Maryland Corporation Income Tax Return

Transcription

1 MDGenC Maryland Corporation Income Tax Return MD MDGenC (0) FEIN applied for date Inactive corporation First filing of corporation (If different from federal) Final return (If different from federal) Current year beginning and ending dates different from last year's Telephone number of tax department (If different from client phone number) 6 Principal place of business: (If different from mailing address) Address 7 City, state, zip code Description of operations in Maryland Tax year(s) adjusted by IRS and not reported to Maryland Did the corporation file employer withholding forms for the last calendar year? ( = Yes, = No) Maryland Revenue Administration Division may discuss return with preparer ( = Yes, = No) (If different from federal) Code number General footnote

2 MDAmendC Maryland Amended Return MD MDAmendC (0) Name and address on original return: (If different from mailing address) Name Address City, state, zip code Foreign country (Electronic filing only) FEIN on original return (If different from current) Filing to claim a net operating loss ( = Carryback, = Carryforward) Original federal return has been changed or corrected by the IRS ( = Yes, = No) A Consent to Extend Time to Assess Tax was filed with the IRS ( = Yes, = No) Reason(s) for filing this amended return: Claim a net operating loss deduction Report a federal adjustment of an RAR (Revenue Agent Report) Claim business tax credits Claim nonresident PTE tax credit Report income omitted on previous filing Change apportionment factor Other Explanation of changes to income, modifications, apportionment and credits Amounts as Previously Reported Transfer original information Federal taxable income Total Maryland addition adjustments Total Maryland subtraction adjustments Adjusted federal NOL carryback / carryforward Total addition modifications Total subtraction modifications Maryland apportionment factor Estimated tax paid and/or credit from prior year Tax paid with extension request Nonrefundable tax credits Refundable tax credits Credit for nonresident tax paid from a pass-through entity Tax paid with original return and after return was filed (Excluding any interest or penalty) Prior overpayment (All refunds previously issued) Amended Amounts Net addition modification recaptured in current year due to NOL carryback Interest and/or penalty charges 6

3 MDEst Maryland Estimates Overpayment Application (C Corp) MD MDEst (0) Application of current year overpayment = Refund 00% of overpayment = Apply 00% of overpayment to next year's estimates; refund excess = Apply to first estimate, refund excess = Apply amount specified below to estimates until exhausted; refund excess 6 = Apply to first and second estimates; refund excess 7 = Apply 00% of overpayment to next year's estimates; no refund = Apply equally to each estimate; refund excess Amount for code # or #8 8 = Apply amount below Estimates Form 00D and 0D - declaration for next year = Use current year liability, if less than $,000 use zero = Use current year liability adjusted by amount below = Use amounts entered below, before overpayment 9 = Use amounts entered below (If applying overpayment, only use code 7 or 8) = Use current year liability even if less than $,000 Amount for code # Amounts for code #,#9 or next year estimates paid: st payment nd payment rd payment th payment Number of estimates desired Amount to round up each estimate Amounts for Code # or #9 9 0 Next Year Estimates Paid

4 MDBank Maryland Direct Deposit and Electronic Funds Withdrawal Account Information MD MDBank (0) Suppress direct deposit of refund: Corporate return Composite return (S Corp) Name of financial institution Routing transit number Account number Type of account ( = Checking, = Savings) Non-US financial institution 6 7

5 MDGenS Maryland Pass-Through Entity Tax Return MD8 MDGenS (0) FEIN applied for date Limited liability company First filing of pass-through entity (If different from federal) Inactive entity Final return (If different from federal) Current year beginning and ending dates different from last year's due to acquisition or consolidation Principal place of business: (If different from mailing address) Address 7 City, state, zip code Foreign country Foreign province or state (Electronic filing only) Location of tax records: (If different from mailing address) Address City, state, zip code 6 Foreign country Foreign province or state (Electronic filing only) 8 Telephone number of tax department (If different from client phone number) 9 Tax year(s) adjusted by IRS and not reported to Maryland Did the pass-through entity file employer withholding forms for the last calendar year? ( = Yes, = No) Maryland Revenue Administration Division may discuss return with preparer ( = Yes, = No) (If different from federal) Code number General footnote

