Instructions For Schedule U-Ci - Combined Income

Instructions For Schedule U-Ci - Combined Income - 2012

Combined Report Instructions

2012 Schedule U-CI Instructions

Combined Income

The income of all members subject to combination is added together to determine the group income.

A single Schedule U-CI is filed for the group, regardless as to whether the group is engaged in more

than one unitary business. The amount reported in column (f) from all the Schedules U-M is to be

totaled in the respective lines on Schedule U-CI.

Header for Schedule U-CI

Enter the name of the principal reporting corporation, its Federal Identification number and the

beginning and ending dates of the combined group’s taxable year.

Line Instructions for Schedule U-CI

Lines 1 – 28: Enter the various items of income and expense.

The numbers stated on these lines are the totals, by line, of the amounts stated in column (f) on all

schedules U-M, including the eliminations schedule. For example, the totals on Line 1(f) from each

Schedule U-M are added to calculate the amount on Line 1 of U-CI. The total stated in line 28 of

Schedule U-CI must also match the total stated in line 13 of all Schedules U-E, pertaining to

Massachusetts unitary business or affiliated group income.

Line 29 must reference the total of all inter-company dividends that are eliminated in preparing

federal tax returns of any members of the group filing a consolidated federal return.

Line 30 must reference the total of all inter-company dividends that are eliminated in determining the

combined group’s Massachusetts net income. This should match the total of the amounts reported on

line 4 of any U-M eliminations schedules.

Line 31 must reference the totals stated in line 28 on all Schedules 355U-M in column (d), i.e.,

claiming an exclusion of net income that is not taxable in Massachusetts.

Line 32 must reference the totals stated in line 28 on all Schedules 355U-M, column (e), i.e.,

reporting net income of taxable members of the combined group that is taxable in Massachusetts but

is to be separately allocated or apportioned to such members.

Instructions For Schedule U-Ci - Combined Income - 2012