Get the free Form 355C

This document is a return for corporations to report their taxable income, combined with other applicable schedules, for tax purposes in Massachusetts for the year 2002.

How to fill out form 355c

How to fill out Form 355C

1. Gather required information: Collect your personal details, tax identification number, and any relevant financial information.
2. Download Form 355C: Obtain the latest version of the form from the official tax authority website.
3. Fill in your business information: Provide your business name, address, and contact details in the designated fields.
4. Complete income sections: Accurately report your business income, deductions, and credits as instructed in the form.
5. Review the eligibility criteria: Ensure that you meet the criteria specified on the form for the deductions or credits you are claiming.
6. Sign and date the form: Once all sections are filled out, sign and date the form to certify the information provided.
7. Submit the form: Send the completed Form 355C to the appropriate tax authority by the due date, either electronically or by mail.

Who needs Form 355C?

1. Form 355C is typically needed by businesses and organizations that are claiming income tax deductions or credits in accordance with local tax laws.

People Also Ask about

How is an C corporation taxed?

Partnerships and S-Corporations file information returns, Form 1065 or Form 1120-S, respectively, to report income that flows through to individual partners. In contrast, C-corporations use Form 1120 to pay corporate income tax on their profits.

What is C Corp vs S Corp tax form?

C corporations use Form 1120 to calculate their taxes due. S corporations use Form 1120S as an information return.

What is Massachusetts Form 355?

The Massachusetts Corporation Excise Return Form 355 is designed for corporations operating within the state to report their income and comply with tax laws.

What is the tax form for a C corporation?

Form 1120 is the tax form used by C Corporations and LLCs filing as a corporation to report profits and losses, tax deductions, credits and income.

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”).

Is form 1120 for C corporations?

C Corporations must pay federal income taxes if they have taxable income after claiming all available credits and deductions. In some states, state-level income and excise taxes also apply. Additionally, C Corps may have to pay both federal and state employment taxes.

For pdfFiller’s FAQs

What is Form 355C?

Form 355C is a tax form used by corporations doing business in Massachusetts to report their corporate excise tax.

Who is required to file Form 355C?

Any corporation that does business in Massachusetts, or has a net income derived from Massachusetts sources, must file Form 355C.

How to fill out Form 355C?

To fill out Form 355C, corporations must provide information such as their corporate name, address, federal identification number, and financial details including income, deductions, and credits.

What is the purpose of Form 355C?

The purpose of Form 355C is to report the corporate excise tax liability of Massachusetts corporations and to calculate the amount owed to the state.

What information must be reported on Form 355C?

Form 355C requires information such as the corporation's gross receipts, deductions, net income, and apportionment factors, as well as details about any tax credits claimed.