Maryland Form 510 PDF Details

Are you a Maryland resident trying to understand what the state's Form 510 is and how it might affect your taxes? Understanding and being aware of this form can help keep you up-to-date on changes in tax law which could result in potential savings for you throughout the year. In this article, we'll explain what exactly Maryland Form 510 is, when/how often it needs to be completed, who must file it, and any other pertinent information associated with this important filing requirement. Keep reading to learn more about Maryland Form 510!

QuestionAnswer
Form NameMaryland Form 510
Form Length6 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 30 sec
Other names510 md tax form 510 2012 fillable

Form Preview Example

FORM MARYLAND PASS-THROUGH ENTITY 510 INCOME TAX RETURN

 

OR FISCAL YEAR BEGINNING

, 2011, ENDING

 

 

Name

 

 

 

 

Only

 

 

 

 

 

 

Number and street

 

 

 

 

Ink

 

 

 

 

 

 

 

 

 

 

Blue or Black

 

 

 

 

 

City or town

 

 

State

ZIP code

 

 

 

 

 

 

Federal Employer Identification No. (9 digits)

 

Do not write in this space

 

Using

 

 

 

ME

 

Print

 

 

 

 

 

FEIN Applied for date

 

 

 

 

 

 

 

YE

 

Please

 

 

 

 

 

 

Date of Organization or Incorporation (MMDDYY)

Business Activity Code No. (6 digits)

 

 

 

 

 

 

 

2011

$

Staple check here

 

TYPE OF ENTITY:

S Corporation

Partnership

Limited Liability Company

Business Trust

 

AMENDED

 

 

 

 

 

 

 

 

RETURN

 

CHECK HERE IF:

Name or address has changed

First filing of the entity

 

Inactive entity

Final return

 

 

This tax year’s beginning and ending dates are different from last year’s because of an acquisition or consolidation

 

1. Number of members:

a) Individual (including fiduciary) residents of Maryland ________________

c) Nonresident entities _______________

 

 

 

 

b) Individual (including fiduciary) nonresidents __________________________

d) Others ______________________________

e) Total __________________

2.Total distributive or pro rata share of income per federal return (Form 1065 or 1120S) — Unistate entities or multistate

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .entities with no nonresident members also enter this amount on line 4

2

ALLOCATION OF INCOME

(To be completed by multistate pass-through entities with nonresident members — unistate entities, and multistate entities with no nonresidents, go to line 4)

3a. Non-Maryland income (for entities using separate accounting). Subtract this amount from line 2 and enter the difference on line 4 . . . . . . . 3a 3b. Maryland apportionment factor from computation worksheet on Page 2 (for entities using the apportionment method).

Multiply line 2 by this factor and enter the result on line 4 (If factor is zero, enter 000001) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 3b .

4. Distributive or pro rata share of income allocable to Maryland

4

NOTE: Complete lines 5 through 19 only if there is an entry on line 1b or line 1c. Tax is calculated only for nonresident individual or nonresident entity members.

(Investment partnerships see Specific Instructions.)

5.

Percentage of ownership by individual nonresident members shown on line 1b (or profit/loss percentage, if applicable)

 

 

.

 

 

 

 

 

 

 

 

If 100% leave blank and enter the amount from line 4 on line 6

. . .

. .

.

. . . . . . . . .

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

Distributive or pro rata share of income for nonresident individual members (Multiply line 4 by the percentage on line 5)

 

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

Nonresident individual tax (Multiply line 6 by 5.5%)

 

 

 

 

 

 

 

7

 

 

 

 

 

 

 

 

 

. . .

. .

.

. . . . . . . . .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.

Special nonresident tax (Multiply line 6 by 1.25%)

 

 

 

 

 

 

 

8

 

 

 

 

 

 

 

 

 

 

. . .

.

. . . . . . . . .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Maryland tax on individual members (Add lines 7 and 8)

. . .

. .

.

. . . . . . . . .

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.

