Form 355sbc - Small Business Corporation Excise Return - 1998 Page 2
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2Balance sheet (as of the last day of the taxable year 19 ___ )
17. Intangible property:
17a. Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨17a
17b. Notes and accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨17b
17c. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨17c
17d. Other intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨17d
17e. Total intangible property. Add lines 17a through 17d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17e
18. Tangible property taxed locally:
18a. Real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨18a
18b. Motor vehicles and trailers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨18b
18c. Machinery taxed locally . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨18c
18d. Leasehold improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨18d
18e. Total tangible property taxed locally. Add lines 18a through 18d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18e
19. Tangible property not taxed locally:
19a. Machinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨19a
19b. Leaseholds and improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨19b
19c. Inventories and supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨19c
19d. Other fixed assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨19d
19e. Total tangible property not taxed locally. Add lines 19a through 19d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19e
20. Total assets. Add lines 17e, 18e and 19e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
21. Liabilities:
21a. Mortgages on Massachusetts tangible property taxed locally . . . . . . . . . . . . . . . . . . . ¨21a
21b. Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨21b
21c. Notes and bonds payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨21c
21d. Loans from stockholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨21d
21e. Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨21e
21f. Total liabilities. Add lines 21a through 21e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21f
22. Capital stock and surplus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨22
23. Total liabilities and capital. Add lines 21f and 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
24. Tangible or intangible property corporation classification:
24a. Subtract line 18e from line 20 _________________ − ________________ = . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24a
24b. Divide line 19e by line 24a_________________ ÷ ________________ (enter decimal amount) . . . . . . . . . . . . . . . . . . . . 24b
If line 24b is .10 or greater, enter line 19e in the computation in line 1 and omit line 25.
If line 24b is less than .10, complete line 25.
25. Taxable net worth:
25a. Subtract line 21f from line 20 _________________ − ________________ = . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25a
25b. Subtract line 21a from line 18e__________________ − ________________ = . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25b
25c. Subtract line 25b from line 25a. Enter here and in the computation on line 2 on the front of this form.
_____________________ − __________________ = . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25c
26. Gross receipts or sales (from U.S. Form 1120, line 1c; or U.S. Form 1120-A, line 1c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨26
27. Gross profit (from U.S. Form 1120, line 3; or U.S. Form 1120-A, line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨27
28. Other deductions (from U.S. Form 1120, line 26; or U.S. Form 1120-A, line 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨28
29. Net income (from U.S. Form 1120, line 28; or U.S. Form 1120-A, line 24) . . . . . . . . . . . . . . . ¨29
30. Allowable U.S. targeted jobs credit ___________________ Subtract from line 29 = . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨30
31. State and municipal bond interest not included in U.S. net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨31
32. Massachusetts corporation excise deducted from U.S. net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨32
33. Other adjustments (please explain)________________________________________________________________________ ¨33
34. Massachusetts income. Add lines 30, 31, 32 and 33. Enter here and in the computation in line 3 on the front of this form.
If loss, enter zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨34
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