Get ME 941P-ME Instructions 2023-2024

Unless modified pursuant to this rule or by the Assessor, either by ruling on a specific request or in published instructions, a pass-through entity must withhold Maine income tax from nonresident members' Maine-source member income at the rate of 8.93% in the case of a nonresident member taxed as a corporation.

Part-year residents, nonresidents and safe harbor residents must file a Maine return based on their total federal adjusted gross income. Your tax liability is first calculated as if you were a resident of Maine for the entire year.

Partnerships are considered pass-through entities, meaning the owners of Maine partnerships pay taxes on the business revenue using their personal tax returns. The partnership itself files no tax return, but some types are required to file an annual report.

Paying State Income Tax in Maine Go to: https://.maine.gov/revenue/. Hover over "Electronic Services" and navigate to "EZ Pay". You will be redirected to a secure payment portal. Log in or register, then click "Make a Payment" at the bottom of the screen.

A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax. Instead, it "passes through" profits or losses to its partners.

Composite Returns A partnership or S corporation subject to withholding requirements may elect to file a composite tax return to include all the Maine-source income of nonresident partners/shareholders on one Maine income tax return.

Partnerships, and S corporations (including LLCs classified as partnerships or S corporations) filing federal Form 1065 or 1120S that do business in Maine or that have resident partners or shareholders must file. S corporations that have federal taxable income must also file Form 1120ME.

Partnership and S-Corporation - Maine allows an automatic six-month extension of time to file if a federal extension has been granted. If any pass-through entity withholding is due, however, that amount must be paid by March 15.