Percentage of ownership by nonresident entities shown on line 1c (or profit/loss percentage, if applicable)

 

 

 

 

.

 

 

 

 

 

 

 

 

If 100% leave blank and enter the amount from line 4 on line 11

. . .

. .

.

. . . . . . . . .

 

10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.

Distributive or pro rata share of income for nonresident entity members (Multiply line 4 by percentage on line 10)

 

 

11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12.

Nonresident entity tax (Multiply line 11 by 8.25%)

. . .

. .

.

. . . . . . . . .

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13.

Total nonresident tax (Add lines 9 and 12)

. . .

. .

.

. . . . . . . . .

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14.

Distributable cash flow limitation from worksheet. See instructions. If worksheet used check here

 

 

 

 

14

 

 

 

 

 

 

 

 

 

. . .

. .

.

. . . . . . . . .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15.

Nonresident tax due (Enter the lesser of line 13 or line 14)

. . .

. .

.

. . . . . . . . .

 

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16a. Estimated pass-through entity nonresident tax paid with Form 510D and MW506NRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16a

b. Pass-through entity nonresident tax paid with an extension request (Form 510E). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16b

 

c. Credit for nonresident tax paid on behalf of pass-through entity by another pass-through entity

 

 

(Attach Schedule K-1 or statement)

. . . . . 16c

 

d. Total payments and credits (Add lines 16a through 16c)

. . . . . 16d

17.

Balance of tax due (If line 15 exceeds line 16d enter the difference)

. . . . . 17

18.

Interest and/or penalty from Form 500UP _____________ or late payment interest _____________

Total 18

19.

Total balance due (Add lines 17 and 18). Pay in full with this return

. . . . . 19

NOTE: The total tax paid from lines 16d and 17 is to be reported either on the composite return or on the returns of the nonresident members. Nonresident entity and fiduciary members cannot file a composite return nor be included in the composite return filed by nonresident individual members. (See instructions.)

Complete line 20 only if there are no nonresident members. (Lines 1b and 1c are both zero)

20. Amount TO BE REFUNDED (Enter the amount from line 16d if the amount on line 13 is zero) . . . . . . . . . . . . . . . . . . . . . 20

049

CODE NUMBERS (Three digits per box)

COM/RAD 069

11-49

FORM MARYLAND PASS-THROUGH ENTITY 510 INCOME TAX RETURN

2011

NAME __________________________ FEIN ___________________________

Page 2

SCHEDULE A –

 

Column 1

Column 2

 

 

 

 

 

Column 3

 

 

 

TOTALS

TOTALS

 

 

 

DECIMAL FACTOR

 

 

COMPUTATION OF APPORTIONMENT FACTOR

 

 

 

 

 

(Applies only to multistate pass-through entities – see instructions)

WITHIN

WITHIN AND

 

 

Column 1 ÷ Column 2

 

 

MARYLAND

WITHOUT

( rounded to six places

)

 

NOTE: Special apportionment formulas are required for rental/leasing, transportation, financial

 

 

institutions and manufacturing companies. See Instructions.

 

MARYLAND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1A.

Receipts

a. Gross receipts or sales less returns and allowances

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Enter the same factor shown on line 1A, Column 3. Disregard this line

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

if special apportionment formula used

 

 

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

Property

a. Inventory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .b. Machinery and equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .c. Buildings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .d. Land

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

. . . . . . . . . . . . . . . . . . . . . . . .e. Other tangible assets (Attach schedule)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

. . . . . . . . . . . . . . . . . . .f. Rent expense capitalized (Multiplied 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 four for three-factor formula, or by the number of factors used if special apportionment

formula required (If factor is zero, enter 000001 on line 3b, Page 1.)

 

.

 

ADDITIONAL INFORMATION REQUIRED

1.Address of principal place of business (if other than indicated on page 1):

2.Address at which tax records are located (if other than indicated on page 1):

3.Telephone number of pass-through entity tax department:

4.State of organization or incorporation:

5.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?

