January 8, 2021 Yesterday Maryland Comptroller Peter Franchot announced that his agency has extended filing and payment deadlines for certain Maryland business taxes and quarterly estimated income tax returns and payments that would be due in January, February, and March 2021 until April 15, 2021. No interest or penalties will be assessed and there is no need to file a request for extension. View New Tax Deadlines Extensions and Comments to Note: Businesses and self-employed individuals or independent contractors with estimated income tax returns and payments due on January 15, 2021 also will be granted an extension until April 15, 2021. Due to the state of emergency, the Comptroller finds that good cause exists to extend the time to file individual and fiduciary estimated income tax declarations and payments due between January 15, 2021 and April 14, 2021 to April 15, 2021. Employers must complete their 2020 withholding tax returns and payments due by January 31, 2021, ensuring that W-2s will be delivered on time for taxpayers to file when the tax season begins at the end of January. Any State withholding returns and payments originally due between February 1, 2021 and April 14, 2021 may be submitted by April 15, 2021 without incurring interest and penalties. Employers must still file and pay Federal withholding taxes. If the IRS extends its April 15, 2021 filing deadline for 2020 corporate, pass-through entity, and individual income tax returns, Maryland will once again conform to the IRS action. To read the full Maryland Tax Alert that was released, click here. How Can KatzAbosch Help? If you have questions about how the extensions will impact your business filings and payments please contact your KatzAbosch representation or contact us. About KatzAbosch: Founded in 1969, KatzAbosch is one of the largest CPA and business consulting services in the Mid-Atlantic region. As an accounting firm, our mission is to provide the highest quality accounting, tax, financial and management consulting services to our regional clients. We understand the needs and challenges of our clients and we have made it our obligation to create, grow and protect asset value. KatzAbosch is consistently named a Best Accounting Firm to Work For in Accounting Today and has been named a Top 200 Accounting Firms in the Nation by Inside Public Accounting. Our firm is also ranked among the Top 15 Largest Accounting Firms in the Baltimore Area by the Baltimore Business Journal and a Top Workplace four times by The Baltimore Sun.