Maryland Form 505X PDF Details

Filing taxes can often feel like navigating through a maze, especially when changes need to be made to an already filed return. This is where the Maryland Form 505X steps in for nonresidents who need to amend their tax returns. Whether due to changes in income, adjustments, deductions, or to correct errors, the 505X form serves as a critical tool for ensuring one's tax liabilities are accurate and fair. Designed specifically for nonresidents, it accommodates adjustments for both the tax year beginning and ending in 2021. This form requires detailed information such as Social Security Numbers for both the filer and, if applicable, the spouse, alongside current mailing addresses. It also digs into employment details, such as the name of the county and city where the filer was employed during the last day of the taxable period. An important aspect of this form is the section on net operating losses, providing options for carryback (exclusively for farming losses) or carry forward, which are vital for individuals seeking to adjust their taxable income based on losses incurred. Moreover, the form carefully walks through income and adjustments, itemized deductions or standard deductions, exemptions, and any amendments to filing status—ensuring that every piece of information that could influence one's tax obligations is accounted for meticulously. Additionally, the form includes sections for explaining the changes made, ensuring transparency and facilitating the amendment process. Understanding and accurately completing the 505X form is imperative for nonresidents to adhere to Maryland’s tax laws and potentially optimize their tax outcomes.

QuestionAnswer
Form NameMaryland Form 505X
Form Length9 pages
Fillable?No
Fillable fields0
Avg. time to fill out2 min 15 sec
Other names PDF 2021 Renters' Tax Credit Application RTC-1 Form Filing Deadline ...

Form Preview Example

 

MARYLAND

NONRESIDENT

 

 

 

 

 

 

2021

 

FORM

 

 

 

 

 

 

 

AMENDED TAX

 

 

 

 

 

 

 

 

 

 

 

 

505X

 

 

 

 

 

 

 

 

 

 

 

 

RETURN

 

 

 

 

 

 

 

 

 

 

 

OR FISCAL YEAR BEGINNING

 

 

 

 

2021, ENDING

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Your Social Security Number

 

Spouse's Social Security Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Your First Name

 

 

 

 

MI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Your Last Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Does your name match the name on your social security card? If not, to ensure you get credit for your

Spouse's First Name

 

 

 

MI

 

 

 

personal exemptions, contact SSA at 1-800-772-1213 or visit www.ssa.gov.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name of county and incorporated city, town or special taxing area

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in which you were employed on the last day of the taxable period

Spouse's Last Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

if you earned wages in Maryland. (See Instruction 6.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Mailing Address (PO Box, number, street and apt. no)

 

 

 

 

 

 

Maryland County

 

 

 

 

 

 

 

 

 

 

Current Mailing Address Line 2 (Apt No., Suite No., Floor No.)

 

 

 

 

 

 

City, Town or Taxing Area

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City or Town

 

 

 

 

 

 

 

 

State

ZIP Code + 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Country Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Province/State/County

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Postal Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

You must use Form 502X if you

IF THIS IS BEING FILED TO CLAIM A NET OPERATING LOSS, CHECK

 

 

 

 

 

 

 

 

 

 

 

 

STOP are changing to Resident status.

THE APPROPRIATE BOX:

 

 

 

CARRYBACK (farming loss only)

CARRY FORWARD

Check here if you are:

 

Check here if your spouse is:

 

65 or over

 

 

Blind

 

65 or over

 

Blind

 

 

 

 

 

IMPORTANT NOTE: Read the instructions and complete page 3 first. Attach copies of the federal loss year return and Form 1045, Schedules A and B. See Instruction 13.

Is this address different from the address on your original return?

. . . . . . . . . . . . . . .

Enter your state of legal residence

 

. Enter the local jurisdiction of which you are a resident

 

.

Are you a resident of a local jurisdiction which imposes an income or earnings tax on Maryland residents?

Enter dates you resided in Maryland

 

 

-

 

 

.

 

 

Any changes from the original filing must be explained in Part III of this form.

