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Massachusetts Free Printable  for 2022 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 2021 or taxable year beginning 2021 2021 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 Federal Identification number Mailing address City/Town State Zip Phone number Name of treasurer Fill in if a Taxpayer Disclosure Statement is enclosed ● Fill in if Federal audit ● Final return ● e EFi le 1 Unrelated business taxable income (from U.S. Form 990T, Schedule A, line 18) See instructions. . . . . . . . . . . . . . . . . . . 3 1 tb rm 2 Foreign, state or local income, franchise, excise or capital stock taxes deducted from U.S. net income . . . . . . . . . . . . . . 3 2 at io Use whole dollar method. n. ac ce Excise calculation. ) (Enter IRC section number) y. )( nl ● 501( O 501(c)(3) pt e Fill in if ● Enclosing Schedule FCI d. ●  Amended return (see instructions) ● Federal amendment ● ●  Amended return due to IRS BBA Partnership Audit no in fo 3 Section 168(k) “bonus” depreciation adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 4 Section 31I and 31K intangible expense add back adjustment.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 or w e ill 5 Federal NOL add back adjustment (from U.S. Form 990T, Schedule A, line 17) See instructions. . . . . . . . . . . . . . . . . . . 3 5 rm rn s 6 Section 31J and 31K interest expense add back adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 re tu 8 Abandoned Building Renovation deduction . . . . . . . . . . . . . . . . . . . . . . . . Total cost fo 7 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7 × .10 = 3 8 -9 9 Other adjustments, including research and development expenses (enclose explanation). . . . . . . . . . . . . . . . . . . . . . . . 3 9 21 er 10 Income subject to apportionment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 10 Pa p 11 Income apportionment percentage (from Schedule F, line 5 or 1.0, whichever applies). . . . . . . . . . . . . . . . . . . . . . . . . 3 11 an d 12 Multiply line 10 by line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 12 13 Income not subject to apportionment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 13 16 - 9 14 Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14 15 Certified Massachusetts solar or wind power deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 15 Se e Declaration TI R s 16 Taxable income before net operating loss deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 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 corporate officer (see instructions) Date Phone Signature of paid preparer Date Employer Identification number Address If you are signing as an authorized delegate of the appropriate corporate officer, fill in oval ● 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. 2021 FORM M-990T, PAGE 2 Name of company Excise calculation Federal Identification number (cont’d.) 17 Loss carryover deduction (from Schedule NOL). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 17 18 Taxable income. Subtract line 17 from line 16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 18 19 Multiply line 18 by .08. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Credit recapture (enclose Schedule CRS) and/or additional tax on installment sales. See instructions. . . . . . . . . . . . . 3 20 21 Excise due before credits. Add lines 19 and 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Credits. Any credit being claimed must be determined with respect to the unrelated business activity being reported on this return. 22 Total credits. Enclose Schedule CMS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 22 d. te Excise after credits ac ce p nl y. 23 Excise due before voluntary contributions. Subtract line 22 from line 21. Not less than “0”. . . . . . . . . . . . . . . . . . . . . . . . . 23 n. O 24 Voluntary contribution for endangered wildlife conservation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 24 no at io fo r 26 2020 overpayment applied to 2021 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 26 m tb Payments e EFi le 25 Total excise plus voluntary contribution. Add lines 23 and 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 25 28 Payment made with extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 28 or e ill in 27 2021 Massachusetts estimated tax payments (do not include amount in line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 27 30. Pass-through entity withholding . . . . . . . . . . . . . . . . . . . . . . Payer Identification number 3 rm ur ns w 29 Payment with original return. Use only if amending a return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 29 3 30 fo 31 Total refundable credits. Enclose Schedule CMS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 31 -9 21 er Refund or balance due re t 32 Total payments. Add lines 26 through 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 d Pa p 33 Amount overpaid. Subtract line 25 from line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 35 Amount overpaid to be refunded. Subtract line 34 from line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 35 36 Balance due. Subtract line 32 from line 25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 36 37a M-2220 penalty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 37a 37b Other penalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 37b 37 Total penalty. Add lines 37a and 37b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 TI R s 16 -9 an 34 Amount overpaid to be credited to 2022 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 34 38 Interest on unpaid balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 38 Se e 39 Total payment due at time of filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 39
Extracted from PDF file 2021-massachusetts-form-m-990t.pdf, last modified September 2021

More about the Massachusetts Form M-990T Corporate Income Tax Tax Return TY 2021

We last updated the Unrelated Business Income Tax Return in February 2022, so this is the latest version of Form M-990T, fully updated for tax year 2021. 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.

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 February 2022.

Show Sources >

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 eleven 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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