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Maryland Free Printable Tax Year 2019 - Corporation Income Tax Return for 2020 Maryland Maryland Corporation Income Tax Return

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Maryland Corporation Income Tax Return
Tax Year 2019 - Corporation Income Tax Return

CORPORATION INCOME TAX RETURN MARYLAND FORM ■ 500 195000049 OR FISCAL YEAR BEGINNING Print Using Blue or Black Ink Only Illllll 111111111111111 11111 11111 11111 111111111111111111 2019 $ 2019, ENDING ► Federal Employer Identification Number (9 digits) FEIN Applied for Date (MMDDYY) ► Date of Organization or Incorporation (MMDDYY) ► Business Activity Code No. (6 digits) Name Current Mailing Address Line 1 (Street No. and Street Name or PO Box) Current Mailing Address Line 2 (Apt No., Suite No., Floor No.) --1.--. STAPLE CHECK HERE Do not write in this space. City or town State ZIP Code +4 ME YE CHECK HERE IF: Name or address has changed Inactive corporation First filing of the corporation Final Return This tax year's beginning and ending dates are different from last year's due to an acquisition or consolidation. ► D D D D D SEE CORPORATION INSTRUCTIONS. ATTACH A COPY OF THE FEDERAL INCOME TAX RETURN THROUGH SCHEDULE M2. 1a. Federal Taxable Income (Enter amount from Federal Form 1120 line 28 or Form 1120-C line 25c.) See Instructions. Check applicable box: 1120 1120-REIT 990T Other: IF 1120S, FILE ON FORM 510 . . . . . . . . . . . . . . . . 1a. . 1b. Special Deductions (Federal Form 1120 line 29b or Form 1120-C line 26b.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1b. . 1c. Federal Taxable Income before net operating loss deduction (Subtract line 1b from 1a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 1c. - - - - - - -. MARYLAND ADJUSTMENTS TO FEDERAL TAXABLE INCOME (All entries must be positive amounts.) ADDITION ADUSTMENTS 2a. Section 10-306.1 related party transactions . . . . . . . . . . . . . . . . . . . . . . . ► 2a. . 2b. Decoupling Modification Addition adjustment (Enter code letter(s) from instructions.) . . . . . . . . . . . . ----► 2b. . D D D D 2c. Total Maryland Addition Adjustments to Federal Taxable Income (Add lines 2a and 2b) . . . . . . . 2c. SUBTRACTION ADJUSTMENTS 3a. Section 10-306.1 related party transactions . . . . . . . . . . . . . . . . . . . . . . . ► 3a. 3b. Dividends for domestic corporation claiming foreign tax credits (Federal form 1120/1120C Schedule C line 18) . . . . . . . . . . . . . . . . . . . . . ► 3b. 3c. Dividends from related foreign corporations (Federal form 1120/1120C Schedule C line 14, 16b and 16c) . . . . . . . . . . . ► 3c. 3d. Decoupling Modification Subtraction adjustment (Enter code letter(s) from instructions.) . . . . . . . . . . . . 3d. --------~---=-► . - -. - -. - -. 3e. 4. ■ - -. Total Maryland Subtraction Adjustments to Federal Taxable Income (Add lines 3a through 3d.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3e. Maryland Adjusted Federal Taxable Income before NOL deduction is applied (Add lines 1c and 2c, and subtract line 3e.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. COM/RAD-001 . . ■ ■ MARYLAND FORM 500 NAME CORPORATION INCOME TAX RETURN 2019 I llllll 111111111111111 11111 11111 111111111111111 IIII IIII page 2 195000149 FEIN 5. Enter Adjusted Federal NOL Carry-forward available from previous tax years (including FDSC Carry-forward) on a separate company basis (Enter NOL as a positive amount.) . . . . ► 5. 6. Maryland Adjusted Federal Taxable Income (If line 4 is less than or equal to zero, enter amount from line 4.) (If line 4 is greater than zero, subtract line 5 from line 4 and enter result. If result is less than zero, enter zero.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. MARYLAND ADDITION MODIFICATIONS (All entries must be positive amounts.) 7a. State and local income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 7a. . 7b. Dividends and interest from another state, local or federal tax exempt obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 7b. . 7c. Net operating loss modification recapture (Do not enter NOL carryover. See instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 7c. . 7d. Domestic Production Activities Deduction . . . . . . . . . . . . . . . . . . . . . . . . . ► 7d. - -. 7e. Deduction for Dividends paid by captive REIT . . . . . . . . . . . . . . . . . . . . . . ► 7e. - -. 7f. Other additions (Enter code letter(s) from instructions and attach schedule) . . . . . . . . . . . . . . . . ► 7f. 7g. Total Addition Modifications (Add lines 7a through 7f.) . . . . . . . . . . . . . . . . . . . . . . . . . 7g. MARYLAND SUBTRACTION MODIFICATIONS (All entries must be positive amounts.) 8a. Income from US Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 8a. . 8b. Other subtractions (Enter code letter(s) from instructions and attach schedule) . . . . . . . . . . . . . . . ► 8b. . 8c. Total Subtraction Modifications (Add lines 8a and 8b.) . . . . . . . . . . . . . . . . . . . . . . . . . . 8c. . . --- ____ - - NET MARYLAND MODIFICATIONS 9. Total Maryland Modifications (Subtract line 8c from 7g. If less than zero, enter negative amount.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. 10. Maryland Modified Income (Add lines 6 and 9.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. APPORTIONMENT OF INCOME (To be completed by multistate corporations whose apportionment factor is less than 1, otherwise skip to line 13.) 11. Maryland apportionment factor (from page 4 of this form) (If factor is zero, enter .000001.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 11. . 12. Maryland apportionment income (Multiply line 10 by line 11.) . . . . . . . . . . . . . . . . . . . . 12. . . . . .- 13. Maryland taxable income (from line 10 or line 12, whichever is applicable.) . . . . . . . . . . . 13. . 14. Tax (Multiply line 13 by 8.25%.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. . 15a. Estimated tax paid with Form 500D, Form MW506NRS and/or credited from 2018 overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 15a. . 15b. Tax paid with an extension request (Form 500E) . . . . . . . . . . . . . . . . . . . ► 15b. . -------==--=--15c. Nonrefundable business income tax credits from Part AAA. (See instructions for Form 500CR.) You must file this form electronically to claim business tax credits from Form 500CR. 15d. Refundable business income tax credits from Part DDD. (See instructions for Form 500CR.) 15e. The Heritage Structure Rehabilitation Tax Credit is claimed on line 1 of Part DDD on Form 500CR. Check here if you are a non-profit corporation. 15f. Nonresident tax paid on behalf of the corporation by pass-through entities (Attach Maryland Schedule K-1.