The Massachusetts Department of Revenue has released its 2011 corporate tax forms. These forms reflect all known changes and DOR revisions and are "subject only to further federal or state legislative action."

Please note that all forms are in PDF format and require the free Adobe Acrobat Reader.

Upon request, forms are available in an alternative format. Please send your request to: Massachusetts Department of Revenue, Office of Diversity and Equal Opportunity, PO Box 9557, Boston, MA 02114-9557.

Additional forms and information are available through the Secretary of the Commonwealth's Corporations Division.

2011 Corporate Drafts Change Log

A major change for the current year is the addition of the non-income measure of excise to Form 355U.  A business corporation will only file a separate form 355 or 355S to calculate its non-income measure of excise if its separate federal taxable year ends at a different time than the common year used to determined combined group income.  A Massachusetts S corporation that is included in a 355U will also continue to file form 355S but that return will be informational only and will include Schedules SK-1. 

Note that obvious year end updates (plus one) and reference updates are not listed in this change log.

Form 355
Page 2, line 3: Tax rate reduced from .0875 to .0825.
Page 2, line 4: The text from the 2010 version has been split into 2 lines. Installment sales tax due is now entered on line 5.
Subsequent lines renumbered (plus 1).
Page 8 (Corporate Disclosure): keying arrows deleted.
Page 9 (Schedule RF), line 5 is new (Conservation Land Credit and certificate number added). Number 5 from the 2010 version is now number 6.

Form 355S
Page 2, line 3: Tax rate reduced from .0875 to .0825.
Page 2, line 6: Tax rate reductions.
Page 2, line 7: The text from the 2010 version has been split into 2 lines. Installment sales tax due is now entered on line 8.
Subsequent lines renumbered (plus 1).
Page 2, line 6: Tax rate reductions for S corporations with revenues of $6 million or more.
Page 8 (Corporate Disclosure): keying arrows deleted.
Page 9 (Schedule RF), line 5 is new (Conservation Land Credit and certificate number added). Number 5 from the 2010 version is now number 6.

Schedule CG
Part 1, lines 8 and 9 deleted.
Part 2, renamed and rewritten.
Part 4 (each member), line 8 deleted.
Text on headers for Part 3 and Part 4 changed.

Schedule E-2
Lines 1b, 2b, 3b, 4b, 5b: The word “pre-apportionment” added to text.
Line 4. response oval changed from 355C to 355U.
Line 7, reference changed to read from line 26.

Schedule H-2
Life Science tax credit added.

Schedule SK-1
Line 4q is new (Conservation Land Credit).

Schedule TTP
(Formerly Schedule U-TTP)
Header has minor text change and an additional line.
The income exclusions and combined filer sections of the schedule are collecting the same basic information as the 2010 Schedule U-TTP but the schedule has been reformatted and is no longer exclusive to the 355U filer.

Form 355SBC
Line 3, tax rate reduced from .0875 to .0825.

Form M-990T
Line 18, tax rate reduced from .0875 to .0825.
Line 47, Conservation Land Credit added. Subsequent lines renumbered.

Schedule RC
Page 2, Part 2, above line 1, new question added.
Page 2, line 1; References updated.
Page 2, Part 3, above line 1, new question added.
Line 17, column D, response boxes eliminated. 

New for Tax Year 2011

Schedule DRE
Disclosure of Disregarded Entity

Schedule FE
Report with Respect to Foreign Entities

November 17, 2011 Edit

Schedule FE
4th line of header: word taxpayer changed to corporation.

 

December 12, 2011 Edits

Schedule E-2

Line 7 reference changed to read from line 25.

Form 355

Schedule E
Line 1 reference changed to read from U.S. Form 1120, line 1e.
It formerly read from U.S. Form 1120, line 1c.

Form 355S

Schedule E
Line 1 reference changed to read from U.S. Form 1120, line 1e.
It formerly read from U.S. Form 1120, line 1c.

 

January 23, 2012 Edit

Schedule FE

Line 3: Reference changed from 1a to1c.

Lines 19 and 20: “See instructions” deleted.