Massachusetts Financial Statement (Long Form) is a document used to report financial information to the Massachusetts Department of Revenue. The Long Form is typically used by businesses, non-profits, and individuals. It includes information such as income, expenses, assets, liabilities, and capital. It includes a balance sheet, income statement, and a statement of cash flows. The Long Form also includes detailed information about the taxpayer's investments, real estate holdings, and other financial assets and liabilities. There are two versions of the Long Form: the Personal Financial Statement and the Business Financial Statement. The Personal Financial Statement is used by individuals and includes detailed information about their income, expenses, assets, liabilities, and capital. The Business Financial Statement is used by businesses and includes detailed information about their income, expenses, assets, liabilities, and capital.
Massachusetts Financial Statement (Long Form)
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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Tips to Help Ensure your Financial Statement is Accurate & Complete Do not estimate your monthly expenses.Make sure you account for all income.Report assets at their proper fair market value.Make sure all the assets and liabilities are accounted for.Update your financial statement.
FS stands for Financial Statement.
Tips to Help Ensure your Financial Statement is Accurate & Complete Do not estimate your monthly expenses.Make sure you account for all income.Report assets at their proper fair market value.Make sure all the assets and liabilities are accounted for.Update your financial statement.
A personal financial statement is a form or spreadsheet detailing a person's financial state at a certain point in time.It details income; the financial worth of stocks, bonds, annuities, mutual funds, and life insurance; and values certain assets.
Massachusetts only has $41.5 billion of assets available to pay bills totaling $115.5 billion. Because Massachusetts doesn't have enough money to pay its bills, it has a $74 billion financial hole. To fill it, each Massachusetts taxpayer would have to send $28,100 to the state.
