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Maryland Free Printable Tax Year 2019 Form 510C Composite Pass-through Entity Income Tax Return for 2020 Maryland Maryland Composite Pass-Through Entity Income Tax

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Maryland Composite Pass-Through Entity Income Tax
Tax Year 2019 Form 510C Composite Pass-through Entity Income Tax Return

MARYLAND FORM ■ 510C 2019 COMPOSITE PASSTHROUGH ENTITY INCOME TAX RETURN OR FISCAL YEAR BEGINNING I llllll lllll lllll 111111111111111 11111 111111111111111111 $ 1951(0049 2019, ENDING Print Using Blue or Black Ink Only ► Federal Employer Identification Number (9 digits) ► Date of Organization or Incorporation (MMDDYY) FEIN Applied for Date 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.) Do not write in this space. City or town State ZIP Code +4 ME Amended Return YE STAPLE CHECK HERE NOTE: YOU MUST COMPLETE MARYLAND FORM 510 BEFORE YOU BEGIN THIS RETURN. SEE ADMINISTRATIVE RELEASE 6. 1. Enter the total number of nonresident individual members of PTE listed on Form 510, line 1b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 1. 2. Enter the number of eligible nonresident individual members who have elected to be included in this composite filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 2. 3. Enter the total distributive or pro rata share of income for nonresident individuals included on line 2 of this form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 3. .4. Enter total exemption amount from Form 510C Schedule A, Column C . . . . . . . . . . . . ► 4. .5. Enter total standard deduction from Form 510C Schedule A, Column D. . . . . . . . . . . . ► 5. .6. Allowable exemption and deductions. (Add lines 4 and 5.). . . . . . . . . . . . . . . . . . . . . 6. .7. Enter the total flow-through decoupling modifications from Form 510C Schedule A, Column E. If negative, enter negative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 7. .8. Enter total income allocable to MD from Form 510C Schedule A, Column F . . . . . . . . . ► 8. .9. Add lines 7 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. .10. MD taxable income. Subtract line 6 from line 9. (If less than zero, enter zero.) . . . . . . 10. .11. MD tax. (Multiply line 10 by 7.5%.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. .12a. Enter total PTE nonresident tax from Form 510C Schedule A, Column G . . . . . . . . . . . ► 12a. .12b. Enter payment made with extension request . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 12b. .12c. Total payments (Add line 12a and 12b.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12c. .13. Balance Due. If line 11 is greater than 12c, subtract line 12c from line 11 and enter here; go to line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 13. . 14. Overpayment. If line 12c is greater than line 11, subtract line 11 from line 12c and enter amount here.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 14. .15. Interest charge for late filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ► 15. .16. Total Balance Due (Add lines 13 and 15 or if line 15 exceeds line 14, enter the difference.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. .17. Overpayment TO BE REFUNDED (Subtract line 15 from line 14.) . . . . . . . . . . . . . . . ► 17. .- ■ COM/RAD-071 ■ ■ MARYLAND FORM 510C NAME COMPOSITE PASSTHROUGH ENTITY INCOME TAX RETURN 2019 Illllll lllll lllll 111111111111111 111111111111111 IIII IIII 1951(0149 page 2 FEIN SIGNATURE AND VERIFICATION Check here if you authorize your preparer to discuss this return with us. 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. □ Name of General Partner/Officer Date Signature of General Partner/Officer Title Printed name of the Preparer/Firm's name Street address of preparer /or Firm's address Signature of preparer (Required by Law) City, State, ZIP Code + 4 ► Preparer’s PTIN (Required by Law) Telephone number of preparer Make checks payable to and mail to: Comptroller Of Maryland Revenue Administration Division 110 Carroll Street Annapolis, Maryland 21411-0001 (Write Your Federal Employer Identification Number On Check Using Blue Or Black Ink.) ■ COM/RAD-071 ►- - - CODE NUMBERS (3 digits per line) ■ MARYLAND FORM ■ 510C SCHEDULE A COMPOSITE PASSTHROUGH ENTITY INCOME TAX RETURN 2019 page 3 Illllll lllll lllll 111111111111111 111111111111111 IIII IIII 1951(0249 ► Federal Employer Identification Number (9 digits) Name Street Address City or town State ZIP code +4 MARYLAND COMPOSITE PASS-THROUGH ENTITY INCOME TAX RETURN PASS THROUGH ENTITY MEMBER INFORMATION FOR COMPOSITE FILERS A B C D E F G Member Name/ Number of Exemption Standard PTE Decoupling Income Allocable Distributive or Pro Social Security Exemptions Amount Deduction Modifications to Maryland Rata Share of Tax Amount Number Paid SUBTOTAL of members from additional Form 510C Schedule A TOTALS ■ COM/RAD-071 ■ MARYLAND FORM 510C 2019 COMPOSITE PASS-THROUGH ENTITY INCOME TAX RETURN INSTRUCTIONS GENERAL INSTRUCTIONS Line 16 Pass-through entities (PTEs) may use Form 510C to file a composite income tax return on behalf of eligible nonresident individual members. Nonresident members other than individuals may not participate in the composite return. The Maryland tax of each nonresident individual member is calculated using the rate of 5.75% plus the special nonresident tax of 1.75%. Schedule A Instructions. Complete the following for each eligible nonresident individual member who has elected to be included on this composite return. Note: A single member entity cannot file a composite return. Column A Member’s full name and Social Security Number. SPECIFIC INSTRUCTIONS Column B Member’s number of exemption allowance. Who may use this form. Nonresident individual members of a PTE doing business in the State who meet the composite return requirements contained in Administrative Release 6 and elect to be included in a composite return may not be required to file Maryland nonresident returns individually. Instead, the PTE doing business in the State may file a composite return on behalf of such nonresident individual members if: Column C Member’s exemption amount. See instruction for Form 510C, line 4. Column D Member’s standard deduction. See instruction for Form 510C, line 5. Column E 1. Form 510C accurately reflects the Maryland