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Massachusetts Free Printable M-990T for 2020 Massachusetts Unrelated Business Income Tax Return

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Unrelated Business Income Tax Return
M-990T

Massachusetts Department of Revenue Form M-990T Unrelated Business Income Tax Return For calendar year 2019 or taxable period beginning 2019 2019 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 company 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 Amended return (see “Amended return” in instructions)      Federal amendment      Federal audit      Final return Exempt under IRC section (fill in one only) 501      408(e)      408A      529(a)      220(e)      530(a) Organization type (fill in one only) 501(c) corporation      501(c) trust      401(a) trust      Other Excise calculation. Use whole dollar method. 11 Unrelated business taxable income (from U.S. Form 990T, line 39). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1 12 Foreign, state or local income, franchise, excise or capital stock taxes deducted from U.S. net income. . . . . . . . . . . . 3 2 13 Section 168(k) “bonus” depreciation adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 14 Section 31I and 31K intangible expense add back adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 15 Federal NOL add back adjustment (See instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 16 Section 31J and 31K interest expense add back adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 17 Reserved for future use. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7 18 Abandoned Building Renovation deduction. . . . . . . . . . . . . . . . . . . . . Total cost × .10 = 38 19 Other adjustments, including research and development expenses (enclose explanation). . . . . . . . . . . . . . . . . . . . . . . 3 9 10 Income subject to apportionment. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 10 11 Income apportionment percentage (from Schedule F, line 5 or 1.0, whichever applies). . . . . . . . . . . . . . . . . . . . . . . . 3 11 12 Multiply line 10 by line 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 12 13 Income not subject to apportionment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 13 14 Add lines 12 and 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14 15 Certified Massachusetts solar or wind power deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 15 16 Taxable income before net operating loss deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 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 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. 2019 FORM M-990T, PAGE 2 Name of company Federal Identification number Excise calculation (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 Excise after credits 23 Excise due before voluntary contributions. Subtract line 22 from line 21. Not less than “0”. . . . . . . . . . . . . . . . . . . . . . . 23 24 Voluntary contribution for endangered wildlife conservation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 24 25 Total excise plus voluntary contribution. Add lines 23 and 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 25 Payments 26 2018 overpayment applied to 2019 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 26 27 2019 Massachusetts estimated tax payments (do not include amount in line 26). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 27 28 Payment made with extension. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 28 29 Payment with original return. Use only if amending a return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 29 30 Pass-through entity withholding. . . . . . . . . . . . . . . . . . . . . Payer Identification number 3 3 30 31 Total refundable credits. Enclose Schedule CMS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 31 32 Total payments. Add lines 26 through 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Refund or balance due 33 Amount overpaid. Subtract line 25 from line 32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 34 Amount overpaid to be credited to 2020 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 34 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 38 Interest on unpaid balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 38 39 Total payment due at time of filing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 39
Extracted from PDF file 2019-massachusetts-form-m-990t.pdf, last modified February 2020

More about the Massachusetts Form M-990T Corporate Income Tax Tax Return TY 2019

We last updated the Unrelated Business Income Tax Return in March 2020, so this is the latest version of Form M-990T, fully updated for tax year 2019. 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 March 2020.

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 nine 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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