Form 355 - Business/manufacturing Corporation Excise Return

File pg. 2

2012 FORM 355, PAGE 2

EXCISE CALCULATION

Taxable Massachusetts tangible property,

× .0026 = 3 1

if applicable (from Schedule C, line 4) . . . . . . 3

Taxable net worth, if applicable (from

× .0026 = 3 2

Schedule D, line 10) . . . . . . . . . . . . . . . . . . . . 3

Massachusetts taxable income (from Schedule E,

× .0800 = 3 3

line 27). Not less than “0” . . . . . . . . . . . . . . . . . . . . . 3

Credit recapture (enclose Schedule(s) H and/or H-2). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4

Additional tax on installment sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5

Excise before credits. Add line 1 or 2, whichever applies, to total of lines 3 through 5 . . . . . . . . . . . . . . . . 6

Total credits (from Schedule CR, line 15; unitary filers, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 3 7

Excise after credits. Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Combined filers only, enter the amount of tax from Schedule U-ST, line 41 . . . . . . . . . . . . . . . . . . . . . . . . . 9

Minimum excise (cannot be prorated; unitary filers, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Excise due before voluntary contribution. (line 8 or 10, whichever is greater) . . . . . . . . . . . . . . . . . . . . . . 11

Voluntary contribution for endangered wildlife conservation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 12

Excise due plus voluntary contribution. Add lines 11 and 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 13

2011 overpayment applied to your 2012 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14

2012 Massachusetts estimated tax payments (do not include amount in line 14) . . . . . . . . . . . . . . . . . 3 15

Payment made with extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 16

Pass-through entity withholding (from Schedule 3K-1)

Payer ID number 3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 17

Total refundable credits (from Schedule RF, line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 18

Total payments. Add lines 14 through 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Amount overpaid. Subtract line 13 from line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

Amount overpaid to be credited to 2013 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 21

Amount overpaid to be refunded. Subtract line 21 from line 20 . . . . . . . . . . . . . . . . . . . . . . . . Refund 3 22

Balance due. Subtract line 19 from line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance due 3 23

a. M-2220 penalty 3

b. Late file/pay penalties

. . . . a + b = 24

Interest on unpaid balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Payment due at time of filing. Make check payable to Commonwealth of Massachusetts . . . Total due 3 26