Maryland Form MW506NRS (COM / RAD-308) Maryland Return of Income Tax Withholding for Nonresident Sale of Real Property - Maryland

What Is Maryland Form MW506NRS (COM/RAD-308)?

This is a legal form that was released by the Maryland Taxes - a government authority operating within Maryland. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form MW506NRS?
A: Form MW506NRS is the Maryland Return of Income Tax Withholding for Nonresident Sale of Real Property.

Q: Who is required to file Form MW506NRS?
A: Nonresident individuals or entities who have sold or transferred real property in Maryland are required to file Form MW506NRS.

Q: What is the purpose of Form MW506NRS?
A: Form MW506NRS is used to report and pay income tax withholding on the sale or transfer of real property in Maryland by nonresident sellers.

Q: How do I file Form MW506NRS?
A: Form MW506NRS can be filed electronically or by mail. Detailed instructions are provided on the form.

Q: When is Form MW506NRS due?
A: Form MW506NRS is due on or before the 15th day of the month following the date of settlement or transfer of the real property.

Q: What happens if I don't file Form MW506NRS?
A: Failure to file Form MW506NRS may result in penalties and interest.

Q: Do I need to include any supporting documents with Form MW506NRS?
A: Yes, you may need to include a copy of the settlement statement or other documentation to support the information reported on the form.

Q: Who should I contact for more information about Form MW506NRS?
A: For more information about Form MW506NRS, you can contact the Maryland Comptroller's Office.