MARYLAND
FORM
500D
CORPORATION DECLARATION OF
ESTIMATED INCOME TAX
INSTRUCTIONS
COM/RAD-002
2020
Purpose of Form Form 500D is used by a corporation to
declare and remit estimated income tax.
Corporations expected to be subject to estimated tax
requirements should use Form 500D to remit any payment
due.
NOTE: Do not use this form to remit estimated tax for Form
510 or to remit employer withholding tax.
General Requirements Every corporation that reasonably
expects its Maryland taxable income to develop a tax in
excess of $1,000 for the tax year or period must make
estimated income tax payments. The total estimated tax
payments for the year must be at least 90% of the tax
developed for the current year or 110% of the tax that was
developed for the prior year to avoid interest and/or
penalty. At least 25% of the total estimated tax must be
remitted by each of the installment due dates. The
annualization method for calculating estimated tax is not
permitted for corporations.
In the case of a short tax period, the total estimated tax
payment required is the same as for a regular tax year: 90%
of the tax developed for the current (short) tax year or
110% of the tax that was developed for the prior tax year.
The minimum estimated tax for each of the installment due
dates is the total estimated tax required divided by the
number of installment due dates occurring during the short
tax year. However, if the corporation has a short tax period
of less than 4 months, it does not have to pay estimated
tax nor file Form 500D.
Maryland law provides for the accrual of interest and
imposition of penalty for failure to pay any tax when due.
If it is necessary to amend the estimate, recalculate the
amount of estimated tax required using the estimated tax
worksheet provided. Adjust the amount of the next
installment to reflect any previous underpayment or
overpayment. The remaining installments must be at least
25% of the amended estimated tax due for the year.
Consolidated returns are not allowed under Maryland law.
Affiliated corporations that file a consolidated federal return
must file separate Maryland declarations for each member
corporation.
When to File File Form 500D on or before the 15th day of
the 4th, 6th, 9th and 12th months following the beginning
of the tax year or period. In addition to payments with Form
500D, the corporation may partially or fully apply any
overpayment from the prior year Form 500 – Maryland
Corporation Income Tax Return to the estimated tax
obligation for this year.
Tax Year or Period Enter the beginning and ending dates
of the tax year in the space provided.
The same tax year or period used for the federal return
must be used for Form 500D.
Name, Address and Other Information Type or print
the required information in the designated area.
Enter the name exactly as specified in the Articles of
Incorporation, or as amended, and continue with any
“Trading As” (T/A) name if applicable.
Enter the Federal Employer Identification Number (FEIN). If
the 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.
Payment Instructions Enter the amount of estimated tax
paid in the space provided. Include a check or money order
made payable to Comptroller of Maryland. All payments
must indicate the FEIN, type of tax and tax year beginning
and ending dates. DO NOT SEND CASH.
You may pay your estimated tax using one of the following
methods:
1) Electronic Funds Transfer Taxpayers must register
before using this method. To obtain a registration form,
visit www.marylandtaxes.gov or call 410-260-7980.
If payment is made by electronic funds transfer, do not
mail Form 500D; retain it with the company’s records.
2) Filing Electronically Taypayers may file using the
Modernized Electronic Filing method (software provider
must be approved by the IRS and Revenue
Administration Division). If filed electronically, do
not mail Form 500D; retain it with the company’s
records.
Taxpayers making payments of $10,000 or more must
use one of these two electronic methods. If you need to
make additional payments for the current tax year, you
may file electronically, or, you can visit www.
marylandtaxes.gov and download another Form
500D.
3) Mailing Instructions Mail payment and completed
Form 500D to:
Comptroller of Maryland
Revenue Administration Division
110 Carroll Street
Annapolis, MD 21411-0001
