Form 510c - Maryland Composite Pass-Through Entity Income Tax Return - 2012 Page 3
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MARYLAND COMPOSITE
2012
510C
PASS-THROUGH ENTITY INCOME
TAX RETURN INSTRUCTIONS
GENERAL INSTRUCTIONS
notify the pass-through entity of any balance due.
Pass-through entities (PTEs) may use Form 510C to file a composite
Line 16 Total Balance Due. Add the amounts on lines 13 and 15 and
income tax return on behalf of eligible nonresident individual members.
enter the result, or if the amount on line 15 exceeds line 14,
Nonresident members other than individuals may not participate
enter the difference. The total amount due must be paid with
in the composite return. The Maryland tax of each nonresident
the filing of Form 510C.
individual member is calculated using the rate of 5.75% plus the 1.25%.
Schedule A Instructions. Complete the following for each eligible
SPECIFIC INSTRUCTIONS
nonresident individual member who has elected to be included on this
composite return.
Who may use this form. Nonresident individual members of a
PTE doing business in the State who meet the composite return
Column A Member’s full name and Social Security number.
requirements contained in Administrative Release 6 and elect to be
Column B Member’s number of exemption allowance.
included in a composite return may not be required to file Maryland
nonresident returns individually. Instead, the PTE doing business in
Column C Member’s exemption amount. See instruction for Form
the State may file a composite return on behalf of such nonresident
510C, line 4.
individual members if:
Column D Member’s standard deduction. See instruction for Form
1. Form 510C accurately reflects the Maryland taxable income and
510C, line 5.
tax liability of each individual member shown on the return, AND
Column E Member’s share of decoupling modification flow-through
2. Form 510C Schedule A is attached containing all required
from the PTE. See instruction for Form 510C, line 7.
information for each individual member, AND
Column F Member's pro rata share of income allocable to Maryland;
3. The PTE pays the tax, interest and penalty due by each individual
this is generally the member's portion of what is reported
member shown on the return.
on line 4 of Form 510.
Any overpaid amount will be refunded to the PTE. For more
Column G Member’s pro rata share of the nonresident withholding
information, Administrative Release 6 may be obtained from our Web
tax paid; it is the member’s portion of what is reported on
site at
line 16d and line 17 of Form 510.
Line 2
Enter the number of eligible nonresident individual members
Direct Deposit of Refund. In order to comply with banking rules,
who have elected to be included on this composite return.
we ask you to indicate on your return if the state refund is going to an
Fiduciaries are not eligible and cannot be included.
account outside the United States. If you indicate that this is the case,
do not enter your routing and account numbers, as the direct deposit
Line 4
Enter the total exemption amount reported on Column C,
option is not available to you. We will send you a paper check. Complete
Form 510C Schedule A. The exemption amount allowed for
lines 18a, b and c of Form 510C if you want us to deposit your refund
each nonresident individual member must be determined
directly into your account at a bank or other financial institution (such
separately based on the individual member’s filing status.
as a mutual fund, brokerage firm or credit union) in the United States.
Generally, a nonresident is allowed the same number
Signature Verification. An authorized general partner, officer or
of exemptions that the nonresident is permitted on the
member of the PTE must sign and date Form 510C and enter his or
federal return; however, the exemption amount is different,
her title. If a preparer is used, the preparer must also sign the return
and is further prorated by the nonresident’s Maryland
and enter the firm’s name, address and Preparer’s Tax Identification
income factor. See Instruction 10 of Form 505, Maryland
Number (PTIN). Penalties may be imposed for tax preparers who fail
Nonresident Income Tax Return to determine the exemption
to sign the tax return and provide their Preparer’s Tax Identification
amount before multiplying it by the Maryland income factor,
Number.
which is the nonresident’s Maryland adjusted gross income
(generally from Form 510C, Schedule A, Column F) divided
Attachments and Mailing Instruction. Mail the completed return
by the nonresident’s federal adjusted gross income (FAGI). If
and all required attachments to Comptroller of Maryland, Revenue
it is impracticable to determine all of the separate Maryland
Administration Division, 110 Carroll Street, Annapolis, MD
income factors, then the factor must be determined by using
21411-0001. Must attach with Form 510C: (1) Form 510C Schedule A,
line 6 of Form 510 as the numerator (excluding the portion
(2) the PTE’s Form 510 Schedule B, Part I for individual members; and
applicable to nonresident fiduciary members) and line 2 of
(3) the members’ Form 510 Schedule K-1 issued by the PTE.
Form 510 as the denominator (See Administrative Release
Extension of time to File. Use Form 502E to file an extension and
6).
make payment. See Administrative Release 4.
Line 5
Enter the total standard deduction amount reported on
Amended Returns. If filing an amended return, check the Amended
Column D, Form 510C, Schedule A. The standard deduction
Return box on page 1 of Form 510C.
amount allowed for each nonresident individual member
must be determined separately based on the individual
Privacy Act Information. The Tax-General Article of the Annotated
member's Maryland adjusted gross income, and then
Code of Maryland authorizes the Revenue Administration Division to
prorated by the nonresident’s Maryland income factor. See
request information on tax returns to administer the income tax laws of
Instruction 15 of Form 505, Maryland Nonresident Income
Maryland, including determination and collection of correct taxes. Code
Tax Return for determining the standard deduction amount.
Section 10-804 provides that you must include your Social Security
See the instruction for line 4 for the nonresident individual
number on the return you file. This is so we know who you are and can
member’s Maryland income factor.
process your return and papers. If you fail to provide all or part of the
requested information, then applicable exemptions, credits, deductions
Line 7
Enter the total PTE flow-through decoupling modification
or adjustments may be disallowed and you may owe more tax. In
amount reported on Column E, Form 510C.
No flow-
addition, the law provides penalties for failing to supply information
through addition or subtraction modifications, other than the
required by law or regulations. You may look at any records held by
modification required as a result of Maryland’s decoupling
the Revenue Administration Division which contain personal information
from the additional depreciation allowance and special 5-year
about you. You may inspect such records, and you have certain rights to
net operating loss carryback provisions may be claimed on a
amend or correct them. As authorized by law, information furnished to
composite return. See Administrative Release No. 38.
the Revenue Administration Division may be given to the United States
Line 15 If there is a balance due on line 13, interest may be due
Internal Revenue Service, a proper official of any state that exchanges
as result of late filing of Form 510C and payment of tax.
tax information with Maryland and to an officer of this State having a
Interest is due at the rate of 13% annually or 1.08% per
right to the information in that officer’s official capacity. The information
month for any month or part of a month that a tax is paid
may be obtained in accordance with a proper legislative or judicial order.
after the original due date of the return. The Maryland
Revenue Administration Division will calculate the interest
and penalty for failure to pay the required amount of tax and
COM/RAD 071
12-49
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