Annual Report Filing
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An Annual Report must be filed by all business entities formed, qualified or registered to do business in the State of Maryland, as of January 1st. • WHO MUST FILE THE ANNUAL REPORT • WHERE TO FILE The Annual Report is a required filing for all business We have expanded the types of entities that can file entities, regardless of whether the business owns online this year through Maryland Business property, generates income or has conducted Express. Please visit the website to learn more: business activity in Maryland during the preceding (https://egov.maryland.gov/BusinessExpress year. This includes the following entity types, both Filings may be submitted in person by visiting our Domestic and Foreign: Public Services Center at our Headquarters in Stock, Tax Exempt Non-Stock, Non-Stock, Baltimore. The address is: Religious, Close, Benefit and Professional Corporations, State of Maryland - State Center 301 W. Preston Street, Room 801 Limited Liability Companies & Benefit LLCs, Baltimore, Maryland 21201 Limited Liability Partnerships, Limited Partnerships & Limited Liability Limited Filings may also be submitted by mail. Be sure to sign Partnerships, the Annual Report and include a check or money Statutory (Business Trusts), Real Estate order for the full amount of any required filing fee. Investment Trusts Send the completed package to: Failure to file the Annual Report may result in the Maryland Dept. of Assessments and Taxation forfeiture of the entity’s right to conduct business in Annual Report the State of Maryland. PO Box 17052 Baltimore, Maryland 21297-1052 REMINDER: To ensure proper filing, include your SDAT Department ID on your report, where requested, and on All other correspondence, including Amended Annual all communications with SDAT. Annual Reports filed Reports, should be sent to: without a Department ID will be not be accepted, Maryland Dept. of Assessments and Taxation causing delays and possible late fees. Charter/Legal Division 301 W. Preston Street, Room 808 • WHEN TO FILE Baltimore, Maryland 21201-2395 The deadline to file for 2018 is April 16th. (April 15th falls on a Sunday this year.) Annual Reports that are • FILING FEES postmarked by COB on April 16th will be considered The filing fee for most business entities is $300. The timely. fee must accompany the Annual Report in order for You may request a 60 day extension of the filing the report to be accepted by SDAT. Failure to include deadline, at no cost, by visiting the filing fee will result in SDAT not accepting the http://pprextensions.dat.maryland.gov/ Extension report which may cause delays and/or late filing fees. requests must be made before April 16th. Form 1 Instruction (2.2018.10) Page 1 of 8 • FILING FEES (con’t) A business which files the Form 1 after the April 16th due date (June 15 for those with approved ID # Filing Types of Business extensions).will receive an initial penalty of 1/10 of Prefix Fee one percent of the county assessment, or the base Domestic Stock Corporation D $300 penalty, whichever is greater. Interest will accrue at Foreign Stock Corporation F $300 the rate of 2% of the initial penalty amount for each Domestic Non-Stock Corporation D $0 thirty (30) day period, or part thereof, that the Form Foreign Non-Stock Corporation F $0 1 is late. Foreign Insurance Corporation F $300 • WHAT ADDRESS TO USE Foreign Interstate Corporation F $0 For the purpose of the Annual Report and Personal Domestic Limited Liability Company W $300 Property Tax Return, use the business’ mailing Foreign Limited Liability Company Z $300 address in Section I of the form. Domestic Limited Partnership M $300 The business’ mailing address may also be changed Foreign Limited Partnership P $300 when submitting the Annual Report. Insert the new Domestic Limited Liability Partnership A $300 mailing address in the address fields in Section I, and Foreign Limited Liability Partnership E $300 check the box to indicate that this is “a change of Domestic Statutory Trust A $300 mailing address.” Foreign Statutory Trust S $300 A business’ mailing address may be any US Post Office Real Estate Investment Trust D $300 recognized address, including non-Maryland SDAT Certified Family Farm A,D,M.W $100 addresses, addresses in foreign countries and post Amended Returns ALL $0 office boxes. The filing fee must be paid regardless of whether the • PERIOD COVERED BY ANNUAL REPORT AND business owns property in Maryland, generates any PERSONAL PROPERTY TAX RETURN income in Maryland or conducts any business in Maryland. All reports cover the calendar year regardless of the business’ fiscal year. Checks and money orders should be made payable to “SDAT” and include the business’ SDAT Department All information required to be reported shall be as of ID. January 1 of the filing year, except for items which specifically ask for information from prior years. Corporations not authorized to issue capital stock are not required to pay a filing fee. The filing fee for SDAT Certified Family Farms is $100 INFORMATION AND ASSISTANCE beginning the year following its election to become a Family Farm. PERSONAL PROPERTY UNIT Internet Site …..