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Tax Considerations for Maryland Attorneys Who Become Partners
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.
Andreas is an ace in the hole for us. We not only leverage his expertise to monitor our investments around the world, but we view his biggest asset as the ability to facilitate learning and capacity building across all of our partnerships.
Michael Letta | Chief Financial Officer