This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
The Massachusetts Corporation Excise Return Form 355 is designed for corporations operating within the state to report their income and comply with tax laws. This form serves not only to fulfill legal requirements but also allows corporations to account for deductions, credits, and other tax liabilities.
This form should be used by corporations operating in Massachusetts to report their excise tax obligations. It is applicable for both C corporations and S corporations at the end of their tax year.
These include: A W-2 form from each employer. Other earning and interest statements (1099 and 1099-INT forms) Receipts for charitable donations; mortgage interest; state and local taxes; medical and business costs; and other tax-deductible expenses if you are itemizing your return.
Personal Exemption Filing statusExemption amount Single $4,400 Married filing separate $4,400 Head of household $6,800 Married filing joint $8,800
Every executor, administrator, trustee, guardian, conservator, trustee in a noncorporate bankruptcy or receiver of a trust or estate that received in- come in excess of $100 that is taxable under MGL ch 62 at the entity level or to a beneficiary(ies) and that is subject to Massachusetts jurisdiction must file a Form 2.
The personal representative of the estate must file the estate tax return. If there is no personal representative, the person who has the decedent's property must file the return. The term personal representative includes: Executor.
A partnership must annually file a Form 3, Partnership Return, to report the partnership's income to the MA DOR if: It has a usual place of business in Massachusetts, or. Receives federal gross income of more than $100 during the taxable year.