Massachusetts Member's Income and Expenses
Extracted from PDF file 2022-massachusetts-schedule-u-m.pdf, last modified February 2022
Member's Income and ExpensesCAUTION: 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. 2022 Massachusetts Schedule U-M Member’s Income and Expenses For calendar year 2022 or taxable period beginning Department of Revenue 2022 and ending Member’s name Federal identification number Tax year beginning Ending Check if non-U.S. corporation Check if treaty-based income exclusion Tax type Taxable member n n n Financial institution n Business corporation n Yes n No n Non-income measure only Federal identification number Group election Name of principal reporting corporation n Affiliated group n Worldwide n Neither te d nl y. . Figures shown are taken from (check no more than one): n Pre-consolidation separate company n Separate U.S. 1120 as filed n Pro forma, U.S. 1120S filed n Pro forma, other U.S. return filed n Pro forma, no U.S. return filed n Eliminations/adjustments d. Excluded income e. Separately stated taxable income fo rm et ur n s or e w ill no in fo rm tb e at io n. ac ce p c. Combined reporting adjustments 21 -9 pe rr Se e TI R s 16 - 9 an d Pa 1 Net sales 2 Cost of goods sold 3 Gross profit 4 Dividends 5 Interest income 6 Gross rents 7 Gross royalties 8 Capital gains net income 9 Net gain or (loss) from Form 4797 10 Other income 11 Total income 12 Officer’s compensation 13 Salaries and wages 14 Repairs and maintenance 15 Bad debts 16 Rents 17 Taxes and licenses 18 Interest expense 19 Charitable contributions 20 Depreciation 21 Depletion 22 Advertising 23 Pension and profit sharing 24 Employee benefit programs 25 Reserved for future use 26 Other deductions 27 Total deductions 28 Net income before NOL and special deductions b. Fiscalization adjustment EFi le O a. Unadjusted federal amount f. Adjusted total
More about the Massachusetts Schedule U-M Corporate Income Tax TY 2022
We last updated the Member's Income and Expenses in January 2023, so this is the latest version of Schedule U-M, fully updated for tax year 2022. 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:
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 Schedule U-M.
|Form Code||Form Name|
|Schedule U-CI||Combined Income|
|Schedule U-E||Massachusetts Unitary or Affiliated Group Income|
|Schedule U-CS||Credits Shared from Other Members|
|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-MTI||Member’s Taxable Income from Sources Other Than the Unitary Business|
|Schedule U-NOLS||Member's Shared Loss Carryover|
|Schedule U-ST||Member’s Separate Computation of Tax|
|Schedule U-TM||Tax by Member|
View all 127 Massachusetts Income Tax Forms
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 January 2023.
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 twelve 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:
sch. U-M_sch. U-M
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.