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Massachusetts Fiduciary Income Tax Return
Extracted from PDF file 2020-massachusetts-form-2.pdf, last modified September 2020Fiduciary Income Tax Return
2020 Massachusetts Department of Revenue Form 2 Fiduciary Income Tax Return Tax year beginning Calendar year filers enter 01–01–2020 and 12–31–2020 below; fiscal year filers enter appropriate dates MM D D Y Y Y Y MM D D Y Y Y Y Tax year ending NAME OF ESTATE OR TRUST ESTATE OR TRUST EMPLOYER IDENTIFICATION NUMBER NAME OF FIDUCIARY TITLE OF FIDUCIARY MAILING ADDRESS OF FIDUCIARY CITY/TOWN/POST OFFICE STATE ZIP + 4 C/O Company account number Date entity created Fill in all that apply: Qualified settlement fund Qualified funeral trust Complex trust Change in trust’s name Change in fiduciary Nonresident beneficiaries listed on return Initial return Final return Fill in if: Amended return (see instructions) MM D D Y Y Y Y Trustee in bankruptcy Simple trust Change in fiduciary’s name Resident estate or trust Nonresident estate or trust Amended return due to federal change Decedent’s estate Guardianship/conservatorship Change in fiduciary’s address Filing Schedule TDS (see instructions) Enclosing Schedule FCI Member of a lower-tier entity PART B INCOME 1 Wages, salaries, tips and other employee compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 0 0 2 Taxable pensions and annuities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0 0 5 IF A LOSS, MARK AN X IN BOX 3 Business/profession or farm income or loss. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 0 0 4 Rental, royalty and REMIC income or loss (enclose Form 2, Schedule E). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 0 0 5 Total Part B 5.0% interest from Massachusetts banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 5 6 Other Part B 5.0% income (winnings, lump-sum distributions, etc.). Enclose statement. . . . . . . . . . . . . . . . . . . . . . . 6 0 0 7 Total Part B 5.0% income. Add lines 1 through 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 0 0 8 Deductions allowed decedents. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 8 9 Total Part B 5.0% income less deductions allowed decedents. Subtract line 8 from line 7. . . . . . . . . . . . . . . . . . . . . 9 0 0 10 Income distribution deduction (from Schedule IDD, line 5). Enclose Schedules IDD and 2K-1. . . . . . . . . . . . . . . . . . . . . 10 0 0 SIGN HERE. Under penalties of perjury, I declare that to the best of my knowledge and belief this return and enclosures are true, correct and complete. SIGNATURE OF FIDUCIARY DATE PRINT PAID PREPARER’S NAME PAID PREPARER’S SSN OR PTIN PAID PREPARER’S PHONE PAID PREPARER’S EIN / / TITLE DATE / / MAY DOR DISCUSS THIS RETURN WITH THE PREPARER? PAID PREPARER’S SIGNATURE / / Yes NAME OF DESIGNATED TAX MATTERS PARTNER DATE IDENTIFYING NUMBER OF TAX MATTERS PARTNER MAIL TO MASSACHUSETTS DEPARTMENT OF REVENUE, PO BOX 7018, BOSTON, MA 02204. IS PAID PREPARER SELF-EMPLOYED? Yes 2020 FORM 2, PAGE 2 NAME OF ESTATE OR TRUST ESTATE OR TRUST EMPLOYER IDENTIFICATION NUMBER 11 Part B 5.0% income taxable to fiduciary. Subtract line 10 from line 9. Not less than 0 . . . . . . . . . . . . . . . . . . . . . . . . . 11 0 0 12 Nonresident/charitable deduction. Not less than 0. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 0 0 13 Net Part B 5.0% income taxable to fiduciary. Subtract line 12 from line 11. Not less than 0 . . . . . . . . . . . . . . . . . . . . . 13 0 0 PART A INTEREST AND DIVIDEND INCOME 14 Part A 5.0% interest and dividend income (from Form 2, Schedule B, line 39). Enclose Schedule B. . . . . . . . . . . . . . . . . 14 0 0 15 Part A 5.0% common trust fund interest and dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 0 0 16 Total Part A 5.0% interest and dividend income. Add lines 14 and 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 0 0 17 Interest distribution deduction (from Schedule IDD, line 10). Enclose Schedules IDD and 2K-1. . . . . . . . . . . . . . . . . . . . 17 0 0 18 Part A 5.0% interest and dividend income taxable to fiduciary. Subtract line 17 from line 16. Not less than 0. . . . . . . . 18 0 0 19 Nonresident/charitable deduction. Not less than 0. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 0 0 20 Net Part A 5.0% interest and dividend income taxable to fiduciary. Subtract line 19 from line 18. Not less than 0 . . . . 20 0 0 21 Net Part A and Part B 5.0% income taxable to fiduciary. add lines 13 and 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 0 0 22 Tax from table. If line 21 is more than $24,000, multiply amount by .05 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 0 0 PART A 12% CAPITAL GAINS 23 Taxable Part A 12% capital gains (from Form 2, Schedule B, line 40). Enclose Schedule B. Not less than 0. . . . . . . . . 23 0 0 24 Part A 12% short-term common trust fund capital gains. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 0 0 25 Total Part A 12% capital gains. Add lines 23 and 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 0 0 26 Income distribution deduction (from Schedule IDD, line 15). Enclose Schedules IDD and 2K-1. . . . . . . . . . . . . . . . . . . . 26 0 0 27 Part A 12% capital gains taxable to fiduciary. Subtract line 26 from line 25. Not less than 0. . . . . . . . . . . . . . . . . . . . . 27 0 0 28 Nonresident/charitable deduction. Not less than 0. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 0 0 29 Net Part A 12% capital gain income taxable to fiduciary. Subtract line 28 from line 27. Not less than 0 . . . . . . . . . . . . 29 0 0 30 12% tax. Multiply line 29 by .12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 0 0 PART C 5.0% CAPITAL GAINS 31 Part C 5.0% long-term capital gains (from Form 2, Schedule D, line 18). Enclose Schedule D. Not less than 0. If filing Schedule D-IS, Installment Sales, fill in oval and enclose Schedule D-IS . