In Maryland, businesses and legal entities are required to file an Annual Report and, if applicable, a Personal Property Tax Return each year with the Maryland State Department of Assessments and Taxation (SDAT). For 2025, the key deadline remains consistent with prior years: April 15, 2025.
All domestic and foreign entities, including corporations, limited liability companies (LLCs), limited partnerships, and certain sole proprietors, must file their Annual Report and Personal Property Return by April 15, 2025. Failure to meet this deadline can result in late fees, penalties, and even forfeiture of the right to do business in the state.
The forms required vary depending on the business structure:
These documents must be filed either online through Maryland Business Express or by mail.
If additional time is needed, businesses may request a 60-day extension, which would extend the filing deadline to approximately June 14 or June 15, 2025, depending on weekends and holidays. The extension request must be submitted on or before April 15, 2025, and can only be filed online through the SDAT website. Mail requests for extensions are not accepted.
Missing the April 15 deadline—or the extended deadline, if applicable—can lead to serious consequences:
The standard filing fee for most business entities is $300, though nonprofits and certain agricultural businesses may be exempt.
To maintain good standing and avoid penalties, all Maryland businesses should mark their calendars and plan to file on or before April 15, 2025. Extension requests must be submitted online, and no paper requests will be accepted.
Reach out to Watter CPA today for expert help filing your Maryland Annual Report and Personal Property Return.
