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Archive by Month: December 2019

2019 Year in Review: What Maryland Residents Need to Know About Federal Tax Law Compliance

Posted in Offshore Account Update on December 31, 2019

If you live in Maryland or own a company that does business in Maryland, you owe obligations to the Internal Revenue Service (IRS). Even if you don’t owe any tax, you still have reporting obligations, and failing to submit the necessary annual filings is one of the surest ways to draw the IRS’s ire. However, there are various other issues that can expose Maryland taxpayers to IRS scrutiny as well – and we covered many of these issues on our blog during 2019.

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