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Massachusetts Free Printable  for 2022 Massachusetts Massachusetts Security Corporation Return

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Massachusetts Security Corporation Return
Form 355SC

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 355SC Security Corporation Excise Return For calendar year 2021 or taxable period beginning 2021 2021 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 address City/Town State Zip Phone number State Zip Phone number City/Town ed . Principal business address in Massachusetts pt y. Fill in if ● Amended return (see “Amended Return” in instructions) ● Federal amendment ● Federal audit ● Final return ● Amended return due to IRS BBA Partnership Audit n. at io nl 3b Fill in if Class 2 security corporation 3 ● e EFi le 3a  Fill in if Class 1 security corporation 3  ● ac ce 2 Date of charter (mm/dd/yyyy) 3 O 1  Fill in if corporation is incorporated within Massachusetts 3  ● 6 State or country of incorporation 7  Average number of employees in Massachusetts 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 ● w 10b Title ur n rm s 10  Corporation’s books are in the care of in or e ill no fo rm 5 Date business began in Mass. (mm/dd/yyyy) 3 tb 4 Date corporation first classified as security corporation (mm/dd/yyyy) -9 re t fo 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 ● 13b Federal Identification number of parent 21 ● 1120S 1120-REIT -9 ● d 14 U.S. form(s) and schedule(s) filed for this tax year 3 ● 1120 ● 1120-RIC ● 851 ● 5471 an Pa p er 13a Fill in if corporation is participating in the filing of a U.S. consolidated return 3 ● 16 Declaration Date Title / / Date Print paid preparer’s name Preparer’s PTIN Paid preparer’s phone Paid preparer’s / ( EIN TI s Signature of appropriate officer (see instructions) R Under penalties of perjury, I declare that to the best of my knowledge and belief this return and enclosures are true, correct and complete. corporate officer? Se e Are you signing as an authorized delegate of the appropriate (enclose Form M-2848) Taxpayer’s e-mail address Name of designated tax matters partner / ) Paid preparer’s signature No Date / Fill in if self-employed / Identifying number of tax matters partner The Privacy Act Notice is available upon request. Mail to Massachusetts Department of Revenue, PO Box 7052, Boston, MA 02204. 2021 FORM 355SC, PAGE 2 Name of corporation U.S. Principal Business Code Federal Identification number 3 3 Computation of excise. Use whole dollar method. 1 Total U.S. income (from U.S. Form 1120 or appropriate form). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 2 State and municipal bond interest not included in line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 3 Adjustments to income (enclose schedule; see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 4 Massachusetts gross income. Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Class 1 excise, if applicable (line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . × .0033 5 6 Class 2 excise, if applicable (line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . × .0132 6 7 Excise before credits (line 5 or 6, whichever is applicable). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Total Credits (From Schedule CMS).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 d. 9 Excise after credits. Subtract line 8 from line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 456 nl y. te 10 Minimum excise (cannot be prorated). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Excise due before voluntary contribution (line 9 or 10, whichever is larger). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 n. ac ce p at io O 12 Voluntary contribution for endangered wildlife conservation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 312 tb e 14 2020 overpayment applied to 2021 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 314 fo r 15 2021 estimated tax payments (do not include amount in line 14). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 315 m EFi le 13 Excise due plus voluntary contribution. Add lines 11 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 313 in no 16 Payments made with extension.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 316 or e ill 17 Payment with original return (use only if amending a return). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 w 18 Amount overpaid. Subtract line 13 from total of lines 14 through 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 rm ur ns 19 Amount of line 18 to be credited to 2022 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 319 fo 20 Amount of line 18 to be refunded. Subtract line 19 from line 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320 re t 21 Balance due. Subtract total of lines 14 through 17 from line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 -9 a M-2220 penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21a 21 er b Other penalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21b d Pa p 22 Total penalty. Add lines 21a and 21b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 an 23 Interest on unpaid balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 323 Se e TI R s 16 -9 24 Total payment due at time of filing. Add lines 21 through 23. Make remittance payable to Commonwealth of Massachusetts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 324 2021 FORM 355SC, PAGE 3 Name of corporation U.S. Principal Business Code Federal Identification number 3 3 Schedule A — Balance sheet as of — Assets a. Start of tax year b. End of tax year 1 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Federal and state government obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Other current assets (enclose schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Other investments (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Buildings and other fixed depreciable assets (enclose schedule) . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Accumulated depreciation of fixed depreciable asssets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 te 8 Land (net of any amortization) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 d. 7 Net value of depreciable assets. Subtract line 6 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 ac ce p nl y. 9 Intangible assets (amortizable only). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 n. 10 Accumulated amortization of intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 at io O 11 Net value of intangible assets. Subtract line 10 from line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 EFi le 12 Other assets (enclose schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 m fo r tb a. Start of tax year no Liabilities and capital e 13 Total assets. Add lines 1 through 4, 7, 8, 11 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 w 15 Mortgages, notes, bonds payable in less than one year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 in rm ur ns 16 Other current liabilities (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 or e ill 14 Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 17 Mortgages, notes, bonds payable in one year or more. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 re t fo 18 Other liabilities (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 -9 19 Preferred capital stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 21 er 20 Common capital stock.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 d Pa p 21 Paid-in or capital surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 an 22 Appropriated retained earnings (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 Unappropriated retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 16 -9 24 Total liabilities and capital before treasury stock deduction. Add lines 14 through 23. . . . . . . . 24 25 Cost of treasury stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 R s 26 Total liabilities and capital. Subtract line 25 from line 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 TI Ownership information 1 Fill in if at any time during taxable year more than 50% of the voting stock was:) Se e a  Of another corporation owned by your corporation b  Of your corporation owned by any single entity ●  If Yes, enclose an ownership schedule (see instructions). ●  If Yes, enclose an ownership schedule (see instructions). Note: For rules of attribution, see Section 267(c) of Internal Revenue Code. 2 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 2021-massachusetts-form-355sc.pdf, last modified November 2021

More about the Massachusetts Form 355SC Corporate Income Tax TY 2021

We last updated the Massachusetts Security Corporation Return in February 2022, so this is the latest version of Form 355SC, fully updated for tax year 2021. 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
Form 355 Massachusetts Business or Manufacturing Corporation
Form 3M Income Tax Return for Clubs and Other Organizations
Form 3 Partnership Return
Form 355-ES Corporate Estimated Tax Payment Vouchers
Schedule 2K-1 Beneficiary's Massachusetts Information

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 February 2022.

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 Massachusetts Form 355SC

We have a total of eleven 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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