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Maryland interest penality on taxes owed
Hi,
My wife owns a rental property with her brothers.
At the end of the year, she receives a 1099 MISC for income which no state of Maryland taxes were taken out.
I know that I owe state taxes, but am being charged an interest penality becuasetaxes were not paid at the time they were earned.
Tubo tax does not show this penality but when I use the state of MD filing form, the penality shows up.
Do I really owe the intrest penality?
How do I avoid in the future?
Thank you
‎April 2, 2024
3:15 AM