Maryland has enacted the 2015 Tax Amnesty Program, which will run from September 1, 2015 through October 30, 2015. Under this program, taxpayers can apply for a waiver of 100 percent of any civil penalties (excluding fraud penalties) and 50 percent of any interest charges against qualifying delinquent tax liabilities.

The Tax Amnesty Program applies to taxes such as:

  • Personal income tax
  • Fiduciary income tax
  • Pass-through entity nonresident income tax (S-Corporation and Limited Liability entities)
  • Corporate income tax
  • Employer withholding tax
  • Sales and use tax
  • Admissions and amusement tax

Submitted applications must include a full payment of the amnesty-adjusted outstanding debt, or a minimum of 10 percent of the amnesty amount due, and an installment payment plan that will satisfy the obligation no later than December 31, 2016.

Amnesty applications must be received with a postmark no later than October 30, 2015.

For more information about the 2015 Tax Amnesty Program in Maryland or how it may impact your business or individual circumstances, please contact the Certified Public Accountants and Business Advisors at Fitzpatrick, Leary & Szarko LLC.