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Form 355-7004 Misc. Application for Extension of Time to File Financial Institution Insurance or Miscellaneous Massachusetts Department of Revenue This application may be filed by corporations filing Form 63FI 63-20P 63-23P 121A P. Form 355-7004 Misc. also acts as the required tentative return. The reason for delay must be stated on all requests for extension. filing of this form. An extension for a period longer than sixmonths may be granted if .

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Massachusetts Form 355 Excise Tax includes a tax of $2.60 per $1,000 on taxable Massachusetts tangible property or taxable net worth, whichever applies, and a tax of 8.0% on income attributable to Massachusetts.

Overview. A corporation that is subject to the tax jurisdiction of Massachusetts is generally required to file returns with DOR.

Form 355-7004 also acts as the required tentative return. The reason for delay must be stated on all requests for extension. When Should This Form Be Filed? This application must be filed on or before the 15th day of the third month after the close of the taxable year, calendar or fiscal.

Two parts make up the excise tax regulations for Massachusetts corporations and LLC's. First, there is a 0.26 percent tax on tangible property, and second, there is an 8.75 percent tax on net income.

An S corporation financial institution is taxed at 9.0% on any income that is taxable at the federal level. An S corporation financial institution with gross receipts that are $6 million or more but less than $9 million is subject to the corporate excise at a rate of 2.67% on net income subject to tax.

Generally, Form 7004 must be filed on or before the due date of the applicable tax return. The due dates of the returns can be found in the instructions for the applicable return and or in the return due date and extended due date tables.

Calculating the Excise The excise rate is $25 per $1,000 of your vehicle's value. It is charged for a full calendar year and billed by the community where the vehicle is usually garaged.

The minimum tax is $456....Corporate Excise: Basic Structure. Gross Receipts or SalesMassachusetts Taxable IncomeTaxable Massachusetts Tangible Property or Net WorthApplyApplyTax Rate (9.5% or respective S-corp rates)Tax Rate of 0.26%equalsequals30 more rows

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232