Form Ma Nrcr Instructions - Nonresident Composite Return Instructions Page 2
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35.1% income
Every filer expecting to pay more than $400 in Massachusetts income
taxes on income which is not covered by Massachusetts withholding
Line 2. Massachusetts state lottery winnings
must pay Massachusetts estimated taxes. Estimated tax payments must
Enter in line 2 all winnings from the Massachusetts state lottery. Do not
be made online using WebFile for Income under the feature, “Make an
enter less than “0.” You may only deduct the price of your winning
estimated composite payment.”
ticket. Lottery losses claimed as itemized deductions on U.S. Form
1040, Schedule A are not allowed on the Massachusetts return.
Generally, the first payment must be filed on or before April 15 of the
taxable year. The estimated tax may be paid in four installments on or
Note: DOR routinely matches the amounts in line 2 with files from the
before April 15, June 15, September 15 of the current taxable year and
Lottery Commission.
January 15 of the following year.
Line 4. Interest from Massachusetts banks
If you wish to verify estimated tax payments that have already been
To report interest taxable to a nonresident from banks located in Mas-
made, check the Estimated Tax Payment History Application at WebFile
sachusetts, enter in line 4 all amounts of interest received or credited to
for Income. You will need to be registered to access your account.
these deposit accounts (term and time deposits, including certificates
If 80% of the tax listed on the return is not paid throughout the year
of deposit, savings accounts, savings shares, and NOW accounts)
through estimated payments and prior year credits, a penalty may be
from Schedule B, line 5. Composite filers may not claim an exemption
imposed.
amount for interest from Massachusetts banks.
Line 17. Payments made with extension
All other bank interest should be entered on Massachusetts Schedule B,
line 38, and included with dividend income on line 6 of this form.
If you filed an Application for Automatic Six-Month Extension of Time to
File Massachusetts Income Tax Return, Massachusetts Form M-4868,
Line 5. Subtotal
for 2016 on or before April 15, 2017, enter in line 17 the amount you
Enter in line 5a the sum of lines 1 through 4. If the result is a loss see
paid with Form M-4868.
Schedule C-2 if applicable.
Refund amount
Enter in line 5b the amount in line 5a, but not less than “0.”
Line 19. Overpayment
Line 6. Interest and dividend income
If line 13 is smaller than line 17, subtract line 13 from line 17 and enter
If the filing entity is reporting any interest income (other than interest from
the amount in line 18. This is the amount of your overpayment. If line
deposits in banks located in Massachusetts), any dividend income, cer-
13 is larger than line 17, skip to line 21. If line 13 and line 17 are equal,
tain capital gains or losses, or any adjustments to interest income (other
enter “0” in line 21.
than interest from Massachusetts banks), it must complete Schedule B.
Line 20. Amount of overpayment you want
Enter in line 6 the total amount from each member’s Schedule B, line 38.
applied to Massachusetts estimated taxes for
Line 7. Total taxable 5.1% income
next year
Add lines 5b and 6.
Enter the amount of your overpayment you wish to apply to next year’s
Massachusetts estimated taxes. Once an election is made to apply your
Line 8. Tax
overpayment to next year’s estimated tax, it cannot be refunded later
Multiply the amount in line 7 by 0.051 (or the optional 0.0585 rate for
or applied to any additional tax you may owe for this year. The amount
any members who choose to pay tax at the higher rate) and enter the
entered in this line can only be claimed as a credit on next year’s Mass -
result in line 8.
achusetts return.
12% income and tax
Line 22. Refund amount
Lines 9 and 10. 12% income and tax from
Subtract line 20 from line 19. Enter the result in line 21. This is the
amount of your refund.
certain capital gains
Enter in line 9 the amount from Schedule B, line 39. Multiply this amount
Tax due
by 0.12 and enter the tax in line 10. To determine if you need to file
Line 21. Tax due
Schedule B, refer to the Schedule B instructions.
If line 14 is larger than line 18, subtract line 18 from line 14, and enter
Line 11. Schedule D (long-term capital gains and
the result in line 21. This is the amount of tax you owe with your return.
losses excluding collectibles)
Pay in full with your return. Failure to file or failure to pay the proper
Enter in line 11 the amount from Schedule D, line 22, but not less than
amount of tax when due will result in an increasing amount of interest
“0.” To determine if you need to file Schedule D, refer to the Schedule
and penalties. It is advantageous to file when your return is due even
D instructions.
if you are unable to make full payment.
Line 15. Prior year overpayment applied to
If you owe any interest, penalty or addition for the underpayment of es-
timated taxes, add those amounts to the tax you owe and enter the
current year estimated tax
total amount in line 26.
Include the exact amount of any overpayment you applied to your es-
timated taxes. Do not include any prior year refund in this line.
Lines 23 and 24. Interest and penalties
Line 16. 2016 Massachusetts estimated tax
What are the interest and penalties?
Interest: If you fail to pay the tax when due, interest will be charged. For
payments
further information, see TIR 92-6 or call the Customer Service Bureau
Enter in line 16 the total of all Massachusetts estimated tax payments,
at (617) 887-MDOR or toll-free in Massachusetts at 1-800-392-6089.
but do not include the amount entered in line 15. Be sure to include any
last quarter (of 2016) payment made on or before January 15, 2016.
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