Section 10-823 – Extensions for Filing Returns
If the Comptroller finds that good cause exists and subject to § 13-601 of this article, the Comptroller may extend the time to file an income tax return: (1) up to 6 months for an individual or, if an individual is out of the United States, up to 1 year; and (2) up to 7 months for […]
Section 10-912 – Payments Required on Sale of Property by Nonresidents
(a) (1) In this section the following words have the meanings indicated. (2) (i) Except as provided in subparagraph (ii) of this paragraph, “net proceeds” means the total sales price paid to the transferor less: 1. debts of the transferor secured by a mortgage or other lien on the property being transferred that are being paid upon the sale or […]
Section 10-824 – Income Tax Return Preparer Requirements
(a) (1) In this section the following words have the meanings indicated. (2) (i) “Income tax return preparer” means a person who for compensation prepares a substantial portion or more of a qualified return or employs one or more persons to prepare for compensation a substantial portion or more of a qualified return. (ii) “Income tax return preparer” does not […]
Section 10-913 – Earned Income Tax Credit
(a) (1) On or before January 1 of each calendar year, the Comptroller shall publish the maximum income eligibility for the earned income tax credit under § 10–704 of this title for the calendar year. (2) The Comptroller shall prepare a notice that meets the requirements of subsection (b) of this section and mail the notice to all […]
Section 10-825 – Reportable Payment Transactions by Third-Party Settlement Organization — Information Required
(a) In this section, “participating payee”, “reportable payment transaction”, and “third–party settlement organization” have the meanings stated in § 6050W of the Internal Revenue Code. (b) Notwithstanding the filing threshold under § 6050W of the Internal Revenue Code, a third–party settlement organization shall report to the Comptroller and a participating payee required to file a return or […]
Section 10-827 – Information Return — When Federal Information Return Not Filed
Each person making payments not reported on a federal information return shall complete and file with the Comptroller an information return that reports annuities, dividends, interest, premiums, rent, or other income, including salary, wages, or other compensation for personal services that are not subject to the withholding tax under Subtitle 9 of this title.
Section 10-828 – Information Return — When Federal Information Return Filed
Notwithstanding § 1-302 of the Financial Institutions Article, if the Comptroller requests, a person, including a financial institution, who files a federal information return shall verify or report the items reported in a federal information return.
Section 10-829 – Copy of Information Return to Recipient of Payment
A person who pays salary, wages, or other compensation for personal services for which income tax is not withheld shall give the payee 2 copies of the information return required by § 10-827 of this subtitle.
Section 10-830 – Sale of Real Estate by Nonresident
Any real estate reporting person who is required to file a return under § 6045 of the Internal Revenue Code shall file a copy of that return with the Comptroller if: (1) the vendor is a nonresident; and (2) the real property sold is located in this State.
Section 10-901 – Payment Required
(a) Except as otherwise provided in this subtitle, an individual, a partnership, or a corporation that has Maryland taxable income in a taxable year shall pay the income tax on that income with the return that covers that year. (b) Except as provided in § 10-820(a)(3) of this title, if an individual files a Maryland income tax […]