Massachusetts Tax by Member
Extracted from PDF file 2019-massachusetts-schedule-u-tm.pdf, last modified January 2020
Tax by Member2019 Massachusetts Schedule U-TM Tax By Member For calendar year 2019 or taxable period beginning Principal reporting corporation a. Member’s Federal Identification no. Department of Revenue 2019 and ending Federal Identification number b. Tax type 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Total. . . . . . . . . . . . . . . . . . . . . . . . . . . c. Income measure d. Non-income measure e. Other excise f. Credits g. Net excise
More about the Massachusetts Schedule U-TM Corporate Income Tax Tax Credit
We last updated the Tax by Member in March 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Massachusetts Department of Revenue. You can print other Massachusetts tax forms here.
Related Massachusetts Corporate Income Tax Forms:
|Form Code||Form Name|
|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-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-TM from the Department of Revenue in March 2020.
Schedule U-TM is a Massachusetts Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
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-TM
We have a total of nine past-year versions of Schedule U-TM 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.