MD Comptroller 502 2015 free printable template

If MD tax is withheld and attach. 41. 2015 estimated tax payments amount applied from 2014 return payment made with an extension request and Form MW506NRS. OR FISCAL YEAR BEGINNING 2015 ENDING Your Social Security Number Print Using Blue or Black Ink Only RESIDENT INCOME TAX RETURN MARYLAND FORM Spouse s Social Security Number Your First Name Initial Your Last Name Spouse s First Name Maryland County Spouse s Last Name City Town or Taxing Area Name of county and incorporated city town or...

How to fill out MD Comptroller 502

How to fill out MD Comptroller 502

1. Obtain the MD Comptroller 502 form from the official Maryland Comptroller's website or your local tax office.
2. Fill in your personal information, including name, address, and Social Security number.
3. Indicate your filing status and any dependent information, if applicable.
4. Enter your total income for the tax year, including wages, salaries, and other income sources.
5. Deduct any eligible expenses or exemptions according to the state guidelines.
6. Calculate your taxable income by subtracting deductions from total income.
7. Determine the amount of tax owed using the Maryland tax tables provided on the form or the website.
8. Sign and date the form to certify that the information provided is correct.
9. Submit the completed form by the specified due date, either electronically or by mail.

Who needs MD Comptroller 502?

1. Individuals or entities who are required to report income and pay taxes to the state of Maryland.
2. Residents of Maryland who earn income and file state tax returns.
3. Businesses operating in Maryland that need to report income and deductions.

• Who needs the Comptroller 502 form?
• What is the 502 form for?
• Should the form be accompanied by any other documents?
• • When is the form due?
  • Where do I send the completed Resident Income Tax Return?

Who needs the Comptroller 502 form?

The Comptroller 502 form is a State of Maryland form specifically designed by the Department of Revenue to enable State residents and part-year residents to file their Resident Income Tax Returns. Generally, all individuals whose permanent place of residence is or was in Maryland in 2015 or who maintained a place to live for over six months of the tax year and were physically present in Maryland for at least 183 days are supposed to file the 502 form. The part-year residents who began or ended residence in the state must also file the given Resident Income Tax Return with minor exceptions that can be checked in the instructions

What is the 502 form for?

Filing the income tax return allows the resident to report yearly income made in the state and pay due taxes or receive a refund for overpayment.

Should the form be accompanied by any other documents?

The report income in Maryland, except for the 502 form (or 502B whichever is relevant), a resident is to submit the following documents:

• Form 588 (in case of election to get the refund deposited to two or more accounts);
• Forms W-2(s) or 1099(s) (reflecting the amount of Maryland tax withheld);
• Schedules K-1 (also explaining Maryland tax withheld and/or providing information about Maryland tax credit).

If a resident is claiming credits or subtractions, additional schedules can be required according to the instructions.

When is the form due?

Along with all the supporting documents, the MD 502 form must be submitted by April 2016 for the tax year 2015.

Where do I send the completed Resident Income Tax Return?

The filled out form and the supporting documentation must be delivered to the Comptroller of Maryland, Revenue Administration Division, Taxpayer Service Section at the address: 110 Carroll Street, Annapolis, MD 21411. In case the filer has a balance due, a money order or check (bearing the resident’s SSN) payable to the MD Comptroller must be included too.

Instructions and Help about MD Comptroller 502

All righty welcome back, so we're going to go over the state tax return now that we've finished our federal return so on the state tax return this is amazing as it may sound it's twice as long as a federal return, so there's four pages on the state return there's two on uh the federal return but just with um you had with the federal return you're going to have line by line instructions, so it's going to talk to you about line one through five in terms of your filing status this booklet will come through we will need to do this dependent tax worksheet uh because somebody has to claimed us somebody has claimed us as a dependent on our federal return, so we'll need to do that as well remember that you'll need your w-2 when you get your w-2 you'll get numerous copies but down here at the bottom is the state information that we will need to fill out so on your state tax return you are going to fill in your name up here at the top first letter of your middle name your last name and your social security and for this...

People Also Ask about

What is line 17 on Maryland form 502?

Actually, on line 17, you claim either the Standard Deduction or your Itemized Deductions. $4,700 would be a common amount to be entered on the line. If you are not itemizing, your deduction on line 17 would be your Standard Deduction amount.

Who must file Virginia form 502?

S Corporations, Partnerships, and Limited Liability Companies. Every pass-through entity (PTE) that does business in Virginia or receives income from Virginia sources must file an annual Virginia income tax return on Form 502 or Form 502PTET.

What is Maryland form 505?

Maryland uses Form 505 to file a composite return on behalf of nonresident partners. There are two processing options. Go to the Partners > Partner Information worksheet. In the Summary grid, select the name or number of the appropriate partner.

What is form 502 on Maryland income tax return?

Choose the Right Income Tax Form If you are a Maryland resident, you can file long Form 502 and 502B if your federal adjusted gross income is less than $100,000. If you lived in Maryland only part of the year, you must file Form 502. If you are a nonresident, you must file Form 505 and Form 505NR.

What is tax form 502?

Publication 502 explains the itemized deduction for medical and dental expenses that you claim on Schedule A (Form 1040), including: What expenses, and whose expenses, you can and cannot include in figuring the deduction.

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What is MD Comptroller 502?

MD Comptroller 502 is a tax form used in the state of Maryland for reporting income tax withheld from employees' paychecks, as well as certain other tax-related information.

Who is required to file MD Comptroller 502?

Employers in Maryland who withhold income tax from employee wages are required to file MD Comptroller 502.

How to fill out MD Comptroller 502?

To fill out MD Comptroller 502, employers must provide information about their business, the total amount of wages paid, the amount of income tax withheld, and any applicable identifying numbers.

What is the purpose of MD Comptroller 502?

The purpose of MD Comptroller 502 is to ensure accurate reporting of income tax withheld by employers, and to remit the appropriate amount of tax to the state.

What information must be reported on MD Comptroller 502?

The information that must be reported on MD Comptroller 502 includes the employer's identification details, total wages paid, the total income tax withheld, and the corresponding periods for which the amounts are reported.