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 0 0 32 Part C 5.0% long-term common trust fund capital gains. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 0 0 33 Total Part C 5.0% long-term capital gains. Add lines 31 and 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 0 0 34 Income distribution deduction (from Schedule IDD, line 20). Enclose Schedules IDD and 2K-1. . . . . . . . . . . . . . . . . . . . 34 0 0 35 Part C 5.0% long-term capital gains taxable to fiduciary. Subtract line 34 from line 33. Not less than 0. . . . . . . . . . . . 35 0 0 36 Nonresident/charitable deduction. Not less than 0. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 0 0 2020 FORM 2, PAGE 3 NAME OF ESTATE OR TRUST ESTATE OR TRUST EMPLOYER IDENTIFICATION NUMBER 37 Net Part C 5.0% long-term capital gain income taxable to fiduciary. Subtract line 36 from line 35. Not less than 0 . . . 37 0 0 38 Tax on Part C 5.0% long-term capital gains. Multiply line 37 by .05. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 0 0 39 Credit recapture (from Schedule CRS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 0 0 40 Additional tax on installment sale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40 0 0 41 Total tax. Add lines 22, 30, 38, 39 and 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 0 0 42 Credit for income taxes due to other jurisdictions (enclose Schedule OJC). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 0 0 43 Other credits (from Schedule CMS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 0 0 44 Total credits. Add lines 42 and 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 0 0 45 Credits passed through to beneficiaries on Schedule 2K-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 0 0 46 Credits remaining with fiduciary. Subtract line 45 from line 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 0 0 47 Tax after credits. Subtract line 46 from line 41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 0 0 48 AMENDED RETURN ONLY. Overpayment from original return. Not less than 0. See instructions. . . . . . . . . . . . . . . . . 48 0 0 49 Tax after credits and overpayment from original return. Add lines 47 and 48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 0 0 50 Massachusetts income tax withheld (enclose all Massachusetts W-2, W-2G, 1099-G and 1099-R forms) . . . . . . . . . . . 50 0 0 51 2019 overpayment applied to your 2020 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 0 0 52 2020 Massachusetts estimated tax payments (do not include the amount in line 51) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 0 0 53 Payments made with extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 0 0 54 AMENDED RETURN ONLY. Payment with original return. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 0 0 55 Refundable credits (from Schedule CMS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 0 0 56 Total tax payments. Add lines 50 through 55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 0 0 57 Overpayment. If line 49 is smaller than line 56, subtract line 49 from line 56. Enter the result in line 57. If line 49 is larger than line 56, go to line 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 0 0 58 Amount of overpayment you want applied to your 2021 estimated taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 0 0 59 THIS IS YOUR REFUND. Subtract line 58 from line 57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 R E F U N D 60 TAX DUE. Subtract line 56 from line 49. Pay in full online at mass.gov/masstaxconnect . . . . . . . . . . . . . . . . . . 60 Or pay by mail using Form 2-PV. Make check payable to Commonwealth of Massachusetts. Write EIN in memo section of check and be sure to sign check. Mail to: Massachusetts DOR, PO Box 7018, Boston, MA 02204. These amounts will affect your refund or tax due: Interest 0 0 Penalty 0 0 0 M-2210F amount Exception. Enclose Form M-2210F. 0 0 0 0 0
Form 2
More about the Massachusetts Form 2 Corporate Income Tax Tax Return TY 2020
We last updated the Fiduciary Income Tax Return in July 2021, so this is the latest version of Form 2, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form 2 directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Related Massachusetts Corporate Income Tax Forms:
TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Massachusetts Form 2.
| Form Code | Form Name |
|---|---|
| Form 2-PV | Massachusetts Fiduciary Income Tax Payment Voucher |
| Form M-2210 | Underpayment of Massachusetts Estimated Income Tax |
| Schedule 2K-1 | Beneficiary's Massachusetts Information |
| Schedule C-2 | Excess Deductions Against Trade or Business Income |
| Form 2-G | Grantor's/Owner's Share of a Grantor Type Trust |
| Schedule E-2 | Partnership and S Corporation Income and Loss |
| Form 355-ES-2019 | Corporate Estimated Tax Payment Vouchers |
| Form 355RD-2019 | Statement Relating to Research and Development |
| Form M-2210A | Annualized Income Installment Worksheet |
| Form M-2210F | Underpayment of Massachusetts Estimated Income Tax by Fiduciaries |
View all 127 Massachusetts Income Tax Forms
Form Sources:
Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Form 2 from the Department of Revenue in July 2021.
Form 2 is a Massachusetts Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
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 Massachusetts Form 2
We have a total of ten past-year versions of Form 2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Form 2
form 2
2013 Form 2
form 2
2012 Form 2
2012 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts
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