may require reallocation depending on the
we have completed processing your Form
result of the amendment. We will notify
you of the net balance due or refund when
NOTE: If all or part of the overpayment on your original return was credited to an estimated tax account for next year, we cannot
reduce or remove this credit without specific authorization from you. If you have a balance due, and wish to apply monies credited
to a 2013 estimated tax account, please attach written authorization for the amount to be removed. Interest charges are assessed
even if the balance due is removed from the 2013 account.
INTEREST ON TAX DUE AND INTEREST FOR UNDERPAYMENT OF ESTIMATED TAX. Interest must be computed
and paid on any balance of tax due. Interest is due from the date the return was originally due to be filed until
the date the tax is paid. The annual interest rate has been 13% since January 1, 1993.
UNDERPAYMENT OF ESTIMATED TAX
any office of the Revenue Administration
underpayment of estimated tax with your
Division. Complete and attach it to your
original return, please recalculate the
If you do not meet the requirement for
amended return. Enter any interest due on
interest based on your amended tax
avoidance of interest for underpayment of
line 27 of Form 505X.
return, and attach a copy of a revised
estimated tax, obtain Form 502UP online
Form 502UP showing your recalculation.
at or from
If you calculated and paid interest on
SIGNATURE, ATTACHMENTS AND PAYMENT INSTRUCTIONS. Sign and date your return on page 2 and attach all
required forms, schedules and statements.
penalties of perjury. Penalties may be
imposed for tax preparers who fail to sign
You must sign your return. Both husband
Mail your return to:
the tax return and provide their preparers
and wife must sign a joint return. Your
Comptroller of Maryland
tax identification number.
signature(s) signify that your return,
Revenue Administration Division
in cluding all attachments, is, to the best of
Amended Return Unit
your knowledge and belief, true, correct
110 Carroll Street
Be sure to attach wage and tax statements
and complete, under the penalties of
Annapolis, Maryland 21411-0001
(Forms W-2, 1099 and K-1) to the front of
your return if you are claiming additional
Maryland withholding. Be sure to attach all
Make your check or money order pay able
forms, sched ules and statements required
If another person prepared your return,
to “Comptroller of Maryland.” Write the
by these in structions. Do not attach
that person must also sign the return and
type of tax and year of tax being paid on
worksheets. Enclose your check or money
enter their preparer’s tax identification
your check. It is recommended that you
order, if required.
number (PTIN). The preparer declares
include your Social Security number on
that the return is based on all information
required to be reported of which the
DO NOT SEND CASH.
NET OPERATING LOSS (NOL). To claim a deduction for a federal NOL on the Maryland return, you must first
calculate the NOL for federal purposes. A deduction will be allowed on the Maryland return for the amount of
the loss actually utilized on the federal return. The amount of loss utilized for federal purposes is generally
equal to the federal taxable income (before loss is used) or the federal modified taxable income as calculated
for the year of carryback or carryforward.
An addition or subtraction modification
acquired or liquidated business entity’s
may be required in a carryback or
NOL as a deduction to offset Maryland
carryforward year when the federal NOL,
income, if the acquired or liquidated
Administrative Release 18.
or the year to which the NOL is carried,
business entity was not subject to Maryland
If an election to forgo a carryback is made,
income tax law when its NOL was
a copy of the federal election for the loss
provisions of the Internal Revenue Code
generated. An NOL being carried forward
year must be attached with the Maryland
from which the State of Maryland has
from tax years beginning before October
22, 2007 can be used until exhausted.
You must attach copies of federal
An addition to income may be required in
Form 1045 or 1040X, whichever was
carryback provisions. For more information,
a carryback or carryforward year if the
used for federal purposes, and a copy
refer to Administrative Release 38.
total Maryland additions to income exceeds
of the federal income tax return for
An NOL generated when an individual or a
the total Maryland subtractions from
the year of the loss. Also include
business entity is not subject to Maryland
income in the loss year. The required
Schedules A and B of Form 1045 or
income tax law, in a tax year beginning on
addition to income represents a recapture
the equivalent worksheets used to
or after October 22, 2007, cannot be used
of the excess additions over subtractions.
develop the federal NOL and show the
as a deduction to offset Maryland income.
amounts utilized on the federal return
For acquisitions or liquidations occurring
generally equal to the lesser of the NOL
in the carryback or carry forward
on or after October 22, 2007, the acquiring
deduction in the carryback year or the net
years. Check the appropriate box on
addition modification (NAM) in the loss
the front of Form 505X located directly
Maryland income tax law cannot use the
year unless the loss year includes a
below the name and address.
INCOME TAX ASSISTANCE. If you need additional information contact the Maryland Revenue Administration
Division at 410-260-7980 from Central Maryland or 1-800-MDTAXES (1-800-638-2937) from elsewhere.
REMINDER: Attach a revised Form 505NR to your 2012 Amended Nonresident Return.