If you or your organization has failed to report, under-reported or failed to pay appropriate Maryland taxes in the past decade or so, you need to be aware of the state's upcoming tax amnesty period.
As of this moment, 19 states have legalized medical marijuana. Moreover, four states and the District of Columbia have legalized adult possession of at least small amounts of marijuana. While cultivation and sales are still strictly regulated in most places, there's a lot of money to be made in legalized pot -- but no effective rules on how that money is taxed.
Some people in the Washington, DC, area probably breathe a sigh of relief after the statute of limitations passes for past tax liability. However, taxpayers must also realize when filing a return -- or failing to file a return for that matter -- that they are not necessarily off the hook for an audit.