Form 500dm - Maryland Decoupling Modification - 2011
Download a blank fillable Form 500dm - Maryland Decoupling Modification - 2011 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 500dm - Maryland Decoupling Modification - 2011 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
22011
MARYLAND DECOUPLING
FORM
500DM
MODIFICATION
11500N049
FOR FISCAL YEAR BEGINNING _________ 2011, ENDING _________
Name of taxpayer(s)
Taxpayer identification number
Use this form only if the Maryland return is affected by the use (for any tax year) of any of the following federal provisions from which Maryland
has decoupled (Decoupled Provisions):
• Special Depreciation Allowance under the federal Job Creation and Worker Assistance Act of 2002 (JCWAA) as increased and extended
under the federal Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA); and subsequent federal legislation, including the
American Recovery and Reinvestment Act of 2009 (ARRA).
• Carryover of a net operating loss (NOL) based on the special 5-year carryback provision under the JCWAA;
• Federal Section 179 depreciation deductions, taken for a tax year beginning on or after January 1, 2003. For Maryland tax purposes,
a taxpayer is only allowed to expense up to $25,000, reduced dollar-for-dollar by the amount over $200,000, of the cost of Section 179
property that is purchased and put in service for a trade or business for the tax year. For vehicles placed in service after May 31, 2004,
Maryland has also decoupled from the higher depreciation deduction for certain heavy duty SUV allowed under IRC Section 280F.
• Deferral of recognition of income from discharge of indebtedness under the ARRA;
• Deferral of deduction for original issue discount in debt for debt exchanges under the ARRA.
Read instructions on page 2 and complete the worksheet below.
Column 1
Column 2
Column 3
Federal Return
Federal Return without
Difference
as Filed
Decoupled
Increase/
Provisions
Decrease (-)
1. Depreciation Deductions
Subtract the amount in Column 2 from the amount in Column 1
and enter in Column 3. If less than 0, enter as a negative amount (-)
2. NOL Deductions
Subtract the amount in Column 2 from the amount in Column 1
and enter in Column 3. If less than 0, enter as a negative amount (-)
3. Original Issue Discounts
S ubtract the amount in Column 1 from the amount in Column 2
and enter in Column 3. If less than 0, enter as a negative amount (-)
4. Discharge of Business Indebtedness
Subtract the amount in Column 1 from the amount in Column 2 and
enter in Column 3. If less than 0, enter as a negative amount (-)
5. Other Changes
(See instructions on Page 2) ............................................................................................................................
6. Net Decoupling Modification
Net the amounts on line 1 through 5 of Column 3. This is the Decoupling Modification. Enter here and include as a positive
number in the appropriate line of the Maryland return being filed. Also enter the applicable letter code(s) in the boxes provided
on the return. See table below.
7. Decoupling from PTE. Enter code letter dp. (See instructions on Page 2.)
..................................................................
Use the following code
Use the following code
If line 6 above is
If line 6 above is
if there is an amount above on:
Return
if there is an amount above on:
positive enter
negative enter
Line 4
Filed
Line 4
Multiple
Line 2
Multiple
Line 1
Line 1
Line 2
on the line for:
on the line for:
only
only
only
Lines
only
Lines
only
only
j
cd
dm
Other Additions
cd
k
500
e
f
dm
Other Subtractions
bb
cd
dm
Other Additions
m
cd
dm
cc
502
l
Other Subtractions
Other Additions
504
No code required
Other Subtractions
No code required
j
bb
cd
dm
Other Additions
k
cd
dm
cc
505
Other Subtractions
Total Addition
Total Subtraction
500X
No code required
No code required
Modifications
Modifications
Additions
502X
Subtractions from
No code required
No code required
To Income
Income
505X
Additions
Subtractions from
No code required
No code required
To Income
Income
COM/RAD-24 11-49
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial