Get Form 355

Filling out the Form 355 online is a crucial step for corporations operating in Massachusetts. This guide will help you navigate the process smoothly, ensuring each section and field is completed accurately.

Follow the steps to complete Form 355 online.

1. Click ‘Get Form’ button to obtain the form and open it in the online editor.
2. Begin by entering your corporation’s basic information, such as the corporation name, address, and federal identification number. Ensure all details are accurate as this information will be used for tax processing.
3. Fill out the tax year section, indicating the beginning and end dates of your fiscal year. This helps align your filings with the appropriate tax periods.
4. Complete the income section. Report total income, deduct allowable expenses, and arrive at the net income figure. Consult the related schedules for accurate reporting if needed.
5. Navigate to the apportionment section if your corporation operates in multiple states. Calculate the sales, property, and payroll factors as necessary.
6. In the credits section, enter any credits your corporation is eligible for, ensuring you have the corresponding documentation ready.
7. Review all figures entered in the tax calculation section. Ensure you check the totals and verify they align with the information provided in relevant schedules.
8. Once you are satisfied that every section is complete, save your changes, and choose to download, print, or share the form as needed.

Start filling out your Form 355 online today to ensure compliance with Massachusetts corporate excise requirements.