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Maine Free Printable 19_1120me.indd for 2020 Maine Corporate income tax form

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Corporate income tax form
19_1120me.indd

Clear Print MAINE CORPORATE INCOME TAX RETURN FORM 1120ME 2019 For calendar year 2019 or tax year to 99 *1900100* Check if you filed federal Form 990-T, 1120-C or 1120-H Name of Corporation Federal Business Code Address Federal Employer ID Number City, Town or Post Office State Contact Person’s First Name ZIP Code Contact Person’s Last Name Check this box if your address has changed. Corporations with total assets of $5 million or more as of the last day of the tax year must file Form 1120ME electronically unless the taxpayer has been granted a waiver. Taxpayers unable to meet the electronic filing requirement because of undue hardship may request a waiver from the State Tax Assessor. The request must be in writing and must include the name, address, federal employer ID number of the corporation, a detailed explanation of why filing electronically poses a significant hardship and when the taxpayer will be able to comply with the electronic filing requirement. Mail waiver requests to: Maine Revenue Services, Corporate Tax Unit, P.O. Box 1060, Augusta, ME 04332-1060. For more information on Maine electronic filing requirements (Rule 104) and information on Maine electronic payment requirements (Rule 102), go to www.maine.gov/revenue (select “Laws & Rules”). CHECK APPLICABLE BOXES: Combined return (Attach Form CR) (1) Initial Return (4) Final return If final, indicate the final business date ____________ and check the appropriate box below: (a) Ceased doing business in Maine Amended Return (b) Dissolved (3) Parent Company Employer ID Number Telephone Number ELECTRONIC FILING & PAYMENT REQUIREMENTS (2) State of Incorporation (c) Check this box if you are claiming an exemption from the Maine corporate income tax pursuant to PL 86-272. Check this box if during the tax year any member of the combined group disposed of an interest in a passthrough entity doing business in Maine. Check this box if any member of the combined group owned an interest in a pass-through entity doing business in Maine. If so, provide EIN of passthrough entity: Merged, acquired or reorganized Successor EIN _____________ A. Member of an affiliated Based on a pro-forma (6) group filing a separate return FEDERAL CONSOLIDATED INCOME (federal Form 1120, line 30) .................................. A. .00 B. 1. TENTATIVE TOTAL TAX FILED ON FEDERAL FORM 7004 ............................................. B. .00 FEDERAL TAXABLE INCOME (federal Form 1120, line 30. If filing a combined report, enter (5) amount from Form CR, line 11). If negative, enter a minus sign to the left of the number ....................1. SUBTRACTIONS FROM FEDERAL TAXABLE INCOME: 2. a. NONTAXABLE INTEREST.............................................................................................2a. .00 b. FOREIGN DIVIDEND GROSS-UP .................................................................................2b. c. WORK OPPORTUNITY CREDIT AND EMPOWERMENT ZONE CREDIT DEDUCTIONS .00 (attach federal Form 5884 and/or Form 8844, as appropriate) ...........................................................2c. .00 d. INCOME NOT TAXABLE UNDER THE CONSTITUTION OF MAINE OR THE U.S. .....2d. .00 .00 e. DIVIDENDS FROM CERTAIN AFFILIATED CORPORATIONS (limitations - see instructions) ............................................................................................................. 2e. .00 Net Operating Losses f. NET OPERATING LOSS RECAPTURE (see instructions)...........................................2f. .00 g. NET OPERATING LOSS (IRC 172(a)(2) Limitation- see instructions).......................2g. h. INCOME FROM OWNERSHIP INTEREST IN PASS-THROUGH ENTITY FINANCIAL INSTITUTIONS (subject to Maine franchise tax) ........................................2h. .00 .00 FORM 1120ME - Page 2 2019 MAINE CORPORATE INCOME TAX RETURN Federal EIN 99 *1900101* SUBTRACTIONS, cont: i. STATE INCOME TAX REFUNDS (included in line 1 above) ..........................................2i. .00 j. BONUS DEPRECIATION/SECTION 179 EXPENSE RECAPTURE ..............................2j. .00 k. MEDICAL MARIJUANA BUSINESS EXPENSES (see instructions) .............................2k. .00 l. 50% OF APPORTIONABLE SUBPART F INCOME (see instructions) ...........................2l. .00 m. 80% OF APPORTIONABLE DEFERRED FOREIGN INCOME (see instructions) ........2m. .00 n. 50% OF GLOBAL INTANGIBLE LOW-TAXED INCOME (see instructions) .................2n. .00 o. OTHER (see instructions) ...............................................................................................2o. .00 p. TOTAL SUBTRACTIONS (add lines 2a through 2o) ......................................................2p. .00 3. LINE 1 MINUS 2p. If negative, enter a minus sign in the box to the left of the number .......3. .00 ADDITIONS TO FEDERAL TAXABLE INCOME: 4. a. INCOME TAXES (imposed by Maine or any other state, attach schedule) ....................4a. .00 b. DEFERRED FOREIGN INCOME (see instructions) .......................................................4b. .00 c. PARTICIPATION EXEMPTION DEDUCTION ADD-BACK (see instructions)................4c. d. GLOBAL INTANGIBLE LOW-TAXED INCOME DEDUCTION ADD-BACK (see instructions) .............................................................................................................4d. .00 