SDAT’s Maryland Business Express Begins Accepting Previous Year Filings Online
04 September 2018 - 3:20PM
Business Wire
Businesses Can Now File Up to 10 Years of
Overdue Annual Reports and Personal Property Tax Returns Online to
Regain Good Standing Status
The Maryland Department of Assessments and Taxation (SDAT) has
updated its award-winning Maryland Business Express (MBE) site to
now allow online filing of up to 10 years of overdue Annual Reports
and Personal Property Tax Returns. This previously paper-based
process will enable business owners to more quickly and easily
bring their entities into good standing status and maintain or
regain the ability to legally conduct business in Maryland.
“Maryland is Open for Business, and SDAT is doing its part by
making it easier and faster than ever for busy business owners to
get back on a path to success after failing to submit a required
filing,” said SDAT Director Michael Higgs. “We are continuously
working to launch new online services to improve the support and
guidance our Department provides to Maryland’s hard working
business owners.”
Eligible Maryland businesses now have the ability to
conveniently submit overdue annual filings for up to 10 previous
years online. This was formerly a service that was only available
by mail or in-person during standard operating hours, but is now
available 24/7 and can even be completed on a mobile device. Once
completed, businesses can pay for multiple filings with one online
payment and will be notified by the Department if there are any
additional steps that need to be taken to regain good standing
status. If a customer starts to complete an Annual Report or
Personal Property Tax Return, but leaves the filing in incomplete
status, they will be emailed a reminder to finish the form before
it is deleted.
All business entities formed, qualified, or registered to do
business in Maryland must file an Annual Report every year. If your
business owns, leases, or uses personal property in Maryland and/or
maintains a trader’s license with a local unit of government in
Maryland, you must also file a Personal Property Tax Return. If you
do not file the required documents by the annual deadline on April
15, your business will fall out of good standing status and may
eventually be forfeited. If a business is forfeited, it no longer
has the authority to conduct business in Maryland and has no right
to its name.
While failure to submit required annual filings is the most
common reason why a business entity falls out of good standing
status, there are several other requirements that an entity must
comply with in order to remain in good standing in Maryland. As an
aid to Maryland businesses that have fallen out of good standing
and are facing forfeiture in October, SDAT has launched a Potential
Domestic Forfeiture Search. This feature will allow customers to
search the database using a Department ID number or entity name to
determine the exact reason their business is not in good standing.
With this information, customers can then take the necessary steps
to resolving the issue and prevent forfeiture. If you have any
additional questions about why your entity is facing forfeiture,
please email sdat.persprop@maryland.gov.
SDAT strongly recommends that all business
owners sign up for our email distribution list to receive timely
reminders about filing these important documents by the required
deadline.
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Maryland.govFallon
Patton410-767-4884fallon.patton@maryland.gov
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