Annual Reports and Personal Property Tax Returns must be filed by July 15, 2020, no further deadline extensions will be permitted. Here, the qualified Maryland attorneys at Snee, Lutche, Helmlinger & Spielberger, P.A. outline SDAT’s 2020 annual business filing process in the midst of COVID-19. 

SDAT Will Not Be Granting Any Further Deadline Extensions

According to SDAT’s website: 2020 Annual Reports and/or Personal Property Tax Returns must be filed for all domestic and foreign business entities with the Maryland Department of Assessments and Taxation (SDAT) by Wednesday, July 15, 2020. 

Governor Larry Hogan issued an Executive Order to extend the original deadline of April 15, 2020 by ninety (90) days in response to the COVID-19 pandemic. SDAT will not be granting any further deadline extensions for annual business filings this year. The quickest and easiest way to submit these filings is through SDAT’s Maryland Business Express website. If you do not submit these critical filings by the July 15, 2020 deadline, your business will enter into “not in good standing” status, which eventually leads to forfeiture.

Annual Report Must Be Filed to Remain in Good Standing

In order to maintain good standing status, all business entities formed, qualified or registered to do business in Maryland must file an Annual Report every year. If your business owns, leases, or uses personal property in Maryland and/or maintains a trader’s license with a local unit of government in Maryland, you must also file a Personal Property Tax Return. Due to the COVID-19 pandemic, SDAT’s offices are closed to the public until further notice. If you are unable to file your returns online utilizing Maryland Business Express, please contact our firm for assistance to be mailed in or we can file the form on line on your behalf.

If you do not file your required documents by the deadline, your business will enter into “not in good standing” status. If your domestic business entity is currently not in good standing because of failure to submit previous annual filings, you may now file up to ten (10) years of overdue Annual Reports and Personal Property Tax Returns online to regain the ability to legally conduct business in Maryland. For more information about the filings that entities are required to submit annually or to view the standing of your business, visit the Maryland Business Express webpage and review SDAT’s Good Standing Checklist. The qualified team at SLHS is here to assist you in whatever manner you desire or require.

Please contact Colleen Ferg Helmlinger of SLHS, P.A. for further assistance, at 410-893-7503 or chelmlinger@slhslaw.com. We are open for business and here to help!