Maryland Declaration of Estimated Pass-Through Entity Tax
Extracted from PDF file 2022-maryland-form-510d.pdf, last modified October 2015Declaration of Estimated Pass-Through Entity Tax
MARYLAND FORM 510D 2022 PASS-THROUGH ENTITY DECLARATION OF ESTIMATED INCOME TAX OR FISCAL YEAR BEGINNING 2022, ENDING Federal Employer Identification Number (9 digits) Name Print Using Blue or Black Ink Only Current Mailing Address Line 1 (Street No. and Street Name or PO Box) Current Mailing Address Line 2 (Apt No., Suite No., Floor No.) City or town State ZIP Code +4 Foreign Country Name For Office Use Only ME Foreign Province/State/County YE EC EC STAPLE CHECK HERE Foreign Postal Code USE THIS FORM TO REMIT ANY ESTIMATED PAYMENT DUE AT THIS TIME. IF FORMS ARE NEEDED TO MAKE ADDITIONAL INSTALLMENTS OF THE CURRENT TAX YEAR, SEE THE INSTRUCTIONS FOR MORE INFORMATION. TYPE OF ENTITY - Check the applicable box. S Corporation Partnership Limited Liability Company Business Trust IMPORTANT: Review the instructions before completing this form. If you are using this form for subsequent estimated payments, you do not need to complete this worksheet if you previously have calculated the amount you need to pay each quarter. Check here if you are a first time filer or your mailing address has changed. Check here if electing to remit tax with respect to all members' shares. ESTIMATED TAX WORKSHEET 1. Taxable income of nonresident individual members (including fiduciaries) expected for the tax year BEGINNING in 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Estimated income tax liability (5.75% of line 1.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Special nonresident tax/local tax (2.25% of line 1.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Taxable income of nonresident entities expected for the tax year BEGINNING in 2022 . . . . . . . . 4. 5. Estimated tax liability (8.25% of line 4.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 6. Taxable income of resident individual members (including fiduciaries) expected for the tax year BEGINNING in 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. 7. Estimated income tax liability (5.75% of line 6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. 8. Resident Local Income Tax (2.25% of line 6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 9. Taxable income of resident entities expected for tax year BEGINNING in 2022. . . . . . . . . . . . . . . 9. 10. Estimated tax liability (8.25% of line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. 11. Estimated tax due for the year (Add lines 2, 3, 5, 7, 8 and 10.). . . . . . . . . . . . . . . . . . . . . . . . . 11. 12. Estimated tax due per quarter (Line 11 divided by four.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. Estimated tax paid for 2022 with this declaration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COM/RAD-073 $ .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 MARYLAND FORM 510D 2022 PASS-THROUGH ENTITY DECLARATION OF ESTIMATED INCOME TAX INSTRUCTIONS Purpose of Form Form 510D is used by a pass-through entity (PTE) to declare and remit estimated tax for nonresidents. The PTE may elect to declare and remit estimated tax on behalf of resident members. Election to Pay Tax for All Members at the Entity Level Effective July 1, 2021, PTEs may elect to pay tax for all members at the entity level. For electing PTEs, the tax is the top marginal state tax of 5.75% plus the lowest local income tax rate of 2.25% of members’ pass-through entity taxable income. For entity members the tax is 8.25% of the electing PTEs taxable income. General Requirements PTEs are required to pay tax on behalf of all nonresident members. For nonresident members that are individuals or nonresident fiduciaries, the tax is 5.75% in addition to the special nonresident tax of 2.25% of the nonresident member’s distributive or pro rata share of income. For nonresident entity members, the tax is 8.25% of the nonresident member’s distributive or pro rata share of income. A nonresident entity is an entity that is not formed under the laws of Maryland; and is not qualified by, or registered with the Department of Assessments and Taxation to do business in Maryland. The amount of tax due may be limited based on the distributable cash flow limitation. The Distributable Cash Flow Limitation worksheet is available in our PTE income tax instructions, which can be downloaded at www.marylandtaxes.gov. When to File File Form 510D on or before the 15th day of the 4th, 6th, 9th and 12th months following the beginning of the tax year or period