taxable income and tax liability of each individual member shown on the return; Member’s share of decoupling modification flow-through from the PTE. See instruction for Form 510C, line 7. Column F Member's pro rata share of income allocable to Maryland. This is generally the member's portion of what is reported on line 4 of Form 510. If amount is less than 0, enter 0. A PTE filing a composite return is not permitted to offset one member's income allocable to Maryland by a loss from another member. Any overpaid amount will be refunded to the PTE. For more information, Administrative Release 6 may be obtained from our website at www.marylandtaxes.gov. Column G Member’s pro rata share of the nonresident withholding tax paid. This is the member’s portion of what is reported on line 16d and line 17 of Form 510. Line 2 Enter the number of eligible nonresident individual members who have elected to be included on this composite return. Fiduciaries are not eligible and cannot be included. Line 4 Enter the total exemption amount reported on Column C, Form 510C Schedule A. The exemption amount allowed for each nonresident individual member must be determined separately based on the individual member’s filing status. Signature Verification. An authorized general partner, officer or member of the PTE must sign and date Form 510C and enter his or her title. If a preparer is used, the preparer also must print name, sign the return and enter the firm’s name, address and Preparer’s Tax Identification Number (PTIN). Penalties may be imposed for tax preparers who fail to sign the tax return and provide their Preparer’s Tax Identification Number. 2. Form 510C Schedule A is attached containing all required information for each individual member; and, 3. The PTE pays the tax, interest and penalty due by each individual member shown on the return. Generally, you are entitled to claim qualified exemptions on the Maryland return. The amount of your Maryland exemption may be limited by the amount of your federal adjusted gross income. See Instruction 10 of Form 505, Maryland Nonresident Income Tax Return to determine the exemption amount before multiplying it by the Maryland income factor, which is the nonresident’s Maryland adjusted gross income (generally from Form 510C, Schedule A, Column F) divided by the nonresident’s federal adjusted gross income (FAGI). If it is impracticable to determine all of the separate Maryland income factors, then the factor must be determined by using line 6 of Form 510 as the numerator (excluding the portion applicable to nonresident fiduciary members) and line 2 of Form 510 as the denominator (See Administrative Release 6). Line 5 Enter the total standard deduction amount reported on Column D, Form 510C, Schedule A. The standard deduction amount allowed for each nonresident individual member must be determined separately based on the individual member's Maryland adjusted gross income, and then prorated by the nonresident’s Maryland income factor. See Instruction 15 of Form 505, Maryland Nonresident Income Tax Return for determining the standard deduction amount. See the instruction for line 4 for the nonresident individual member’s Maryland income factor. Line 7 Enter the total PTE flow-through decoupling modification amount reported on Column E, Form 510C. No flowthrough addition or subtraction modifications, other than the modification required as a result of Maryland’s decoupling from the additional depreciation allowance and special 2-year net operating loss carryback provisions may be claimed on a composite return. Line 15 If there is a balance due on line 13, interest may be due as result of late filing of Form 510C and payment of tax. Interest is due at the rate of 10.5% annually or 0.8750% per month for any month or part of a month that a tax is paid after the original due date of the return through 12/31/20. The annual interest rate will change after 12/31/20. For additional information visit www.marylandtaxes.gov. The Maryland Revenue Administration Division will calculate the interest and penalty for failure to pay the required amount of tax and notify the pass-through entity of any balance due. COM/RAD-071 Total Balance Due. Add the amounts on lines 13 and 15 and enter the result, or, if the amount on line 15 exceeds line 14, enter the difference. The total amount due must be paid with the filing of Form 510C. Attachments and Mailing Instruction. Mail the completed return and all required attachments to Comptroller of Maryland, Revenue Administration Division, 110 Carroll Street, Annapolis, MD 214110001. Must attach with Form 510C: (1) Form 510C Schedule A, (2) the PTE’s Form 510 Schedule B, Part I for individual members; and (3) the members’ Maryland Schedule K-1 (510) issued by the PTE. Extension of Time to File. Use Form EL102B to file an extension and make payment. Amended Returns. If filing an amended return, check the Amended Return box on page 1 of Form 510C. Privacy Act Information. The Tax-General Article of the Annotated Code of Maryland authorizes the Comptroller of Maryland to request information on tax returns to administer the income tax laws of Maryland, including determination and collection of correct taxes. Code Section 10-804 provides that you must include your Social Security Number on the return you file. This is so we know who you are and can process your return. If you fail to provide all or part of the requested information, then applicable exemptions, credits, deductions or adjustments may be disallowed and you may owe more tax. In addition, the law provides penalties for failing to supply information required by law or regulations. You may look at any records held by the Comptroller of Maryland which contain personal information about you. You may inspect such records, and you have certain rights to amend or correct them. As authorized by law, information furnished to the Comptroller of Maryland may be given to the United States Internal Revenue Service, a proper official of any state that exchanges tax information with Maryland and to an officer of this State having a right to the information in that officer’s official capacity. The information may be obtained in accordance with a proper legislative or judicial order.
Extracted from PDF file 2019-maryland-form-510c.pdf, last modified October 2015