 

Did you request an extension of time to file the original return?

. . . . . . . . . . . . . . .

If yes, enter the date the return was filed

 

 

.

 

 

 

Is an amended federal return being filed?. . .

. . . . . .

. . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . .

Has your original federal return been changed or corrected by the Internal Revenue Service? . . . . . . . . . . . . . . . . . . . . . . .

YES

YES

YES

YES YES

NO

NO

NO

NO NO

CHANGE OF FILING STATUS

Original Amended

Single

Married filing joint return or spouse had no income

Married filing separately

Original Amended

Head of household

Qualifying widow(er) with dependent child

Dependent taxpayer

Spouse's Social Security No.

MARYLAND NONRESIDENT

FORM AMENDED TAX 505X RETURN

Last Name

 

SSN

 

 

 

 

 

 

 

 

IMPORTANT NOTE: Read the instructions and

A. As originally reported or

B. Net change – increase

 

complete page 3 first.

as previously adjusted

or (-) decrease

 

 

 

(See instructions.)

explain on page 4.

1. Federal adjusted gross income . . . . . . . . . . . . . . . . . . 1.

2. Additions to income . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Total (Add lines 1 and 2.). . . . . . . . . . . . . . . . . . . . . . 3.

4. Subtractions from income . . . . . . . . . . . . . . . . . . . . . . 4.

5.Total Maryland adjusted gross income (Subtract line 4

from line 3.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

6. CHECK ONLY ONE METHOD (See Instruction 5.)

STANDARD DEDUCTION METHOD

ITEMIZED DEDUCTION METHOD Enter total MD itemized deductions from Part II,

on page 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. 7. Net income (Subtract line 6 from line 5.). . . . . . . . . . . 7.

8. Exemption amount (See Instruction 5.) . . . . . . . . . . . . 8.

9. Taxable net income (Subtract line 8 from line 7.) . . . . . 9.

10.Maryland tax from line 16 of revised

Form 505NR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.

11.Special Nonresident tax from line 17 of

 

revised Form 505NR

. . . . . . . . . . . . . . .

. . . . 11.

12.

Total Maryland tax (Add lines 10 and 11.)

. . . . 12.

12a.

Credits:

 

 

 

Poverty Level Credit

 

 

 

Personal Credit

 

 

 

 

Business Credit

X X X X X X X X X X

 

 

Enter total credits

. . . . . . . . . . . . . . .

. . . 12a.

12b.

Maryland tax after credits (Subtract line 12a

 

 

from line 12.) If less than 0, enter 0

. . . 12b.

13.Contribution: 13a. 13b. 13c. 13d.

Enter total contributions (See Instruction 8.) . . . . . . . 13.

14.Total Maryland income tax and contribution (Add lines

12b and 13.) . . . . . . . . . . . . .. . . . . . . . . . . . . . . . 14.

15. Total Maryland tax withheld. . . . . . . . . . . . . . . . . 15.

16.Estimated tax payments and payments made

with Form PV and Form MW506NRS . . . . . . . . . . . . . 16.

17. Nonresident tax paid by pass-through entities . . . . . . 17.

18.Refundable income tax credits

(Attach Form 502CR and/or 502S.) . . . . . . . . . . . . . 18.

19.Total payments and credits (Add lines 15

through 18.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.

20. Balance due (If line 14 is more than line 19, subtract line 19 from line 14.) . . . . . . . . . . . . . . . . . . . . . . . . . 20.

21. Overpayment (If line 14 is less than line 19, subtract line 14 from line 19.) . . . . . . . . . . . . . . . . . . . . . . . . . 21.

22.Tax paid with original return, plus additional tax paid after it was filed

(Do not include any interest or penalty.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.

23. Prior overpayment (Total all refunds previously issued.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.

24.REFUND (If line 20 is less than line 22, subtract line 20 from line 22) (If line 23 is less than

line 21, subtract line 23 from line 21.) (Add line 21 to line 22.) (See Instruction 10.) . . . . . . . . . . REFUND 24.