6 MDOthTax Maryland Other Taxes Additional Taxes MD9 MDOthTax (0) LIFO recapture income

7 MDAdj Maryland Adjustments Additions MD0 MDAdj (0) Section related party transactions (C Corp) State and local income tax Dividends and interest from other tax-exempt obligations Net addition modification recapture (C Corp/Force) Deduction for dividends paid by a captive REIT (C Corp) Other additions (C Corp) Other additions (S Corp) Tax preference items (S Corp) Subtractions Section related party transactions (C Corp) Dividends from related foreign corporations (C Corp) Income from US obligations Other subtractions State tax refunds 9 0 Pass-Through Entity Income (S Corp) Non-Maryland income (For multistate pass-through entities using separate accounting) Sale or Exchange of Section 79 Property (S Corp) Calculated Amount Gain (loss) reported separately from federal Schedule K, line 7d Section 79 included in gain (loss) 6 7 Force Distributable Cash Flow Limitation (S Corp) Adjustment to reconcile federal taxable income from accrual method of accounting to the cash method of accounting (If different from federal taxable income) Cash receipts for tax year not includable in gross income Amounts allowable as deductions for depreciation, amortization and depletion (Force) The decrease in the liability reserve as of the end of tax year Cash expenditures for the tax year not deductible in computing taxable income The increase in the entity's liability reserve as of the end of tax year Nonresident tax previously paid 8 9 0

8 MDDepr Maryland Depreciation Adjustments Adjustments for State Differences MD MDDepr (0) Federal depreciation deducted with bonus depreciation (Force) Federal depreciation deducted without bonus depreciation (Force) Net operating loss deduction: (Due to five year carryback of losses) Net operating loss as filed on federal return (C Corp) Net operating loss without JCWA and JGTRAA provisions (C Corp) Other related changes: Passive losses Others Decoupling modification from pass-through entity 6 7 Gain (loss) on sale of property Adjustments for Disposition of Assets Calculated Amount 8 9 Force Section 79 Adjustments Section 79 carryover from prior year - personal property Section 79 carryover from prior year - qualified real property Business income limitation (Force) 0

9 MD77 Maryland IRC Section 77(a)() Election MD MD77 (0) Calculate Maryland 77(a)() election Date of shareholder termination Income and Modifications Distributive pro rata share allocable to Maryland Non-Maryland municipal interest and dividends Tax preference items Other additions (Includes other additions and state and local income tax) Income from US obligations Work opportunity credit salary expense Other subtractions Net decoupling modification Net decoupling modification from another PTE Gain (loss) on Section 79 property Nonresident tax paid by this PTE Nonresident tax paid by other PTEs on behalf of this entity Credits Enterprise zone Maryland disability employment Job creation Community investment Businesses that create new jobs Qualified vehicle Cybersecurity investment incentive Employer-provided long-term care insurance Security clearance costs Small business first year leasing costs Research and development Commuter Maryland-mined coal Oyster shell recycling Bio-heating oil Cellulosic ethanol technology research and development Wineries and vineyards Endow Maryland Film production equipment Biotechnology investment incentive Clean energy incentive Health enterprise zone hiring Small business research and development Sustainable communities

10 MDPen Maryland Penalties and Interest MD MDPen (0) Date return filed (If different from original due date of return) Prior year tax Suppress penalties on return: Underpayment of estimated tax Late interest

11 MDELF Maryland Electronic Filing MD7 MDELF (0) Suppress Maryland electronic file(s) when filing federal return or extension electronically Suppress return and extension electronic files when only filing estimates electronically Form EL0B has already been signed and returned (Links to Utilities > Electronic Filing Status) Signature date (If different from federal) ERO signature date (If different from return signature date or federal ERO signature date) Electronic funds withdrawal for balance due returns: Requested payment date (Mandatory if using the electronic funds withdrawal method) Amount of tax payment (Force)(If different from balance due) Electronic funds withdrawal for extension: Requested payment date (Mandatory for balance due extensions) Credit card Name control Additional Return Information (S Corp) Applies only to pass-through entities filing both Forms 0 and Calculated Value Force 0 Suppress Form 0 electronic file when filing Form 00 electronically, Form 0 previously filed Suppress Form 00 electronic file when only filing Form 0 electronically Form EL0B for Form 00 has already been signed and returned (Links to Utilities > Electronic Filing Status) Method of payment for balance due on Form 00 = Form EL0B payment voucher = Credit card = Electronic funds withdrawal = Electronic funds transfer Requested payment date (Mandatory if using the electronic funds withdrawal method) 6 Estimate Information Suppress estimate electronic file(s) Electronic funds withdrawal for estimated payments: st payment nd payment rd payment th payment Create Electronic File Withdrawal Date (If different from due date)

