MA DoR 355S 2013 free printable template

2013 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 01-01-2013 and 12-31-2013 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 ADDRESS CITY/TOWN/POST OFFICE STATE ZIP 4 Are you a...

How to fill out MA DoR 355S

How to fill out MA DoR 355S

1. Begin by downloading the MA DoR 355S form from the official Massachusetts Department of Revenue website.
2. Fill out the taxpayer's information including name, address, and Social Security number on the top portion of the form.
3. Indicate the tax year for which you are filing.
4. Complete the income section by reporting all relevant income sources.
5. Fill in the deductions section, listing any eligible deductions to reduce taxable income.
6. Calculate your total tax liability based on the provided tax tables and instructions.
7. If applicable, enter any credits you may be eligible for to lower your tax bill.
8. Review your entries for accuracy and completeness before signing the form.
9. Submit the form either by mail to the appropriate address or electronically if the option is available.

Who needs MA DoR 355S?

1. Individuals or businesses who are required to report income and pay taxes in Massachusetts will need to fill out the MA DoR 355S form.
2. Those claiming specific deductions or credits related to Massachusetts state tax obligations.

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 the Massachusetts Department of Revenue for reporting income and calculating tax liability for certain taxpayers.

Who is required to file MA DoR 355S?

Corporations and other entities that are subject to Massachusetts corporate excise tax are required to file MA DoR 355S.

How to fill out MA DoR 355S?

To fill out MA DoR 355S, taxpayers must enter their income, deductions, and credits as instructed on the form, ensuring all relevant data and calculations are accurately reported.

What is the purpose of MA DoR 355S?

The purpose of MA DoR 355S is to report the income earned by corporations and calculate the appropriate corporate excise tax owed to the state of Massachusetts.

What information must be reported on MA DoR 355S?

MA DoR 355S requires reporting of total income, taxable income, deductions, credits, and any other relevant financial information as applicable to determine tax liability.