e. INTEREST FROM STATE AND MUNICIPAL BONDS (other than Maine). ....................4e. .00 f. NET OPERATING LOSS ADJUSTMENT (see instructions) ...........................................4f. .00 g. MAINE CAPITAL INVESTMENT CREDIT BONUS DEPRECIATION ADD-BACK .......4g. .00 h. BONUS DEPRECIATION ADD-BACK ...........................................................................4h. .00 i. OTHER (see instructions) ...............................................................................................4i. .00 j. TOTAL ADDITIONS (add lines 4a through 4i) .................................................................4j. .00 5. ADJUSTED FEDERAL TAXABLE INCOME (add lines 3 and 4j) ........................................5. .00 .00 TAX: 6. GROSS TAX (from rate schedule on page 7 of instructions) ................................................6. .00 7. a. MAINE CORPORATE INCOME TAX (from line 6 above or Schedule A, line 5) ............7a. .00 b. CREDIT RECAPTURE: (see instructions) ......................................................................7b. .00 c. TOTAL TAX (add lines 7a and 7b) ..................................................................................7c. .00 FORM 1120ME - Page 3 2019 MAINE CORPORATE INCOME TAX RETURN Federal EIN 99 *1900102* PAYMENTS AND CREDITS: 8. a. MAINE ESTIMATED TAX PAID ......................................................................................8a. .00 b. EXTENSION PAYMENT (Form 1120EXT-ME) ...............................................................8b. .00 c. TAX CREDITS (Schedule C, line 1u plus line 2c) ...........................................................8c. d. INCOME TAX WITHHELD (from a pass-through entity or from gambling winnings. .00 Enclose Form 1099ME, W-2G, or other supporting documentation) ................................................. 8d. .00 e. If amended, enter payments (see instructions) ............................................................8e. .00 f. If amended, enter overpayments (see instructions) .....................................................8f. .00 g. TOTAL PAYMENTS AND CREDITS (add lines 8a through 8e and subtract line 8f; if the result is negative, enter a minus sign to the left of the number) ...................................................................... 8g. 9. .00 Use EZ Pay at maine.gov/revenue TAX AND CREDITS - TAX DUE OR OVERPAYMENT a. If line 7c is greater than line 8g, subtract line 8g from line 7c and enter the TAX DUE ............................................. 9a. .00 b. If line 8g is greater than line 7c subtract line 7c from line 8g and enter the OVERPAYMENT ................................ 9b. .00 Check here if Form 2220ME block 5a is checked. 10. Enter PENALTY for underpayment of estimated tax (attach Form 2220ME) ......................................................... 10. .00 11. TOTAL DUE If you completed line 9a, OR line 9b is less than line 10, enter the total due. Pay in full with return. You may be required to make payments electronically. See instructions or Rule 102. Make check payable to Treasurer, State of Maine. ....................................................................................................11. .00 12. OVERPAYMENT If the amount on line 9b exceeds the amount on line 10, subtract the amount on line 10 from line 9b and complete line 13 ....................................................................................................................................... 12. .00 13. Amount of line 12 to be: 13a. CREDITED to next year’s estimated tax .00 13b. REFUNDED .00 REFUND DEPOSITED DIRECTLY TO YOUR CHECKING ACCOUNT ($20,000 or less). SEE INSTRUCTIONS. Check this box if this refund will go to an account outside the United States 13c. Routing Number 13d. Checking Account Number CORPORATION PRESIDENT’S NAME SOCIAL SECURITY NUMBER TREASURER’S NAME SOCIAL SECURITY NUMBER COMPANY’S WEB SITE ADDRESS Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements and to the best of my knowledge and belief they are true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. DATE DATE OFFICER’S SIGNATURE TITLE SIGNATURE AND ADDRESS OF PREPARER (INDIVIDUAL OR FIRM) SOCIAL SECURITY NUMBER PREPARER’S SSN OR PTIN THIS RETURN MUST BE ACCOMPANIED BY A LEGIBLE COPY OF THE U.S. CORPORATE INCOME TAX RETURN, FEDERAL FORM 1120, PAGES 1-6, FOR THE SAME TAXABLE PERIOD. If not enclosing a check, If enclosing a check, make check payable to: Please submit forms in the following order: MAIL RETURN TO: Treasurer, State of Maine 1. Pages 1 through 6 of Form 1120ME, as required. and MAIL WITH RETURN TO: 2. Form CR, if required, including affiliation schedule. MAINE REVENUE SERVICES MAINE REVENUE SERVICES 3. Other statements for the Maine income tax return. P.O. BOX 1064 P.O. BOX 1065 4. A copy of federal Form 1120, pages 1 through 6. AUGUSTA, ME 04332-1064 AUGUSTA, ME 04332-1065 FORM 1120ME - Page 4 Federal EIN 2019 MAINE CORPORATE INCOME TAX RETURN SCHEDULE A - APPORTIONMENT OF TAX 99 *1900103* Do not complete this schedule if 100% of your business activity is attributable to Maine. Schedules C and D may still be required. All others must complete this schedule and enter amounts in columns A and B, even if those amounts are zero. If this schedule is left blank or excluded, your Maine apportionment factor will be set at 100%. Round all dollar amounts to whole numbers. Check if using an alternate apportionment as provided by 36 M.R.S. § 5211(17). 