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

Yes

No

 

If “yes”, indicate tax year(s) here:

 

and submit an amended return(s) together with a copy of the IRS adjustment report(s) under

 

separate cover.

 

 

 

6.

Did the pass-through entity file withholding tax returns/forms with the Maryland Revenue Administration Division for the last calendar year?

Yes

No

7.

Is this entity a multistate corporation that is a member of a unitary group?. . .

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

Yes

No

8.

Is this entity a multistate manufacturing corporation with more than 25 employees? If so, complete and attach Form 500MC to your Form 510

Yes

No

SIGNATURE AND VERIFICATION: Under penalties of perjury, I declare that I have examined this return (including attachments) and, to the best of my knowledge and belief, it is true, correct and

complete. (Declaration of preparer other than the taxpayer is based on all information of which preparer has any knowledge.) Check here if you authorize your preparer to discuss this return with us.

 

 

 

 

 

 

 

Signature of general partner, officer or member

 

Date

Preparer’s SSN or PTIN (required by law)

Preparer’s signature

 

 

 

 

 

 

 

 

Title

 

 

Preparer’s name, address and telephone number

 

Make checks payable and mail to:

Comptroller of Maryland, Revenue Administration Division 110 Carroll Street

Annapolis, Maryland 21411-0001

(Write federal employer identification number on check)

COM/RAD 069

11-49

SCHEDULE B

MARYLAND

2011

FORM 510

PASS-THROUGH ENTITY INCOME TAX RETURN

 

 

MEMBERS’ INFORMATION

 

Name shown on Form 510

Federal employer identification number (9 digits)

PART I – INDIVIDUAL MEMBERS’ INFORMATION

Enter the Information in Social Security Number Order

 

 

Check

 

 

 

 

 

here if

Distributive or pro

Distributive or pro

Distributive or pro

Social Security Number and name of member

Address

Maryland:

rata share of income

rata of tax paid

rata share of tax credit

 

 

 

(See Instructions)

(See Instructions)

(See Instructions)

 

 

Non-

 

 

 

 

 

 

 

Resident Resident

 

 

 

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

SUBTOTAL from additional Form 510 Schedule B for individual members

TOTAL:

SCHEDULE B

MARYLAND

2011

FORM 510

PASS-THROUGH ENTITY INCOME TAX RETURN

 

 

MEMBERS’ INFORMATION

 

Name shown on Form 510

Federal employer identification number (9 digits)

PART II – FIDUCIARY MEMBERS’ INFORMATION

Enter the Information in Federal Employer Identification Number Order

 

 

Check

 

 

 

Federal employer identiication number and name

 

here if

Distributive or pro

Distributive or pro

Distributive or pro

Address

Maryland:

rata share of income

rata of tax paid

rata share of tax credit

of estate or trust

 

 

(See Instructions)

(See Instructions)

(See Instructions)

 

 

Non-

 

 

 

 

 

 

 

Resident Resident

 

 

 

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

SUBTOTAL from additional Form 510 Schedule B for iduciary members

TOTAL:

SCHEDULE B

MARYLAND

2011

FORM 510

PASS-THROUGH ENTITY INCOME TAX RETURN

 

 

MEMBERS’ INFORMATION

 

Name shown on Form 510

Federal employer identification number (9 digits)

PART III – PASS-THROUGH ENTITY MEMBERS’ INFORMATION (INCLUDING S CORPORATIONS)

Enter the Information in Federal Employer Identification Number Order

 

 

Is Member a

Distributive or

Distributive or pro

Distributive or pro

Federal employer identification number

 

Nonresident

pro rata share of

rata share of tax

Address

Entity:

rata of tax paid

and name of Pass-through entity

income

credit

 

 

(See Instructions)

 

 

YES NO

(See Instructions)

(See Instructions)

 

 

 

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

SUBTOTAL from additional Form 510 Schedule B for PTE members

TOTAL:

SCHEDULE B

MARYLAND

2011

FORM 510

PASS-THROUGH ENTITY INCOME TAX RETURN

 

