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Massachusetts Free Printable  for 2023 Massachusetts Unrelated Business Income Tax Return

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Unrelated Business Income Tax Return
Form M-990T

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 M-990T Unrelated Business Income Tax Return For calendar year 2022 or taxable year beginning 2022 2022 and ending Most corporate excise taxpayers, including tax-exempt corporations and trusts, are subject to the electronic filing requirements. See Technical Information Release 16-9. Name of corporation Federal Identification number Mailing address State Taxpayer’s books are in care of Telephone number Number of employees in Massachusetts Number of employees worldwide ● 501( )( ) (Enter IRC section number) See instructions ● e tb Use whole dollar method. ill Unrelated Business Income. m Federal Identification number of parent corporation no Name of parent corporation E- Fill in if the corporation was a subsidiary in an affiliated group or a parent-subsidiary controlled group during the taxable year  n. 501(c)(3) Fi ● w in 1 Unrelated business taxable income (from Schedule E, Part II, line 18). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . 1 fo r Fill in if at io O Amended return due to federal audit  ac ce p ●  Final return  ●  Name change  ●  Address change  ●  Amended return (see instructions)  ●  Amended return due to federal change ●  Amended return due to IRS BBA Partnership Audit  ●  Enclosing Schedule DRE  ●  Enclosing Schedule FCI Enclosing Schedule TDS  ●  S election termination or revocation  ●  Member of a lower-tier entity Initial return  le ● ● ● nl y. Fill in if (see instructions) Zip te d. City/Town ns or e 2 Foreign, state or local income, franchise, excise or capital stock taxes deducted from U.S. net income . . . . . . . . . . . . . . . 2 m tu r 3 Section 168(k) “bonus” depreciation adjustment. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 re 4 Section 31I and 31K intangible expense add back adjustment. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 fo r 5 Section 31J and 31K interest expense add back adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 21 -9 er 6 Federal NOL add back adjustment (from Schedule E, Part II, line 17). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Pa p 7 State and municipal bond interest not included in U.S. net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Other adjustments (from Schedule E, Part III, line 3). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 an d 9 Income subject to apportionment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Income apportionment percentage (from Schedule F, line 5 or 1.0, whichever applies). . . . . . . . . . . . . . . . . . . . . . . . . . . 10 16 -9 11 Multiply line 9 by line 10.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Declaration Date Print paid preparer’s name Title / / Date Paid preparer’s phone Paid preparer’s ( EIN TI Signature of appropriate officer (see instructions) e R s Under penalties of perjury, I declare that to the best of my knowledge and belief this return and enclosures are true, correct and complete. appropriate corporate officer  / Se / Fill in if you are signing as an authorized delegate of the   (enclose Form M-2848) ) Paid preparer’s signature Preparer’s PTIN Date / Fill in if self-employed / Taxpayer’s e-mail address The Privacy Act Notice is available upon request. Mail to Massachusetts Department of Revenue, PO Box 7067, Boston, MA 02204. 2022 FORM M-990T, PAGE 2 Name of corporation Federal Identification number Unrelated Business Income (cont’d.) 12 Income not subject to apportionment (from Schedule E, Part IV). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Add lines 11 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Certified Massachusetts solar or wind power deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Taxable income before net operating loss deduction. Subtract line 14 from line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Loss carryover deduction (from Schedule NOL). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Taxable income. Subtract line 16 from line 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Excise before credits 19 Credit recapture (enclose Schedule CRS) and/or additional tax on installment sales. See instructions. . . . . . . . . . . . . . . 19 nl y. te d. 18 Multiply line 17 by .08. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 20 Excise due before credits. Add lines 18 and 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 ac ce p O Any credit being claimed must be determined with respect to the unrelated business activity being reported on this return. le Credits. at io n. tb e E- Excise after credits Fi 21 Total credits. Enclose Schedule CMS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 ns Payments or e w in ill 24 Total excise plus voluntary contribution. Add lines 22 and 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 m 23 Voluntary contribution for endangered wildlife conservation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 fo r no 22 Excise due before voluntary contributions. Subtract line 21 from line 20. Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . 