TaxBandits supports the filing of Form W-2 with both the Federal and State of Maryland. Also, TaxBandits supports the filing of reconciliation Form MW508.
A. Yes, the Maryland Department of Revenue mandates the filing of the W2 Forms Even if there is no state tax withholding.
A. Yes. The state of Maryland requires additional forms to file along with
Maryland has an additional Form MW508 (Reconciliation) to be sent only if there is a state tax withheld.
A. Form MW508 is an Annual Employer Reconciliation report used to report the wages and total income taxes withheld from employee paychecks.
A. The filing due date for both Form W2 and Form MW508 is January 31.
A. The State of Maryland mandates filing electronically if you are submitting 25 or more W2s.
A. A penalty of $100 will be imposed for each form W2 not filed on time with the state of Maryland.