An Overview of Maryland State Business Income Tax Extension Forms

- Updated Feb 27, 2021 - 8.00 AM by Admin, ExpressExtension

Does Maryland support tax extension for business income tax returns?

Q

Yes. Maryland requires a separate tax extension Form to be filed with the state department apart from the federal tax extension Form 7004.

What Form does the state of Maryland require to apply for an extension?

Q
For Corporation

The businesses operating (as Corporation) in Maryland need to file Form 500E with the state to obtain a 6-month extension of time to file their business income tax return with the state.

  • Form 500E - Request for Six-Month Extension to File (for C Corporation)
For S-Corporation and Partnerships

For S corporation, Partnership Corporation, and limited liability companies should not file a corporation income tax return. These businesses must file as pass-through entities using Form 510 Maryland Pass-Through Entity Income Tax Return. To extend the time to file Form 510, they can submit the extension form 510E and get an automatic 7 month extension with the state.

Note: Make sure to pay any taxes due along with the extension Form to avoid penalties and interest.

When is the deadline to file Form 500 & Form 510 with the state of Maryland ?

Q
Maryland General Corporation Tax Extension

Maryland State General Business Corporation tax return Form 500 is due within 4 months and 15 days following the end of the corporation reporting period.

For corporations operating on a calendar year, this deadline is on April 15.

To file an extension for Form 500, apply for an extension using Form 500E on or before the same date the business tax return is due.

Form 500E grants an automatic 6-month extension of time to file Form 500.

Note: Make sure to pay any taxes due along with the extension Form to avoid penalties and interest.

Maryland S-Corporation & Partnership Tax Extension

Maryland State S corporation, Partnership Corporation, and limited liability companies should not file a corporation income tax return. These businesses must file as pass-through entities using Form 510 Maryland Pass-Through Entity Income Tax Return. To extend the time to file Form 510, they can submit the extension form 510E and get an automatic 7 month extension with the state.

Maryland Pass-Through Entity Income Tax Return is due within 4 months and 15 days.

Note: Make sure to pay any taxes due along with the extension Form to avoid penalties and interest.

How do I pay my balance due along with the extension Form?

Q

You can choose to pay your balance due along with your return by using any one of the following options:

  • If tax is due - Make full payment by electronic funds transfer or by using Form 500E if paying by check or money order.
  • Online services offered by Maryland State (https://www.marylandtaxes.gov/online-services/business.php)
  • Payment by check or money order – Complete Form 500E and mail to the mentioned address
  • Electronic Funds Transfer - If payment is made by electronic funds transfer, do not mail

Where do I mail the extension Form 500E and Form 510E?

Q

Mail Form 500E to the following address:

Comptroller of Maryland Revenue Administration Division,
110 Carroll Street Annapolis,
MD 21411-0001.

Mail Form 510E to the following address

Comptroller of Maryland Revenue Administration Division,
110 Carroll Street Annapolis,
MD 21411-0001.