Form 502Su PDF Details

Form 502su is an important form for businesses in Utah. This form is used to report the amount of sales and use tax that was collected during the previous month. It is important to submit this form on time, so that the state can ensure that businesses are paying their fair share of sales tax. There are penalties for businesses that fail to submit Form 502su on time, so it is important to make sure that you are familiar with the requirements and deadlines. For more information, contact the Utah State Tax Commission.

QuestionAnswer
Form NameForm 502Su
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names502SU 502su maryland form

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FORM

MARYLAND SUBTRACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

502SU

FROM INCOME

 

 

 

 

 

 

 

 

 

 

ATTACH TO YOUR TAX RETURN

 

 

 

 

 

 

 

 

 

 

 

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Social Security number

 

 

Spouse's Social Security number

 

 

 

 

 

 

 

 

 

 

UsingPrint BlackorInk

 

 

 

 

 

 

 

 

 

Your first name

 

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Spouse’s first name

 

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2011

Subtractions from income. Determine which subtractions from income apply to you. See Instruction 13 in Resident Booklet for more information.

a.Payments from a pension system to firemen and policemen for job-related injuries or disabilities (but not more than the amount included in your total income) ..............................................................

b.Net allowable subtractions from income from pass-through entities not attributable to decoupling....

c.Net subtractions from income reported by a fiduciary ...........................................................................

d.Distributions of accumulated income by a fiduciary, if income tax has been paid by the fiduciary to the State (but not more than the amount included in your total income) ..............................................

e.Profit (without regard to losses) from the sale or exchange of bonds issued by the State or local governments of Maryland ........................................................................................................................

f.Benefits received from a Keogh plan on which State income tax was paid prior to 1967.

Attach statement......................................................................................................................................

g.Amount of wages and salaries disallowed as a deduction due to the work opportunity credit allowed under the Internal Revenue Code Section 51 ...........................................................................

h.Expenses up to $5,000 incurred by a blind person for a reader, or up to $1,000 incurred by an employer for a reader for a blind employee ............................................................................................

i.Expenses incurred for reforestation or timber stand improvement of commercial forest land..............

j.The amount added to taxable income for the use of an official vehicle by a member of a state, county or local police or fire department. The amount is listed separately on your W-2......................

k.Up to $6,000 in expenses incurred by parents to adopt a child with special needs through a public or nonprofit adoption agency; up to $5,000 for adoption of a child without special needs.......

l.Purchase and installation costs of certain conservation tillage equipment.

Attach a copy of the certification ............................................................................................................

m. Deductible artist’s contribution. Complete and attach Form 502AC ......................................................

n.Payment received under a fire, rescue, or ambulance personnel length of service award

program that is funded by any county or municipal corporation of the State .......................................

o.Value of farm products you donated to a gleaning cooperative. Attach a copy of the certification .....

p.Overseas military subtraction (use worksheet from Instruction 13)........................................................

q.Unreimbursed vehicle travel expenses. Complete and attach Form 502V ............................................

r.Amount of pickup contribution shown on Form 1099R from the State retirement or pension systems included in federal adjusted gross income..............................................................................................

s.Amount of interest and dividend income (including capital gain distributions) of a dependent child that is included in the parent’s federal gross income under the Internal Revenue Code Section 1(g)(7) ..........................................................................................................................................

t.Relocation and assistance payments received from the State of Maryland under Title 12 Subtitle 2 of the Real Property Article......................................................................................................................

u.Up to $5,000 of military retirement income received by a qualifying individual during the tax year. See Instruction 13 on who is a qualifying individual...............................................................................

v.The Honorable Louis L. Goldstein Volunteer Police, Fire, Rescue and Emergency Medical Services Personnel Subtraction Modification Program. Attach a copy of the certification ..................................

w.Purchase cost of certain poultry or livestock manure spreading equipment. Attach a copy of the certification...............................................................................................................................................

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COM/RAD-026 11-49

FORM

MARYLAND SUBTRACTIONS

 

502SU

FROM INCOME

PAGE 2

ATTACH TO YOUR TAX RETURN

NAME ________________________________ SSN _______________________________

2011

xa. Up to $2,500 per contract purchased for advanced tuition payments made to the Maryland Prepaid

College Trust. See Administrative Release 32.........................................................................................

xb. Up to $2,500 per taxpayer per beneficiary for the total of all amounts contributed to investment accounts for the same beneficiary under the Maryland College Investment Plan and Maryland

Broker-Dealer College Investment Plan. See Administrative Release 32. ........................................................

