Maryland Form 510E PDF Details

Entities operating in Maryland that are categorized as partnerships, S corporations, or limited liability companies navigate their tax obligations through various forms, among which is the Maryland Form 510E, an essential document for requesting an extension of time to file their pass-through entity income tax return. The existence of this form provides a structured mechanism for these entities to align their filing processes with their financial and operational realities, ensuring compliance while managing their fiscal responsibilities effectively. By submitting Form 510E by the specified deadline—typically the 15th day of the third or fourth month following the close of the taxable year, depending on the entity type—organizations can secure an extension of up to six months for filing their returns, though it's important to note that this does not extend the time for tax payment. The form requires detailed information, including the entity's name, address, federal employer identification number, and the reason for the extension request, accompanied by a signature under penalty of perjury affirming the form's accuracy. Payment of estimated taxes due must accompany the application, a rule designed to prevent tax evasion and ensure fiscal responsibility. Additionally, circumstances such as changes to the entity's name or address, its first filing, or if it's considered inactive or is filing a final return, must be clearly indicated, ensuring the Revenue Administration Division maintains current records on all pass-through entities operating within Maryland.

QuestionAnswer
Form NameMaryland Form 510E
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesnonresident, md form 510e, 15th, MARYLAND

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MARYLAND

APPLICATION FOR EXTENSION OF TIME TO

 

 

19

 

FORM 510E

FILE PASS-THROUGH ENTITY INCOME TAX RETURN

 

 

 

 

 

FOR TAXABLE YEAR BEGINNING_____________, 19___

 

 

 

 

MAIL TO:

COMPTROLLER OF THE TREASURY

ENDING__________________________

 

 

 

 

 

 

REVENUE ADMINISTRATION DIVISION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANNAPOLIS, MARYLAND 21411-0001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DO NOT WRITE IN THIS SPACE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number and street

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City or town

 

 

State

 

Zip code

 

ME

YE

 

EC

 

 

 

 

 

 

 

 

 

 

 

 

 

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Federal Employer Identification No. (9 digits)

 

FEIN Applied for date

 

Date of Organization or Incorporation (6 digits)

 

Federal Business Code No. (6 digits)

 

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TYPE OF ENTITY: ☐ Partnership

☐ S corporation

☐ Limited liability company

 

 

 

 

 

 

 

 

 

 

 

 

CHECK HERE IF: ☐ Name or address has changed ☐ First filing of the entity ☐ Inactive entity

☐ Final return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1a.

An automatic extension of time to file the income tax return is requested until ____________________________________________ .

1b.

If the original due date for the federal return is after the 15th day of the 3rd month following close of the taxable year for an S corporation

 

or is after the 15th day of the 4th month following the close of the taxable year for a partnership or limited liability company, specify the

 

situation which affords the later original due date and enter the federal due date:

 

2a.

Has the pass-through entity filed an application for extension of time with the Internal Revenue Service?

☐ Yes ☐ No

b.If the answer to Question 2a is “No,” state the reason for this extension request:

3.Tentative tax (total nonresident partner, shareholder or member tax due or distributable cash flow limitation) . . . . . . .

4.Less estimated tax payments (total amount paid for the tax year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Balance due (line 3 less line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

REMIT FULL AMOUNT DUE WITH THIS FORM — APPLICATION EXTENDS

ONLY THE TIME ALLOWED TO FILE THE RETURN AND NOT THE TIME ALLOWED TO PAY THE TAX

SIGNATURE AND VERIFICATION: Under penalties of perjury, I declare that I have examined this application (including attachments) and, to the best of my knowledge and belief, it is true, correct and complete. (Declaration of preparer other than taxpayer acknowledges authorization by the above named pass-through entity to make this application.)

Officer’s (or preparer’s) signature

Title (or preparer’s firm name and address)

Date

A PROPER APPLICATION FOR EXTENSION OF TIME TO FILE WILL NOT BE ACKNOWLEDGED. IF THE EXTENSION REQUEST IS DE- NIED, THE MARYLAND REVENUE ADMINISTRATION DIVISION WILL RETURN THIS APPLICATION AND INDICATE THE REASON BELOW:

☐Failed to file application timely as postmarked after the due date of the return. (The due date of the return is the 15th day of the 3rd month following the close of the taxable year for an S corporation and the 15th day of the 4th month following the close of the taxable year or period for a partnership or limited liability company, or by the original due date required for filing of the federal return.)

