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If you have ever needed to file an affidavit or application form in short terms, you know that doing it online is the fastest way. Filling such forms out is effortless, and you are able to mail it to another person for approval right away. Having access to a PDF editor gives you the ability to edit text, add pictures, complete forms and convert PDF files to other file formats.

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Required Forms It is used by standard corporations, both foreign and domestic. Form 355U (Excise for Taxpayers Subject to Combined Reporting) Used by corporations that file combined income reports in the Commonwealth. Form 355S (S Corporation Excise Return) Applies to S corporations, both foreign and domestic.
Calculating the Corporate Excise Tax The property measure is imposed at a rate of $2.60 per $1,000 of either a corporation's: Taxable Massachusetts tangible property, or. Its taxable net worth.
Massachusetts has a flat corporate income tax rate of 8.000% of gross income. The federal corporate income tax, by contrast, has a marginal bracketed corporate income tax. There are a total of fifteen states with higher marginal corporate income tax rates then Massachusetts.
The corporate excise tax is calculated by combining two different measures of tax: Net income measure: Equal to eight percent of a company's taxable income; and. Taxable property or net worth measure: Equal to $2.60 per $1,000 of an organization's taxable property or net worth.
Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. ... Form 720, Quarterly Federal Excise Tax Return, is available for optional electronic filing.
Excise taxes are most often levied upon cigarettes, alcohol, gasoline and gambling. These are often considered superfluous or unnecessary goods and services. To raise taxes on them is to raise their price and to reduce the amount they are used. In this context, excise taxes are sometimes known as “sin taxes.”
Form 355SBC. Small Business Corporation Excise Return. (domestic corporations only)
It is important to note that, under Massachusetts General Law, the minimum Excise Tax is $5.00.
The excise rate is $25 per $1,000 of your vehicle's value. It is charged for a full calendar year and billed by the community where the vehicle is usually garaged. If your vehicle is registered in Massachusetts but garaged outside of Massachusetts, the Commissioner of Revenue will bill the excise.
You can pay your excise tax through our online payment system.
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