Massachusetts Member's Income and Expenses
Extracted from PDF file 2020-massachusetts-schedule-u-m.pdf, last modified February 2020
Member's Income and Expenses2020 Massachusetts Schedule U-M Member’s Income and Expenses For calendar year 2020 or taxable period beginning Revenue 2020 and ending Member’s name Check if non-U.S. corporation Department of Federal Identification number Check if treaty-based income exclusion Tax type Financial institution Name of principal reporting corporation Tax year beginning Ending Taxable member Business corporation Federal Identification number Yes No Non-income measure only Group election Affiliated group Worldwide Neither Figures shown are taken from (check no more than one): Pre-consolidation separate company 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Separate U.S. 1120 as filed Net sales Cost of goods sold Gross profit Dividends Interest income Gross rents Gross royalties Capital gains net income Net gain or (loss) from Form 4797 Other income Total income Officer’s compensation Salaries and wages Repairs and maintenance Bad debts Rents Taxes and licenses Interest expense Charitable contributions Depreciation Depletion Advertising Pension and profit sharing Employee benefit programs Reserved for future use Other deductions Total deductions Net income before NOL and special deductions Pro forma, U.S. 1120S filed Pro forma, other U.S. return filed a. b. c. Unadjusted Fiscalization Combined reporting federal amount adjustment adjustments Pro forma, no U.S. return filed Eliminations/adjustments d. e. Excluded Separately stated f. income taxable income Adjusted total
More about the Massachusetts Schedule U-M Corporate Income Tax TY 2020
We last updated the Member's Income and Expenses in March 2021, so this is the latest version of Schedule U-M, fully updated for tax year 2020. You can download or print current or past-year PDFs of Schedule U-M directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Related Massachusetts Corporate Income Tax Forms:
|Form Code||Form Name|
|Schedule U-TM||Tax by Member|
|Schedule U-CI||Combined Income|
|Schedule U-CS||Credits Shared from Other Members|
|Schedule U-E||Massachusetts Unitary or Affiliated Group Income|
|Schedule U-IC||Member's Individual Credits|
|Schedule U-INS||Payment to Insurance Companies Under Common Owners|
|Schedule U-MSI||Member's Apportioned Share of Group Income|
|Schedule U-NOLS||Member's Shared Loss Carryover|
|Schedule U-RF||Refundable Credits (OBSOLETE)|
|Schedule U-ST||Member’s Separate Computation of Tax|
Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Schedule U-M from the Department of Revenue in March 2021.
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 Schedule U-M
We have a total of ten past-year versions of Schedule U-M in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Massachusetts Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.