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Massachusetts Free Printable 355SC for 2020 Massachusetts Massachusetts Security Corporation Return

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Massachusetts Security Corporation Return
355SC

Massachusetts Department of Revenue Form 355SC Security Corporation Excise Return For calendar year 2019 or taxable period beginning 2019 2019 and ending An exact copy of U.S. Forms 1120 or 1120-RIC, including all applicable schedules and forms required to substantiate the Massachusetts excise, must be made available to the Department of Revenue upon request. Any changes or amendments to any U.S. amount must be explained in detail. Name of corporation U.S. Principal Business Code Federal Identification number 3 3 Principal business address City/Town State Zip Phone number State Zip Phone number Principal business address in Massachusetts City/Town Fill in if Amended return (see “Amended Return” in instructions)      1 Fill in if corporation is incorporated within Massachusetts 3 Federal amendment      Federal audit      Final return 2 Date of charter (mm/dd/yyyy) 3 3b Fill in if Class 2 security corporation 3 3a Fill in if Class 1 security corporation 3 4 Date corporation first classified as security corporation (mm/dd/yyyy) 7 Average number of employees in Massachusetts 3 5 Date business began in Mass. (mm/dd/yyyy) 1b6 State or country of incorporation 3 8 Fill in if taxpayer disclosure statement included 3 9a Most recent year audited by IRS (mm/dd/yyyy) 3 9b Fill in if adjustments have been reported to Massachusetts 3 10 Corporation’s books are in the care of 10b Title 11 Corporation (fill in one only) 3 New      Terminated      Has predecessor      Has successor 12 Fill in if entity continues to qualify as a security corporation. If Yes, enclose statement explaining changes in corporate activity since last qualified. 3 13a Fill in if corporation is participating in the filing of a U.S. consolidated return 3 14 U.S. form(s) and schedule(s) filed for this tax year 3 1120      1120-RIC      851      5471      13b Federal Identification number of parent 1120S      1120-REIT Declaration 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 appropriate officer (see instructions) Date Social Security number Title Signature of paid preparer Date Employer Identification number Address If you are signing as an authorized delegate of the appropriate corporate officer, check here and enclose Massachusetts Form M-2848, Power of Attorney. The Privacy Act Notice is available upon request. Mail to: Massachusetts Department of Revenue, PO Box 7067, Boston, MA 02204. 2019 FORM 355SC, PAGE 2 Name of corporation U.S. Principal Business Code 3 Federal Identification number 3 Computation of excise. Use whole dollar method. 11 Total U.S. income (from U.S. Form 1120 or appropriate form). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1 12 State and municipal bond interest not included in line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 13 Adjustments to income (enclose schedule; see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 14 Massachusetts gross income. Add lines 1 through 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 15 Class 1 excise, if applicable (line 4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . × .0033 5 16 Class 2 excise, if applicable (line 4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . × .0132 6 17 Excise before credits (line 5 or 6, whichever is applicable). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 18 Total Credits (From Schedule CMS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 8 19 Excise after credits. Subtract line 8 from line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Minimum excise (cannot be prorated). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Excise due before voluntary contribution (line 9 or 10, whichever is larger). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Voluntary contribution for endangered wildlife conservation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 12 13 Excise due plus voluntary contribution. Add lines 11 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 13 14 2018 overpayment applied to 2019 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14 15 2019 estimated tax payments (do not include amount in line 14). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 15 16 Payments made with extension. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 16 17 Payment with original return (use only if amending a return). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Amount overpaid. Subtract line 13 from total of lines 14 through 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Amount of line 18 to be credited to 2020 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 19 20 Amount of line 18 to be refunded. Subtract line 19 from line 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 20 21 Balance due. Subtract total of lines 14 through 17 from line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 a M-2220 penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21a b Other penalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21b 22 Total penalty. Add lines 21a and 21b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 Interest on unpaid balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 23 24 Total payment due at time of filing. Add lines 21 through 23. Make remittance payable to Commonwealth of Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 24 456 2019 FORM 355SC, PAGE 3 Name of corporation U.S. Principal Business Code 3 Federal Identification number 3 Schedule A — Balance sheet as of — a. Start of tax year b. End of tax year Assets 11 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 12 Federal and state government obligations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 13 Other current assets (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14 Other investments (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 15 Buildings and other fixed depreciable assets (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . 5 16 Accumulated depreciation of fixed depreciable asssets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 17 Net value of depreciable assets. Subtract line 6 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 18 Land (net of any amortization). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 19 Intangible assets (amortizable only). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Accumulated amortization of intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Net value of intangible assets. Subtract line 10 from line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Other assets (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Total assets. Add lines 1 through 4, 7, 8, 11 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Liabilities and capital a. Start of tax year 14 Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Mortgages, notes, bonds payable in less than one year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Other current liabilities (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Mortgages, notes, bonds payable in one year or more. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Other liabilities (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Preferred capital stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Common capital stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 Paid-in or capital surplus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 22 Appropriated retained earnings (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 Unappropriated retained earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Total liabilities and capital before treasury stock deduction. Add lines 14 through 23. . . . . . . 24 25 Cost of treasury stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26 Total liabilities and capital. Subtract line 25 from line 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Ownership information 11 Fill in if at any time during taxable year more than 50% of the voting stock was: a Of another corporation owned by your corporation If Yes, enclose an ownership schedule (see instructions). b Of your corporation owned by any single entity If Yes, enclose an ownership schedule (see instructions). Note: For rules of attribution, see Section 267(c) of Internal Revenue Code. 12 Fill in if at any time during taxable year: a Any amount was owed by your corporation If Yes, enter amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a b Any amount was owed to your corporation If Yes, enter amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b Note: Include loans, accounts receivable and accounts payable. b. End of tax year
Extracted from PDF file 2019-massachusetts-form-355sc.pdf, last modified January 2020

More about the Massachusetts Form 355SC Corporate Income Tax TY 2019

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

Other Massachusetts Corporate Income Tax Forms:

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

Form Code Form Name
Schedule 3K-1 Partner's Distributive Share
Form 355S-PV Massachusetts Corporate Payment Voucher
Form 355-ES-2019 Corporate Estimated Tax Payment Vouchers
Form 3 Partnership Return
Schedule NTS-L-NR/PY No Tax Status and Limited Income Credit

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 355SC from the Department of Revenue in March 2020.

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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 355SC

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