Statutory Guidelines [Appendix A(6) Revenue Procedure 93-34] regarding rules under which a designated settlement fund described in section 468B(d)(2) of the Internal Revenue Code or a qualified settlement fund described in section 1.468B-1 of the Income Tax Regulations will be considered "a party to the suit or agreement" for purposes of section 130.
Maryland Revenue Procedure 93-34 is a document issued by the State of Maryland that provides detailed guidelines and instructions for taxpayers regarding certain tax matters. This revenue procedure addresses various tax aspects and outlines the procedures to be followed for specific scenarios or situations. It is important for taxpayers in Maryland to have a clear understanding of this revenue procedure to ensure compliance with state tax laws and regulations. One of the key aspects covered by Maryland Revenue Procedure 93-34 is the process for obtaining a ruling or advisory opinion from the Comptroller's Office. Taxpayers can request a ruling or opinion to seek guidance on the tax treatment of a particular transaction or issue. This procedure outlines the necessary information and documentation required to be submitted along with the request and provides details on the timeline and process followed by the Comptroller's Office in rendering a decision. Additionally, Maryland Revenue Procedure 93-34 also addresses tax notices, assessments, and appeals. It provides taxpayers with information on their rights and responsibilities when they receive a notice or assessment from the Comptroller's Office. This procedure explains the steps to be taken to dispute or appeal the assessment, including filing deadlines and required documentation. Another important aspect covered by this revenue procedure is the process for obtaining a tax clearance certificate. Tax clearance certificates are often required in certain situations, such as when selling real property or transferring certain business assets. Maryland Revenue Procedure 93-34 outlines the application process for obtaining a tax clearance certificate and the supporting documentation required. While Maryland Revenue Procedure 93-34 covers various tax matters, it is worth noting that there may be different types or versions of this revenue procedure, depending on the year of issuance or specific updates made by the Comptroller's Office. Therefore, it is important for taxpayers to refer to the specific version relevant to their period or situation to ensure compliance with the latest guidelines. In summary, Maryland Revenue Procedure 93-34 is a detailed document that provides taxpayers in Maryland with guidelines and instructions for various tax matters, including rulings, notices and assessments, appeals, and tax clearance certificates. By understanding and following this revenue procedure, taxpayers can ensure compliance with state tax laws and regulations and effectively navigate the tax system in Maryland.
