Some questions have arisen lately on the MACPA’s tax listservs about Maryland corporate reporting requirements.

A little background: Maryland’s General Assembly instituted some of the most onerous corporate reporting requirements in the nation during a special legislative session in late 2007, then (with considerable urging from the state’s CPAs) significantly amended those requirements during the regular session in the spring of 2008.

All of these changes, understandably, have left some folks scratching their heads, so Beverly Richard, chair of the MACPA’s State Tax Committee, has written an article that explains the situation as it currently stands. Additional guidance from the Comptroller’s Office is expected soon. In the meantime, Richard’s article should serve as a fairly comprehensive overview.

And if you’re interested, join the MACPA’s state and federal tax listservs. They’re great ways for tax practitioners to get answers and information quickly during tax season and throughout the year as well.