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Maryland Business Tax Filings Extended Due to Coronavirus Economic Impact: Income Tax Deadline Will Follow Federal Guidance

March 16, 2020

 

In an effort to help businesses that have been economically impacted by the Wuhan coronavirus [COVID-19], Comptroller Peter Franchot announced he will extend business-related tax filing deadlines.

 

The June 1 extension will be for certain business returns with due dates during the months of March, April and May 2020. The Comptroller's press release states that this applies to businesses filing sales and use tax, withholding tax, admissions and amusement tax, as well as alcohol, tobacco and motor fuel excise taxes. Tire recycling fees and bay restoration fee returns are also included. The Maryland Personal Property Tax and Annual Report is administered by the State Department of Assessments and Taxation and is not covered by the Comptroller's announcement.

 

Business taxpayers who file and pay by the extended due date will receive a waiver of interest and penalties. If the IRS extends its April 15 filing deadline for corporate and individual income tax returns, Maryland will conform to the decision of the IRS according to officials.

 

“Our state’s top priority is safeguarding public health for Marylanders, but we must also protect the financial health of our economy,” said Comptroller Franchot. “This extension will provide much-needed relief to our business owners as they adjust to changes in consumer behavior, tourism trends and employee workforce output. Maryland will also extend our corporate and individual income tax return filing deadlines if the IRS announces an extension.”

 

Email taxpayerrelief@marylandtaxes.gov for businesses tax extension-related questions, or us at inquiry@njcpaccounting.com. Business owners can also call the Comptroller’s Ombudsman at 410-260-4020, or our offices at 301-841-0209.

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