2/13/2023 0 Comments 2016 1065 tax extensionWe cannot accept letters sent in lieu of filing.Īll financial institutions formerly subject to the financial institution franchise tax are subject to corporation income tax and have special apportionment rules. 86-272) prescribes the extent of business activity required before states may impose income taxes.Ī Multi-state corporation that operates in Maryland but is not subject to the Maryland income tax is not required to file, although a return reflecting an apportionment factor of zero may be filed for record purposes. 86-272) of the Interstate Commerce Act (P.L. Talk to your software provider about electronic filing options.Įvery other corporation that is subject to Maryland income tax law and has income or losses attributable to sources within Maryland must also file Form 500.Ĭorporations operating in Maryland and in one or more other states are subject to Maryland income tax if their Maryland activity exceeds the provisions for federal protection from state taxation. Every Maryland corporation must file a corporation income tax return, using Form 500, even if the corporation has no taxable income or is inactive.Ĭorporation income tax returns can be filed electronically, using approved software.
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