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Visitor III

Estimated Tax Payments (Maryland State)

Hi,

 

I used the turbo-tax delux option for calculating my tax liability on my fellowship earning. It created 4 vouchers for me to pay to the state as form 502DEP. Do i just sent the cheque with the voucher to the maryland controller or do i need to attach my form 505 and IND PV ? My form 505 says 

 

For returns filed with payments, attach check or money order to Form IND PV. Make checks payable to Comptroller of Maryland. Do not attach Form IND PV or check/money order to Form 505. Place Form IND PV with attached check/money
order on TOP of Form 505 and mail to:
Comptroller of Maryland
Payment Processing
PO Box 8888
Annapolis, MD  21401-8888

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Catalyst V

Estimated Tax Payments (Maryland State)

The 505 is for paying your yearly balance on your tax liability when you file your state tax return *IF* you owe the state any money.

The 502 is for paying your quarterly tax payments only. For the quarterly payments, the absolute only thing that will be in the envelope you mail to the comptroller, will be your for 502 and your check made payable to Comptroller of Maryland. That's it.

4 Comments
Catalyst V

Estimated Tax Payments (Maryland State)

The 505 is for paying your yearly balance on your tax liability when you file your state tax return *IF* you owe the state any money.

The 502 is for paying your quarterly tax payments only. For the quarterly payments, the absolute only thing that will be in the envelope you mail to the comptroller, will be your for 502 and your check made payable to Comptroller of Maryland. That's it.

Visitor III

Estimated Tax Payments (Maryland State)

Thank you for your reply Carl. So, its just the 502DEP1 + cheque, 502DEP2 + cheque........504DEP4 + cheque? This is how i should mail my payments to the state?

 

Thanks again,

 

Abhijeet.

Visitor III

Estimated Tax Payments (Maryland State)

The 502DEP's are the vouchers created by turbotax.

Catalyst V

Estimated Tax Payments (Maryland State)

Yes, and you will send that to the state each quarter.

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