WILLIAM DONALD SCHAEFER, Governor                   Ch. 135

(2)  if the corporation is exempt from taxation under
§ 501 of the Internal Revenue Code, the corporation's unrelated
business taxable income, as defined under § 512 of the Internal
Revenue Code, for the taxable year, as adjusted under this Part
II of this subtitle; OR

(3)  IF THE CORPORATION IS AN S CORPORATION, ITS
INCOME THAT IS SUBJECT TO FEDERAL INCOME TAX, FOR THE TAXABLE
YEAR, AS ADJUSTED UNDER THIS PART II OF THIS SUBTITLE.

10-804.

(c) Each person required under this subtitle to file an
income tax return or estimated income tax declaration or return
shall:

(1)  comply with the regulations of the Comptroller;

(2)  keep the records that the Comptroller requires;
and

(3)  attach to an income tax return or otherwise file
with the Comptroller any records or statements that the
Comptroller requires, including:

(i) for an individual who has income tax
withheld from wages or other payments, a copy of the statement
from the person who withholds the tax that states:

1.  the amount of wages paid and the
income tax withheld; or

2.  the amount of payments made and the
income tax withheld;

(ii) a copy of the federal income tax return:

1.  for a corporation; and

2.  if the Comptroller requests, for an
individual; [and]

(iii) for a married couple who files a joint
federal income tax return and elects to file separate income tax
returns under this title, a schedule that reconciles the separate
income and deductions of each spouse to the joint federal
adjusted gross income and deductions shown on the federal return;
AND

(IV) FOR EACH   S CORPORATION REQUIRED  UNDER THIS

SUBTITLE TO FILE AN INCOME TAX   RETURN, A STATEMENT OF  THE INCOME

TAX WITHHELD FOR A TAXABLE YEAR  ON THE DISTRIBUTIVE     SHARES OF
NONRESIDENT SHAREHOLDERS.

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