UPDATE: Maryland Form 511

UPDATE: Maryland Form 511 | Tax Accountants in Baltimore County | Weyrich, Cronin & Sorra

There has been an update to our previous news brief regarding the Maryland Form 511 .

Comptroller Peter Franchot has announced Maryland Pass-Through Entities (PTEs) are now extended through September 15, 2021 for 2020 income tax returns. This additional two month extension is automatic and requires no additional action for it to be granted for a PTE. Maryland will not assess any penalties or interest if liabilities for these returns are paid by September 15th.

Additional Details

While the extension applies to 2020 PTE returns and related payments, 2021 Q1 & Q2 estimated payments for PTE’s and individuals were not extended and remains due July 15th. In addition 2020 individual Maryland tax returns are not impacted by this announcement and will require a formal extension and payment before the July 15th due date. Individuals whose returns cannot be filed until a PTE files and issues them a Schedule K-1, may request a waiver of penalties and interest.

For the Comptroller’s full message please read more here.

As always, please do not hesitate to call our offices for additional information and to speak to your representative about how this could affect your situation.

Recent News

tax relief


Comptroller Franchot Extends Tax Relief in Wake of Tornadoes, Flash Floods

In the wake of the severe storms on Wednesday in several parts of Maryland, Comptroller Franchot has extended tax relief to businesses. The Comptroller's…
I95 Feature: Aligning Tax & Wealth Planning with Jeffrey Jacobson | Tax Accountants in Baltimore City | Weyrich, Cronin & Sorra


I95 Feature: Aligning Tax & Wealth Planning with Jeffrey Jacobson

WCS Partner, Jeffrey Jacobson, CPA, Esq recently contributed to I95 Business magazine. "Aligning Tax and Wealth Planning" explores important…
IRS Issues ERC Guidance as Congress Mulls Early Termination | Business Consulting Services in Harford County | Weyrich, Cronin & Sorra


IRS Issues ERC Guidance as Congress Mulls Early Termination

The IRS has published new guidance on the Employee Retention Credit (ERC). The credit was created in March 2020 to encourage employers to keep…

Connect with us

Use the form below to send us an email. WCS responds directly to all inquiries and general questions within 24 hours of posting.

This contact form is deactivated because you refused to accept Google reCaptcha service which is necessary to validate any messages sent by the form.