Comptroller of Maryland. Serving the People. Peter Franchot, Comptroller
Maryland Taxes
Maryland Taxes: Find all tax-related information and services. Maryland's Money: Resource for transparent financial reporting. Comptroller of Maryland: Information and resources for government agencies, state employees, vendors, and the general public. Media Services: Outlet for agency and Comptroller news. Online Services: Links to all agency online services and applications. Search Engine: Find it Fast! Translate the website to many languages Home Page

Frequently Asked Questions About Electronic Funds Transfer (EFT) for Business Tax Payments

8 - Once my EFT application has been processed and I begin to make my tax payments electronically using EFT ACH Debit or Credit, do I need to submit corresponding paper tax returns?

If you are submitting state withholding tax, corporation estimated tax or corporation extension tax payments electronically using EFT ACH Debit or Credit, you do not need to submit a paper Form MW506, Form 500D or Form 500E. You will need to submit an annual corporation return (Form 500) and/or an annual withholding reconciliation return (Form MW508), either electronically or by paper, by the due date of the return.

In addition, if you are submitting state motor fuel tax payments electronically using EFT ACH Debit or Credit, you will need to submit a monthly paper motor fuel report.



 
Links for Business Electronic Funds Transfer FAQs
Payment Methods
Business Electronic Funds Transfer FAQs
  q1 - What is EFT?
  q2 - What is the difference between the ACH Debit and the ACH Credit options of EFT for business tax payments?
  q3 - How do I get started to pay my state withholding tax, motor fuel tax and corporation tax payments electronically using EFT ACH Debit or Credit?
  q4 - My bank is requesting me to provide them with an originator identification number. What is an originator identification number?
  q5 - My bank account has a block or filter on it. What should I do?
  q6 - I have registered for EFT and have made several ACH Debit or ACH Credit tax payments, but my bank account has not been debited. What should I do?
  q7 - Can I submit my EFT application electronically, online?
  q8 - Once my EFT application has been processed and I begin to make my tax payments electronically using EFT ACH Debit or Credit, do I need to submit corresponding paper tax returns?
  q9 - Once my EFT application has been processed and I begin to make my tax payments electronically using EFT ACH Debit or Credit, can I change my contact information and/or my bank information?
  q10 - I made an error when submitting my electronic payment. How can I correct it
  q11 - Can I pay pass-through entity (PTE), S corporation, sales and use tax, fiduciary, or admissions and amusement tax payments by EFT?
  q12 - When do my electronic payments need to be filed to be considered timely?
  q13 - How can I file a zero return online?
  q14 - With whom can the EFT Unit discuss my account?
  q15 - If I use Maryland's free online bFile service to file and pay withholding tax or sales tax, do I need to complete Form EFT?
  q16 - What can I do if I need to make a payment today and I am not set up for EFT?
 
Download for Adobe Reader

Maryland.gov Homepage