MD estimated tax calculation for an S Corp

[Marianne436]

OK are there any Maryland S-Corp tax preparers out there that can help me understand the calculation of S-Corp estimated taxes?

I see the Form MD 510D is calculating estimated taxes for the S-Corp. What if this is a direct roll into the Individual Tax Return?

I am not understanding why there is a calculation for estimated taxes.

[sjrcpa]

If the S Corp makes the pass through entity (PTE) tax election, the S Corp pays tax , including estimated tax for all shareholders.

If it does not make the election, the S Corp pays tax, including estimated tax, for the MD nonresident shareholders.

[Marianne436]

Thank you! I have to find in Lacerte where the Pass through entitiy is NOT making the estimated taxes.

[sjrcpa]

Built in Gain tax is another possibility.

[Marianne436]

Thanks no built in gain.

Looks like I have to go to Screen 10 and put "-1" in the estimates quarterly fields.