club_cafe: MD Tax filing

iras1 on

In a message dated 3/15/2007 3:40:33 P.M. Eastern Daylight Time, himarcia@bivio.com writes:

Can any of you who know so much more than I tell me if I
have to file Maryland form 510 for the club? The Federal is
simple with bivio and account synch. MD 510 is only an
informational form and I am not sure it is necessary. I did
file it last year
Thanks for the help

Assuming your club is based in MD, you do. From the instructions:

Entities Required to File. Every Maryland PTE [pass-through entity] must file Form 510, even if it has no income or the entity is inactive.

Ira Smilovitz

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Marcia Meltzer on

Thanks Ira. Though I hoped otherwise, that was the answer I expected.

Marcia

----- Original Message -----

From: IraS1@aol.com

To: club_cafe@bivio.com

Sent: Thursday, March 15, 2007 3:50 PM

Subject: Re: club_cafe: MD Tax filing

In a message dated 3/15/2007 3:40:33 P.M. Eastern Daylight Time, himarcia@bivio.com writes:

Can any of you who know so much more than I tell me if I
have to file Maryland form 510 for the club? The Federal is
simple with bivio and account synch. MD 510 is only an
informational form and I am not sure it is necessary. I did
file it last year
Thanks for the help

Assuming your club is based in MD, you do. From the instructions:

Entities Required to File. Every Maryland PTE [pass-through entity] must file Form 510, even if it has no income or the entity is inactive.

Ira Smilovitz

AOL now offers free email to everyone. Find out more about what's free from AOL at AOL.com.

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