2017 Maine Pass Through Withholding -- 1099ME - maine-2025

Get Form
2017 Maine Pass Through Withholding -- 1099ME - maine Preview on Page 1

Here's how it works

01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

The easiest way to modify 2017 Maine Pass Through Withholding -- 1099ME - maine in PDF format online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

Working on paperwork with our comprehensive and user-friendly PDF editor is easy. Make the steps below to complete 2017 Maine Pass Through Withholding -- 1099ME - maine online easily and quickly:

  1. Sign in to your account. Log in with your email and password or create a free account to test the service before upgrading the subscription.
  2. Import a document. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
  3. Edit 2017 Maine Pass Through Withholding -- 1099ME - maine. Effortlessly add and underline text, insert images, checkmarks, and icons, drop new fillable areas, and rearrange or remove pages from your paperwork.
  4. Get the 2017 Maine Pass Through Withholding -- 1099ME - maine completed. Download your modified document, export it to the cloud, print it from the editor, or share it with others via a Shareable link or as an email attachment.

Make the most of DocHub, one of the most easy-to-use editors to quickly handle your documentation online!

See more 2017 Maine Pass Through Withholding -- 1099ME - maine versions

We've got more versions of the 2017 Maine Pass Through Withholding -- 1099ME - maine form. Select the right 2017 Maine Pass Through Withholding -- 1099ME - maine version from the list and start editing it straight away!
Versions Form popularity Fillable & printable
2023 4.5 Satisfied (29 Votes)
2022 4.9 Satisfied (46 Votes)
2021 4.8 Satisfied (199 Votes)
2020 4.2 Satisfied (70 Votes)
2019 4.3 Satisfied (38 Votes)
2018 4.4 Satisfied (51 Votes)
2017 4.3 Satisfied (29 Votes)
2016 4.3 Satisfied (182 Votes)
2012 4 Satisfied (23 Votes)
be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
Partnerships and S corporations with Maine income are pass-through entities that must withhold state income tax from the quarterly earnings of any member who isnt a Maine resident (unless the nonresident member has an exemption).
You must withhold 7.15% of the estimated Maine source distributive income of each nonresident member, except you must withhold 8.93% if the nonresident member is a C corporation.
Under Maines PTET, partnerships and S corporations that elect this option can reduce their federal income taxes while slightly increasing state taxes. This is achieved by allowing the entity to deduct state income tax payments from its ordinary income, resulting in lower federal taxable income for owners.
You are required to withhold Maine income tax if: You maintain an office in Maine or transact business in Maine; You make payments to individuals (resident or nonresident) who are taxable to Maine; and. You are required to withhold federal income tax from those payments.
As of July 9, 2024, 36 states (and one locality) had enacted a PTET intended to meet the requirements of Notice 2020-75. In addition, three states had PTET bills proposed during 2024 legislative sessions: Maine Legislative Document 1891 was a PTET bill carried over from the 2023 session.

People also ask

How are other types of businesses taxed in Maine? The owners of sole proprietorships, partnerships, S corporations, and limited liability companies (LLCs) are taxed on a personal level for their shares of the businesss profits, at their applicable individual income tax rate.
What are pass-through businesses? Most US businesses are not subject to the corporate income tax; rather, their profits flow through to owners or members and are taxed under the individual income tax. Pass-through businesses include sole proprietorships, partnerships, limited liability companies, and S-corporations.
Pass-Through Entity Annual Withholding Return A Pass-Through Entity (PTE) is generally an entity that passes its income or losses through to its owners instead of paying the related tax at the entity level. A PTE can be any of the following: Estates. Trusts. S corporations.

Related links