………...…………….….. www.dat.maryland.gov Form preparation and assessment procedures: Corporations, • LATE FILING PENALTIES LLCs, LLPs, Business Trusts, REITs ..…….……. (410) 767-1170 If the business files their Annual Report after the Extensions ………….……………..………. www.dat.maryland.gov deadline, it may be subject to late filing penalties. The E-mail Address ………………..… [email protected] penalties cannot be prepaid and can only be calculated after the Personal Property Tax Return is Toll Free within Maryland ……….……………..…. (888)-246-5941 MRS …………………..………………. 1-800-735-2258 TT/VOICE filed. If the business is assessed any late filing (Maryland Relay Service for speech And hearing impairment) penalties, it will be notified by mail after the assessment is complete. The following minimum and CHARTER UNIT maximum initial (base) penalty amounts apply: Internet Site …………...………………..… www.dat.maryland.gov Charter Information …………………………….…. (410) 767-1330 Days Late Minimum Maximum Incorporated, Qualifications, Revivals & Dissolutions ………………………………….…….. (410) 767-1350 01-15 $30 $500 E-mail Address ……..…….… [email protected] 16-30 $40 $500 Toll Free within Maryland ……………………..…. (888)-246-5941 31 or more $50 $500 MRS …………………………….……. 1-800-735-2258 TT/VOICE (Maryland Relay Service for speech And hearing impairment) Form 1 Instruction (2.2018.10) Page 2 of 8 COMPLETING THE ANNUAL REPORT • SECTION III All business entities must complete this section. If the To start your Annual Report (Form 1), check the appropriate box for the business type at the top of the answer to both questions is “No”, only the Annual form and note the associated filing fee for your Report must be filed with SDAT. If the answer to business type. either question is “Yes,” the business must also complete the Personal Property Tax Return. • SECTION I A. Check “Yes” if the business entity owns, leases or All business entities must complete this section. If any uses any property other than real estate, item is inapplicable, leave that item blank or insert intellectual property or vehicles registered with “N/A.” the MVA, and that property is located in the State of Maryland. Here, the term “Personal Property” • Insert the full, legal name of the business entity, is used as a term of art and specifically includes including any tails. (Required) property owned by the business, leased by the • Insert the SDAT Department ID. If you do not business or used by business, even if that know your Department ID, you can look it up on property is owned by another business or Maryland Business Express: individual. “Personal property” includes (https://egov.maryland.gov/BusinessExpress/Ent computers, phones, cell phones, furniture, itySearch.) (Required) draperies, inventory, equipment, tools, machines, • Insert the entity’s FEIN (federal tax identification books, artwork, supplies and fixtures. Only check number obtained from the IRS). “No” if the company does not use, lease or own • Insert the name of the State or jurisdiction where any property that is located in the State of the business was formed. Maryland. • Insert the business entity’s Federal Principal B. Check “Yes” if the business has or is required to Business Code (obtained from the IRS.) have a Trader’s License (sometimes called a (Required) business license) issued by the Circuit Court for the county or counties in which the business has • Insert the trading-as-name (DBA) that the business uses, if any. locations. • Insert the complete mailing address for the • SECTION IV business. If this is a new mailing address, check This is the signature part of the form and all business the box to the left. entities must complete this section. You cannot change the Principal Office or Resident If you are mailing the form, original signatures are Agent address using this method. Please consult website required. Photocopies, confirmed signatures, faxes, for instructions on how to do that. scans or any type of signature other than an original, • Insert an email address in order to receive ink signature are not acceptable. This form is signed important reminders from SDAT. under oath and subject to the penalties of perjury. Please review it carefully for accuracy before you sign • SECTION II and submit it! Only complete this section if the business entity is a corporation (domestic or foreign). If the business A. Only complete this item if you are preparing the entity is not a corporation, skip this section and return for, or on behalf of, the business entity, proceed to Section III. and are not a constituent of the business. Generally, this item is for accountants, tax A. Provide the names and mailing addresses of all preparers and attorneys. corporate officers. All domestic corporations B. This item must be completed by all business must have a President, Secretary and Treasurer.