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 15f. - -. 15g. Total payments and credits (Add lines 15a through 15f.) . . . . . . . . . . . . . . . . . . . . . . . . 15g. . 16. Balance of tax due (If line 14 exceeds line 15g, enter the difference.) . . . . . . . . . . . . . . . ► 16. . 17. Overpayment (If line 15g exceeds line 14, enter the difference.) . . . . . . . . . . . . . . . . . . ► 17. . 18. Interest and/or penalty from Form 500UP or late payment interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL . ► 18. . 19. Total balance due (Add lines 16 and 18, or if line 18 exceeds line 17 enter the difference.) 19. . -- □ ■ COM/RAD-001 ■ ■ CORPORATION INCOME TAX RETURN MARYLAND FORM 500 21. I llllll 111111111111111 11111 11111 111111111111111 IIII IIII FEIN Amount of overpayment to be applied to estimated tax for 2020 (not to exceed the net of line 17 less line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 20. Amount of overpayment TO BE REFUNDED (Add lines 18 and 20, and subtract the total from line 17.) . . . . . . . . . . . . . . . . . . . . . . . ► 21. DIRECT DEPOSIT OF REFUND (See Instructions.) Be sure the account information is correct. If this refund will go to an account outside of the United States, then to comply with banking rules, place a "Y" in this box and see Instructions. For the direct deposit option, complete the following information clearly and legibly. 22a. Type of account: ► □ Checking 22b. Routing Number (9-digits): ► 22c. Account number: ► □ COM/RAD-001 . . ►□ Savings - - - - - INFORMATIONAL PURPOSES ONLY (LINES 23 & 24) 23. NOL generated in Current Year - Carryforward 20 years and carry back 2 years (farming loss ONLY). (If line 6 is less than zero, enter on line 23.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23. 24. NAM generated in Current Year - Carried Forward/Back with Loss on Line 23 per Section 10-205(e) (If line 6 is less than zero AND line 9 is greater than zero, enter the amount from line 9 on line 24.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24. ■ page 3 195000249 NAME 20. 2019 . . ■ ■ MARYLAND FORM 500 NAME CORPORATION INCOME TAX RETURN 2019 page 4 I llllll 111111111111111 11111 11111 111111111111111 IIII IIII 195000349 FEIN Schedule A - COMPUTATION OF APPORTIONMENT FACTOR (Applies only to multistate corporations. See instructions.) NOTE: Special apportionment formulas are required for rental/ leasing, financial institutions, transportation and manufacturing companies. Worldwide headquartered companies see instructions. Column 1 TOTALS WITHIN MARYLAND 1A. Receipts a. Gross receipts or sales less returns and allowances . . . . . . . . . . . . . . . . . . . . . ► b. Dividends Column 2 TOTALS WITHIN AND WITHOUT MARYLAND Column 3 DECIMAL FACTOR (Column 1 ÷ Column 2 rounded to six places) ► ...................... c. Interest . . . . . . . . . . . . . . . . . . . . . . . . d. Gross rents. . . . . . . . . . . . . . . . . . . . . . e. Gross royalties . . . . . . . . . . . . . . . . . . . f. Capital gain net income . . . . . . . . . . . . . g. Other income (Attach schedule.) . . . . . . . h. Total receipts (Add lines 1A(a) through 1A(g), for Columns 1 and 2.). . . . . . . . . ► 1B. Receipts Multiply factor on line 1A, Column 3 by 3. Disregard this line if special apportionment formula is used. . . . . . . . . . . . . . . . . . . . . 2. Property ► ~\\\\\ \\\\\\\ - . ◄ - . a. Inventory . . . . . . . . . . . . . . . . . . . . . . . b. Machinery and equipment . . . . . . . . . . . c. Buildings . . . . . . . . . . . . . . . . . . . . . . . d. Land . . . . . . . . . . . . . . . . . . . . . . . . . . e. Other tangible assets (Attach schedule.) . f. Rent expense capitalized (multiply by eight) . . . . . . . . . . . . . . . . . g. Total property (Add lines 2a through 2f, for Columns 1 and 2) . . . . . . . . . . . . . . ► 3. Payroll ► - . ◄ ► - . ◄ a. Compensation of officers . . . . . . . . . . . . b. Other salaries and wages . . . . . . . . . . . . c. Total payroll (Add lines 3a and 3b, for Columns 1 and 2.) . . . . . . . . . . . . . . . . ► 4. Total of factors (Add entries in Column 3.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Maryland apportionment factor Divide line 4 by six for three-factor formula, or by the number of factors used if special apportionment formula required. (If factor is zero, enter .000001 on line 11 page 2.) . Check here if special apportionment formula is used. ■ COM/RAD-001 ■ ■ MARYLAND FORM 500 NAME CORPORATION INCOME TAX RETURN 2019 Illllll 111111111111111 11111 11111 111111111111111 IIII IIII page 5 195000449 FEIN SCHEDULE B - ADDITIONAL INFORMATION REQUIRED (Attach a separate schedule if more space is necessary.) 1. Telephone number of corporation tax department: 2. Address of principal place of business in Maryland (if other than indicated on page 1): 3. 4. 5. 6. 7. 8. Brief description of operations in Maryland: Has the Internal Revenue Service made adjustments (for a tax year in which a Maryland return was required) that were not previously reported to the Maryland Revenue Administration Division? . . . . If "yes", indicate tax year(s) here: and submit an amended return(s) together with a copy adjustment report(s) under separate cover. Did the corporation file employer withholding tax returns/forms with the Maryland Revenue Administration Division for the last calendar year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Is this entity part of the federal consolidated filing?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If a multistate operation, provide the following: Is this entity a multistate corporation that is a member of a unitary group? . . . . . . . . . . . . . . . . . . . Is this entity a multistate manufacturer with more than 25 employees?. . . . . . . . . . . . . . . . . . . . . . □ □ Yes of the IRS No ►B Yes Yes No No B ►□ Yes Yes □□ ►□ No No SIGNATURE AND VERIFICATION Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements and to the best of my knowledge and belief it is true, correct and complete. If prepared by a person other than taxpayer, the declaration is based on all information of which the preparer has any knowledge. Check here □ if you authorize your preparer to discuss this return with us. Officer's Signature Officer's Name and Title Date Preparer's Signature (Required by Law) Preparer's name/or Firm's name, address and telephone number ► - Preparer’s PTIN (Required by law) ►- - - CODE NUMBERS (3 digits per line) INCLUDE ALL REQUIRED PAGES OF FORM 500 Make checks payable to and mail to: Comptroller Of Maryland Revenue Administration Division 110 Carroll Street Annapolis, Maryland 21411-0001 (Write Your FEIN On Check Using Blue Or Black Ink.) ■ COM/RAD-001 ■
Extracted from PDF file 2019-maryland-form-500.pdf, last modified September 2015

