MA DoR 355S 2014 free printable template

2014 FORM 355S PAGE 2 EXCISE CALCULATION Taxable Massachusetts tangible property if applicable from Schedule C line 4. File pg. 1 FOR PRIVACY ACT NOTICE SEE INSTRUCTIONS. PRINT IN BLACK INK Calendar year filers enter 01-01-2014 and 12-31-2014 below. Fiscal year filers enter appropriate dates. Tax year beginning 3 Tax year ending 3 Form 355S S Corporation Excise Return FEDERAL IDENTIFICATION NUMBER FID NAME OF CORPORATION PRINCIPAL BUSINESS ADDRES...

How to fill out MA DoR 355S

How to fill out MA DoR 355S

1. Gather your financial documents, including income statements and expenses.
2. Complete the personal information section, including your name, address, and Social Security number.
3. Fill out the income section by listing all sources of income.
4. Document your allowable deductions in the appropriate section.
5. Calculate your total income and total deductions to find your net income.
6. Review the instructions carefully to ensure you meet the eligibility requirements.
7. Double-check all calculations and information for accuracy.
8. Sign and date the form before submission.

Who needs MA DoR 355S?

1. Individuals or entities required to report personal income to the Massachusetts Department of Revenue.
2. Those claiming credits, deductions, or exemptions related to their income.
3. Taxpayers who have received specific notifications or forms indicating their obligation to file Form 355S.

Instructions and Help about MA DoR 355S

People Also Ask about

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

For traditional corporations, the corporate excise tax generally is the sum of an 8.00% tax on income attributable to Massachusetts and a tax of $2.60 per $1,000 of the greater of either taxable Massachusetts tangible personal property or taxable net worth. There is a minimum excise tax for corporations of $456.

What is Form 355S?

All corporations and financial institutions that reasonably estimate their excise to be in excess of $1,000 for the taxable year are required to make estimated payments. Form 355-ES, 2023 Corporate Estimated Tax Payment Instructions and Worksheet. Must be filed electronically through MassTaxConnect.

What is the minimum tax on Form 355 in Massachusetts?

Massachusetts Form 355 Excise Tax includes a tax of $2.60 per $1,000 on taxable Massachusetts tangible property or taxable net worth, whichever applies, and a tax of 8.0% on income attributable to Massachusetts.

What is the form for a Massachusetts S Corp?

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. S corporations must also include with the annual filing: A Massachusetts Schedule S.

What forms do I need to file as an S Corp?

Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or other entity for any tax year covered by an election to be an S corporation.

What is MA Form 355S?

S corporations will file Form 355S indicating on the face of such return that they are subject to combined reporting for their income measure of excise and exclude from that separate return the income that is reported on the group's Form 355U (Schedule E is not required unless the taxpayer has income from a source

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What is MA DoR 355S?

MA DoR 355S is a tax form used by certain business entities in Massachusetts to report their specific income and expenses for state tax purposes.

Who is required to file MA DoR 355S?

Corporations and partnerships that have business operations or earn income in Massachusetts are required to file MA DoR 355S.

How to fill out MA DoR 355S?

To fill out MA DoR 355S, taxpayers should gather their financial documents, complete the form with accurate income, expenses, and any applicable deductions, and ensure all required schedules are attached before submission.

What is the purpose of MA DoR 355S?

The purpose of MA DoR 355S is to determine the tax liability of business entities operating in Massachusetts, ensuring compliance with state tax laws.

What information must be reported on MA DoR 355S?

MA DoR 355S requires reporting of gross income, various business expenses, deductions, credits, and any other relevant financial information to accurately assess state tax obligations.