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Massachusetts Free Printable form M-990T-62 for 2020 Massachusetts Exempt Trust and Unincorporated Association Income

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Exempt Trust and Unincorporated Association Income
form M-990T-62

Massachusetts Department of Revenue Form M-990T-62 Exempt Trust and Unincorporated Association Income Tax Return For calendar year 2019 or taxable period beginning Name of trust or unincorporated association 2019 and ending Employer Identification number Unrelated business activity codes State Phone Mailing address City/Town Exempt under IRC section (fill in one only) 501  408A  529(a)  220(e)  Zip Group exemption number 530(a) Organization type 501(c) trust  Other trust Describe the primary unrelated business activity of the trust or unincorporated association Books are in care of Phone Name of treasurer Fill in if filing Schedule TDS Fill in if: Amended return (see instructions)  Amended return due to federal change 5.05% unrelated trade or business income 11 Gross profit (from U.S. Form 990-T, line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 12 5.05% long-term capital gain net income (from Form 2, Schedule D, line 18). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 13 5.05% interest and dividend income (from Form 2, Schedule B, line 35). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14 Income (loss) from partnerships and S corporations (from U.S. Form 990-T, line 5. Do not include any interest or dividend income included in line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 15 Rent income (from U.S. Form 990-T, line 6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 16 Unrelated debt-financed income (from U.S. Form 990-T, line 7. Do not include any interest or dividend income included in line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 17 Interest, annuities, royalties, and rents from controlled organizations (from U.S. Form 990-T, line 8. Do not include any interest or dividend income included in line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 18 Investment income of an IRC § 501(c)(7), (9), or (17) organization (from U.S. Form 990-T, line 9. Do not include any interest or dividend income included in line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 19 Exploited exempt activity income (from U.S. Form 990-T, line 10. Do not include any interest or dividend income included in line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Advertising income (from U.S. Form 990-T, line 11. Do not include any interest or dividend income included in line 3). 10 11 Other income (from U.S. Form 990-T, line 12. Do not include any interest or dividend income included in line 3). . . . . 11 12 5.05% unrelated trade or business income. Add lines 1 through 11. Not less than 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Declaration I declare under the pains and penalty of perjury that to the best of my knowledge, the information contained herein is accurate and complete. Signature of appropriate corporate officer (see instructions) Date Social Security number 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 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-62, PAGE 2 Name of trust or unincorporated association Employer Identification number Unrelated business activity codes` Deductions not taken elsewhere and Massachusetts adjustments 13 Total deductions (from U.S. Form 990-T, line 29). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Charitable contributions (from U.S. Form 990-T, line 20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 IRC § 168(k) bonus depreciation (included on U.S. Form 990-T, line 21). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Production activity deduction (included on U.S. Form 990-T, lines 13 and 28). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Add lines 14 through 16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Subtract line 17 from line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Massachusetts deduction for amounts payable to or permanently set aside for charitable purposes. . . . . . . . . . . . . . . 19 20 Total deductions after Massachusetts adjustments. Add lines 18 and 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 5.05% tax 21 5.05% unrelated trade or business taxable income. Subtract line 20 from line 12. Not less than 0. . . . . . . . . . . . . . . . . 21 22 5.05% tax. Multiply line 21 by .0505 (5.05%). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 12% unrelated trade or business capital gains 23 Total 12% capital gain net income (from Form 2, Schedule B, line 30). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Excess deductions 24 Excess deductions allowed against 12% unrelated trade or business capital gains. If line 20 is greater than 12, subtract line 12 from line 20 and enter the result here. Otherwise, enter 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 12% tax 25 12% unrelated trade or business taxable capital gains. Subtract line 24 from line 23. Not less than 0. . . . . . . . . . . . . . 25 26 12% tax. Multiply line 25 by 12%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Tax before credits 27 Credit recapture (from Schedule CRS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 28 Additional tax on installment sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 29 Total tax. Add lines 22 and 26 through 28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Credits 30 Credit for income taxes paid to other jurisdictions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 31 Other credits (from Schedule CMS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 32 Total credits. Add lines 30 and 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 33 Tax after credits. Subtract line 32 from line 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 34 AMENDED RETURN ONLY. Overpayment from original return. Not less than 0. See instructions. . . . . . . . . . . . . . . . 34 35 Tax after credits and overpayment from original return. Add lines 33 and 34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 2019 FORM M-990T-62, PAGE 3 Name of trust or unincorporated association Employer Identification number Unrelated business activity codes Payments 36 Massachusetts income tax withheld (enclose all Forms W-2, W-2G, 1099-G and 1099-R). . . . . . . . . . . . . . . . . . . . . . . 36 37 2018 overpayment applied to your 2019 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 38 2019 Massachusetts estimated tax payments (do not include the amount in line 37). . . . . . . . . . . . . . . . . . . . . . . . . . . 38 39 Payments made with extension. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 40 Refundable credits (from Schedule CMS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 41 AMENDED RETURN ONLY. Payments made with original return. Not less than 0. See instructions. . . . . . . . . . . . . . 41 42 Total tax payments. Add lines 36 through 41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Refund or balance due 43 Overpayment. If line 35 is smaller than line 42, subtract line 35 from line 42 and enter the result in line 43. If line 35 is larger than line 42, go to line 46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 44 Amount of overpayment you want applied to your 2020 estimated taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 45 Amount of your refund. Subtract line 44 from line 43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 46 Tax due. If line 35 is larger than line 42, subtract line 42 from line 35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 47 M-2210F penalty; Other penalties Total penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 48 Total payment due at time of filing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 49 Interest on unpaid balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Extracted from PDF file 2019-massachusetts-form-m-990t-62.pdf, last modified January 2020

More about the Massachusetts Form M-990T-62 Corporate Income Tax TY 2019

We last updated the Exempt Trust and Unincorporated Association Income in February 2020, so this is the latest version of Form M-990T-62, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form M-990T-62 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-62.

Form Code Form Name
Form M-990T-7004 Unrelated Business Income Tax Extension
Form M-990T Unrelated Business Income Tax Return

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-62 from the Department of Revenue in February 2020.

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 M-990T-62

We have a total of nine past-year versions of Form M-990T-62 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form M-990T-62

form M-990T-62

2018 Form M-990T-62

form M-990T-62

2017 Form M-990T-62

form M-990T-62


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