More about the Maryland Form 500 Corporate Income Tax Tax Return TY 2019

We last updated the Maryland Corporation Income Tax Return in February 2020, so this is the latest version of Form 500, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 500 directly from TaxFormFinder. You can print other Maryland tax forms here.

Related Maryland Corporate Income Tax Forms:

TaxFormFinder has an additional 41 Maryland income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Maryland Form 500.

Form Code Form Name
500CR-Instructions Business Income Tax Credits
Form 500E Application for an Extension to File Corporation Income Tax Return
Form 500DM Decoupling Modification
Form 500D Declaration of Estimated Corporation Income Tax
Form 500X Amended Corporation Income Tax Return
Form 500MC Report of Maryland Multistate Manufacturing Corporation
Form 500UP Underpayment of Estimated Income Tax by Corporation

Download all MD tax forms View all 42 Maryland Income Tax Forms


Form Sources:

Maryland usually releases forms for the current tax year between January and April. We last updated Maryland Form 500 from the Comptroller of Maryland in February 2020.

Show Sources >

Form 500 is a Maryland Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Maryland Form 500

We have a total of nine past-year versions of Form 500 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 500

Tax Year 2019 - Corporation Income Tax Return

2018 Form 500

TY-2018-500.pdf

2017 Form 500

TY-2017-500.pdf


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