y.Any income that is related to tangible or intangible property that was seized, misappropriated or lost as a result of the actions or policies of Nazi Germany towards a Holocaust victim .............................

z.Expenses incurred to buy and install handrails in an existing elevator in a qualified healthcare facility or other building in which at least 50% of the space is used for medical purposes ............................

aa. Payments from a pension system to the surviving spouse or other beneficiary of a law enforcement

officer or firefighter whose death arises out of or in the course of their employment...........................

ab. Income from U.S. Government obligations (See Instruction 13) ............................................................

bb. Net subtraction modification to Maryland taxable income when claiming the federal depreciation allowances from which the State of Maryland has decoupled. Complete and attach Form 500DM. See Administrative Release 38 ................................................................................................................

cc. Net subtraction modification to Maryland taxable income when using the federal special 5-year carryback period for a net operating loss under federal law compared to Maryland taxable income without regard to federal provisions. Complete and attach Form 500DM. See Administrative Release 38................................................................................................................................................

cd. Net subtraction modification to Maryland taxable income resulting from the federal ratable inclusion of deferred income arising from business indebtedness discharged by reacquisition of a debt instrument. Complete and attach Form 500DM. See Administrative Release 38 ..................................

dd. Income derived within an arts and entertainment district by a qualifying residing artist. Complete

and attach Form 502AE...........................................................................................................................

dm.Net subtraction modification from multiple decoupling provisions.

Complete and attach Form 500DM.........................................................................................................

dp. Net subtraction decoupling modification from a pass-through entity. Complete and attach Form

500DM. See Administrative Release 38 ..................................................................................................

ee. Amount received as a grant under the Solar Energy Grant Program administered by the Maryland

Energy Administration but not more than the amount included in your total income ...........................

ff.Amount of the cost difference between a conventional on-site sewage disposal system and

a system that utilizes nitrogen removal technology, for which the Department of Environment’s payment assistance program does not cover. ........................................................................................

hh. Net subtraction to adjust phase out of exemptions as a result of including U.S. obligations in your

adjusted gross income.............................................................................................................................

ii.Interest income from Build America Bonds. Interest on any Build America Bond that is included in your federal adjusted gross income. See Administrative Release 13.....................................................

1.TOTAL. Add lines a through ii and enter this amount on line 13 of Form 502

with the appropriate code letters

TOTAL

 

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COM/RAD-026 11-49

How to Edit Form 502Su Online for Free

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For you to finalize this PDF form, be sure to provide the required information in each and every field:

1. It is recommended to complete the Form 502Su properly, therefore be mindful while filling out the parts comprising these specific blank fields:

Completing part 1 of Form 502Su

2. Once your current task is complete, take the next step – fill out all of these fields - allowed under the Internal Revenue, h Expenses up to incurred by a, employer for a reader for a blind, i Expenses incurred for, j The amount added to taxable, county or local police or fire, k Up to in expenses incurred by, public or nonprofit adoption, l Purchase and installation costs, Attach a copy of the certification, m Deductible artists contribution, n Payment received under a fire, program that is funded by any, o Value of farm products you, and p Overseas military subtraction with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Filling out segment 2 in Form 502Su

3. This third part is considered rather easy, u Up to of military retirement, See Instruction on who is a, v The Honorable Louis L Goldstein, w Purchase cost of certain poultry, certification, and COMRAD - all these form fields will have to be completed here.

The best ways to fill in Form 502Su part 3

4. To move ahead, this next stage involves filling out several blank fields. These comprise of PAGE, ATTACH TO YOUR TAX RETURN, NAME SSN, xa Up to per contract purchased, Up to per taxpayer per, y Any income that is related to, as a result of the actions or, z Expenses incurred to buy and, or other building in which at, aa Payments from a pension system, ab Income from US Government, bb Net subtraction modification to, allowances from which the State of, cc Net subtraction modification to, and carryback period for a net, which you'll find integral to carrying on with this particular process.

Find out how to complete Form 502Su step 4

5. The form needs to be concluded with this section. Below there's a full listing of fields that require correct details to allow your form usage to be complete: dd Income derived within an arts, and attach Form AE, dm Net subtraction modification, Complete and attach Form DM, dp Net subtraction decoupling, DM See Administrative Release, ee Amount received as a grant, Energy Administration but not more, ff Amount of the cost difference, a system that utilizes nitrogen, hh Net subtraction to adjust phase, ii Interest income from Build, your federal adjusted gross income, TOTAL Add lines a through ii and, and with the appropriate code.

Writing segment 5 in Form 502Su

Be very attentive when completing dd Income derived within an arts and Complete and attach Form DM, since this is where most users make mistakes.

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