Form 5 Annual Report and Personal Property Return - Banks, Savings Banks, Savings & Loans and Trust Companies - Maryland

What Is Form 5?

This is a legal form that was released by the Maryland Department of Assessments and Taxation - 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 the Form 5 Annual Report and Personal Property Return?
A: Form 5 is a report that banks, savings banks, savings & loans, and trust companies in Maryland must file annually to report their personal property holdings.

Q: Who needs to file the Form 5 Annual Report and Personal Property Return?
A: Banks, savings banks, savings & loans, and trust companies in Maryland need to file the Form 5 Annual Report and Personal Property Return.

Q: What information needs to be provided in the Form 5 Annual Report and Personal Property Return?
A: The form requires information about the bank's or trust company's personal property holdings, including real estate, loans, investments, and other assets.

Q: When is the deadline to file the Form 5 Annual Report and Personal Property Return?
A: The deadline to file the Form 5 Annual Report and Personal Property Return is typically April 15th each year.

Q: Are there any penalties for late filing or failure to file the Form 5 Annual Report and Personal Property Return?
A: Yes, there are penalties for late filing or failure to file the Form 5 Annual Report and Personal Property Return, including potentially having the bank's or trust company's charter revoked.