MEMBERS’ INFORMATION

Name shown on Form 510

Federal employer identification number (9 digits)

PART IV – CORPORATION MEMBERS’ INFORMATION (EXCLUDING S CORPORATIONS)

Enter the Information in Federal Employer Identification Number Order

 

 

Is Member a

Distributive or

Distributive or pro

Distributive or pro

Federal employer identification number

 

Nonresident

pro rata share of

rata share of tax

Address

Entity:

rata of tax paid

and name of Pass-through entity

income

credit

 

 

(See Instructions)

 

 

YES NO

(See Instructions)

(See Instructions)

 

 

 

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

SUBTOTAL from additional Form 510 Schedule B for corporate members

TOTAL:

How to Edit Maryland Form 510 Online for Free

Maryland Form 510 can be filled in online easily. Simply open FormsPal PDF tool to do the job promptly. Our expert team is always endeavoring to enhance the editor and insure that it is much easier for people with its handy functions. Bring your experience one step further with continuously improving and interesting opportunities available today! For anyone who is looking to begin, here is what it will take:

Step 1: First of all, open the pdf tool by pressing the "Get Form Button" at the top of this webpage.

Step 2: Using our online PDF tool, you are able to accomplish more than simply fill in blank form fields. Edit away and make your forms seem sublime with custom text put in, or optimize the original content to perfection - all that comes along with an ability to incorporate stunning photos and sign it off.

If you want to complete this form, make sure you type in the information you need in each and every blank field:

1. The Maryland Form 510 needs certain information to be typed in. Make sure the subsequent blanks are completed:

Maryland Form 510 conclusion process outlined (portion 1)

2. Soon after completing the last step, go to the subsequent part and enter the essential details in these blank fields - To be completed by multistate, a NonMaryland income for entities, Multiply line by this factor and, Distributive or pro rata share of, Investment partnerships see, e r e h, k c e h c, e p a t S, Percentage of ownership by, If leave blank and enter the, Distributive or pro rata share of, Nonresident individual tax, Special nonresident tax Multiply, Total Maryland tax on individual, and If leave blank and enter the.

Distributive or pro rata share of, Total Maryland tax on individual, and Special nonresident tax Multiply inside Maryland Form 510

3. Completing d Total payments and credits Add, Balance of tax due If line, Interest andor penalty from Form, Total balance due Add lines and, Complete line only if there are, COMRAD, and CODE NUMBERS Three digits per box is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Writing section 3 in Maryland Form 510

Regarding COMRAD and CODE NUMBERS Three digits per box, be certain you don't make any mistakes here. Those two are the most significant fields in the page.

4. This next section requires some additional information. Ensure you complete all the necessary fields - MARYLAND PASSTHROUGH ENTITY INCOME, NAME FEIN, Column TOTALS WITHIN, MARYLAND, Column TOTALS, WITHIN AND, WITHOUT MARYLAND, Column, DECIMAL FACTOR Column Column, SCHEDULE A COMPUTATION OF, institutions and manufacturing, A Receipts, a Gross receipts or sales less, b Dividends, and c Interest - to proceed further in your process!

How one can complete Maryland Form 510 part 4

5. When you get close to the completion of the form, you'll notice a few more requirements that have to be satisfied. Notably, Payroll, a Compensation of officers, b Other salaries and wages, Total of factors Add entries in, Maryland apportionment factor, formula required If factor is zero, ADDITIONAL INFORMATION REQUIRED, Address of principal place of, Address at which tax records are, Telephone number of passthrough, State of organization or, Has the Internal Revenue Service, If yes indicate tax years here and, and Did the passthrough entity file must be filled out.

Stage # 5 of completing Maryland Form 510

Step 3: Prior to submitting your document, make sure that blanks were filled in correctly. The moment you determine that it's good, press “Done." Sign up with FormsPal today and easily use Maryland Form 510, set for downloading. Every single modification you make is conveniently preserved , letting you modify the pdf at a later time as needed. At FormsPal, we aim to make sure that your information is maintained private.