Maryland Tax Topics

Overview

Like many states, Maryland levies income taxes on its residents and raises revenue through such taxes as property tax and sales and use tax. Given that the state income tax is Maryland's largest, single source of general fund revenue and its signification population of governments and military taxpayers, Maryland tax preparers are frequently called upon to know and apply the rules relating to residents, nonresidents, and part-year residents as well as members of the military with or without income from overseas. This course begins with an overview of the Maryland tax system followed by a focus on the rules that apply to tax returns for individual taxpayers of different types. Changes to Maryland individual and business taxes that took place in 2019 are then discussed.

The course meets two hours of Maryland State Tax Related matters, the licensing requirement for Maryland Individual Tax Preparers is to obtain at least four hours of continuing education in Maryland state tax-related subjects, of which two hours may be satisfied by a federal course in ethics.

Learning Objectives

After successfully completing this course you will be able to:

  • given examples of taxpayers with different circumstances, correctly identify their residency status and determine whether each must file a Maryland tax return
  • identify the list of software providers approved by the Comptroller of Maryland for the preparation of individual tax returns and business tax returns
  • identify the Maryland tax credits for businesses that are new for 2019

Designed For

CPAs, EAs, and other tax professionals
WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Find Courses Now