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Massachusetts Free Printable M-990T-7004 instr with coupon for 2021 Massachusetts Unrelated Business Income Tax Extension

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Unrelated Business Income Tax Extension
M-990T-7004 instr with coupon

Massachusetts Department of Revenue Form M-990T-7004 Unrelated Business Income Tax Extension Payment Worksheet and Voucher This worksheet and voucher may be used by taxpayers filing Form M-990T, Form M-990T-62 or Form 3M. If you are mandated to pay electronically do not use the voucher form below. See TIR 16-9. Worksheet for Tax Due 1 Estimated amount of tax for the taxable year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Advance and/or estimated payments made (if any). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Tax due. Subtract line 2 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 The full amount of tax due reported on line 3 must be paid by or before the original return due date. If there is no tax due on line 3; no further action is needed for the extension. If there is a tax due on line 3, pay online at mass.gov/masstaxconnect or use the M-990T-7004 voucher. General Information Extension Process for Taxpayers That File Form M-990T The extension process is now automated so that all taxpayers that file Form M-990T are given an extension of time to file their tax returns if certain payment requirements are met. Such taxpayers must have paid 50% of the total amount of tax ultimately due by the original due date for filing the return. Taxpayers meeting the payment requirements will be given an eight-month extension. See TIR 15-15 for more information. If at least 50% of the tax due for the taxable year is not paid by the original return due date, the extension is null and void, and penalties and interest for a late return and any late payments will be assessed from the original due date of the return. Extension Process for Taxpayers That File Form M-990T-62 or Form 3M The extension process is automated so that taxpayers that file a Form M-990T-62 or Form 3M are given an extension of time to file their tax returns if certain payment requirements are met. Such taxpayers must have paid 80% of the total amount of tax ultimately due by the original due date for filing the return. Taxpayers meeting these payment requirements will be given a six-month extension. See TIR 16-10 for more information. If at least 80% of the tax due for the taxable year is not paid by the original return due date, the extension is null and void, and penalties and interest for a late return and any late payments will be assessed from the original due date of the return. When Should the Payment with Form M-990T-7004 Be Submitted? Any extension payment due must be paid either electronically or by using the M-990T-7004 voucher on or before the 15th day of the fourth month after the close of the taxable year, calendar or fiscal. Will Interest and Penalties Be Due? An extension of time to file a tax return does not extend the due date for payment of the tax. Interest will be charged on any tax not paid on or before the original due date. Any tax not paid within the extended period is subject to a penalty of 1% per month, up to a maximum of 25%, from the extended due date. If the extension is invalidated for failure to meet the payment requirements then penalties and interest for a late return and late payment will be assessed from the original due date of the return. DETACH HERE 2020 Form M-990T-7004 Massachusetts UBIT Extension Payment Voucher Payment for period end date (mm/dd/yyyy) Name of business Tax type Voucher type ID type 036 18 004 Vendor code 0001 Federal Identification number Check if incorporated in Massachusetts State Amount enclosed $ Type of extension being applied for Automatic eight-month Mailing address City/Town Extension until: Zip Pay online at mass.gov/masstaxconnect. Or, return this voucher with check or money order payable to: Commonwealth of Massachusetts. Mail to: Massachusetts Department of Revenue, PO Box 7062, Boston, MA 02204. AREA RESERVED FOR 2-D BARCODE FORM M-990T-7004, PAGE 2 How Do I Use This Worksheet and Voucher? Use this worksheet to calculate the tax due that must be paid by or before the original due date of the return. Pay online with MassTax Connect at mass.gov/masstaxconnect or use the Form M-990T-7004 Payment Voucher. If using the voucher, be sure to cut where indicated. Keep this worksheet with your records. Do not submit the entire worksheet with the Form M-990T-7004 voucher or your payment may be delayed. Mail the completed voucher with your payment to Massachusetts Department of Revenue, PO Box 7062, Boston, MA 02204. Note: Filers of Form M-990T or M-990T-62 with $100,000 or more in unrelated business taxable income must submit extension payments electronically. Also, filers of Form M-990T making an extension payment of $5,000 or more must make the payment using electronic means. For further information on electronic filing and payment requirements, see TIR 16-9.
Extracted from PDF file 2020-massachusetts-form-m-990t-7004.pdf, last modified February 2020

More about the Massachusetts Form M-990T-7004 Corporate Income Tax Extension TY 2020

We last updated the Unrelated Business Income Tax Extension in February 2021, so this is the latest version of Form M-990T-7004, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form M-990T-7004 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-7004.

Form Code Form Name
Form M-990T Unrelated Business Income Tax Return
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-7004 from the Department of Revenue in February 2021.

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Form M-990T-7004 is a Massachusetts Corporate Income Tax form. The IRS and most states will grant an automatic 6-month extension of time to file income tax and other types of tax returns, which can be obtained by filing the proper extension request form. Obtaining an extension will prevent you from being subject to often very large failure-to-file penalties. However, in most cases this extension does not exempt you from the requirement to pay any tax owed in full by the return's original filing date.

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-7004

We have a total of eight past-year versions of Form M-990T-7004 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form M-990T-7004

M-990T-7004 instr with coupon

2018 Form M-990T-7004

M-990T-7004 instr with coupon

2017 Form M-990T-7004

M-990T-7004 instr with coupon


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