MASSACHUSETTS DEPARTMENT OF REVENUE REGULATION FACT SHEET

TITLE: 830 CMR 63.30.3: Entity Classification under St. 2008, c. 173

REGULATORY HISTORY:
Emergency Regulation promulgated: December 24, 2008
Regulation promulgated: March 20, 2009

SUMMARY OF REGULATION:
Under St. 2008, c. 173, Massachusetts entity classification will in all cases conform to federal classification. The regulation sets forth the general rules of entity classification, namely, whether an entity is a corporation, partnership, or disregarded entity for tax filing purposes. It states the tax consequences of reclassification under the new statute, providing transition rules. Finally, it describes changes in estimated tax payment responsibilities that may occur as the result of the statutory change.

PREPARED BY:
Massachusetts Department of Revenue
Rulings and Regulations Bureau
100 Cambridge Street, 7 th floor
Boston, Massachusetts 02114
(617) 626-3250
FAX: (617) 626-3290