12 MDPmt Maryland Payments and Extension Payments MD8 MDPmt (0) Prior year overpayment (C Corp) Total, or Treat calculated amounts as paid Specific payments if unequal or not timely: st payment nd payment rd payment th payment th payment Paid with extension (For page of the return) Estimated tax paid with Form MW06NRS Credit for nonresident tax paid from a pass-through entity Extension Date Paid Amount Paid Calculated Amount Extended due date (For filing instructions, penalties and interest calculations) Tax liability (Force) Balance due on extension (Force) Additional Payments (S Corp) Applies only to pass-through entities subject to federal corporation income tax and that are required to file Form 00 Prior year overpayment Estimated tax paid (Include amount paid with Form MW06NRS) Paid with extension Amount of overpayment applied to next year's return 6 7

13 MDCr Maryland Business Credits MD9 MDCr (0) Excess credit carryover from 0 (C Corp) Amount of credits expiring at the end of the 0 (C Corp) Business Tax Credits Enterprise zone tax credit: Economically disadvantaged employees qualified in: Other employees qualified in 0 Business is located in a focus area Business located in a RISE zone Number of Employees Wages Paid Health Enterprise Zone Hiring Tax Credit: Qualified employees hired in: 0 0 Refund recapture Maryland disability employment tax credit: Disabled employees qualified in: 0 (Limited to 0% of first $9,000 of wages paid to each employee) 0 (Limited to 0% of first $9,000 of wages paid to each employee) Child care and transportation expenses paid by by employer in: 0 0 Job creation tax credit: Newly-created qualified positions filled in 0 Newly-created qualified positions in a revitalization area filled in 0 Remaining 0% of credits from tax year 0 Amount of recapture Number of Employees Number of Employees Number of Employees Credit Expenses Paid Wages Paid Community investment tax credit - contributions made to approved organization Businesses that create new jobs tax credit: Certified amount of property tax credit Certified amount of enhanced property tax credit Amount of recapture Qualified vehicle tax credit (Limited to $00 per vehicle) Cybersecurity investment incentive tax credit: Approved investment Recapture amount 6 7

14 MDCr Maryland Business Credits, Page Business Tax Credits MD0 MDCr (0) Employer provided long-term care insurance tax credit: Long-term care insurance costs Number of employees Employer security clearance costs tax credit: Construction and equipment costs certified by DBED Security clearance administrative expenses approved by DBED First year leasing costs approved by DBED Research and development tax credits: Business qualifies as a small business Certified basic credit Certified growth credit Biotechnology investment incentive tax credit: Approved investment in qualified company Recapture amount Commuter tax credit: Commuter benefits paid Number of employees receiving benefits Number of months benefits provided to employees Clean energy incentive tax credit: Kilowatt hours of electricity that was: Not co-fired with coal Co-fired with coal Amount stated on initial credit certificate Maryland mined coal credit - tons of Maryland-mined coal purchased in 0 Approved oyster shell recycling tax credit (Limited to $70) Approved bio-heating oil tax credit (Limited to $00) Approved cellulosic ethanol technology research and development credit (Limited to $0,000) Approved wineries and vineyards tax credit Maryland film production employment tax credit Approved donation to qualified permanent endowment fund

15 MDCr Maryland Economic Development Tax Credit Project name MD MDCr (0) Tax year in which the project was put in service Maryland taxable income Share of Maryland taxable income from the project Number of employees filling a qualified position At least qualified positions maintained for at least years ( = Yes, = No) Income tax required to be withheld from wages 6 Total tax liability (C Corp) Tax on project income (C Corp) Total eligible project costs ($00,000 minimum) 7 Total eligible start-up costs 8 Credit is eligible for refund Project cost credits and refunds taken in prior tax years (C Corp) 0 Start-up cost credits and refunds taken in prior tax years (C Corp) All qualified persons except Amounts from other pass-through entity members pass-through entities