1. Total Sales* 2. Total Payroll 3. Total Property (A) (B) Within Maine Everywhere .00 ÷ .00 .00 .00 .00 .00 4. GROSS TAX (Form 1120ME, line 6) .......................................................................................... 4. 5. MAINE CORPORATE INCOME TAX (line 4 x line line 1 column c factor. Enter here and on Form 1120ME, line 7a) ................................................................................. 5. 6. (C) Apportionment Factor Line 1, Col. (A)/Col. (B) Rounded to 6 Decimals = . What amount of line 3, column A is TANGIBLE PERSONAL PROPERTY?............................... 6. .00 .00 .00 *Note:Total Sales must exclude income claimed as a deduction on Form 1120ME, lines 2e, 2l, 2m and 2n. Other limitations apply. See Schedule A instructions for additional information. SCHEDULE B - ALTERNATIVE MINIMUM TAX REPEALED FOR TAX YEARS BEGINNING ON OR AFTER JANUARY 1, 2018 SCHEDULE C - See page 5 SCHEDULE D - MINIMUM TAX CREDIT 1. a. MINIMUM TAX CREDIT CARRYOVER FROM 2018 (2018 Form 1120ME, Schedule D, line 1f) .................. 1a. .00 b. REGULAR INCOME TAX LIABILITY FOR 2019 (Form 1120ME, line 7a minus all Schedule C credits except minimum tax credit) ............................................................................................................................. 1b. .00 c. MINIMUM TAX CREDIT: enter the smaller of line 1a or line 1b here and on Schedule C, line 1j ................ 1c. .00 d. Maine minimum tax credit CARRYOVER TO 2020 (line 1a minus line 1c) ................................................. 1d. .00 FORM 1120ME - Page 5 Federal EIN 2019 MAINE CORPORATE INCOME TAX RETURN SCHEDULE C - TAX CREDITS 99 *1900104* (Attach worksheets. To get worksheets, see www.maine.gov/revenue/forms.) Non-refundable Credits 1. a. SEED CAPITAL INVESTMENT TAX CREDIT ........................................................................... 1a. .00 b. c. JOBS AND INVESTMENT TAX CREDIT CARRYFORWARD .................................................. 1b. EMPLOYER-ASSISTED DAY CARE CREDIT AND QUALITY CHILD CARE INVESTMENT CREDIT CARRYFORWARD...................................... 1c. .00 d. EMPLOYER-PROVIDED LONG-TERM CARE BENEFITS CREDIT CARRYFORWARD ........ 1d. .00 e. PINE TREE DEVELOPMENT ZONE REGULAR TAX CREDIT ................................................. 1e. .00 f. MAINE CAPITAL INVESTMENT CREDIT .................................................................................. 1f. .00 g. h. RESEARCH EXPENSE TAX CREDIT ....................................................................................... 1g. .00 SUPER CREDIT FOR SUBSTANTIALLY INCREASED .00 RESEARCH AND DEVELOPMENT CARRYFORWARD ..................................................................... 1h. .00 i. HIGH-TECHNOLOGY INVESTMENT TAX CREDIT CARRYFORWARD .................................. 1i. .00 j. MINIMUM TAX CREDIT (from Schedule D, line 1c) ................................................................... 1j. .00 k. EMPLOYER FAMILY AND MEDICAL LEAVE CREDIT ............................................................ 1k. .00 l. CREDIT FOR EDUCATIONAL OPPORTUNITY ........................................................................ 1l. .00 m. WELLNESS PROGRAM CREDIT ............................................................................................ 1m. .00 n. CERTIFIED VISUAL MEDIA PRODUCTION CREDIT .............................................................. 1n. .00 o. BIOFUEL PRODUCTION TAX CREDIT CARRYFORWARD .................................................... 1o. .00 p. RESERVED................................................................................................................................ 1p. .00 q. CREDIT FOR DISABILITY INCOME PROTECTION PLANS ................................................... 1q. .00 r. OTHER CREDITS (see instructions)........................................................................................... 1r. .00 s. TOTAL NON-REFUNDABLE CREDITS: (add lines 1a through 1r)........................................... 1s. .00 t. TOTAL TAX (from Form 1120ME, line 7c) ................................................................................. 1t. .00 u. ALLOWABLE NONREFUNDABLE CREDITS (Enter amount from line 1s or 1t, whichever is less. Add this line to line 2c and enter result on Form 1120ME, line 8c) ......................................................... 1u. .00 Refundable Credits 2. a. HISTORIC REHABILITATION CREDIT ..................................................................................... 2a. .00 b. NEW MARKETS CAPITAL INVESTMENT CREDIT ................................................................. 2b. .00 c. TOTAL REFUNDABLE CREDITS: (Add lines 2a and 2b. Add this line to line 1u and enter result on Form 1120ME, line 8c) ................................................................................................ 2c. .00 FORM 1120ME - Page 6 99 2019 MAINE CORPORATE INCOME TAX RETURN Federal EIN *1900106* SCHEDULE X - AMENDED RETURN ADJUSTMENTS 1. Reason for change: a. IRS change e. Other (attach explanation) (A) Line Adjusted 2. b. Net operating loss f. Member of an affiliated group filing a separate return (B) As Most Recently Filed or Adjusted c. Federal amended 1120X g. Combined return (attach Form CR) (C) Adjustment d. Accounting change (D) Correct Amount a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. p. q. r. s. t. CLEAR PRINT
Extracted from PDF file 2019-maine-form-1120me.pdf, last modified October 2019

