Form 355x - Amended Corporation Excise Return
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4Form 355X
Massachusetts
Amended
Department of
Corporation Excise Return
Revenue
For calendar or fiscal year beginning
and ending
Registration
Name of corporation
Check if address changed
Federal identification number (FID)
¨
from original filing
¨
Principal business address
City or town
State
Zip
Principal business address in Massachusetts
City or town
State
Zip
2 ¨ Are you amending due to an IRS audit?
1 Corporation’s books are in care of (name and title)
Yes
No
If yes, do not file this form. File Form 355FC (see instructions)
3 ¨ Are you amending your federal tax return?
4 ¨ Do you already owe and have you been billed for additional corporate excise
Yes
No
If yes, attach a copy of the 1120X as filed with IRS
4.
for the year you are amending?
Yes
No. If yes, see instructions
5 ¨ Reason for filing amended return:
6 ¨ Type of return you are amending
Requesting a refund
Increase in original tax due
355A
355B
355S-A
355S-B
No change in tax (please explain in line 31)
355C-A
355C-B
SBC
Attach all revised Massachusetts schedules to the back of this form. Also, attach any 1120X filed with IRS. Provide copies of previous amendments or changes.
Excise Calculations
C corporations complete lines 1 through 5 and skip to line 10.
Column A
Column B
Column C
S corporations complete lines 1 through 3 and skip to line 6.
As originally filed
Net increase or (decrease)
Corrected amount
11 Taxable Mass. tangible property. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 11
¨
¨
$
12 Taxable net worth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 12
¨
¨
$
× .0026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13 Amount from lines 1 or 2
13
$
14 Taxable income in Mass., Schedule E . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 14
¨
¨
$
15 Amount from line 4 × .095. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
$
C corporations: Do not complete lines 6 through 9.
S corporations: For tax years ending on or after December 31, 1988 and before December 31, 1989, if total receipts were less than $6 million, complete lines 1
through 3 above, complete lines 6 and 7 if applicable, and skip to line 10. If total receipts were $6 million or more, complete lines 1 through 5 and skip to line 10.
For tax years beginning after December 31, 1989 complete lines 1 through 3 and lines 6 through 9.
16 Qualifying taxable capital gains and passive
investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 16
¨
¨
$
17 Amount from line 6 × .095. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
$
18 a Total receipts, Schedule S. If line 8 is less than
$6 million, enter “0” in line 8b . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 18a
¨
¨
$
b Taxable income in Mass., Schedule E . . . . . . . . . . . . . . . . . . . . . ¨ 18b
¨
¨
$
19 If line 8a is $6 million or more, but less than $9 million,
multiply line 8b by .03. If line 8a is $9 million or more, multiply
line 8b by .045. Enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
$
Adjustments
10 Excise before credits. S corps add lines 3, 7 and 9 (if applicable).
All other corporations add lines 3 and 5 and enter total here . . . . . . . . . . 10
$
11 Credits: list separately. Attach schedules.
_________________________________________________________
_________________________________________________________
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 11
¨
¨
$
12 Excise after credits.
Subtract line 11 from line 10 . . . . . . . . . . . . . . . . . . . 12
$
456
456
13 Minimum excise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
$
14 Excise due before voluntary contribution (line 12 or line 13,
whichever is greater) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
$
15 Voluntary contribution for endangered wildlife conservation . . . . . . . . . ¨ 15
¨
¨
$
16 Credit Recapture. See Schedule H-2 instructions
(attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 16
¨
¨
$
17 Excise due plus voluntary contribution and recapture.
Add lines 14, 15 and 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 17
¨
¨
$
Carry over the amount in line 17 to the top of the next page.
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