Tag: Taxes

Maryland’s Comptroller Urges Businesses To Use TeleFile To Report Zero Taxes Due


Automated 24/7 access will satisfy filing requirements

ANNAPOLIS, MD – Businesses temporarily closed due to COVID-19 are encouraged to take advantage of the Comptroller of Maryland’s Business TeleFile system. This automated system is available 24 hours per day, seven days a week and streamlines the filing of sales and use tax, as well as withholding taxes when no taxes are owed for a filing period.

One phone call, placed at the convenience of the filer, prevents unnecessary delinquent notices and keeps them focused on operations and sales.

“Businesses have been hit hard by this pandemic and they don’t need any undue burden placed upon them,” Comptroller Franchot said. “Business TeleFile is the fastest, easiest way to meet filing requirements, while allowing owners to focus on re-opening their businesses and keep Maryland’s economy going.”

The process is straightforward. Businesses simply need their 8-digit Maryland central registration number when they call 410-260-7225 to file zero tax due employer withholding or sales and use tax reports by telephone.

For more information contact us at taxhelp@marylandtaxes.gov or visit our website:
https://www.marylandtaxes.gov/business/income/filing-information.php

Comptroller Franchot: SALES & USE TAX NOT DUE TODAY Business-Related Tax Filing Deadlines extended to June 1st

ANNAPOLIS, Md. (March 20, 2020) – To assist businesses affected by the economic impact of COVID-19, Comptroller Peter Franchot wants to remind business owners that he has extended business-related tax filing deadlines. Sales and Use Tax payments that typically would be due today do not have to be paid until June 1, 2020.

The extension applies to certain business returns with due dates during the months of March, April and May 2020 for businesses filing sales and use tax, withholding tax, and admissions & amusement tax, as well as alcohol, tobacco and motor fuel excise taxes, tire recycling fee and bay restoration fee returns.

Business taxpayers who file and pay by the extended due date will receive a waiver of interest and penalties.

“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.”

The Maryland Comptroller’s Office also will offer a 90-day extension of income tax payments from April 15 to July 15, 2020. Comptroller Franchot said both Maryland individual and corporate income taxpayers will be afforded the same relief for state income tax payments. No interest or penalty for late payments will be imposed if 2019 tax payments are made by July 15, 2020.

Fiscal year filers with tax years ending January 1, 2020 through March 31, 2020 are also eligible for the July 15, 2020 payment extension. The due date for March quarterly estimated payments is extended to July 15, 2020.

The agency has set up a dedicated email address — taxpayerrelief@marylandtaxes.gov — to assist businesses with extension-related questions. Business owners can also call the Comptroller’s Ombudsman at 410-260-4020.

Franchot Announces Extension of Business Tax Filing Deadlines

Any change to individual income tax return filing deadline dependent on IRS action

ANNAPOLIS, Md. (March 11, 2020) – To assist businesses affected by the economic impact of COVID-19, Comptroller Peter Franchot today announced he will extend business-related tax filing deadlines. The June 1st extension applies to certain business returns with due dates during the months of March, April and May 2020 for businesses filing sales and use tax, withholding tax, and admissions & amusement tax, as well as alcohol, tobacco and motor fuel excise taxes, tire recycling fee and bay restoration fee returns.

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 15th filing deadline for corporate and individual income tax returns, Maryland will conform to the decision of the IRS.

“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.”

The agency has set up a dedicated email address — taxpayerrelief@marylandtaxes.gov — to assist businesses with extension-related questions. Business owners can also call the Comptroller’s Ombudsman at 410-260-4020.