Massachusetts Application for Section 42 Method of Apportionment
Extracted from PDF file 2023-massachusetts-form-aa-1.pdf, last modified June 2023
Application for Section 42 Method of ApportionmentForm AA-1 Application for Section 42 Method of Apportionment For calendar year or taxable year beginning Rev. 5/23 Massachusetts Department of Revenue and ending Registration Business code number (from U.S. return) Federal identification number Name of corporation Present address of principal office Present location of principal office in Massachusetts Pursuant to MGL ch 63, § 42 and 830 CMR 63.42.1 the corporation named herein makes application for permission to use section 42 alternative apportionment. An applicant seeking permission to use an alternative apportionment method must first file a return and pay the tax using the statutory method. See 830 CMR 63.42.1. An application will not be considered if it is received by the Commissioner after the due date of the return, taking into account valid extensions. A taxpayer seeking to use an apportionment method that it is otherwise permitted to use does not need to apply for alternative apportionment. For example, a section 38 manufacturer, as defined in MGL ch 63, § 38(l)(1) does not need to apply for alternative apportionment to apply the single-sales factor method under MGL ch 63, § 38(l)(2). Note: If the Commissioner does not act upon an application before the expiration of nine months from the date of filing, the application is deemed denied. The Commissioner and the applicant may agree in writing to extend the time for decision on the application. Enclose With This Application Form: A statement of the reasons, supported by detailed facts, why the applicant believes that the allocation and apportionment provisions of MGL ch 63 are not reasonably adapted to approximate its Massachusetts income. The applicant must show by clear and cogent evidence that the income attributed to Massachusetts using statutory apportionment does not fairly represent the extent of the applicant’s business activity in Massachusetts. A detailed description of the sought after proposed alternative apportionment method and computation of tax applying that alternative method. The applicant must provide a written explanation of the proposed alternative method, attaching sufficient documentation to justify the figures used, their origin, nature and relation to the overall result reached. The Commissioner may request additional information from the applicant. Sign Here Under penalties of perjury, I declare that I have examined this application including accompanying materials, and to the best of my knowledge and belief, it is true, correct and complete. Type or print name of responsible corporate officer Signature of responsible corporate officer Title Date Type or print paid preparer’s name Individual or firm signature of preparer Address Date Authorized representatives or employees of the corporation to whom contents may be disclosed in discussing questions which may arise in connection with this application: Such person must submit a properly completed Power of Attorney (Form M-2848). Name of authorized person Title Address Note: This application must be submitted with the return. Taxpayers filing an electronic return may submit the Form AA-1 electronically with the return filing and electronic payment. For more information on electronic filing and payment requirements see TIR 21-9. Make check or money order payable to the Commonwealth of Massachusetts. Send the application and return to: Massachusetts Department of Revenue, Rulings and Regulations Bureau, PO Box 9566, Boston, MA 02114.
More about the Massachusetts Form AA-1 Corporate Income Tax TY 2023
We last updated the Application for Section 42 Method of Apportionment in February 2024, so this is the latest version of Form AA-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form AA-1 directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Other Massachusetts Corporate Income Tax Forms:
|No Tax Status and Limited Income Credit
|Grantor's/Owner's Share of a Grantor Type Trust
|Massachusetts Business or Manufacturing Corporation
|Massachusetts Fiduciary Income Tax Payment Voucher
Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Form AA-1 from the Department of Revenue in February 2024.
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 AA-1
We have a total of thirteen past-year versions of Form AA-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Form AA-1 2000
While we do our best to keep our list of Massachusetts Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.