MA DoR M-990T 2015 free printable template

Rev. 3/15 2015 FORM M-990T PAGE 2 cont d. 17 Loss carryover deduction from Schedule NOL. 3 17 20 Credit recapture enclose Credit Recapture Schedule and/or additional tax on installment sales. Massachusetts Department of Revenue Form M-990T Unrelated Business Income Tax Return For calendar year 2015 or taxable period beginning and ending Name of company Federal Identification number Mailing address City/Town State Zip Phone number Name of treasurer Fill in if a Taxpayer Disclosure Statement is...

How to fill out MA DoR M-990T

How to fill out MA DoR M-990T

1. Obtain the MA DoR M-990T form from the Massachusetts Department of Revenue website.
2. Fill in your tax year at the top of the form.
3. Complete Section A with your organization's identifying information, including name and address.
4. Fill out Section B to report the organization’s income and expenses.
5. Complete Section C for information on tax-exempt status and specific deductions.
6. Calculate the tax liability in Section D, if applicable.
7. Review the form for accuracy and completeness.
8. Sign and date the form in the designated area.
9. Submit the form by the due date to the appropriate address listed on the form.

Who needs MA DoR M-990T?

1. Organizations in Massachusetts that are exempt from federal income tax but generate unrelated business taxable income (UBTI).
2. Non-profit organizations that must report their UBTI to the state.
3. Entities such as charities, educational institutions, and other tax-exempt organizations that engage in business activities.

Instructions and Help about MA DoR M-990T

People Also Ask about

What is Form 990 or 990T?

Form 990T: A Quick & Easy Breakdown If you hold assets in a self-directed IRA or HSA account and you haven't done so already, you'll soon be grappling with a Form 990T (Form 990-T) for this tax season. A 990T is the form IRA holders must use to report their retirement account assets.

Is a 990-T required?

990-EZ, or 990-PF and have a gross income of $1,000 or more from unrelated business income for the tax year must e-file Form 990-T.

Who is responsible for filing 990T?

Per the IRS Instructions for Form 990-T, the IRA custodian is responsible for annually analyzing and filing Form 990-T on behalf of the account owner.

What are the filing requirements for 990T?

990-EZ, or 990-PF and have a gross income of $1,000 or more from unrelated business income for the tax year must e-file Form 990-T.

Who fills out the 990T?

An employees' trust defined in section 401(a), an IRA (including SEPs and SIMPLEs), a Roth IRA, a Coverdell ESA, or an Archer MSA must file Form 990-T by the 15th day of the 4th month after the end of its tax year.

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What is MA DoR M-990T?

MA DoR M-990T is the Massachusetts Department of Revenue form used by organizations to report unrelated business income and calculate the state tax owed on that income.

Who is required to file MA DoR M-990T?

Organizations that have gross unrelated business income of $1,000 or more in a tax year are required to file MA DoR M-990T.

How to fill out MA DoR M-990T?

To fill out MA DoR M-990T, organizations need to provide details on their unrelated business income, calculate the applicable tax, and complete the form according to the instructions provided by the Massachusetts Department of Revenue.

What is the purpose of MA DoR M-990T?

The purpose of MA DoR M-990T is to ensure that organizations pay tax on income generated from activities that are not related to their exempt purposes.

What information must be reported on MA DoR M-990T?

MA DoR M-990T requires reporting of gross unrelated business income, expenses related to that income, and any applicable deductions to calculate the taxable amount.