2021

Page 2

C. Corrected amount.

MARYLAND NONRESIDENT

FORM AMENDED TAX 505X RETURN

Name

 

SSN

 

 

 

 

 

25.BALANCE DUE (If line 20 is more than line 22, subtract line 22 from line 20.) (Add line 20 to

line 23.) (If line 21 is less than line 23, subtract line 21 from line 23.) (See Instruction 10.) . . . . . . . . . . . . . 25.

26. Interest and/or penalty charges on tax due and/or from Form 502UP (See Instruction 11.) . . . . . . . . . . . . . . 26.

27. TOTAL AMOUNT DUE (Add line 25 and line 26.) . . . . . . . . . . . . . . . . .PAY IN FULL WITH THIS RETURN 27.

2021

Page 3

I. INCOME AND ADJUSTMENTS TO INCOME: You must complete the following using the amounts from your federal income tax return including any supporting schedules. If there are no changes to the amounts claimed on your original Maryland return, check here and complete Column A and line 17 of Column C.

INCOME AND ADJUSTMENTS INFORMATION

(See Instruction 4.) (Use a minus sign ( - ) to indicate a loss.) 1. Wages, salaries, tips, etc . . . . . . . . . . . . . . . . . . . . . . 1.

2. Taxable interest income . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

4.Taxable refunds, credits or offsets of state and local

income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

6. Business income or loss . . . . . . . . . . . . . . . . . . . . . . . 6.

7. Capital gain or loss . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

8. Other gains or losses (from federal Form 4797) . . . . . . 8.

9.Taxable amount of pensions, IRA distributions,

and annuities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.

10.Rents, royalties, partnerships, estates, trusts, etc. (Circle

appropriate item.) . . . . . . . . . . . . . . . . . . . . . . . . . . 10.

11. Farm income or loss. . . . . . . . . . . . . . . . . . . . . . . . . 11.

12. Unemployment compensation . . . . . . . . . . . . . . . . . . 12.

13.Taxable amount of Social Security and Tier 1 Railroad

Retirement benefits. . . . . . . . . . . . . . . . . . . . . . . . . 13.

14.Other income (including lottery or other gambling

winnings) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.

15. Total income (Add lines 1 through 14.) . . . . . . . . . . . 15.

16.Total adjustments to income from federal return (IRA,

alimony, etc.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.

17.Adjusted gross income (Subtract line 16 from 15.) (Carry

the amount from line 17, column A, to page 1, line 1, column C.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.

A. Federal income

B. Maryland income

 

C. Non-Maryland income

or loss ( - ) as corrected

or loss ( - ) as corrected

 

or loss ( - ) as corrected

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

II.ITEMIZED DEDUCTIONS: If you itemized deductions on your Maryland return, you must complete the following. If there are no changes to the

amounts claimed on your original Maryland return, check here and complete Column A and line 11 of Column C.

A. As originally reported

B. Net increase

C. Corrected amount

or as previously adjusted

or decrease ( - )

 

1. Medical and dental expense . . . . . . . . . . . . . . . . . . . . 1.

2.Taxes.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

4. Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. Casualty or theft losses. . . . . . . . . . . . . . . . . . . . . . . 5.

6. Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.

7.Enter total itemized deductions from federal Schedule A 7.

8.Enter state and local income taxes included on

line 2 or from worksheet (See Instruction 4.) . . . . . . . 8.

9. Net deductions (Subtract line 8 from line 7.). . . . . . . . 9.

10.AGI factor (See Instruction 14 of the

nonresident instructions.) . . . . . . . . . . . . . . . . . . . . 10.

 

 

MARYLAND

NONRESIDENT

 

2021

 

 

FORM

 

 

 

AMENDED TAX

 

Page 4

 

 

505X

 

 

 

RETURN

 

 

Name

 

 

SSN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. As originally reported

B. Net increase

C. Corrected amount

 

 

 

 

 

or as previously adjusted

or decrease ( - )

 

11.Total Maryland deductions (Multiply line 9 by line 10.) (Enter on page 2, in each appropriate column of line 6.) 11.

