Instructions For Schedule Fe - Report With Respect To Foreign Entities

Combined Reporting Instructions

2012 Schedule FE

Report with Respect to Foreign Entities

A corporation that is required to file U.S. Form 5471 with respect to its ownership of

certain foreign corporations must file Schedule FE with its Massachusetts return for each

such foreign corporation. Such filing is required irrespective as to whether the

corporation making the filing is filing a return as part of a combined report, Form 355U.

In the case of a combined report, if any member of the combined group files U.S. Form

5471 with its U.S. income tax return, the principal reporting corporation of the combined

group must attach a Schedule FE to the combined report on behalf of that member.

Detailed Instructions

The information to be reported on Schedule FE corresponds to specific items on U.S.

Form 5471. The amounts referenced on the Schedule FE should match exactly the

amounts reported on the federal form.

Name of corporation filing return and Taxpayer Identification number. Enter the name and

tax identification number of the corporation that is filing the Massachusetts return to which the

Schedule FE is attached. In the case of a combined report filing (i.e., Form 355U), the corporation

name and taxpayer identification number referenced should be that of the combined group’s

principal reporting corporation, regardless of which member or members of the group file the U.S.

Form 5471.

Name of person filing U.S. Form 5471 and Taxpayer Identification number. This must

correspond to the name of the filer and the identifying number reported in Item A of the U.S. Form

5471. This may be the same as the name and tax identification number shown above.

Category of filer and Percent of foreign corporation stock ownership. This information must

correspond to that stated on the U.S. Form 5471 as actually filed. Check the boxes that

correspond to the categories checked in Item B of Form 5471 and provide the percentage of

ownership reported in Item C of Form 5471.

Name and address of foreign corporation. This information must correspond to the name and

address as shown in item 1a of U.S. Form 5471 as actually filed. The entries for taxpayer

identification number, country of incorporation, principal business activity code and principal

business activity must correspond to items 1b, 1c, 1f and 1g of U.S. Form 5471 as filed.

Foreign corporation’s annual accounting period. This information must correspond to the

information as reported on U.S. Form 5471. (Note that the top header line on Massachusetts

Schedule FE references the taxable year of the corporation filing Schedule FE and not the

accounting period of the foreign entity; these positions are reversed from their presentation on the

U.S. Form 5471).

Taxable income or loss from U.S. return as filed. This information should match the amount

reported on line 2b of U.S. Form 5471. Leave blank if not applicable.

Income Statement. Taxpayers required to complete Schedule C included on U.S. Form 5471

must report the U.S. dollar amounts from that schedule on the appropriate lines of Schedule FE.

Instructions For Schedule Fe - Report With Respect To Foreign Entities - 2012