☐Failed to pay the full amount due shown on line 5. (If a partial amount was remitted, that amount has been applied to the account.)

☐Did not file an application for extension with the IRS and failed to include acceptable reason for this request.

☐Other:

If the application for extension is denied for any of the above reasons, the pass-through entity income tax return (Form 510) must be filed within ten (10) days or by the original due date, whichever is later. The full amount of any tax plus accrued interest is due at that time.

☐Cannot be approved for more than six months beyond the original due date. (An automatic six-month extension of time to file has been granted until

___________________________ .)

COT/RAD 008

INSTRUCTIONS FOR MARYLAND FORM 510E (Revised 1999)

APPLICATION FOR EXTENSION OF TIME

TO FILE PASS-THROUGH ENTITY

INCOME TAX RETURN

GENERAL INSTRUCTIONS

Purpose of Form Form 510E is used by a pass-through entity to request an extension of time to file the pass-through entity income tax return (Form 510).

General Requirements Maryland law provides for an extension of time to file, but in no case can an extension be granted for more than six months beyond the original due date. A request for exten- sion of time to file will be granted auto- matically for six months for S corporations and three months for partnerships and limited liability companies if:

1)Form 510E is properly filed and submitted by the original due date (S corporation: 15th day of the 3rd month following close of the tax year or period. Partnerships and limited liability companies: 15th day of the 4th month following close of the tax year or period.);

2)full payment of any balance due is submitted with Form 510E; and

3)an application for extension of time has been filed with the Internal Revenue Service or an acceptable reason has been provided with Form 510E.

An additional three-month extension may be granted to a partnership or limited liability company for reasonable cause with the filing of an additional Form 510E.

A proper application for extension of time to file will not be acknowledged. If the extension request is denied, the pass-through entity will be notified.

Form 510E does not extend the time allowed a pass-through entity to pay the personal income tax for nonresident part- ners, shareholders or members. Maryland law provides for accrual of interest and imposition of penalty for failure to pay any tax when due.

When and Where to File File Form 510E by the 15th day of the 3rd month following the close of the taxable year or period if an S corporation; by the 15th day of the 4th month following the close of the taxable year or period if a partnership or limited liability company. The return must be filed with the Comptroller of the Treasury, Revenue Administration Division, Annapolis, Maryland 21411-0001.

SPECIFIC INSTRUCTIONS

Taxable Year or Period Enter the beginning and ending dates of the tax- able year in the space provided at the top of Form 510E.

Name, Address and Other Information

Type or print the required information in the designated area. DO NOT USE THE LABEL FROM THE TAX BOOKLET COVER.

Enter the exact pass-through entity name and continue with any “Trading As” (T/A) name if applicable.

Enter the Federal Employer Identifica- tion Number (FEIN). If a 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.

Be sure to check the applicable box to indicate the type of pass-through entity: partnership, S corporation or limited liability company.

Check the applicable box if: (1) the name or address has changed; (2) this is the first filing of the pass-through entity;

(3)this is an inactive pass-through entity (in Maryland and elsewhere); (4) this is the final return of a pass-through entity which has dissolved, liquidated or with- drawn from Maryland. Do not check the box for inactive or final if the pass- through entity is inactive in Maryland but active elsewhere.

Tentative Tax Enter the total amount of income tax liability expected for the tax year on line 3.

Estimated Tax Payments Enter on line 4 the total amounts paid with Form 510D - Declaration of Estimated Pass- Through Entity Nonresident Tax for the taxable year or period.

Balance Due Enter the amount of tax due on line 5 and remit full payment with this form.

Signature and Verification An author- ized officer or the paid preparer must sign and date Form 510E indicating the officer’s title or preparer firm name and address.

Payment Instructions Include a check or money order made payable to the Comptroller of the Treasury for the full amount of any balance due. All payments must indicate the Federal Employer Identi- fication Number, type of tax and tax year beginning and ending dates. DO NOT SEND CASH.

Mailing Instructions Use the enve- lope provided in the tax booklet and place an “X” in the appropriate box in the lower left corner to indicate the type of document enclosed. Also, be sure to read and follow the reminders listed on the back of the envelope.

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