Form 14950 for Maryland 2024-2025

Form 14950 for Maryland: What You Should Know

If a taxpayer has Maryland taxes withheld on a return, then the taxpayer may be a nonresident and is subject to Maryland income tax. For non-residents, we use Form 5020 and Form 505. 6 If a taxpayer had Maryland income taxes withheld from his or her Maryland Nonresident Adjusted Gross Income (MAGI) in 2015, then his or her Maryland non-resident tax liability is the full amount of Maryland income tax withheld from the taxpayer. Filing a Claim on Tax Returns Do Not: Form 505, Non-resident Non-payment of Income Tax or Other Taxes The non-resident returns are not to be filed on the same day. Instead, the forms should be filed by the last day of the month you are required to file your Form 1040. (For example, March 31 is the last day to file a return using Form 505.) You must file this form in the Taxpayer Identification Number (TIN) assigned to the taxpayer. How to verify a Form 505 You may verify the accuracy of the Information on the Form 505 form by obtaining any of the following from the IRS: Form 505 Form 1040 for Maryland Form 1023 for Maryland Form 8962 for Maryland (Furnish Form 8962 upon request). The form is also available as an attachment form to Form 8962 for Maryland. Filing a Claim with the IRS Do not file Form 505 if you want to reduce a tax liability or claim the refund due and payable due to a tax deficiency. Instead, you must file a claim with the IRS by mailing a copy of the form certified or accompanied by the appropriate tax return allowance claim on Form 843 (PDF). The claim must have been filed and paid with the return for which you are requesting the refund. The non-resident returns are not to be filed on the same day. Instead, the forms should be filed by the last day of the month you are required to file your Form 1040.

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