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  • Ma Form 355 Sbc 2014

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Forms and Schedules for tax year 2013 MA - Massachusetts The following forms and schedules are supported in the ProSeries Tax program for the state of Massachusetts. Corporate MA 355 MA 355-7004 MA 355-ES MA 355-PV MA 355 SBC MA 355 Sch E-2 MA 355 Sch F MA AA-1 MA Allotment LIHC MA Certificate LIHC MA Early Electn LIHC MA Transfer LIHC MA F-2 MA M-2220 MA M-8453C MA Non-Profit Rpt soc MA PCFPC soc Corporate Excise Tax Return Application of Extens.

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Is there a minimum salary for S Corp shareholder-employees? No — the IRS can't require a minimum salary for self-employed workers. The requirement only comes into play if you're paying distributions to shareholders.

California does tax S Corps Most states follow the federal IRS rules and don't make S Corps pay income tax, but California is an exception. All California LLCs or corporations that choose S Corp taxation must pay a 1.5% state franchise tax on their net income.

The minimum tax is $456. Taxable Period: The taxable period for corporations is either the calendar year or the corporation's fiscal year....Corporate Excise: Basic Structure. Gross Receipts or SalesApplyApplyTax Rate (9.5% or respective S-corp rates)Tax Rate of 0.26%equalsequals31 more rows

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.

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.

S Corporation Taxes S corporations whose income from passive activities exceeds 25 percent of the corporation's gross receipts must pay corporate tax on the excess income from the passive activities. The tax is charged at a rate of about 21 percent of the excess passive income.

Corporate Excise: Basic Structure Gross Receipts or SalesequalsMassachusetts Taxable IncomeTaxable Massachusetts Tangible Property or Net WorthApplyApplyTax Rate (9.5% or respective S-corp rates)Tax Rate of 0.26%30 more rows

S corporations will file Form 355S indicating on the face of such return that they are subject to combined reporting for their income measure of excise and exclude from that separate return the income that is reported on the group's Form 355U (Schedule E is not required unless the taxpayer has income from a source ...

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© Copyright 1997-2025
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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
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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