More about the Maine Form 1120ME Corporate Income Tax TY 2019

We last updated the Corporate income tax form in March 2020, so this is the latest version of Form 1120ME, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 1120ME directly from TaxFormFinder. You can print other Maine tax forms here.

Other Maine Corporate Income Tax Forms:

TaxFormFinder has an additional 61 Maine income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 1120X-ME Amended income tax return
Form 1120ES-ME Vouchers for estimated tax payments
Form 1120ME Corporate income tax form
Form 1120B-ES/ME Vouchers for estimated tax payments
Form 1120EXT-ME Extension payment voucher

Download all ME tax forms View all 62 Maine Income Tax Forms


Form Sources:

Maine usually releases forms for the current tax year between January and April. We last updated Maine Form 1120ME from the Revenue Services in March 2020.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Maine Form 1120ME

We have a total of nine past-year versions of Form 1120ME in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 1120ME

19_1120me.indd

2018 Form 1120ME

18_1120ME- 12.6.18 downloadable.indd

2017 Form 1120ME

17_1120ME.indd

2016 Form 1120ME

16_1120ME_20160930.indd

Corporate income tax form 2015 Form 1120ME

15_1120ME.indd

Corporate income tax form 2014 Form 1120ME

14_1120ME.indd

Corporate income tax form 2013 Form 1120ME

12_1120ME_rev052112.indd

2012 Form 1120ME

12_1120ME_rev052112.indd

2011 Form 1120ME

11_1120ME_rev041812.indd


TaxFormFinder Disclaimer:

While we do our best to keep our list of Maine Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

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