16 MDCr Maryland Credits from Pass-Through Entities MD MDCr (0) EIN of entity from which credit(s) are derived Credit derived from additional entities Nonrefundable Credits Enterprise zone tax credit Maryland disability employment tax credit Job creation tax credit Community investment tax credit Businesses that create new jobs tax credit Qualified vehicle tax credit Employer-provided long-term care insurance tax credit Security clearance costs tax credit First year leasing costs tax credit Nonrefundable research and development tax credits Commuter tax credit Maryland-mined coal tax credit Oyster shell recycling tax credit Bio-heating oil tax credit Cellulosic ethanol technology tax credit Wineries and vineyards tax credit Endow Maryland tax credit Refundable Credits Enter pass-through sustainable community credit on Screen 0S Biotechnology investment incentive tax credit Clean energy incentive tax credit Health enterprise zone hiring tax credit Maryland film production activity tax credit Refundable research and development tax credit Cybersecurity investment incentive tax credit

17 MD0S Maryland Sustainable Communities Credit Current Year Credit MD MD0S (0) Historic structure Current year recapture

18 MDKSep Maryland Shareholders' Separately Stated Items Section A MD MDKSep (0) Description Amount

19 MDNOL Maryland Net Operating Loss Modification and Carryover Net Operating Loss Modification and Carryover MD MDNOL (0) Preceding Tax Year Adjusted Federal Taxable Income (Loss) Net Addition Modification (Foreign Dividend Subtraction) (Modification Recaptured) Foreign Dividend Subtr Utilized 997 Prior Year (Income Offset) NOL Utilized Net operating loss footnote

20 MDAmendS Explanation of changes Maryland Amended Return Amounts as Previously Reported MD6 MDAmendS (0) Transfer original information Tax paid with (or after) original return Amended Amounts Interest and/or penalty from Form 00UP Late payment interest

21 MDCAmend Explanation of changes Maryland Amended Composite Return Amounts as Previously Reported MD7 MDCAmend (0) Transfer original information Tax paid with (or after) original return Overpayment on original return Amended Amounts Interest charge for late filing

22 MDELK EIN Name of entity Maryland Electronic Filing MD K- All fields are used for electronic filing of Form 00 and 0 ONLY Enter amount of credit for nonresident tax paid from a pass-through entity in Screen Pmt Enter amount of credits from a pass-through entity in Screen Cr MD8 MDELK (0) Entity address City, state, zip code Foreign country Pass-through entity fiscal year begin date (Enter date only if not January, 0) Pass-through entity fiscal year end date (Enter date only if not December, 0) Member resident indicator: Yes No Member distributive or pro rata share percentage (xxx.xxxxxx) Additional information from Section F Income Distributive or pro rata share of income or loss from federal Schedule K- Distributive or pro rata share of income or loss allocable to Maryland (Nonresidents only) 6 7 Adjustments Non-Maryland municipal interest and dividends Tax preference items Net decoupling modification Net decoupling modification from another pass through entity Other additions amount from Part F Income from U.S. obligations Work opportunity credit salary expense Net decoupling modification Net decoupling modification from another pass through entity Other subtraction amounts from Part F Nonresident Tax Nonresident tax paid by this pass through entity Nonresident tax paid by other pass through entity on behalf of this pass through entity 8 9

23 MDELK- Maryland Electronic Filing MD K-, Page MD9 MDELK- (0) Name of entity Nonrefundable Credits Enterprise Zone Maryland Disability Employment Job Creation Community Investment Businesses that Create New Jobs Qualified Vehicle Employer-Provided Long-Term Care Insurance Security Clearance Costs Small Business First-Year Leasing Security Clearance Costs Nonrefundable Research and Development Commuter Maryland-Mined Coal Oyster Shell Recycling Bio-Heating Oil Cellulosic Ethanol Technology Research and Development Wineries and Vineyards Endow Maryland Refundable Credits Cybersecurity Investment Incentive Film Production Activity Biotechnology Investment Incentive Clean Energy Incentive Health Enterprise Zone Hiring Small Business Research and Development Maryland Sustainable Communities 0 6 One Maryland Economic Development Credit Refundable Nonrefundable Total number of qualified employees If less than, has pass-through entity maintained at least qualified employees for at least years: Yes No Tax year in which the project was put into service Member's distributive or pro rata share of: Portion of pass through entity's income attributable to project Non-project taxable income from pass through entity Number of qualified employees multiplied by $0,000 Amount of Maryland income tax required to be withheld from employees reported in the 6 total number of qualified employees Total eligible cumulative project costs (Pass through entity $00,000 minimum, and $,000,000 maximum) 7 Total cumulative eligible start-up costs (Pass through entity $00,000 maximum)