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Showing posts with the label Tax Attorney Rockville

The Enactment of New Sales Tax on Digital Goods and Services in Maryland

Apr 12, 2021, witnessed a surprising change in the sales tax laws in Maryland. The enactment of a new sales tax on digital goods and services was passed in Maryland that surprised consumers and retailers by surprise. The Maryland General Assembly released S.B. 787 that bought in new tax rules for digital goods and services. Consumers and sellers were surprised by the new laws levied on digital goods and had to accept them in order to comply with everything legally. According to the latest news, they are expected to get familiar with the latest laws and analyze if and how they should deal. Although the laws have been documented for over a year, the sudden crash of the same has been a halt for many. Products Included Under the Revised Sales Tax Laws: Digital Goods Include: Digital newspapers, magazines, and other publications Ringtones Subscriptions for online content Downloads of online educational materials, sporting events, and movies Online classes and games Audio and video content

Can You Get Jailed For Not Paying Tax?

It is very common to find some people overlooking their tax deadlines and not paying taxes for the year. And we, as widely experienced tax attorney Rockville , have seen individuals who neglect their tax payments for two or more years due to various reasons. If you somehow are standing in this position, there’s bad as well as good news for you. The bad news is that unfortunately, you can go to jail for not paying taxes. The good news is that it can still be fixed easily. But you should understand one thing, you cannot go to jail if you don’t have money to pay your taxes.  What Can Get You in Jail It is a fact that the IRS never files criminal charges against a taxpayer just because he or she doesn’t have enough money to pay. It’s just that you pay much higher penalties while paying late than you pay the taxes on time. However, these things can get you in jail. 1. Tax evasion: Filing fraudulent returns is one of the tax evasion actions, and it can get you in prison for up to