Maryland Comptroller Publishes 2022 Instructions for Filing Form 504, Fiduciary Income Tax Return

The Maryland Comptroller Jan. 1 published instructions for filing Form 504, Fiduciary Tax Return, for 2022 or any other tax year or period beginning in 2022, for trust income tax purposes. The booklet includes information on: 1) newly enacted legislation that created new tax credits or increased existing tax credits; 2) trusts, decedents’ estates, and bankruptcy estates; 3) Maryland modifications; and 4) resident and nonresident beneficiaries. The update also mentions that the state participated in the Federal/State Modernized e-File program to file fiduciary returns electronically. The instructions specify that taxpayers must file their return by April 15 and fiscal year ...