, to October 31, 2015, and will allow taxpayers to self-report state and local individual income taxes, corporate income taxes, withholding taxes, sales and use taxes and admissions and amusement taxes that may have been unpaid as of December 31, 2014. Participants will receive a waiver of all civil penalties and 50 percent of any interest due; they also will be excluded from all criminal prosecutions arising from filing the delinquent return unless the charge is already pending or under investigation by a state prosecutor.

Unlike past Maryland tax amnesty programs that prohibited taxpayers from participating in an amnesty program if they were a certain size business, were under audit or had been identified by the tax agency, this program does not include any such limitations. Only taxpayers granted amnesty in amnesty programs held between 1999 and 2014 are ineligible to participate. So taxpayers that may have Maryland tax liabilities should consider participating in the amnesty program even if a current audit is in process or an appeal of an assessment has been filed.

Any taxpayer who may have unpaid Maryland taxes for periods through December 31, 2014, should consider the benefits of participating in the amnesty program. For more information about the program, or for help deciding whether you qualify, contact your BKD advisor.

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