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Massachusetts Free Printable sch. U-M for 2021 Massachusetts Member's Income and Expenses

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Member's Income and Expenses
sch. U-M

2020 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
Extracted from PDF file 2020-massachusetts-schedule-u-m.pdf, last modified February 2020

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:

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-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

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 Schedule U-M from the Department of Revenue in March 2021.

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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:

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