Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&subscription?

I pay every year to the state of Maryland in the amount of $300 for annual report fee (Form1). I run a S-corp.

I have never ever deducted those amount since 2009 because i was not sure.

I found 1120s instructions but couldn't understand it.

I attached a picture for that.

please help.

posted

Yes. The cost of filing the annual report goes in Licensing, permits and fees. Just to be clear, it's not the only thing that can be included in that box.

An amended return with money owintg was processed before a first return. with a refund covering it. The bank refused the debit. It is now covered. How can I pay the IRS?

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Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&subscription?

Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&subscription?

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Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&amp;subscription?

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Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&amp;subscription?

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Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&subscription?

Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&subscription?