More about the Maryland Form 510C Corporate Income Tax Tax Return TY 2019

Pass-through entities (PTEs) may use Form 510C to file a composite income tax return on behalf of eligible nonresident individual members. Nonresident members other than individuals may not participate in the composite return. The Maryland tax of each nonresident individual member is calculated using the rate of 5.75% plus the 1.25%. Note: A single member entity cannot file a composite return.

We last updated the Maryland Composite Pass-Through Entity Income Tax in February 2020, so this is the latest version of Form 510C, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 510C directly from TaxFormFinder. You can print other Maryland tax forms here.

Other Maryland Corporate Income Tax Forms:

TaxFormFinder has an additional 41 Maryland income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 500 Maryland Corporation Income Tax Return
Form EL102 Income Tax Payment Voucher for Electronic Filers
Form 510 Pass-Through Entity Tax Return
Form 510D Declaration of Estimated Pass-Through Entity Tax
500CR-Instructions Business Income Tax Credits

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 510C from the Comptroller of Maryland in February 2020.

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Form 510C 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 510C

We have a total of nine past-year versions of Form 510C in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 510C

Tax Year 2019 Form 510C Composite Pass-through Entity Income Tax Return

2018 Form 510C

TY-2018-510C.pdf

2017 Form 510C

TY-2017-510C.pdf


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