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    taxamateur's Avatar
    taxamateur Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 6, 2009, 07:19 AM
    liabilities and equity on corporate tax states of MD
    Hi,
    I am trying to fill out my State for MD corporate personal property tax return.
    How do you figure out "liabilities and equity"?
    Are they saying the sum of liabilities and equity?

    FOr example,
    If I have $10,000 in assets and
    liabilities = $4,000

    what do I put for the line that says
    Liabilities and Equity _______________

    Please help. I am desperate.
    Thanks.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jun 4, 2009, 10:40 AM
    You are trying to prepare a corporate return, and you do not know how to determine liabilities and equity?

    You are in OVER your head! Get professional tax help!
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