Printable Maryland 504 Template

The Maryland 504 form is the Fiduciary Income Tax Return used to report income for estates and trusts in the state of Maryland. This form is essential for fiduciaries managing the financial affairs of decedents' estates, simple trusts, complex trusts, and other entities. Accurate completion of this form ensures compliance with state tax regulations and proper reporting of income.

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The Maryland 504 form is a crucial document for fiduciaries managing estates or trusts in the state. This form, known as the Fiduciary Income Tax Return, is used to report income generated by estates and various types of trusts, including simple, complex, and grantor-type trusts. It requires the fiduciary to provide essential information, such as the federal employer identification number, the name and address of the estate or trust, and the fiduciary's contact details. Additionally, the form includes sections to indicate the type of entity involved, whether it is a decedent's estate or a qualified funeral trust, among others. Notably, it also addresses the residency status of the fiduciary and any beneficiaries, allowing for necessary deductions and modifications based on Maryland tax laws. The form must be completed accurately to calculate the Maryland taxable net income, which is essential for determining the tax owed. Furthermore, it provides options for contributions to various state funds, ensuring that fiduciaries can support local initiatives while fulfilling their tax obligations. Overall, the Maryland 504 form plays a vital role in the financial management of estates and trusts, ensuring compliance with state tax regulations.

Maryland 504 Preview

		MARYLAND	FIDUCIARY INCOME
		MARYLAND	FIDUCIARY INCOME
		FORM	TAX RETURN
		FORM	TAX RETURN
	504
		OR FISCAL YEAR BEGINNING		2022, ENDING

	Federal Employer Identification Number (9 digits)

	Name of Estate or Trust

Black Ink Only	Name and Title of Fiduciary

	Current Mailing Address of Fiduciary - Line 1 (Street No. and Street Name or PO Box)
Using Blue or
Using Blue or	Current Mailing Address of Fiduciary - Line 2 (Apt No., Suite No., Floor No.)
Print

2022

STAPLE CHECK HERE

	City or Town							State			ZIP Code								+4

	Country Name																Foreign Province/State/County

Foreign postal code

	TYPE OF ENTITY - Check the box(es) on the return corresponding to your federal return.
		1.	Decedent's estate	4.			Grantor type trust									7.					Electing Small Business Trust
		2.	Simple trust	5.			Bankruptcy estate									8.					Other
		3.	Complex trust	6.			Qualified funeral trust
		3.	Complex trust	6.			Qualified funeral trust

	DECEDENT'S ESTATE INFORMATION
	If Decedent's estate:
	Date of death										Decedent's Social Security Number
	Domicile of decedent													Check here if final return.								(do not enter / or -)
																						(do not enter / or -)


	RESIDENT STATUS											AMENDED RETURN
	Check box if resident and complete the following											Check applicable box(es).
	Subdivision Code															This is an amended return. (Attach documentation)
	County															Net operating loss is being carried back.
	County															Net operating loss is being carried back.
	City, town or taxing area															Name or address has changed.
	City, town or taxing area															Name or address has changed.
	Check box if nonresident. See Form 504NR
1.		Federal taxable income of fiduciary (from line 23 of federal Form 1041). See Instruction 9																				1.	.00
2.		Exemption claimed on federal return																				2.	.00
3.		.. .Income from Electing Small Business Trust (ESBT). Do Not Prorate. See Instruction 10																				3.	.00
4.		Federal taxable income plus nonallocable additions (Enter the sum of line 1 through line 3.)																			.. . . . .	4.	.00
5.		Fiduciary’s Share of Maryland Modifications (Enter the positive or negative number from Form 504																					.00
		Schedule A line 8, 9d or 10f.)			. . . . . . . . .											. . . 對						5.	.00
6.		Line 4 plus or minus line 5																				6.	.00
7.		Nonresident beneficiary deduction from Form 504 Schedule A, line 13																				7.	.00
7.																..	.	. .	. . . . . . . .	. . .	. . . . .	7.	.00
8.		.. . . . . . . .Maryland adjusted gross income (Subtract line 7 from line 6.)																. .	. . . . . . . .	. . .	. . . . .	8.	.00
9.		. .. . .Maryland exemption. See Instruction 10				.	. . .	. .	. .	. .	.	. . .	.	.	. .		.	. .	. . . . . . . .	. . .	. . . . .	9.	.00
10.		Fiduciary's Maryland taxable net income. (Subtract line 9 from line 8.)														..	.	. .	. . . . . . . .	. . .	. . . . .	10.		.00
		NOTE: Nonresident fiduciary - see instruction for Form 504NR.																						.00
11.		Maryland tax (Use rate schedule in instructions or enter amount from Form 504NR, line 21.) .. . .																				11.		.00

COM/RAD-021

	MARYLAND	FIDUCIARY INCOME		2022
	MARYLAND
	FORM	TAX RETURN		page 2
	FORM	TAX RETURN		page 2
504
NAME			FEIN

12.Special nonresident tax Nonresidents: Enter the amount from Form 504NR, line 22.

(See Instruction 14.) Residents: Enter zero. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.

13. Total Maryland tax (Add lines 11 and 12.).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.

14.Credit for fiduciary income tax paid to another state and/or credit for preservation and conservation

easements from Part AA, line 1 and Part AA, line 6 of Form 502CR (Attach Form 502CR.).. . . . 14.

