On December 14, 2017, the State Department of Assessments and Taxation (SDAT) posted a release regarding changes to the annual business filing process.  The current Form 1 will be separated into an Annual Report and a Personal Property Tax Return. The reason for this change is because a majority of Maryland entities do not have personal property and will not be required to file the Personal Property Tax Return section.  Also, Forms 4A, 4B and 4C that pertained only to entities with personal property will be eliminated beginning in 2018. These forms were too detailed and rigid for filers to easily submit information, and any information relevant to the Personal Property Tax Return can still be submitted as an attachment and may be requested by SDAT.

The three forms to be eliminated are:

  • Form 4A Balance Sheet
  • Form 4B Depreciation Schedule
  • Form 4C Disposal & Transfer Reconciliation.

More information on these changes and examples of the 2018 forms to be filed by April 15 is available here.

Requests for 60-day extensions from April 15 to June 15 to file the Annual Report and Personal Property Tax Return may be submitted online only until Monday, April 16. More information is available here.

SDAT’s Maryland Business Express also posted an announcement that Personal Property Tax Returns may not be filed between January 1 and January 28 due to maintenance. Filings started but not completed prior to January 1 will not be able to be submitted online. A 2017 Personal Property Return that was not submitted prior to January 1 will require submission of paper forms to SDAT. Paper forms can be accessed here.

Please contact Colleen Ferg Helmlinger at SLHS if you have any questions or need assistance with these new filings. She can be reached at 410-893-7500 or at: chelmlinger@slhslaw.com