Get the free Form 355SBC
Show details
This document is a tax return for domestic corporations in Massachusetts, providing a means for them to report their taxable income and compute the excise due to the Massachusetts Department of Revenue.
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign form 355sbc
Edit your form 355sbc form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your form 355sbc form via URL. You can also download, print, or export forms to your preferred cloud storage service.
How to edit form 355sbc online
To use our professional PDF editor, follow these steps:
1
Log in. Click Start Free Trial and create a profile if necessary.
2
Simply add a document. Select Add New from your Dashboard and import a file into the system by uploading it from your device or importing it via the cloud, online, or internal mail. Then click Begin editing.
3
Edit form 355sbc. Replace text, adding objects, rearranging pages, and more. Then select the Documents tab to combine, divide, lock or unlock the file.
4
Save your file. Select it in the list of your records. Then, move the cursor to the right toolbar and choose one of the available exporting methods: save it in multiple formats, download it as a PDF, send it by email, or store it in the cloud.
The use of pdfFiller makes dealing with documents straightforward.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out form 355sbc
How to fill out Form 355SBC
01
Obtain the Form 355SBC from the Massachusetts Department of Revenue website or your local office.
02
Fill in your business name, address, and taxpayer identification number at the top of the form.
03
Indicate the tax year for which you are filing the form.
04
Complete the relevant sections related to small business income, deductions, and credits.
05
If applicable, include any supporting documentation required for deductions and credits claimed.
06
Double-check all entries for accuracy and completeness.
07
Sign and date the form.
08
Submit the completed form to the Massachusetts Department of Revenue by the specified deadline.
Who needs Form 355SBC?
01
Form 355SBC is needed by small businesses operating in Massachusetts that wish to report their income and claim certain tax credits.
Fill
form
: Try Risk Free
People Also Ask about
Do LLC pay excise tax in Massachusetts?
While LLCs and partnerships aren't subject to excise tax, any personal income made is subject to taxation under individual state tax returns. Corporations that operate in Massachusetts are subject to Massachusetts's corporate excise tax.
Who pays corporate excise tax in MA?
Interstate and International Aspects: All domestic corporations are subject to the corporate excise by reason of corporate existence at any time during the taxable year. Foreign corporations doing business within the state or owning property in the state are also subject to the excise.
Who is required to pay excise tax?
Excise taxes are independent of income taxes. Often, the retailer, manufacturer or importer must pay the excise tax to the IRS and file the Form 720. Some excise taxes are collected by a third party. The third party then sends the tax to the IRS and files the Form 720.
Who gets excise tax in Massachusetts?
Massachusetts law requires residents who own and register a motor vehicle to pay a motor vehicle excise each year. Every motor vehicle used (or planning to be used) for personal road privileges, whether registered or not, is subject to taxation.
What is MA Form 355SBC?
A Massachusetts corporation must file federal Form 1120, and Form 355. If your income is under $100,000 and not subject to a corporate tax in another state, you must file Form 355SBC (small business corporation) instead of Form 355.
Who has to pay MA corporate excise tax?
A general business corporation is typically subject to the tax jurisdiction of Massachusetts when it owns or uses property in the state, has employees in the state or is otherwise doing business in the state.
Do I need to file a Massachusetts corporate tax return?
Each entity registered with the Massachusetts Secretary of the Commonwealth (the “Secretary”) may be required to register for corporate excise and file an annual corporate return with the Massachusetts Department of Revenue (the “DOR”).
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is Form 355SBC?
Form 355SBC is a specific tax form used by certain businesses in Massachusetts to report their income, deductions, and to calculate their corporate excise tax.
Who is required to file Form 355SBC?
Form 355SBC must be filed by corporations that qualify as small businesses under Massachusetts law, specifically those with a gross receipt of $1 million or less.
How to fill out Form 355SBC?
To fill out Form 355SBC, businesses need to gather their financial information, including income and expenses, and follow the instructions provided on the form to complete each section accurately.
What is the purpose of Form 355SBC?
The purpose of Form 355SBC is to provide the Massachusetts Department of Revenue with the necessary information to assess and collect the corporate excise tax from small businesses.
What information must be reported on Form 355SBC?
Form 355SBC requires the reporting of gross receipts, allowable deductions, tax credits, and other relevant financial information pertinent to the corporate excise tax calculation.
Fill out your form 355sbc online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Form 355sbc is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
