Printable Maryland Frorm 510 Template

The Maryland Form 510 is the income tax return specifically designed for pass-through entities operating in Maryland. This form is essential for S Corporations, Partnerships, Limited Liability Companies, and Business Trusts to report their income and allocate taxes correctly. Understanding how to fill out this form is crucial for compliance and ensuring accurate tax reporting.

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The Maryland Form 510 is a crucial document for pass-through entities, including S Corporations, partnerships, and limited liability companies. This form allows these entities to report their income, deductions, and tax liabilities to the state of Maryland. It is specifically designed for those entities with nonresident partners, shareholders, or members, ensuring that they comply with Maryland tax regulations. Key components of the form include the identification of the entity, the calculation of distributive or pro rata income, and the allocation of income between Maryland and non-Maryland sources. Additionally, the form requires entities to detail their ownership structure, providing information on individual residents and nonresidents. The Maryland Form 510 also includes sections for calculating nonresident tax, reporting payments, and declaring any penalties or interest due. Completing this form accurately is essential for maintaining compliance and avoiding potential penalties, making it an important responsibility for pass-through entities operating in the state.

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MARYLAND

FORM PASS-THROUGH ENTITY 510 INCOME TAX RETURN

2002

	(OR FISCAL YEAR BEGINNING	, 2002, ENDING			)

	Name				▶ Federal Employer Identification No. (9 digits)		Do not write in this space
					▶ Federal Employer Identification No. (9 digits)		Do not write in this space
PrintPlease InkBlackorBlueOnly							ME ▶

	Number and street				FEIN Applied for date
	Number and street				FEIN Applied for date
							YE ▶

	City or town		State	Zip code	▶ Date of Organization or Incorporation (MMDDYY)	▶ Business Activity Code No. (6 digits)

Staple check here

TYPE OF ENTITY:	☐ S Corporation	☐ Partnership	☐ Limited Liability Company	☐ Business Trust
CHECK HERE IF:	☐ Name or address has changed		☐ Inactive entity	☐ AMENDED RETURN
	☐ First filing of the entity		☐ Final return	☐ Manufacturing Entity

1. Number of partners, shareholders or members:
a) Individual residents (of Maryland) ___________		b) Individual nonresidents ___________ ◀ c) Others ___________ ◀ d) Total ________________◀

2.Total distributive or pro rata income per federal return (Form 1065 or 1120S) Ñ Unistate entities or multistate entities with no

▶ 2 nonresident partners, shareholders or members also enter this amount on line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ALLOCATION OF INCOME
(To be completed by multistate pass-through entities with one or more individual nonresident partners, shareholders or members Ñ unistate entities, and multistate entities with no nonresidents, go to line 4)
	▶	3a
3a. Non-Maryland income (for entities using separate accounting.) Subtract this amount from line 2 and enter the difference on line 4 . .
3b. Maryland apportionment factor from computation worksheet on Page 2 (for entities using the apportionment method.)
	▶	3b
Multiply line 2 by this factor and enter the result on line 4 (If factor is zero, enter 000001)			.
			4
4. Distributive or pro rata share allocable to Maryland	. . .	. . . . .	.

NOTE: Do not complete lines 5 through 9 if line 1b is equal to “0”; that is, if the pass-through entity has no partners, shareholders or members that are individual nonresidents of Maryland. (Investment partnerships see Specific Instructions.)

								5		.
5.	Percentage of ownership by individual nonresidents shown on line 1b (or profit/loss percentage if applicable)					▶		5
5.						. . .
6.	Distributive or pro rata share for nonresident partners, shareholders or members (Multiply line 4 by the percentage on line 5) .							▶	6
6.

