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Massachusetts Free Printable  for 2024 Massachusetts Statement Relating to Research and Development

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Statement Relating to Research and Development
Form 355RD

CAUTION: This tax return must be filed electronically. Paper versions of this return will not be accepted. If you have questions about filing electronically, contact us at 617-887-6367. See https://www.mass.gov/info-details/dor-e-filing-and-paymentrequirements for further information about our electronic filing and payment requirements. Massachusetts Department of Revenue Form 355RD Statement Relating to Research and Development For calendar year 2023 or taxable year beginning 2023 2023 and ending Name of corporation Federal Identification number Street address City/Town State Zip Name of contact person Phone number Phone number E-mail address State corporation’s principal business activity in Massachusetts y. d. 1 Is the corporation presently engaged in research and development within Massachusetts?  ● Yes  ● No O nl te 2 If No, what date will such activity begin (mm/dd/yyyy)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ac ce p 3 Total gross receipts derived from research and development performed in Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . 3 le 4 Total gross receipts derived from all activities in Massachusetts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 n. Fi 5 Total amount of Massachusetts expenditures allocable to research and development. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 at io tb e E- 6 Total amount of Massachusetts manufacturing expenditures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 rm 7 Total amount of Massachusetts administrative expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 fo no 8 Total amount of Massachusetts expenditures, excluding manufacturing or administrative expenditures . . . . . . . . . . . . . . . . 8 in ill Summary of research and development activities. Attach statements if necessary. or ur ns e w 9 Summarize all activities (e.g., research and development, sales, manufacturing, etc.) in which the corporation is involved in Massachusetts re t fo rm 10 Describe in detail the actual research and development process or activities performed by your employees on your business premises in Massachusetts 21 Pa p -9 er 11 Describe in detail the actual research and development process or activities performed by others on a contract, fee or other basis in Massachusetts an d 12 Describe in detail the number, type, condition and original cost of the tangible personal property located in Massachusetts________________________ 16 - 9 13 List localities in which the corporation has property which qualifies for local property tax exemption___________________________________________ R s Declaration TI I declare under the pains and penalties of perjury that to the best of my knowledge, the information contained herein is accurate and complete. e Signature Date Se Mail to  Massachusetts Department of Revenue, PO Box 7027, Boston, MA 02204. Form 355RD Instructions General Information What If The Applicant Is an LLC? If the applicant is a Limited Liability Company (LLC), a copy of the applicant’s U.S. Form 8832, Entity Classification Election, must be included with Form 355RD. U.S. Form 8832 is the means by which an LLC entity declares to the IRS how it elects to be treated for U.S. tax filing and reporting purposes. Who Should File Form 355RD? Form 355RD must be filed by only those entities seeking classification as a research and development corporation for purposes of claiming exemption from local property tax on their machinery situated in a locality that has adopted the exemption provided under MGL ch 59, § 5(16). What Are the Required Qualifications? In order to qualify as a research and development corporation, an entity must meet one of the following requirements. It must derive more than two-thirds of its Massachusetts receipts from research and development or more than two-thirds of its Massachusetts expenditures must be allocable to research and development. See Regulation 830 CMR 64H.6.4, Research and Development, for rules on eligible receipts and expenditures. n. at io e rm tb Se e TI R s 16 - 9 an d 21 Pa p -9 er re t fo rm or ur ns e w in ill fo no E- Fi le Applications for classification as a research and development corporation must be sent to the Department of Revenue on or before January 31 of the calendar year for which classification is sought to be considered for that year. Applications sent after January 31 will be reviewed for classification for the following calendar year. The date of the postmark made by the United States Postal Service on the envelope in which the application is mailed shall determine the date the application was sent. ac ce p O nl When Are Applications Due? te y. d. An entity qualifying as a research and development corporation under the requirements of MGL ch 63, § 42B may be eligible for the Investment Tax credit provided under MGL ch 63, § 31A and for sales tax exemptions provided under MGL ch 64H, § 6(r) and (s) on its purchases of materials and machinery used directly and exclusively in research and development. This is without regard to whether it is classified by the Commissioner as a research and development corporation.
Extracted from PDF file 2023-massachusetts-form-355rd.pdf, last modified February 2023

More about the Massachusetts Form 355RD Corporate Income Tax Tax Return TY 2023

We last updated the Statement Relating to Research and Development in January 2024, so this is the latest version of Form 355RD, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 355RD directly from TaxFormFinder. You can print other Massachusetts tax forms here.


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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 355RD.

Form Code Form Name
Form 355RD-2019 Statement Relating to Research and Development

Download all MA tax forms 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 355RD from the Department of Revenue in January 2024.

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Form 355RD 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 355RD

We have a total of eleven past-year versions of Form 355RD in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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