Instructions For Schedule Cg - Combined Reporting Allocation Schedule

Combined Reporting Instructions

2012 Schedule CG

Combined Reporting Allocation Schedule

Schedule CG must be completed and submitted with each combined report (Form 355U). It

records all payments made by all members of the group towards either the income measure of

excise under Ch. 63 or any non-income measure of excise which may be due from individual

group members with the same taxable year for which the combined report is filed. The contact

information provided should be the name and telephone number the Department may use to

resolve questions regarding discrepancies between the payments reported on the schedule and

DOR records.

Schedule CG reconciles all payments made by all members of the group towards the excise

shown on the combined report, which for taxable years beginning on or after January 1, 2012

includes any non-income measure of excise due from corporations taxable under M.G.L. Ch. 63,

sec. 39 with the same taxable year for which the combined report is filed. Payments made by the

principal reporting corporation on behalf of the group are reported in Part 3. Payments made

separately by individual members (e.g. overpayments carried forward from prior years and

estimated payments made before they determined they were to be included in the combined

report) are shown in Part 4.

Part 1: Total Excise Tax Due and Payments

This section reports the total of the income and non-income measures for all members as shown

on the combined report and the total of all payments made by all group members. For Line 1,

enter the amount from Form 355U, line 27. For each line 2 through 7, the total shown in Part 1

must match the totals shown for all records in Part 3 and 4 for the same line.

Schedule CG, Part 1, line 2 (overpayment credited from prior period) is entered on Form 355U,

line 30.

The total of the amounts from Schedule CG, Part 1, lines 3 through 6 (the estimated tax

payments made by all members of the group) is entered on Form 355U, line 31.

Schedule CG, Part 1, line 7 (amount paid with extension) is entered on Form 355U, line 32.

Part 2: Required Annual Payment

This section calculates the required annual payment for the combined group as provided in TIR

09-05 and the cumulative amounts required for the various installments in a taxable year of 12

months. For example, if the amount shown on Part 2, line 6 is greater than the total of the

amounts shown on Part 1, line 2 and line 3, the taxable members of the combined group may be

liable for an addition to tax under M.G.L. Ch. 63B. The amount of any such addition is calculated

on Form M-2220, which is also used claim certain exceptions. See 830 CMR 63B.2.2 for further

information.

Part 3: Combined Report Excise Due and Payments by the PRC

The group must file a single Part 3 record showing the payments made by the principal reporting

corporation for the excise due on the combined report. Enter on line 1, the period end date of the

prior year combined report. If a combined report was not filed for the prior year, leave this blank.

Enter on lines 2 through 7 any amounts paid or credited by the principal reporting corporation on

behalf of the group.

Instructions For Schedule Cg - Combined Reporting Allocation Schedule - 2012