Maryland Comptroller Announces New Tax Deadline for Pass-Through Entities

If you’re a Maryland Pass-Through Entities (PTE), you can breathe a little easier. On Wednesday, June 30th, Comptroller Peter Franchot announced that his office will postpone the filing deadline for 2020 income tax returns from PTEs to September 15, 2021.
Here’s what we know:
We are still awaiting direction on whether or not 2021 estimates for entities and individuals will be affected by this new deadline.
This news comes on the heels of yet another big announcement from the Comptroller’s office. The long-awaited final versions of Form 511 and Form 510 and their related instructions have been released and are now available on the Comptroller’s website. In addition, the new form and instructions clarify what is included in the calculation of the PTE tax.
As with any new tax announcement or postponement, there are still many questions. Ellin & Tucker’s expertise with multi-state tax compliance and planning will point you in the right direction to get the answers you need.
We will continue to update this article with new information as it becomes available.
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