15. Enter the Nonrefundable Business Tax Credits from Part AAA of Form 504CR. . . . . . . . . . . . . . . 15.

16. Total credits (Add lines 14 and 15).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.

17. Maryland Tax after credits (Subtract line 16 from line 13, if less than zero, enter zero)... . . . . . . 17.

18.Local tax (Multiply the fiduciary's Maryland taxable net income from line 10 by

19.	.0	). See Instruction 15. Non-residents: enter zero	. . .	. . . . . . . . . . .	18.

	Local Credit for fiduciary income tax paid to another state from Part BB of Form 502CR				19.
20.	Local tax after credit. (Subtract line 19 from line 18.) If less than zero, enter zero				20.
21.	Total Maryland and local tax. (Add lines 17 and 20.)		. . .	. . . . . . . . . . .	21.
22.	Contribution to Chesapeake Bay and Endangered Species Fund		22.			.00
23.	. . . .Contribution to Developmental Disabilities Services and Support Fund		23.			.00
24.	Contribution to Maryland Cancer Fund		24.			.00
25.	.. . . . . . . . . . . . . . . . . . . .Contribution to Fair Campaign Financing Fund		25.			.00
26.	Total Maryland income tax, local income tax and contributions (Add lines 21 through 25.).				26.
27.	Maryland and local tax withheld. See Instruction 17		. . .	. . . . . . . . . . .	27.

28.Estimated tax payments and payments made with extension request and

with Form MW506NRS.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.

29.Nonresident tax paid by pass-through entities.

(Attach Maryland Schedule K-1 (510/511)).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.

30.Refundable Business and/or Heritage Structure Rehabilitation tax credits

	(Attach Form 504CR and/or Form 502S.)		. . . . . . . . . .	.	. . . . . . . . . .	30.
31.	Total payments and credits (Add lines 27 through 30.)				. . . . . . . . . .	31.
32.	Balance due (If line 26 is more than line 31, enter the difference.)				. . . . . . . . . .	32.
33.	Overpayment (If line 26 is less than line 31, enter the difference.)				. . . . . . . . . .	33.
34. Amount of overpayment to be applied to 2023 estimated tax						34.
35.	.. . . . . . .Amount of overpayment to be refunded (Subtract line 34 from line 33.)				REFUND	35.
36.	Interest charges from Form 504UP	or for late filing			. . . . Total	36.
36.	Interest charges from Form 504UP	or for late filing			. . . . Total	36.
37.	TOTAL AMOUNT DUE (Add lines 32 and 36.)		. . . . . . . . . .	.	. . . . . . . . . .	37.

.00

AMENDED RETURNS

If you are filing an amended fiduciary income tax return, check the applicable boxes and draw a line through any bar codes on the front. Explain the changes you are making in the space below. Attach a copy of the amended federal Form 1041 if the federal return is being amended, and any other required documentation.

________________________________________________________________________________________________________

COM/RAD-021

	MARYLAND	FIDUCIARY INCOME		2022
	MARYLAND
	FORM	TAX RETURN		page 3
	FORM	TAX RETURN		page 3
504
NAME			FEIN
NAME			FEIN

________________________________________________________________________________________________________

DIRECT DEPOSIT OF REFUND (see Instruction 18)

Verify that all account information is correct and clearly legible. If you are requesting direct deposit of your refund, com- plete the following. For Splitting Direct Deposit, use Form 588.

Check here if this refund will go to an account outside of the United States.

Check here if you authorize the State of Maryland to issue your refund by direct deposit.

38.For the direct deposit option, complete the following information clearly and legibly:

38a.	Type of account:	38a.	Checking	Savings
38b.	Routing Number (9-digits):	38b.
38c.	Account number:	38c.
38d.	Name(s) as it appears on the bank account	. 38d.

SIGNATURE AND VERIFICATION

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.

Signature of Fiduciary or Officer representing Fiduciary	Date
Printed name of the Preparer / or Firm's name

Street address of Preparer or Firm's address

City, State, ZIP Code + 4

Signature of preparer other than fiduciary (Required by Law)

Date

Telephone number of preparer

Preparer’s PTIN (Required by Law)

Daytime telephone number (Fiduciary)

CODE NUMBERS (3 digits per line)

Nonresidents must include Form 504NR.

Make checks payable to and mail to:

Comptroller Of Maryland

Revenue Administration Division

110 Carroll Street

Annapolis, Maryland 21411-0001

(Write Your Federal Employer Identification Number On Check Using Blue Or Black Ink.)

COM/RAD-021

Click for Maryland 504 File

Form Attributes

Fact Name	Description
Form Purpose	The Maryland 504 form is used to file the fiduciary income tax return for estates and trusts in Maryland.
Governing Laws	This form is governed by the Maryland Tax-General Article, specifically sections relating to fiduciary income taxation.
Filing Requirements	Fiduciaries must file this form if the estate or trust has taxable income for the year.
Entity Types	Various entity types can use this form, including decedent’s estates, simple trusts, complex trusts, and grantor-type trusts.
Amended Returns	If changes are needed after filing, an amended return can be submitted by checking the appropriate box on the form.
Payment Options	Taxpayers can choose to have their refunds directly deposited into their bank accounts by providing account information on the form.

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