With the Maryland Comptroller’s pronounced “aggressive effort to crack down on corporations avoiding taxes using Delaware Holding Company tax schemes,” and the Maryland Tax Court’s recent decision favoring the State in the Classics/Talbots litigation, now may be the time for taxpayers to reconsider voluntary disclosure with Maryland, and resolve any potential outstanding tax liabilities under a disclosure agreement that offers beneficial terms and more flexibility. 

The Reed Smith State Tax Group will present a teleseminar program concerning voluntary disclosure agreements in Maryland for intangible holding companies.  Any corporation with potential outstanding tax liabilities in Maryland as a result of an intangible holding company structure will want to join Reed Smith lawyers, Stephen Blazick, Michael Jacobs, and Randy Varner for a discussion on voluntary disclosure in Maryland for intangible holding companies.  Steve, Mike and Randy will discuss:

• Voluntary disclosure agreements involving intangible holding companies.  Why enter into an agreement now?  What are the terms and benefits?
• The SYL and Classics/Talbots cases, and their impact on future cases.
• Pending cases at the Maryland Tax Court involving intangible holding companies.
• Does it make sense to wait to enter into an agreement?

For more information, please contact Andrea Gula.