7.	Nonresident tax (Multiply line 6 x 4.75%)								7
7.	Nonresident tax (Multiply line 6 x 4.75%)	. . .	.	. . . . .	. . . . . . . . . . . .	. . .
8.	Distributable cash flow limitation from worksheet on page 3 of instructions. If worksheet used, check here ☐ ◀							▶	8
8.						. . .			8

9.	Nonresident tax due (Enter the lesser of line 7 or 8)								9
9.	Nonresident tax due (Enter the lesser of line 7 or 8)	. . .		. . . . .	. . . . . . . . . . . .	. . .
PAYMENTS

10a.	Estimated pass-through entity nonresident tax paid with Form 510D	▶		10a

b.	Tentative pass-through entity nonresident tax paid with Form 510E	▶		10b
b.

c.	Total payments (Add lines 10a and 10b)	. . .		. . . . . .	. . . . . . . . . . . .	. . .	.		10c

11.	Balance of tax due (If line 9 exceeds line 10c enter the difference)	. . .		. . . . . .	. . . . . . . . . . . .	. . .	.	▶	11

12.	Interest and/or penalty (See instructions)							▶	12
12.	Interest and/or penalty (See instructions)	. . .		. . . . . .	. . . . . . . . . . . .	. . .	.		12

13.	Total balance due (Add lines 11 and 12) Pay in full with this return	. . .		. . . . . .	. . . . . . . . . . . .	. . .	.		13
NOTE: The total tax paid from line 10c must be reported either on the composite return or on the return of
the nonresident partners or shareholders. (For additional information see the instructions.)

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.

	PartnerÕs, officerÕs or memberÕs signature		Date

	Title			▶ ☐ Check here if you
	Make checks payable to: COMPTROLLER OF MARYLAND.			▶ ☐ Check here if you
	Write federal employer identification no. on check using blue or black ink.			use a paid preparer and do
	Mail to: Comptroller of Maryland, Revenue Administration Division,			not want Maryland forms
		Annapolis, Maryland 21411-0001		mailed to you next year.
COM/RAD 069		02-49

		◀

PreparerÕs signature			PreparerÕs SSN or PTIN

PreparerÕs name, address and telephone number



	CODE NUMBER	FOR OFFICE USE ONLY

MARYLAND

PASS-THROUGH ENTITY

FORM 510

INCOME TAX RETURN

2002

PAGE 2

COMPUTATION OF APPORTIONMENT FACTOR

Column 1

Column 2

Column 3

TOTALS

DECIMAL FACTOR

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

WITHIN

WITHIN AND

Column 1 Ö Column 2

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

MARYLAND

WITHOUT

( rounded to six places )

manufacturing companies. Multistate manufacturers with more than 25 employees

MARYLAND

must complete Form 500MC. See Instructions.

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)

1B. Receipts

h. Total receipts (Add lines 1A(a) through 1A(g), for Columns 1 and 2)

(Enter the same factor shown on line 1A, Column 3 Ð Disregard this line if

2. Property

special apportionment formula used.)

a. Inventory

b. Machinery and equipment

c. Buildings

d. Land

e. Other tangible assets (Attach schedule)

f. Rent expense capitalized (multiplied by eight)

3. Payroll

g. Total property (Add lines 2a through 2f, for Columns 1 and 2) . . .

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.)

PARTNERS’, SHAREHOLDERS’ OR MEMBERS’ INFORMATION (Attach continuing schedule in same format if there are more than five partners, shareholders or members)

Name and social security number or federal	Address	Check here	Distributive or	Distributive or
employer identification number		if Maryland:	pro rata share of income	pro rata share of tax paid
employer identification number		Non-	(See Instructions)	(See Instructions)
		Resident resident

ADDITIONAL INFORMATION REQUIRED (Attach a separate schedule if more space is necessary)

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 Òyes,Ó 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 reports/forms with the Maryland Revenue Administration Division for the last calendar year? . . . ☐ Yes		☐ No

COM/RAD 069

02-49

Click for Maryland Frorm 510 File

Form Attributes

Fact Name	Fact Description
Purpose	The Maryland Form 510 is used for reporting income tax for pass-through entities such as partnerships, S corporations, and LLCs.
Filing Requirement	Entities must file Form 510 if they have nonresident partners, shareholders, or members.
Tax Rate	The nonresident tax rate is set at 4.75% of the distributive or pro rata share of income allocated to Maryland.
Governing Law	This form is governed by the Maryland Tax-General Article, Section 10-402.
Deadline	The form is typically due on the 15th day of the fourth month following the end of the entity's tax year.
Amended Returns	Entities can file an amended return if they need to correct information reported on a previously filed Form 510.
Payment Instructions	Payments should be made to the Comptroller of Maryland, and checks must include the entity's federal employer identification number.
Signature Requirement	The form must be signed by a partner, officer, or member of the entity to verify its accuracy.

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