III.EXPLANATION OF CHANGES TO INCOME, DEDUCTIONS AND CREDITS: Enter the line number from page 1 and 2 for each item you are changing and give the reason for each change. Attach any required supporting forms and schedules for items changed.

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.

Your signature

Date

Spouse’s signature

Date

Taxpayer(s)' Daytime telephone no.

Printed name of the Preparer/Firm's name

Signature of preparer other than taxpayer (Required by Law)

Street address of preparer or Firm's address

City, State, ZIP Code + 4

 

Telephone number of preparer

Preparer’s PTIN (Required by Law)

Make checks payable to and mail to:

Comptroller of Maryland

Revenue Administration Division

110 Carroll Street

Annapolis, MD 21411-0001

It is recommended that you include your Social Security Number on check in blue or black ink.

How to Edit Maryland Form 505X Online for Free

You may prepare Maryland Form 505X effortlessly with our PDFinity® editor. The tool is consistently maintained by our team, getting awesome functions and turning out to be greater. This is what you'd have to do to start:

Step 1: Open the PDF file inside our editor by hitting the "Get Form Button" in the top area of this webpage.

Step 2: This tool gives you the capability to work with your PDF in various ways. Improve it by writing personalized text, correct what is already in the document, and include a signature - all doable in minutes!

Completing this form will require attentiveness. Make certain all necessary blanks are completed accurately.

1. While completing the Maryland Form 505X, be sure to include all of the important blank fields in their associated section. It will help to facilitate the process, enabling your details to be processed quickly and correctly.

Maryland Form 505X writing process clarified (stage 1)

2. The subsequent stage would be to complete all of the following blanks: Foreign Country Name, Foreign ProvinceStateCounty, Foreign Postal Code, STOP, You must use Form X if you, are changing to Resident status, IF THIS IS BEING FILED TO CLAIM A, THE APPROPRIATE BOX, CARRYBACK farming loss only, CARRY FORWARD, Check here if you are, Check here if your spouse is, or over, Blind, and or over.

Step number 2 of filling in Maryland Form 505X

Be extremely careful while completing CARRY FORWARD and THE APPROPRIATE BOX, as this is the section where a lot of people make errors.

3. Completing CHANGE OF FILING STATUS, Original Amended, Single, Married filing joint return or, Married filing separately, Spouses Social Security No, Original Amended, Head of household, Qualifying widower with dependent, and Dependent taxpayer is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Part no. 3 for filling in Maryland Form 505X

4. This next section requires some additional information. Ensure you complete all the necessary fields - A As originally reported or, B Net change increase, C Corrected amount, as previously adjusted, See instructions, or decrease explain on page, NONRESIDENT AMENDED TAX RETURN, Last Name, SSN, IMPORTANT NOTE Read the, complete page first, Federal adjusted gross income, Additions to income, Total Add lines and, and Subtractions from income - to proceed further in your process!

Federal adjusted gross income, Additions to income, and Total Add lines and in Maryland Form 505X

5. While you reach the end of the form, there are actually just a few more requirements that must be satisfied. Notably, Personal Credit, Business Credit X X X X X X X X X X, Enter total credits, b Maryland tax after credits, from line If less than enter, Contribution, Enter total contributions See, Total Maryland income tax and, b and, Total Maryland tax withheld, Estimated tax payments and, with Form PV and Form MWNRS, Nonresident tax paid by, Refundable income tax credits, and Attach Form CR andor S should all be filled in.

Stage number 5 in filling out Maryland Form 505X

Step 3: Check all the information you have typed into the blank fields and then click on the "Done" button. After creating a7-day free trial account with us, you'll be able to download Maryland Form 505X or send it through email promptly. The PDF document will also be available via your personal account page with your every edit. We do not share the details you type in while filling out forms at our website.

Maryland Form 505X isn’t the one you’re looking for?

Related Documents