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Tax Considerations for Maryland Attorneys Who Become Partners

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In addition to the many professional and personal requirements that come with achieving partner status, the individual federal, Maryland, and other state tax requirements and filings will now require additional time and attention. It becomes the responsibility of each partner to report his/her share of income and pay his/her corresponding federal, Maryland and other state income taxes. This publication will discuss how these changes and growing complexities affect tax considerations for attorneys who become partners.

This article focuses on federal income tax requirements and Maryland and other state income tax requirements.

This was my first time working with auditors and I was bracing for a tough audit and tax experience, but Jim Larson and his engagement team of Bob Maleta and Hang Hoang were very patient, kind and accommodating in breaking down their complex questions into layperson’s terms I could understand.

Carol |  Binstock
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