Terms Used In Maryland Code, TAX - GENERAL 10-504

  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(a) A person may change the accounting period used to compute Maryland taxable income to any other period that the Comptroller approves.

(b) If a person changes accounting periods, the person shall file a separate return for the period between the close of the previous accounting period and the beginning of the newly adopted accounting period.

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