Maryland Comptroller Peter Franchot has extended the filing deadline for 2020 income tax returns from Pass-Through Entities (PTEs) to Sept. 15, 2021, due to new laws requiring extensive changes to PTE tax forms.
Provisions in both SB496 and SB787 required the comptroller to revise the tax year 2020 PTE forms and to create a new Form 511 for Electing Pass-Through Entities. PTE forms are expected to be available through software vendors soon, but the comptroller’s office cannot guarantee the date of availability of forms through any third-party vendor.
Taxpayers who file PTE returns and pay any outstanding liabilities by September 15 will not be charged interest or pay a penalty. No further action is required for PTEs to receive this waiver; it will be automatically granted.
This waiver is limited to late payment interest and late payment penalty and does not apply to interest or penalty charged on the underpayment of estimated tax.
Standard extensions of time to file Maryland PTE returns (November 15 for S-Corps and October 15 for all other PTEs) may still be requested using Form 510E. Any other questions or requests can be submitted to the Controller’s office at PTEREQUEST@marylandtaxes.gov.