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MARYLAND EXTENSION FOR BUSINESS TAX RETURN UPDATE
Reports and fees due on Januare now due Apwithout incurring interest and penalties.Īs we have been doing with all coronavirus legislation and IRS and SBA guidance during these past several months, we will be sure to update you with any additional insight as soon as possible.Reports and fees due on January 2021 are now due Apwithout incurring interest and penalties.Due dates for estimated tax filings and payment due between Januand Apare now due April 15, 2021.INDIVIDUAL & FIDUCIARY ESTIMATED INCOME TAX FILINGS & PAYMENTS Do not combine separate reporting periods into a single return.Payments originally due between Februand Apmay now be submitted on Apwithout incurring interest or penalties. Maryland Comptroller Announces Extension for Certain 2021 Business Tax Returns and Payments.Payments and filings for 2020 due on or before Januare unaffected.Affects payments due for January, February, and March 2021.Due dates of tax returns and remittances for periods beginning Januthrough Maare now due April 15, 2021.Do not combine separate reporting period into a single return.Returns and payments may be submitted by Apwithout incurring any interest or penalties.Affects returns for sales taking place in December 2020, January 2021, and February 2021.Claims for these returns must be filed no later than April 15, 2024.Extension for statute of limitations for filing a claim for refund of income tax also applies.
PLEASE CHECK HERE IF THIS IS AN AMENDED REPORT. If no tax is due and a Federal extension is requested, no filing of MD Form 500E, 510E, or any other action to extend due date to November 15, 2021. MARYLAND STATE DEPARTMENT OF ASSESSMENTS AND TAXATION.The state extension applies to individual, pass-through, fiduciary and corporate income tax returns. Extensions are automatic and do not require a filing. Maryland tax filers, however, have until July 15 to submit their individual state tax returns the three-month extension is the most generous tax filing and payment extension of any state in the nation.Due date of estimated taxes due between Januand Apare now due April 15, 2021.Interest and penalty will be assessed on any unpaid tax starting Apuntil tax is paid in full.Due dates of tax returns and remittances between Januand Apare now due April 15, 2021.
See below for the breakdown of the tax deadline extensions for Maryland.ĬORPORATE & PASS-THROUGH ENTITY INCOME TAX FILINGS & PAYMENTS Read the Tax Alert from the Comptroller’s office here. You can obtain a tax extension for any reason the IRS grants them automatically as long as you complete the proper form on time. Due to the ongoing economic impact of COVID-19, Maryland has extended certain tax types for individuals and business for 2021. The Internal Revenue Service allows taxpayers to file for an extension if they need more time to prepare their tax return.
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