Form 500d - Maryland Corporation Declaration Of Estimated Income Tax - 2011 Page 2
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2MARYLAND
Page 2
INSTRUCTIONS
CORPORATION
FOR FORM 500D
2011
DECLARATION OF ESTIMATED INCOME TAX
Purpose of Form Form 500D is used by a corporation
dates of the tax year in the space provided .
to declare and remit estimated income tax .
The same tax year or period used for the federal return
Corporations expected to be subject to estimated tax
must be used for Form 500D .
requirements should use Form 500D to remit any payment
Name, Address and Other Information Type or print
due .
the required information in the designated area .
NOTE: Do not use this form to remit estimated tax for
Enter the name exactly as specified in the Articles of
Form 510 or to remit employer withholding tax .
Incorporation, or as amended, and continue with any
General Requirements Every corporation that
“Trading As” (T/A) name if applicable .
reasonably expects its Maryland taxable income to
Enter the federal employer identification number (FEIN) . If
develop a tax in excess of $1,000 for the tax year or
the FEIN has not been secured, enter “APPLIED FOR”
period must make estimated income tax payments . The
followed by the date of application . If a FEIN has not
total estimated tax payments for the year must be at least
been applied for, do so immediately .
90% of the tax developed for the current year or 110% of
Payment Instructions Enter the amount of estimated
the tax that was developed for the prior year to avoid
tax paid in the space provided . Include a check or money
interest and/or penalty . At least 25% of the total estimated
order made payable to Comptroller of Maryland . All
tax must be remitted by each of the installment due
payments must indicate the FEIN, type of tax and tax
dates . The annualization method for calculating estimated
year beginning and ending dates . DO NOT SEND CASH .
tax is not permitted for corporations .
You may pay your estimated tax using one of the following
In the case of a short tax period the total estimated tax
methods:
payment required is the same as for a regular tax year:
90% of the tax developed for the current (short) tax year
1) E lectronic Funds Transfer Taxpayers must register
or 110% of the tax that was developed for the prior tax
before using this method . To obtain a registration
year . The minimum estimated tax for each of the
form, visit or call
installment due dates is the total estimated tax required
410-260-7601 . If payment is made by electronic
divided by the number of installment due dates occurring
funds transfer, do not mail Form 500D, retain for
during the short tax year . However, if the corporation has
company’s records .
a short tax period of less than 4 months, it does not have
2) Filing Electronically using Modernized Electronic
to pay estimated tax nor file 500D .
Filing method (software provider must be approved
Maryland law provides for the accrual of interest and
by the IRS and Revenue Administration Division) . If
imposition of penalty for failure to pay any tax when due .
filed electronically, do not mail Form 500D; retain it
with company’s records .
If it is necessary to amend the estimate, recalculate the
amount of estimated tax required using the estimated tax
Taxpayers making payments of $10,000 or more
worksheet provided . Adjust the amount of the next
must use one of these two electronic methods . If you
installment to reflect any previous underpayment or
need to make additional payments for the current tax
overpayment . The remaining installments must be at least
year you may file electronically, or you can go to
25% of the amended estimated tax due for the year .
and download another
Form 500D . We have discontinued the use of
Consolidated returns are not allowed under Maryland
preprinted quarterly estimated tax vouchers .
law . Affiliated corporations that file a consolidated federal
return must file separate Maryland declarations for each
3) M ailing Instructions Mail payment and completed
member corporation .
Form 500D to:
When to File File Form 500D on or before the 15th day
Comptroller of Maryland
of the 4th, 6th, 9th and 12th months following the
Revenue Administration Division
beginning of the tax year or period . In addition to payments
Annapolis, MD 21411-0001
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
COM/RAD-002
10-50
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