Who Is Entitled to $61 Million in Unclaimed Property?

According to the Comptroller of Maryland, four residents were recently identified as entitled to more than $564,000 in unclaimed property. Comptroller Peter Franchot publishes the list annually and this year it contained more than 80,000 unclaimed property accounts amounting to more than $61 million. Maryland residents net big checks in unclaimed property Each of the…

Read More

Back to School Tax Reminders for Students

Back-to-school season is in full swing but summer is not quite over yet. Before working students pack up to head back to campus, now is a good time to take note of information that will be needed come tax time in spring 2018. Summer income is taxable – plan now for fewer spring headaches For…

Read More

Maryland Governor Race May Impact State Taxes in 2018

A flurry of contenders are announcing their intent to run for Maryland governor and their campaign platforms would impact the tax situations of businesses and individuals across the state. The proposed legislation and policy changes, if adopted, could impact taxes in multiple ways. Maryland primary candidates propose health care changes The most recent Maryland governor…

Read More

Lessons to Learn from the 2016 Tax Year

For many Americans, the process of filing 2016 tax returns is now in the rear view mirror. Some wound up receiving a hefty refund check, whereas others may have found themselves facing an unexpected bill. Either way, it is important for taxpayers on both sides of the ledger to realize that there are valuable lessons…

Read More

Start of Tax Filing Season Draws Near

Now that the holidays are in the rear-view mirror, it is time for taxpayers across the Mid-Atlantic region to turn their attention to the start of the filing season. To that end, the Maryland tax attorneys¬†at Rosenberg Martin Greenberg wish to remind everyone of important details pertaining to this year’s cycle, including critical deadlines and…

Read More

Accurately Valuing Charitable Donations for Deduction Purposes

As the filing year draws near its end, many taxpayers in Maryland and across the country are reviewing key documentation and finalizing their charitable giving plans as a means to reduce their overall liability. Itemizing deductions, particularly those related to donations,¬†can be a useful tool for accomplishing this objective, provided that the true value of…

Read More

Governor Hogan Addresses MD Budget Shortfall by Proposing Cuts of $82 Million

In response to the significant budget shortfall, Maryland Governor Larry Hogan proposed $82 million in spending cuts which have since been approved by the Board of Public Works. The necessity of these reductions to the existing $43 billion budget began to emerge during the initial months of the current fiscal year when it was clear…

Read More