Oldtown is a unincorporated community in Allegany County, Maryland along the North Branch Potomac River. It was established in 1741 by Thomas Cresap, who built a trading post along an old Native American trail. The settlement was called "Shawanese Old Town" because it was the site of a Shawnee village abandoned about a decade earlier. In later years the explanatory prefix was dropped from the name and the place because known simply as "Oldtown. " Cresap's son Michael Cresap was born at Oldtown. A post office was established there on May 26, 1870. Oldtown is connected by a one-lane low water toll bridge to Green Spring in Hampshire County, West Virginia. The "Chesapeake & Ohio Canal" reached Cumberland, MD from Georgetown (Washington, DC) in 1850 by way of Oldtown at Milepost 166.5. The "Baltimore & Ohio Railroad", located just across the Potomac from Oldtown had reached Cumberland eight years earlier. The canal finally closed operations as a carrier in 1924 due to flood damage. The B&O Railroad, now CSX, continues to be a major carrier; and it is used daily by Amtrak's "Capitol Limited" between Washington, DC and Chicago. The "Western Maryland Railway" expanded west, from Big Pool, MD to Cumberland, MD as a Class-I Railroad in 1906 with the mainline being constructed through Oldtown complete with a train station located at the lower end of town. Passenger service ended on the Western Maryland Railway between Cumberland and Hagerstown, MD on May 30,1953. Afterwards it was not uncommon for B&O Passenger trains to be rerouted over the WM through Oldtown. The last scheduled mainline trains through Oldtown occurred on May 12,1975 for freight, and May 21,1975 for a Chessie System Passenger Special. The line was officially abandoned as part of the "Chessie System" consolidation and all WM trains began running on the nearby B&O. A Chessie System work train pulled up the rails through Oldtown in June 1976.

What is tax law?

Tax law is the codified system of laws that describes taxes on economic transactions. Tax attorneys advise and represent individuals and businesses on all types of tax issues -- including income tax, payroll tax, property tax, and estate and gift taxes. Tax attorneys ensure that their clients are in compliance with federal and state laws and regulations, and represent taxpayers in enforcement proceedings initiated by the Internal Revenue Service (IRS) and/or state taxation agencies.

Answers to tax law issues in Maryland

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

At the federal level, the primary tax is the income tax. Most know this form of taxation by the completion of the...

The IRS can seize just about anything you own-including your home and pension plans. There is a list of items exempt...

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

Most types of businesses-sole proprietorships, partnerships, corporations that have qualified for subchapter S...

Non-profits will want to apply for and obtain federal and state nonprofit tax exemptions. Many groups don't want to...

The Tax Relief and Health Care Act of 2006 made significant changes to the Informants Reward Program under the False...

Federal court opinions concerning tax law in Maryland