for S corporations or by the 4th, 6th, 9th and 13th months following the beginning of the tax year for partnerships, LLCs and business trusts. Tax Year or Period The tax year is shown at the top of Form 510D. The form used for filing must reflect the preprinted tax year in which the PTE’s tax year begins. If the tax year of the PTE is other than a calendar year, enter the beginning and ending dates of the fiscal year in the space provided at the top of Form 510D. Name, Address, and Other Information Type or print the required information in the designated area. Enter the exact PTE name with any “Trading As” (T/A) name if applicable. Enter the Federal Employer Identification Number (FEIN). If the FEIN has not been secured, enter “APPLIED FOR” followed by the date of application. If a FEIN has not been applied for, do so immediately. Filing electronically using Modernized Electronic Filing method (MeF) (software provider must be approved by the IRS and Revenue Administration Division). If filed electronically, do not mail 510D; retain it with company’s records. Certain PTEs meeting certain reporting requirements are exempt from the requirement to pay nonresident tax on behalf of their nonresident members. See instructions for Form 510 for more information. If you need to make additional payments for the current tax year you may file electronically or visit www.marylandtaxes.gov and download another Form 510D. When the tax is expected to exceed $1,000 for the tax year, the PTE must make quarterly estimated payments. The total estimated tax payments for the year must be at least 90% of the tax developed for the current tax year or 110% of the tax that was developed for the prior tax year to avoid interest and penalty. Payment Instructions Include a check or money order made payable to Comptroller of Maryland. All payments must indicate the FEIN, type of tax and tax year beginning and ending dates. DO NOT SEND CASH. In the case of a short tax period, the total estimated tax required is the same as for a regular tax year: 90% of the tax that was developed for the current (short) tax year or 110% of the tax that was developed for the prior tax year. The minimum estimated tax for each of the installment due dates is the total estimated tax required divided by the number of installment due dates occurring during the short tax year. However, if the pass-through entity has a short tax period of less than 4 months, it does not have to pay estimated tax nor file Form 510D. Maryland law provides for the accrual of interest and imposition of penalty for failure to pay any tax when due. If it is necessary to amend the estimate, recalculate the amount of estimated tax required using the estimated tax worksheet provided. Adjust the amount of the next installment to reflect any previous underpayment or overpayment. The remaining installments must be at least 25% of the amended estimated tax due for the year. The PTE must issue a statement (Maryland Schedule K-1 (510)) to each member showing the amount of tax paid for the members or on their behalf. Members must include the statement with their own income tax returns (Form 500, 502, 504, 505, 511, or 510) to claim credit for taxes paid. COM/RAD-073 Mailing Instructions Mail the completed Form 510D and payment to: Comptroller of Maryland Revenue Administration Division 110 Carroll Street Annapolis, MD 21411-0001
TY-2021-510D
More about the Maryland Form 510D Corporate Income Tax Estimated TY 2022
Form 510D is used by a pass-through entity (PTE) to declare and remit estimated tax.
We last updated the Declaration of Estimated Pass-Through Entity Tax in January 2023, so this is the latest version of Form 510D, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form 510D 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 510 | Pass-Through Entity Tax Return |
Form 500E | Application for an Extension to File Corporation Income Tax Return |
Form 510E | Application for Extension to File Pass-Through Entity |
500CR-Instructions | Business Income Tax Credits |
Form 500 | Maryland Corporation Income Tax Return |
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 510D from the Comptroller of Maryland in January 2023.
Form 510D is a Maryland Corporate Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
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 510D
We have a total of ten past-year versions of Form 510D in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
TaxFormFinder Disclaimer:
While we do our best to keep our list of Maryland Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.