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Longman & Van Grack Testifies on Maryland Tax Legislation

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(Newswire.net — March 11, 2016) Bethesda, Maryland — Robb Longman, the Chair of the Tax Section of the Maryland State Bar Association and an attorney with the law firm of Longman & Van Grack, LLC, recently testified against House Bill 1054 before the Maryland House of Delegates. The House’s Ways and Means Committee held a hearing on HB 1054. Mr. Longman argued that while the passage of the bill seemed logical, existing statutes already covered penalties for failure to pay taxes in the State of Maryland. “Passage of this House Bill will affect those with limited means of payment,” says Mr. Longman. “It would unfairly increase penalties for all taxpayers who are unable to pay their taxes at the time they are due.” To learn more about the law firm behind this testimony, visit https://www.lvglawfirm.com/tax-planning-and-tax-controversy-attorney/.

The Comptroller of Maryland is currently required to assess a penalty against taxpayers who fail to file their tax returns timely or who fail to fully pay the tax liability due. Like any law there are exceptions and situations when the penalty amount is increased or when the penalty amount can be waived. In Maryland, the penalty for the failure to file a tax return and failure to pay income taxes is not be greater than ten percent of the unpaid tax. When a tax return has a liability due, the penalty will be assessed against the taxpayer. The Comptroller of Maryland is not required to impose the full amount of the penalty against all taxpayers, but in most cases it does assess the full ten percent penalty.

HB 1054 will increase the penalty for failure to pay taxes. The penalty would increase to a mandatory 10 to 25 percent. The penalty amount would increase based upon the length of time a taxpayer is late in making payment. The penalty amount would start with 5 percent for 30 days of failure, and would continue to increase until 120 days, when the full 10-25 percent penalty could go into effect. Mr. Longman argued to the Maryland House of Delegates that this bill would have a damaging effect on taxpayers who were unable to make timely tax payments due to financial hardships. To learn more about Longman and Van Grack, LLC, visit https://www.lvglawfirm.com/.

About Longman & Van Grack, LLC

Longman & Van Grack, LLC is a Maryland-based law firm that represents clients in a wide variety of areas, including business law, civil litigation, estate planning, tax law, and recreation law. With decades of experience practicing law in the National Capital region of Maryland, Virginia, and Washington, D.C., the law firm is uniquely suited to help clients make smart legal decisions. Personalized service and expertise in the legal world makes the company’s knowledgeable team of attorneys a trusted source for legal assistance throughout the firm’s service area.

Longman & Van Grack, LLC

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10411 Motor City Drive Suite 750
Bethesda, Maryland 20817
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(301) 519-9622
ed.samuels@auxiliumtechnology.com
https://www.lvglawfirm.com

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