Form 500d - Maryland Corporation Declaration Of Estimated Income Tax - 2013 Page 2
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1
2MARYLAND CORPORATION
FORM
2013
500D
DECLARATION OF ESTIMATED
INCOME TAX INSTRUCTIONS
Purpose of Form Form 500D is used by a corporation to
Enter the federal employer identification number (FEIN) . If
the FEIN has not been secured, enter “APPLIED FOR”
declare and remit estimated income tax .
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
developed for the prior year to avoid interest and/or
form, visit or call 410-260-
penalty . At least 25% of the total estimated tax must be
7980 . If payment is made by electronic funds transfer,
remit ted by each of the installment due dates . The
do not 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
In the case of a short tax period the total estimated tax
the IRS and Revenue Administration Division) . If filed
payment required is the same as for a regular tax year: 90%
electronically, do not mail Form 500D; retain it with
of the tax developed for the current (short) tax year or
company’s records .
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
dates is the total estimated tax required divided by the
to make additional payments for the current tax year
number of installment due dates occurring during the short
you may file electronically, or you can go to 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
12-49
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