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Massachusetts Free Printable SBC for 2020 Massachusetts Small Business Corporation Excise Return

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Small Business Corporation Excise Return
SBC

Form 355SBC Small Business Corporation Excise Return Registration Principal business address 2 3 Date of charter in Massachusetts: 4 3 Fill in if: Amended return Department of 2019 and ending Name of corporation 1 Kind of business: Massachusetts Revenue (domestic corporations only) For calendar year 2019 or taxable year beginning 2019 Federal business code Federal Identification number (FID) 3 3 City/Town State Zip 3 3 Average number of employees in Massachusetts: 5 3 U.S. tax return filed: 1120 Final return Other Use whole dollar method 11. Taxable Massachusetts tangible property, if applicable (from line 19e). . . . . . . . . . . . . . . 3 $ × .0026 = 3 1 12. Taxable net worth, if applicable (from line 25c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 $ × .0026 = 3 2 13. Massachusetts taxable income (from line 35). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 $ × .0800 = 3 3 Computation 14. Total excise. Add line 3 to either line 1 or line 2, whichever applies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 15. Minimum excise (cannot be prorated). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 456 16. Excise due before voluntary contribution (line 4 or line 5, whichever is larger). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 17. Voluntary contribution for endangered wildlife conservation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7 18. Excise due plus voluntary contribution. Add lines 6 and 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 8 19. Prepayments: a. 2018 overpayment applied to your 2019 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9a b. 2019 Massachusetts estimated tax payments (do not include amount in line 9a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9b c. Payments made with extension (attach Form 355-7004). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9c d. Payment with original return (use only if amending a return). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9d Sign Here Refund/Tax Due 9e. Total. Add lines 9a through 9d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9e 10. If line 9e is larger than line 8, enter amount overpaid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11. Enter amount of line 10 to be credited to 2020 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 11 12. Enter amount overpaid to be refunded. Subtract line 11 from line 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 12 13. If line 8 is larger than line 9e, enter balance due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14. M-2220 penalty 3 $_________________ ; Late file/pay penalties 3 $_______________ ;. . . . . . . . . . . . . . . . . . . Total penalty 14 15. Interest on unpaid balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 15 16. Total payment due at time of filing. Add lines 13 through 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total due 3 16 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which he/she has knowledge. Signature of appropriate officer (see instructions) Date Social Security number Title Individual or firm signature of preparer 3 Date Employer ID number Address If you are signing as an authorized delegate of the appropriate corporate officer, check here and attach Massachusetts Form M-2848, Power of Attorney. Privacy act notice available upon request. Mail to: Massachusetts Department of Revenue, PO Box 7005, Boston, MA 02204. Balance sheet as of the last day of the taxable year ending_______________ 17. Intangible property: a. Investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 17a b. Notes and accounts receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 17b c. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 17c d. Other intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 17d e. Total intangible property. Add lines 17a through 17d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17e Assets 18. Tangible property taxed locally: a. Real estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 18a b. Motor vehicles and trailers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 18b c. Machinery. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 18c d. Leasehold improvements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 18d e. Total tangible property taxed locally. Add lines 18a through 18d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18e 19. Tangible property not taxed locally: a. Machinery and equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 19a b. Leaseholds and improvements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 19b c. Inventories and supplies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 19c d. Other fixed assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 19d e. Total tangible property not taxed locally. Add lines 19a through 19d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19e 20. Total assets. Add lines 17e, 18e and 19e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21. Liabilities: Liabilities a. Mortgages on Massachusetts tangible property taxed locally. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 21a b. Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 21b c. Notes and bonds payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 21c d. Loans from stockholders. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 21d e. Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 21e f. Total liabilities. Add lines 21a through 21e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21f 22. Capital stock and surplus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 22 23. Total liabilities and capital. Add lines 21f and 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24. Tangible or intangible property corporation classification: Net Worth a. Subtract line 18e from line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24a b. Divide line 19e by line 24a (enter decimal amount). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24b If line 24b is .10 or greater, enter line 19e in the computation in line 1 and omit line 25. If line 24b is less than .10, complete line 25. 25. Taxable net worth: a. Subtract line 21f from line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25a b. Subtract line 21a from line 18e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25b c. Subtract line 25b from line 25a. Enter here and in the computation on line 2 on the front of this form. . . . . . . . . . . . . . . . . . . . 25c 26. Gross receipts or sales (from U.S. Form 1120, line 1c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 26 27. Gross profit (from U.S. Form 1120, line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 27 Net Income 28. Other deductions (from U.S. Form 1120, line 26). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 28 29. Net income (from U.S. Form 1120, line 28). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 29 30. Allowable U.S. targeted jobs credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 30 31. Net income after credit. Subtract line 30 from line 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 32. State and municipal bond interest not included in U.S. net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 32 33. Massachusetts corporation excise deducted from U.S. net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 33 34. Other adjustments (explain)______________________________________________________________________________ 3 34 35. Massachusetts income. Add lines 31 through 34. Enter here and in the computation in line 3 on the front of this form. If a loss, enter “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 35
Extracted from PDF file 2019-massachusetts-form-355sbc.pdf, last modified January 2020

More about the Massachusetts Form 355SBC Other Tax Return TY 2019

Small Business Corporation Excise Return (for domestic corporations only).

We last updated the Small Business Corporation Excise Return in March 2020, so this is the latest version of Form 355SBC, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 355SBC directly from TaxFormFinder. You can print other Massachusetts tax forms here.

Other Massachusetts Other Forms:

TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form M-4 Massachusetts Employee's Withholding Exemption Certificate
Form 355SBC Small Business Corporation Excise Return
Form M-941 Employer’s Return of Income Taxes Withheld
Form NHR New Hire and Independent Contractor Reporting Form
Form M-4852 Substitute for Form W-2, Wage and Tax Statement

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 355SBC from the Department of Revenue in March 2020.

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Form 355SBC is a Massachusetts Other 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.

Historical Past-Year Versions of Massachusetts Form 355SBC

We have a total of nine past-year versions of Form 355SBC 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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