Form 355s-A - Domestic S Corporation Excise Return

1999 355S-A — Page 3

28. Paid-in or capital surplus (attach reconciliation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

29. Surplus reserves (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

30. a Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30a

b Undistributed S corporation net income . . . . . . . . . . . . . . . . . . . . . . . . 30b

c Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30c

31. Treasury stock (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

32. Total liabilities and capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Schedule B. Tangible or Intangible Property Corporation Classification

Note: Enter all values as net book values from Schedule A, column C. See instructions; see DD 99-1 and TIR 99-3.

31. Total Massachusetts tangible property (Schedule A, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 $

22. Massachusetts real estate (Schedule A, lines 1a and 1b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

23. Massachusetts motor vehicles and trailers (Schedule A, line 1c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

24. Massachusetts machinery taxed locally. Manufacturing corporations enter “0” (Schedule A, line 1d) . . . . . . . 4

25. Massachusetts leasehold improvements taxed locally (Schedule A, line 1h) . . . . . . . . . . . . . . . . . . . . . . . . . . 5

36. Massachusetts tangible property subject to local taxation. Add lines 2, 3, 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 6

37. Massachusetts tangible property not subject to local taxation. Subtract line 6 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 $

28. Total assets (Schedule A, line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

29. Massachusetts tangible property subject to local taxation (line 6 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

10. Total assets not subject to Massachusetts local taxation. Subtract line 9 from line 8 . . . . . . . . . . . . . . . . . . 10

11. Income apportionment percentage (Schedule F, line 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12. Allocated assets not subject to local taxation. Multiply line 10 by line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 12 $

13. Domestic tangible property percentage. Divide line 7 by line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 13

14. Investments only in foreign corporations not doing business in Massachusetts. See instructions . . . . . . ¨ 14

15. Assets subject to allocation. Subtract line 14 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

16. Income apportionment percentage (Schedule F, line 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

17. Allocated assets. Multiply line 15 by line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 17 $

18. Foreign tangible property percentage. Divide line 7 by line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ 18

19. Enter line 13 or line 18. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Note: If line 19 is 10% or more, complete Schedule C. If line 19 is less than 10%, complete Schedule D.

Schedule C. Tangible Property Corporation —

Value of Taxable Massachusetts Tangible Property

Note: Complete this schedule only if Schedule B, line 19 is 10% or more. Enter all values as net book values from Schedule A, column C.

31. Total Massachusetts tangible property (Schedule A, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 $

22. Exempt Massachusetts tangible property:

a Massachusetts real estate (Schedule A, lines 1a and 1b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a

b Massachusetts motor vehicles and trailers (Schedule A, line 1c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b

c Massachusetts machinery taxed locally (Schedule A, line 1d)*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c

d Massachusetts leasehold improvements taxed locally (Schedule A, line 1h) . . . . . . . . . . . . . . . . . . . . . . 2d

e Exempt goods (Schedule A, line 2b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e

f Certified Massachusetts industrial waste/air treatment facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2f

g Certified Massachusetts solar or wind power deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2g

33. Total exempt Massachusetts tangible property. Add lines 2a through 2g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

34. Taxable Massachusetts tangible property. Subtract line 3 from line 1. Do not enter less than “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 $

(Enter line 4 as line 1 and enter zero as line 2 in the Computation of Excise)

*Manufacturing corporations enter zero in line 2c above.

Corporate Disclosure Schedule.

Massachusetts requires all corporations to complete the following items.

¨ $

31. Enter the amount for Charitable Contributions (U.S. Form 1120 or 1120-A, line 19) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32. Enter the amount of the deduction for federal research expenses (included in U.S. 1120 or 1120-A) allowed under IRC sec. 174,

¨ $

plus the credit for research allowed by IRC sec. 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enter in line 3a the amounts of any accelerated depreciation (ACRS, MACRS, or others) allowed as a federal deduction for the taxable year. In line 3b, enter depreciation for

property included in line 3a determined by using generally

Buildings (other than

Pollution

accepted accounting principles.

Equipment

Rental housing

rental housing)

control facilities

¨ $

3a. Enter any accelerated depreciation taken federally for . . . . . . .

3b. Depreciation calculated according to generally accepted

¨ $