Get For The Year January 1december 31, 2020 Or Other Taxable Year Beginning

Filling out the For The Year January 1–December 31, 2020 Or Other Taxable Year Beginning form is essential for individuals seeking to extend their income tax filing in Massachusetts. This guide will provide you with step-by-step instructions to ensure you complete the process accurately and efficiently.

Follow the steps to successfully complete the form online.

1. Press the ‘Get Form’ button to access the form. Open it in your online editor for editing.
2. Begin by entering your total expected tax liability for 2020. This amount is found on Form 1, lines 28 and 34 (if applicable), and on Form 1-NR/PY, lines 32 and 38 (if applicable). Place this figure in the designated box.
3. Next, input the total amount of Massachusetts income tax withheld. Refer to Form 1, lines 38 and 46 (if applicable), or Form 1-NR/PY, lines 42 and 50 (if applicable) for these values.
4. Record the overpayment from 2019 that you plan to apply to your 2020 estimated tax. Ensure you do not enter the refund amount from 2019.
5. Input your 2020 Massachusetts estimated tax payments. Remember to exclude the amount you entered in the previous step.
6. Input any applicable credits you may have, as outlined in Form 1, lines 29 through 31 and 43 through 45, or Form 1-NR/PY, lines 33 through 35 and 47 through 49.
7. Calculate the total by adding the amounts from lines 2 through 5. Enter this sum in the appropriate box.
8. Determine the amount due by subtracting the total from line 6 from the total in line 1. Ensure this amount is not less than zero.
9. If there is an amount due, ensure that you pay it in full by the original return due date. You may submit your payment online or utilize the provided voucher to send a check or money order.
10. Once all entries are completed, review the form for accuracy, save your changes, and either print the document or download it for your records.

Start filling out your forms online today to ensure you meet your tax obligations effortlessly.