Fillable Printable Form 355 2016
Fillable Printable Form 355 2016
Form 355 2016
File pg. 1
FOR PRIVACY ACT NOTICE,
SEE INSTRUCTIONS.
PRINT IN BLACK INK
Calendar year filers enter 01-01-2016 and 12-31-2016 below. Fiscal year filers enter appropriate dates.
Tax year beginning 3Tax year ending 3
FEDERAL IDENTIFICATION NUMBER (FID)
Form 355 Business/Manufacturing Corporation Excise Return2016
NAME OF CORPORATION
PRINCIPAL BUSINESS ADDRESSCITY/TOWN/POST OFFICESTATEZIP + 4
PRINCIPAL BUSINESS ADDRESS IN MASSACHUSETTS (IF DIFFERENT)CITY/TOWN/POST OFFICESTATEZIP + 4
Fill in if: Amended return (see instructions)3Federal amendment3Federal audit3Member of lower-tier entity
Enclosing Schedule TDS3Final Massachusetts return3Initial return3Name change3Address change3
1Fill in if corporation is incorporated within Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
2Date of incorporation in Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3Type of corporation (select one, if applicable). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Section 38 manufacturer Mutual fund service
4Type of corporation (select one, if applicable) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3R&D Classified mfg RIC Public REIT
5Fill in if corporation is filing a Massachusetts unitary return (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
6FID of principal reporting corporation (if answer to line 5 is Yes). . . . . . . . . . . . . . . . . . . . . . . . . 36
7Fill in if answer to question 5 is Yes and corporation’s tax year ends in a different month than the 355U. . . . . . . . . . . . . . . . . . . . . . . . . . 3
8Fill in if corporation is an insurance mutual holding corporation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
9Fill in if corporation is requesting alternative apportionment (enclose Form AA-1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
10Principal business code (from U.S. return). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310
11Average number of employees in Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12Average number of employees worldwide. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13Foreign corporation: first date of business in Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14Last year audited by IRS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 314
15Fill in if adjustments have been reported to Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16Fill in if corporation is deducting intangible or interest expenses paid to a related entity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
17Fill in if: 3Taxpayer is claiming exemption from the income measure of the excise pursuant to PL 86-272
3Taxable only with respect to partnership activity
SIGN HERE. Under penalties of perjury, I declare that to the best of my knowledge and belief this return and enclosures are true, correct and complete.
Signature of appropriate officer (see instructions)DatePrint paid preparer’s namePreparer’s SSN
/ /
or PTIN
3
TitleDatePaid preparer’s phonePaid preparer’s
/ /
()EIN
3
Are you signing as an authorized delegate of the appropriatePaid preparer’s signatureDateFill in if self-employed
corporate officer?
(enclose Form M-2848)No
/ /
Taxpayer’s e-mail address
Mail to: Massachusetts Department of Revenue, PO Box 7005, Boston, MA 02204.
File pg. 2
1Taxable Massachusetts tangible property,
if applicable (from Schedule C, line 4). . . . . . 3×.0026 = 31
2Taxable net worth, if applicable (from
Schedule D, line 10) . . . . . . . . . . . . . . . . . . . . 3×.0026 = 32
3Massachusetts taxable income (from Schedule E,
line 27). Not less than “0”. . . . . . . . . . . . . . . . . . . . . 3×.0800 = 33
4Credit recapture (enclose Credit Recapture Schedule). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . 34
5Additional tax on installment sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
6Excise before credits. Add line 1 or 2, whichever applies, to total of lines 3 through 5. . . . . . . . . . . . . . . . 6
7Total credits (from Credit Manager Schedule; unitary filers, see instructions). . . . . . . . . . . . . . . . . . . . . 37
8Excise after credits. Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9Combined filers only, enter the amount of tax from Schedule U-ST, line 41. . . . . . . . . . . . . . . . . . . . . . . . . 9
10Minimum excise (cannot be prorated; unitary filers, see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11Excise due before voluntary contribution. (line 8 or 10, whichever is greater) . . . . . . . . . . . . . . . . . . . . . . 11
12Voluntary contribution for endangered wildlife conservation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 312
13Excise due plus voluntary contribution. Add lines 11 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 313
142015 overpayment applied to your 2016 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 314
152016 Massachusetts estimated tax payments (do not include amount in line 14). . . . . . . . . . . . . . . . . 315
16Payment made with extension. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 316
17Pass-through entity withholding (from Schedule 3K-1)
Payer ID number 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 317
18Total refundable credits (from Credit Manager Schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 318
19Total payments. Add lines 14 through 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
20Amount overpaid. Subtract line 13 from line 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
21Amount overpaid to be credited to 2017 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .321
22Amount overpaid to be refunded. Subtract line 21 from line 20. . . . . . . . . . . . . . . . . . . . . . . . Refund 322
23Balance due. Subtract line 19 from line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance due323
24a. M-2220 penalty 3b. Late file/pay penalties. . . . a + b = 24
25Interest on unpaid balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
26Payment due at time of filing. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total due 326
2016 FORM 355, PAGE 2
EXCISE CALCULATION
2016 FORM 355, PAGE 3
CORPORATION NAME
FEDERAL IDENTIFICATION NUMBER
Schedule A Balance Sheet2016
A.B. ACCUMULATED DEPRECIATIONC.