22 tu r 25 2021 overpayment applied to 2022 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 27 Payment made with extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 28 Payment with original return. Use only if amending a return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Pa p 29. Pass-through entity withholding . . . . . . . . . . . . . . . . . . . . . . . . . Payer Identification number 21 -9 er fo r re m 26 2022 Massachusetts estimated tax payments (do not include amount in line 25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 29 30 Total refundable credits. Enclose Schedule CMS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 an d 31 Total payments. Add lines 25 through 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 16 -9 Refund or balance due 33 Amount overpaid to be credited to 2023 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 34 Amount overpaid to be refunded. Subtract line 33 from line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 R s 32 Amount overpaid. Subtract line 24 from line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 36a M-2220 penalty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36a e TI 35 Balance due. Subtract line 31 from line 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36 Total penalty. Add lines 36a and 36b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 37 Interest on unpaid balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Se 36b Other penalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36b 38 Total payment due at time of filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Massachusetts Department of Revenue Schedule E (Form M-990T) Name of corporation 2022 Federal Identification number Part I Unrelated Trade or Business Income (from U.S. Form 990T, Schedule A, Part I) 1a Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a 1b Less returns and allowances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b 1c Balance. Subtract line 1b from line 1a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c 2 Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Gross profit. Subtract line 2 from line 1c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4a Capital gain net income (attach Schedule D. From U.S. Form 1120). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a 4b Net gain or loss from U.S. Form 4797 (attach U.S. Form 4797). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b nl y. te d. 4c Unused capital loss carryover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4c 4d Balance. Subtract line 4c from the total of lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4d O ac ce p 5 Income or loss from a partnership or an S corporation (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 le 6 Rent income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 n. Fi 7 Unrelated debt-financed income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 at io e E- 8 Interest, annuities, royalties and rents from a controlled organization.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 tb 9 Investment income of § 501(c)(7), (9) or (17) organizations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 ill w in 12 Other income (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 ns or e 13 Total income. Combine lines 3 through 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Part II Deductions Not Taken Elsewhere (from U.S. Form 990T, Schedule A, Part II) m tu r 1 Compensation of officers, directors, and trustees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 fo r re 2 Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 21 -9 er 3 Repairs and maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Pa p 4 Bad debts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 an d 6 Taxes and licenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 16 -9 8 Less depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Depletion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 s 10 Contributions to deferred compensations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 R 11 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 TI 12 Excess exempt expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 e 13 Excess readership costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Other deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Se m 11 Advertising income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 fo r no 10 Exploited exempt activity income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 15 Total deductions. Combine lines 1 through 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 2022 SCHEDULE E (FORM M-990T), PAGE 2 Name of corporation Federal Identification number Part II Deductions Not Taken Elsewhere (from U.S. Form 990T, Schedule A, Part II) (cont’d.) 16 Unrelated business income before applying net operating loss deduction. Subtract line 15 from Part I, line 13. . . . . . . . . . 16 17 Deduction for net operating loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Unrelated business taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Part III Adjustments (other adjustments from Form M-990T, Line 8) 1 Research and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Abandonded building and renovation deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Adjustments other than in lines 1 and 2. List item(s) and amount(s). Enter total of all other adjustments on line 3 (see instructions): Amount nl y. O te d. Item ac ce p n. le 3 Total line 3 adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 at io e E- Fi 4 Total Part III adjustments. Combine total of lines 1 through 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 tb Part IV Adjustments (income not subject to apportionment from M-990T, Line 12) no Amount ns tu r in or e w ill fo r Item m m 1 List item(s) and amount(s) of income not subject to apportionment (see instructions): Se e TI R s 16 -9 an d Pa p 21 -9 er fo r re 1 Total Part IV adjustments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Extracted from PDF file 2022-massachusetts-form-m-990t.pdf, last modified October 2022

More about the Massachusetts Form M-990T Corporate Income Tax Tax Return TY 2022

We last updated the Unrelated Business Income Tax Return in January 2023, so this is the latest version of Form M-990T, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form M-990T 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 M-990T.

Form Code Form Name
Form M-990T-7004 Unrelated Business Income Tax Extension
Form M-990T-62 Exempt Trust and Unincorporated Association Income

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 M-990T from the Department of Revenue in January 2023.

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Form M-990T 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 M-990T

We have a total of twelve past-year versions of Form M-990T 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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