Form 355x - Amended Corporation Excise Return (Page 4 of 4) in pdf

Line 24. Overpayment, if any, as shown or as adjusted on the

Line 30. Total amount due

original return

Add lines 27, 28 and 29 and enter the amount in line 30. This is

Enter the overpayment claimed on the original return or as ad-

the amount due for this tax period. Make check payable to Com-

justed by DOR.

monwealth of Massachusetts. Mail Form 355X along with pay-

ment to Massachusetts Department of Revenue, PO Box 7004,

Note: Any refund requested on your original return but not yet re-

Boston, MA 02204.

ceived will be refunded separately from this return.

Explanation of Changes/Signature Section

Line 25. Net payments

Line 31. Explanation of changes

Subtract line 24 from line 23.

Enter the line number for which you are reporting a change.

Line 26. Amount of refund

Report the specific item from the original return that is being

If line 25 is greater than line 17, column C, enter difference.

amended and the dollar amount of each change. Remember to in-

clude amended schedules plus a copy of any Form 1120X filed

Line 27. Additional tax due

with the IRS, if applicable.

If line 25 is less than line 17, column C, enter the difference. This

is the amount of additional tax that is due.

Signature

Form 355X will not be valid unless signed by a corporate officer

Line 28. Penalties

along with his/her Social Security number. If an individual or firm

The penalty for failure to pay the total payment due at the time of

was used to prepare Form 355X, they must sign the return, pro-

filing is ¹⁄₂% of the tax due per month (or fraction thereof) up to a

vide their Federal Identification number, and attach M-2848, Power

maximum of 25%. A late payment penalty does not apply to

of Attorney.

amended returns when the amount shown on the original return

was timely paid.

Questions concerning Form 355X

If there are any questions regarding Form 355X, contact: Massachu-

Line 29. Interest

setts Department of Revenue, Customer Service Bureau — Corpo-

If the return is filed after the original due date, interest is due on

rate Tax Unit, PO Box 7010, Boston, MA 02204 (617) 887-MDOR.

the amount in line 27. Interest should be calculated from the statu-

tory due date of the return, without regard to extension, to the date

the payment of additional tax due is made. The following interest

rates apply:

July 1,1983 to 12/31/92 . . . . . . . . . . . . . . . . . . . . . . 18% per year

January 1, 1993 to present: Federal short term interest rate plus

four percentage points.

Form 355x - Amended Corporation Excise Return Page 4

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