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This form is used to report the fiduciary’s share of Maryland modifications for the income tax return for the year 2023. It outlines the process for fiduciaries to complete their tax obligations

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What is form 504?

Form 504 is a tax form used by certain organizations and businesses to report income and other financial information to the IRS.

Who is required to file form 504?

Generally, organizations that qualify for tax-exempt status under section 501(c)(3) of the Internal Revenue Code are required to file Form 504.

How to fill out form 504?

To fill out Form 504, organizations should gather their financial records and follow the instructions provided on the form, ensuring all sections are completed accurately.

What is the purpose of form 504?

The purpose of Form 504 is to provide the IRS with information needed to verify the financial activities and compliance of tax-exempt organizations.

What information must be reported on form 504?

Form 504 requires reporting of income, expenses, assets, liabilities, and other financial data relevant to the organization's operations.

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