Form 355s - S Corporation Excise Return - 2012 Page 5
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92012 FORM 355S, PAGE 5
FEDERAL IDENTIFICATION NUMBER
CORPORATION NAME
Schedule B Tangible or Intangible Property Corporation Classification
2012
Enter all values as net book values from Schedule A, col. c.
1
Total Massachusetts tangible property (from Schedule A, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2
Massachusetts real estate (from Schedule A, lines 1a and 1b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3
Massachusetts motor vehicles and trailers (from Schedule A, line 1c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4
Massachusetts machinery taxed locally. Classified manufacturers enter “0” (from Schedule A, line 1d). . . . . . 4
5
Massachusetts leasehold improvements taxed locally (from Schedule A, line 1h) . . . . . . . . . . . . . . . . . . . . . . . 5
6
Massachusetts tangible property taxed locally. Add lines 2 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6
7
Massachusetts tangible property not taxed locally. Subtract line 6 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . 7
8
Total assets (from Schedule A, line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9
Massachusetts tangible property taxed locally (from line 6 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10
Total assets not taxed locally. Subtract line 9 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11
Investments in subsidiaries at least 80% owned (from Schedule A, line 12a) . . . . . . . . . . . . . . . . . . . . . . . . . 11
12
Assets subject to allocation. Subtract line 11 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13
Income apportionment percentage (from Schedule F, line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14
Allocated assets. Multiply line 12 by line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14
15
Tangible property percentage. Divide line 7 by line 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Schedule C Tangible Property Corporation
Complete only if Sched. B, line 15 is 10% or more. Enter all values as net book values from Sched. A, col. c.
1
Total Massachusetts tangible property (from Schedule A, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2
Exempt Massachusetts tangible property:
a. Massachusetts real estate (from Schedule A, lines 1a and 1b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a
b. Massachusetts motor vehicles and trailers (from Schedule A, line 1c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b
c. Massachusetts machinery taxed locally. Classified manufacturers enter “0” (from Schedule A, line 1d) . . 2c
d. Massachusetts leasehold improvements taxed locally (from Schedule A, line 1h). . . . . . . . . . . . . . . . . . . . 2d
e. Exempt goods (from Schedule A, line 2b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e
f. Certified Massachusetts industrial waste/air treatment facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2f
g. Certified Massachusetts solar or wind power deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2g
3
Total exempt Massachusetts tangible property. Add lines 2a through 2g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4
Taxable Massachusetts tangible property. Subtract line 3 from line 1. Do not enter less than “0.”
Enter result in line 1 of the Excise Calculation on page 2, and enter “0” in line 2 of the Excise Calculation. . . . 4
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