Maryland Tax System Ranks High in Overall Fairness

A recent study has shown that when it comes to fairness, Maryland’s system of taxation ranks quite high. The responses offered by respondents in a recent analysis conducted by financial information firm WalletHub indicate that many residents of the state feel that tax obligations are spread more equitably, whereas residents of numerous other states believed…

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5 Reasons to Work with a Baltimore Tax Lawyer

Advertisements for do-it-yourself tax solutions may sound attractive but there are times when there is simply no substitute for a Baltimore tax lawyer. The following are a few of the reasons you should draw on the expertise of a tax attorney at Rosenberg Martin Greenberg. You face tax penalties. We have seen the number of…

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Enter Taxman: Income Taxation of Personal Injury Litigation Settlements

You represent a client in a difficult personal injury case and are close to finalizing an agreement that you believe would achieve a great result for your client.  Is it time to celebrate?  Not quite yet.  You have to consider and address one of the things that is certain in life:  TAXES.  Is Uncle Sam…

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Maryland Court Upholds Insurance Co.’s Exemption from Corporate Income Tax

An April 24 opinion issued by the Maryland Tax Court can be viewed by many taxpayers as a welcome affirmation of the argument that when statutory language is clear and unambiguous, the Comptroller has no freedom to impose contrary interpretations. This development is good news for individuals and companies structuring their financial activity to comport with the…

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Are winnings from an office NCAA basketball pool taxable income?

(This article was originally published in the Baltimore Business Journal on March 20, 2015) Sidestepping the legalities of NCAA office pools, gambling winnings constitute taxable income.  Gambling income includes, but is not limited to, cash or property won in lotteries, raffles, horse and dog races, casinos and your friendly office pool.  There is no threshold…

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Is litigation the only option after failing to reach a resolution at a hearing with the IRS Office of Appeals?

No.  The IRS Office of Appeals (“Appeals”) offers two alternatives for taxpayers unsatisfied the result produced by the Appeals process but unwilling to bear the cost of litigation. A taxpayer may request Post Appeals Mediation (“PAM”) by submitting a written statement to Appeals detailing his or her position on a specific disputed issue.  If Appeals…

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Employment Tax Changes after DOMA

A panel discussion and examination of federal tax changes resulting from the U.S. v. Windsor decision and the repeal of DOMA section 3 at the NBA Midyear meeting on March 28, 2014. You can download the full presentation here: nba_mid-year_doma_panel_presentation_2014.pdf

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Are civil unions and domestic partnerships between same-sex individuals treated as marriages for federal income tax purposes?

No.  In the United States, various states established domestic partnerships and civil unions by law to grant quasi-marriage rights within those states to same-sex couples in response to the 1996 federal Defense of Marriage Act (“DOMA”) and state prohibitions on same-sex marriage.  The particular privileges granted to these couples depend on the law of each…

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Rosenberg Martin Greenberg Tax Controversy Group Sponsors Military Tax Program and Debuts New Microsite

Rosenberg Martin Greenberg, LLP, a 45-attorney business advisory law firm headquartered in Baltimore, MD with satellite offices in Annapolis, MD and Wilmington, DE, is proud to announce its Tax Controversy Group’s continued sponsorship of Fort Meade during the 2013 tax return filing season as part of the U.S. Military’s Volunteer Income Tax Assistance Program. The…

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