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Massachusetts Free Printable  for 2024 Massachusetts Member's Apportioned Share of Group Income

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Member's Apportioned Share of Group Income
Schedule U-MSI

CAUTION: 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. 2023 Schedule U-MSI Member’s Apportioned Share of Group Income For calendar year 2023 or taxable period beginning Massachusetts Department of Revenue 2023 and ending Member’s name Federal identification number Tax type: Group type indicator ● Financial institution  ● Business corporation ● Financial  ● Non-financial  ● Mixed Principal reporting corporation Federal identification number Unitary business identifier 1 Check if income of any member is taxable in any other state  ● 2 If the corporation has a special status for apportionment, check the appropriate box:  ● Section 38 manufacturer  ● Mutual fund service corporation for mutual fund services income  ● Mutual fund service corporation for other income 3 Check if there was a change in method of calculating one or more factors from prior year  ●.  If checked, explain_____________________________ te d. Property Factor n. at io e w 14 15 16 17 18 19 20 21 22 23 Pa p 21 -9 er fo r re m tu r ns or e 14 Member’s Massachusetts receipts from loans and other financial instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Member’s Massachusetts destination tangible sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Member’s Massachusetts throwback sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Member’s Massachusetts sales of services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Member’s Massachusetts rents and royalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Member’s Massachusetts other sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Member’s Massachusetts receipts assigned to this corporation under Finnigan rule. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Total Massachusetts receipts for apportioning combined group taxable income. Combine lines 14 through 20. . . . . . . . . 22 Total worldwide sales for the combined group (from Schedule U-E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Massachusetts sales factor for apportioning combined group taxable income (enter as a decimal) . . . . . . . . . . . . . . . . . an d Apportionment Percentage 16 -9 24 Property factor weight for apportionment. Enter “1” or “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Payroll factor weight for apportionment. Enter “1” or “0” (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Sales factor weight for apportionment. Enter “2”, “1” or “0” (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Massachusetts apportionment or allocation percentage for combined group taxable income (enter as a decimal). . . . . . . 24 25 26 27 s Member’s Share of Combined Group’s Taxable Income e TI R 28 Combined group income or (loss), excluding capital gains (from Schedule U-E, line 33). . . . . . . . . . . . . . . . . . . . . . . . . . 29 Corporation’s share of combined Massachusetts income, excluding capital gains or (losses). . . . . . . . . . . . . . . . . . . . . . . 30 Combined group capital gains or (losses) (from Schedule U-E, line 31) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Corporation’s share of combined Massachusetts capital gains or (losses). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Combined group section 1231 gains or (losses) (from Schedule U-E, line 32). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Corporation’s share of combined Massachusetts section 1231 gains or (losses). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Se fo r Sales Factor in ill no 11 Member’s Massachusetts wages for apportioning combined group taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Total worldwide wages for the combined group (from Schedule U-E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Member’s Massachusetts payroll factor for apportioning combined group taxable income (enter as a decimal). . . . . . . . 13 m tb Payroll Factor E- Fi le O ac ce p nl y. 4 Member’s Massachusetts financial institution property owned (financial institutions only). . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Member’s Massachusetts financial institution intangible property for apportionment (if mixed group, enter 20% of line 4). . . 5 6 Member’s Massachusetts tangible property owned for apportioning combined group taxable income . . . . . . . . . . . . . . . . . 6 7 Member’s Massachusetts tangible property rented for apportioning combined group taxable income. . . . . . . . . . . . . . . . . . 7 8 Total Massachusetts property for apportioning combined group taxable income. Combine lines 5 through 7. . . . . . . . . . . 8 9 Total worldwide property for the combined group (from Schedule U-E). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Member’s Massachusetts property factor for apportioning combined group taxable income (enter as a decimal). . . . . . . . 10 28 29 30 31 32 33
Extracted from PDF file 2023-massachusetts-schedule-u-msi.pdf, last modified February 2023

More about the Massachusetts Schedule U-MSI Corporate Income Tax TY 2023

We last updated the Member's Apportioned Share of Group Income in January 2024, so this is the latest version of Schedule U-MSI, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule U-MSI 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 Schedule U-MSI.

Form Code Form Name
Schedule U-ST Member’s Separate Computation of Tax
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-M Member's Income and Expenses
Schedule U-MTI Member’s Taxable Income from Sources Other Than the Unitary Business
Schedule U-NOLS Member's Shared Loss Carryover
Schedule U-TM Tax by Member

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-MSI from the Department of Revenue in January 2024.

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 Schedule U-MSI

We have a total of thirteen past-year versions of Schedule U-MSI in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


Member's Apportioned Share of Group Income 2013 Schedule U-MSI

sch. U-MSI_sch. U-MSI


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