90-day spe­cial tax filing ex­ten­sion ends July 15

The Dundalk Eagle - - BY THE PEOPLE -

Comptrolle­r Peter Fran­chot re­minds in­di­vid­ual and cor­po­rate in­come tax­pay­ers who took ad­van­tage of a 90-day tax filing ex­ten­sion that the new due date for filing and pay­ment is July 15.

Ear­lier this year, the Comptrolle­r took the un­prece­dented step of ex­tend­ing tax dead­lines to mid-July to ease the bur­den on fam­i­lies and small busi­nesses af­fected by COVID-19.

“The coro­n­avirus pan­demic has been both a pub­lic health cri­sis and an eco­nomic catas­tro­phe for many fam­i­lies and small busi­nesses,” Comptrolle­r Fran­chot said. “The 90-day ex­ten­sion hope­fully pro­vided some fi­nan­cial re­lief to help Mary­lan­ders get through this enor­mously chal­leng­ing pe­riod.

“As al­ways, my of­fice will con­tinue to work with tax­pay­ers who are fac­ing dif­fi­cult fi­nan­cial cir­cum­stances.”

In­di­vid­ual, cor­po­rate, passthroug­h en­tity, es­tate and fidu­ciary tax­pay­ers who file and pay by the July 15 due date will re­ceive a waiver of in­ter­est and penal­ties. Tax­pay­ers may re­quest an ex­ten­sion to file un­til Oc­to­ber 15, but they must pay what is owed or es­ti­mated to owe on July 15.

Pay­ments re­ceived af­ter July 15 — ei­ther par­tial or in full — will be sub­ject to penal­ties and in­ter­est on the amount due.

So far this year, 2.5 mil­lion elec­tronic and pa­per re­turns have been filed with $1.93 bil­lion in re­funds is­sued. An av­er­age re­fund is $1,000. Typ­i­cally, 3.2 mil­lion re­turns are filed each year.

The July 15 ex­ten­sion also ap­plies to cer­tain busi­ness re­turns that had due dates dur­ing the months of March, April, May and June 2020.

This im­pacts busi­nesses filing sales and use tax, with­hold­ing tax and ad­mis­sions & amuse­ment tax, as well as al­co­hol, to­bacco and mo­tor fuel ex­cise taxes, tire re­cy­cling fees and bay restora­tion fees.

Those fil­ings and pay­ments are also due on July 15.

In­di­vid­ual and cor­po­rate tax­pay­ers who need as­sis­tance are en­cour­aged to make an ap­point­ment at one of our nine re-opened branch of­fices. Ap­point­ments can be made on­line at www.mary­land­taxes. gov.

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