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posted Jun 5, 2019 2:54:39 PM

I file an annual personal property return in Maryland for my business which includes a mandatory $300 filing fee. Is that considered a business expense?

This fee is required to maintain my business in Maryland.  It is required regardless of whether my business has property in the state or conducted any business in the applicable tax year.

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1 Best answer
Expert Alumni
Jun 5, 2019 2:54:40 PM

Yes, the Maryland $300 filing fee for your Personal Property Return is considered a deductible business expense.mm

1 Replies
Expert Alumni
Jun 5, 2019 2:54:40 PM

Yes, the Maryland $300 filing fee for your Personal Property Return is considered a deductible business expense.mm