Maryland Comptroller Peter Franchot today announced that he is extending the state income tax filing deadline until July 15, 2021. No interest or penalties will be assessed if returns are filed and taxes are paid by the new deadline.
The extension, which applies to individual, pass-through entity, fiduciary, and corporate income tax returns with due dates between January 1 and July 15, 2021, inclusive, including first and second quarter estimated payments, is due to recent and pending legislation at the state and federal levels that impact 2020 tax filings and provide economic relief for taxpayers harmed by the COVID19 pandemic. This legislation creates the need for extensive revisions to previously released forms and software programs used by tax preparers and taxpayers.
As of now, the Internal Revenue Service has not changed its filing and payment deadlines. MillerMusmar CPAs is closely watching and notify clients if the IRS makes any adjustments.
Maryland Sales and Use tax returns will also be revised to reflect changes. Accordingly, the Comptroller has extended the due date of sales and use tax returns for sales taking place in March, April, and May of 2021 to July 15, 2021.
MillerMusmar CPAs is an established accounting firm with offices in Reston, Virginia, and Manassas, Virginia. We have a twenty-five-year history of providing top-quality auditing, tax, and accounting services to clients throughout the Washington Metropolitan area and internationally. By combining the expertise of a mid-sized firm with personal attention, we are both large and small enough to deliver a responsive service to our clients. For more information, please visit our website at www.MillerMusmar.com.