ASSETSORIGINAL COSTAND AMORTIZATIONNET BOOK VALUE
1Capital assets in Massachusetts:
a.Buildings. . . . . . . . . . . . . . . . . . 31a3
b.Land. . . . . . . . . . . . . . . . . . . . . . 31b
c.Motor vehicles and trailers. . . . 31c3
d.Machinery taxed locally. . . . . . . 31d3
e.Machinery not taxed locally. . . . . . 1e
f.Equipment. . . . . . . . . . . . . . . . . . . 1f
g.Fixtures. . . . . . . . . . . . . . . . . . . . . 1g
h.Leasehold improvements taxed
locally. . . . . . . . . . . . . . . . . . . . . . . 31h3
i.Leasehold improvements not
taxed locally. . . . . . . . . . . . . . . . . . . . 1i
j.Other fixed depreciable assets. . . . 1j
k.Construction in progress. . . . . . . . 1k
l.Total capital assets in Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31l
2Inventories in Massachusetts:
a.General merchandise. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a
b.Exempt goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32b
3Supplies and other non-depreciable assets in Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4Total tangible assetts in Massachusetts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
5Capital assets outside of Massachusetts:
a.Buildings and other depreciable
assets. . . . . . . . . . . . . . . . . . . . . . . . . 5a
b.Land. . . . . . . . . . . . . . . . . . . . . . . . 5b
6Leaseholds/leasehold improvements
outside Massachusetts. . . . . . . . . . . . 6
7Total capital assets outside
Massachusetts. . . . . . . . . . . . . . . . . 373
BE SURE TO CONTINUE SCHEDULE A ON OTHER SIDE
File pg. 4
8Inventories outside Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9Supplies and other non-depreciable assets outside Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10Total tangible assets outside of Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11Total tangible assets. Add lines 4 and 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12Investments (capital stock investments and equity contributions only):
a.Investments in subsidiary corporations at least 80% owned. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 312a
b.Other investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 312b
13Notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14Accounts receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15Intercompany receivables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 315
16Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
18Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 318
LIABILITIES AND CAPITAL
19Mortgages on:
a.Massachusetts tangible property taxed locally. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19a
b.Other tangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19b
20Bonds and other funded debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
21Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
22Intercompany payables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 322
23Notes payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
24Miscellaneous current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
25Miscellaneous accrued liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
26Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 326
27Total capital stock issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
28Paid-in or capital surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
29Retained earnings and surplus reserves. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 329
30Undistributed S corporation net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 330
31Total capital. Add lines 27 through 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
32Treasury stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
33Total liabilities and capital. Do not enter less than “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
FEDERAL IDENTIFICATION NUMBER
2016 FORM 355, PAGE 4
5
If a loss, mark an X in box at left
2016 FORM 355, PAGE 5
CORPORATION NAME
FEDERAL IDENTIFICATION NUMBER
Schedule B Tangible or Intangible Property Corporation Classification2016
Enter all values as net book values from Schedule A, col. c.
1Total Massachusetts tangible property (from Schedule A, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2Massachusetts real estate (from Schedule A, lines 1a and 1b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3Massachusetts motor vehicles and trailers (from Schedule A, line 1c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4Massachusetts machinery taxed locally. Classified manufacturers enter “0” (from Schedule A, line 1d). . . . . . 4
5Massachusetts leasehold improvements taxed locally (from Schedule A, line 1h). . . . . . . . . . . . . . . . . . . . . . . 5
6Massachusetts tangible property taxed locally. Add lines 2 through 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .36
7Massachusetts tangible property not taxed locally. Subtract line 6 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . 7
8Total assets (from Schedule A, line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9Massachusetts tangible property taxed locally (from line 6 above). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10Total assets not taxed locally. Subtract line 9 from line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11Investments in subsidiaries at least 80% owned (from Schedule A, line 12a). . . . . . . . . . . . . . . . . . . . . . . . . 11
12Assets subject to allocation. Subtract line 11 from line 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13Income apportionment percentage (from Schedule F, line 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14Allocated assets. Multiply line 12 by line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 314
15Tangible property percentage. Divide line 7 by line 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Schedule C Tangible Property Corporation
Complete only if Sched. B, line 15 is 10% or more. Enter all values as net book values from Sched. A, col. c.
