Form 500d - Corporation Declaration Of Estimated Income Tax

2017

CORPORATION DECLARATION OF

MARYLAND

FORM

ESTIMATED INCOME TAX

500D

INSTRUCTIONS

Purpose of Form Form 500D is used by a corporation to

Enter the Federal Employer Identification Number (FEIN). If

declare and remit estimated income tax.

the FEIN has not been secured, enter “APPLIED FOR”

followed by the date of application. If a FEIN has not been

Corporations expected to be subject to estimated tax

applied for, do so immediately.

requirements should use Form 500D to remit any payment

due.

Payment Instructions Enter the amount of estimated tax

paid in the space provided. Include a check or money order

NOTE: Do not use this form to remit estimated tax for Form

made payable to Comptroller of Maryland. All payments

510 or to remit employer withholding tax.

must indicate the FEIN, type of tax and tax year beginning

General Requirements Every corporation that reasonably

and ending dates. DO NOT SEND CASH.

expects its Maryland taxable income to develop a tax in

You may pay your estimated tax using one of the following

excess of $1,000 for the tax year or period must make

methods:

estimated income tax payments. The total estimated tax

payments for the year must be at least 90% of the tax

1) Electronic Funds Transfer Taxpayers must register

developed for the current year or 110% of the tax that was

before using this method. To obtain a registration form,

developed for the prior year to avoid interest and/or

visit or call 410-260-7980.

If payment is made by electronic funds transfer, do not

penalty. At least 25% of the total estimated tax must be

remitted by each of the installment due dates. The

mail Form 500D; retain for company’s records.

annualization method for calculating estimated tax is not

2) Filing Electronically using Modernized Electronic

permitted for corporations.

Filing method (software provider must be approved by

the IRS and Revenue Administration Division). If filed

In the case of a short tax period, the total estimated tax

payment required is the same as for a regular tax year: 90%

electronically, do not mail Form 500D; retain it

with company’s records.

of the tax developed for the current (short) tax year or

110% of the tax that was developed for the prior tax year.

Taxpayers making payments of $10,000 or more must

The minimum estimated tax for each of the installment due

use one of these two electronic methods. If you need to

dates is the total estimated tax required divided by the

make additional payments for the current tax year, you

number of installment due dates occurring during the short

may file electronically, or, you can visit www.

tax year. However, if the corporation has a short tax period

and download another Form

of less than 4 months, it does not have to pay estimated

500D.

tax nor file Form 500D.

3) Mailing Instructions Mail payment and completed

Maryland law provides for the accrual of interest and

Form 500D to:

imposition of penalty for failure to pay any tax when due.

Comptroller of Maryland

If it is necessary to amend the estimate, recalculate the

Revenue Administration Division

amount of estimated tax required using the estimated tax

110 Carroll Street

worksheet provided. Adjust the amount of the next

Annapolis, MD 21411-0001

installment to reflect any previous underpayment or

overpayment. The remaining installments must be at least

25% of the amended estimated tax due for the year.

Consolidated returns are not allowed under Maryland law.

Affiliated corporations that file a consolidated federal return

must file separate Maryland declarations for each member

corporation.

When to File File Form 500D on or before the 15th day of

the 4th, 6th, 9th and 12th months following the beginning

of the tax year or period. In addition to payments with Form

500D, the corporation may partially or fully apply any

overpayment from the prior year Form 500 – Maryland

Corporation Income Tax Return to the estimated tax

obligation for this year.

Tax Year or Period Enter the beginning and ending dates

of the tax year in the space provided.

The same tax year or period used for the federal return

must be used for Form 500D.

Name, Address and Other Information Type or print

the required information in the designated area.

Enter the name exactly as specified in the Articles of

Incorporation, or as amended, and continue with any

“Trading As” (T/A) name if applicable.

COM/RAD-002

Form 500d - Corporation Declaration Of Estimated Income Tax - 2017 Page 2

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