Get the free Form M-990T-7004 - Mass.Gov - mass

Rev. 10/02 Form M-990T-7004 Unrelated Business Income Tax Extension Worksheet Massachusetts Department of Revenue Tentative Return 1 Estimated amount of tax for the taxable year. . . . . . . . . .

How to fill out form m-990t-7004 - massgov

How to fill out form m-990t-7004 - massgov?

1. Start by downloading the form: Visit the official website of the Massachusetts government (mass.gov) and navigate to the Forms and Publications section. Look for form m-990t-7004 and download it onto your computer.
2. Gather the necessary information: Before filling out the form, gather all the relevant information required. This may include details about your organization, its exempt status, and any unrelated business taxable income (UBTI) you may have.
3. Complete Part I - Identification: In this section, provide identifying information about your organization, such as its name, address, and Employer Identification Number (EIN). Ensure accuracy and double-check all the information before moving on to the next part.
4. Complete Part II - Exempt Organization Status and Basis for Filing: Indicate the type of exempt organization you are and check the appropriate box that represents your basis for filing the form. This section will require you to provide details regarding your exempt status and the specific IRS code section under which your organization is exempt.
5. Complete Part III - Gross UBTI: Provide information about your organization's gross unrelated business taxable income in this section. Include details about the sources of this income and calculate the total amount accurately.
6. Complete Part IV - Deductions: If your organization has any deductions from its gross unrelated business taxable income, you will need to report them in this section. Fill out the appropriate lines and be sure to provide detailed explanations for each deduction claimed.
7. Complete Part V - Taxable UBTI and Tax Liability: Calculate the taxable unrelated business taxable income and the resulting tax liability based on the provided instructions. Enter the calculated figures in the designated spaces.
8. Complete Part VI - Requests for Extensions of Time to File: If you need an extension of time to file the form, provide the necessary information and explain the reason for the request in this section.
9. Sign and date the form: Once you have filled out all the sections accurately, don't forget to sign and date the form.

Who needs form m-990t-7004 - massgov?

1. Non-profit organizations subject to the unrelated business income tax (UBIT) requirements: Form m-990t-7004 is required for non-profit organizations that have unrelated business taxable income (UBTI) and need to report and pay taxes on that income. It is necessary for compliance with the IRS regulations and to accurately report taxable UBTI.
2. Non-profit organizations seeking an extension of time to file: Organizations that require additional time to gather the necessary information and complete the form can use form m-990t-7004 to request an extension of time. This allows them to file the form beyond the original due date without incurring penalties.

For pdfFiller’s FAQs

What is form m-990t-7004 - massgov?

Form M-990T-7004 is used by exempt organizations in Massachusetts to request an automatic 6-month extension to file Form M-990T.

Who is required to file form m-990t-7004 - massgov?

Exempt organizations in Massachusetts that need additional time to file Form M-990T are required to file Form M-990T-7004.

How to fill out form m-990t-7004 - massgov?

Form M-990T-7004 must be completed with the organization's information, including name, address, EIN, and estimated tax liability. The form must be signed and dated by an authorized individual.

What is the purpose of form m-990t-7004 - massgov?

The purpose of Form M-990T-7004 is to request an extension for filing Form M-990T, which is used to report unrelated business income.

What information must be reported on form m-990t-7004 - massgov?

Form M-990T-7004 requires the organization's name, address, EIN, estimated tax liability, and the requested extension period.

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