1Total Massachusetts tangible property (from Schedule A, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2Exempt Massachusetts tangible property:
a.Massachusetts real estate (from Schedule A, lines 1a and 1b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a
b.Massachusetts motor vehicles and trailers (from Schedule A, line 1c). . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b
c.Massachusetts machinery taxed locally. Classified manufacturers enter “0” (from Schedule A, line 1d). . 2c
d.Massachusetts leasehold improvements taxed locally (from Schedule A, line 1h). . . . . . . . . . . . . . . . . . . . 2d
e.Exempt goods (from Schedule A, line 2b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e
f.Certified Massachusetts industrial waste/air treatment facilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2f
g.Certified Massachusetts solar or wind power deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2g
3Total exempt Massachusetts tangible property. Add lines 2a through 2g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4Taxable Massachusetts tangible property. Subtract line 3 from line 1. Do not enter less than “0.”
Enter result in line 1 of the Excise Calculation on page 2, and enter “0” in line 2 of the Excise Calculation. . . . 4
2016 FORM 355, PAGE 6
CORPORATION NAME
FEDERAL IDENTIFICATION NUMBER
Schedule D Intangible Property Corporation2016
Complete only if Sched. B, line 15 is less than 10%. Enter all values as net book values from Sched. A, col. c.
1Total assets (from Schedule A, line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2Total liabilities (from Schedule A, line 26). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3Massachusetts tangible property taxed locally (from Schedule B, line 6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4Mortgages on Massachusetts tangible property taxed locally (from Schedule A, line 19a). . . . . . . . . . . . . . . . 4
5Subtract line 4 from line 3. Do not enter less than “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6Investments in subsidiaries at least 80% owned (from Schedule A, line 12a). . . . . . . . . . . . . . . . . . . . . . . . . . 6
7Deductions from total assets. Add lines 2, 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8Allocable net worth. Subtract line 7 from line 1. Do not enter less than “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9Income apportionment percentage (from Schedule F, line 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10Taxable net worth. Multiply line 8 by line 9. Enter result in line 2 of the Excise Calculation on page 2, and
enter “0” in line 1 of the Excise Calculation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Schedule E-1 Dividends Deduction
1Total dividends. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2Dividends from Massachusetts corporate trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3Dividends from non-wholly-owned DISCs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4Dividends, if less than 15% of voting stock owned. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5Dividends from RICs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6Dividends from REITs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7Total taxable dividends. Add lines 2 through 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8Dividends eligible for deduction. Subtract line 7 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9Dividends deduction. Multiply line 8 by .95. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
2016 FORM 355, PAGE 7
CORPORATION NAME
FEDERAL IDENTIFICATION NUMBER
Schedule E Taxable Income2016
1Gross receipts or sales (from U.S. Form 1120, line 1c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
2Gross profit (from U.S. Form 1120, line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
3Other deductions (from U.S. Form 1120, line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
4Net income (from U.S. Form 1120, line 28). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
5Allowable U.S. wage credit. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
6Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7State and municipal bond interest not included in U.S. net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
8Foreign, state or local income, franchise, excise or capital stock taxes deducted from U.S. net income 38
9Section 168(k) “bonus” depreciation adjustment. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
10Section 31I and 31K intangible expense add back adjustment. See instructions. . . . . . . . . . . . . . . . . . . . . 310
11Section 31J and 31K interest expense add back adjustment. See instructions. . . . . . . . . . . . . . . . . . . . . . . 311
12Federal production activity add back adjustment. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 312
13Other adjustments, including research and development expenses. See instructions. . . . . . . . . . . . . . 313
14Add lines 6 through 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15Abandoned building renovation deduction. . . . . . . . . . . . . . . ×.10 = 315
16Dividends deduction (from Schedule E-1, line 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 316
17Exception(s) to the add back of intangible expenses (enclose Schedule ABIE). . . . . . . . . . . . . . . . . . . . . . . 317
18Exception(s) to the add back of interest expenses (enclose Schedule ABI). . . . . . . . . . . . . . . . . . . . . . . . . 318
19Income subject to apportionment. Subtract the total of lines 15 through 18 from line 14. . . . . . . . . . . . . 19
20Income apportionment percentage (from Schedule F, line 5 or 1.0, whichever applies). . . . . . . . . . . . . . . . . . . 320
21Multiply line 19 by line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
22Income not subject to apportionment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 322
23Total net income allocated or apportioned to Massachusetts. Add lines 21 and 22. . . . . . . . . . . . . . . . 323
24Certified Massachusetts solar or wind power deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 324
25Massachusetts taxable income before net operating loss deduction. Subtract line 24 from line 23. . . . . 25
26Net operating loss deduction (enclose Schedule NOL). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 326
27Massachusetts taxable income. Subtract line 26 from line 25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
28Total net operating loss available for carryover to future years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 328
5
If a loss, mark an X in box at left
