MA DoR 355SBC 2012 free printable template

Form 355SBC Small Business Corporation Excise Return Massachusetts Department of Revenue domestic corporations only Registration For calendar year 2012 or taxable year beginning and ending Name of corporation Federal business code 1 Kind of business 2 3 Date of charter in Massachusetts 4 3 Is this return a final return Yes City/Town Principal business address Federal Identification number FID State Zip 3 3 Average number of employees in Massachusetts 5 3 U.S. tax return filed No Other Use...

How to fill out 2012 massachusetts corporate excise

How to fill out MA DoR 355SBC

1. Obtain the MA DoR 355SBC form from the Massachusetts Department of Revenue website or your local tax office.
2. Fill in the taxpayer information, including your name, address, and Social Security number or taxpayer ID.
3. Indicate the type of entity for which you are filing, such as individual, corporation, or partnership.
4. Provide the income details, including total income, deductions, and taxable income.
5. Complete the sections regarding tax credits and other adjustments for accuracy.
6. Review all entries for completeness and correctness to avoid any errors.
7. Sign and date the form at the bottom to certify the information provided.
8. Submit the completed form to the Massachusetts Department of Revenue by the designated deadline.

Who needs MA DoR 355SBC?

1. Individuals or entities liable for state income taxes in Massachusetts.
2. Taxpayers seeking to report income and claim deductions or credits.
3. Businesses operating in Massachusetts that need to file an income tax return.

People Also Ask about

What is the excise tax on an S Corp in Massachusetts?

An S corporation financial institution is taxed at 9.0% on any income that is taxable at the federal level. An S corporation financial institution with gross receipts that are $6 million or more but less than $9 million is subject to the corporate excise at a rate of 2.67% on net income subject to tax.

How is the Massachusetts corporate excise tax calculated?

Taxable Unit: A corporation is a taxpayer separate and distinct from its shareholders. Rate Structure: The effective excise rate on corporations is 9.5% of net income apportioned to Massachusetts, and $2.60 per $1,000 of the value of Massachusetts tangible property or net worth allocable to Massachusetts.

Do I need to file a Massachusetts corporate tax return?

Overview. A corporation that is subject to the tax jurisdiction of Massachusetts is generally required to file returns with DOR.

What are the filing requirements for an S Corp in Massachusetts?

Filing requirements. Massachusetts S corporations must annually file Form 355S or Form 63 FI. A Massachusetts S corporation that is included in a 355U also files Form 355S or 63FI but that return will generally be informational only.

Does Massachusetts require a state tax return?

If you're a full-year resident with an annual Massachusetts gross income of more than $8,000, you must file a Massachusetts tax return. If you're a part-year resident with an annual Massachusetts gross income of more than $8,000, you must file a Massachusetts tax return.

What is the excise tax for an LLC in Massachusetts?

Massachusetts State Income Tax LLCs filing as C-Corps must pay Massachusetts Corporate Excise Tax, which is 8% of a business's taxable net income plus either a property measure (for tangible property corporations) or a net worth measure (for intangible property corporations).

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What is MA DoR 355SBC?

MA DoR 355SBC is a tax form used in Massachusetts for corporate excise tax reporting for certain businesses.

Who is required to file MA DoR 355SBC?

Businesses that are subject to corporate excise tax in Massachusetts, specifically those considered as small businesses, are required to file MA DoR 355SBC.

How to fill out MA DoR 355SBC?

To fill out MA DoR 355SBC, gather all required financial information, complete each section of the form as instructed, and submit it to the Massachusetts Department of Revenue by the deadline.

What is the purpose of MA DoR 355SBC?

The purpose of MA DoR 355SBC is to report a business's gross receipts, expenses, and to calculate the corporate excise tax owed to the state of Massachusetts.

What information must be reported on MA DoR 355SBC?

MA DoR 355SBC requires reporting of gross receipts, total income, deductions, and other relevant financial data for the business.