Form 355 - Business/manufacturing Corporation Excise Return - 2012 Page 7
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92012 FORM 355, PAGE 7
FEDERAL IDENTIFICATION NUMBER
CORPORATION NAME
Schedule E Taxable Income
2012
If a loss, mark an X in box at left
5
1
Gross receipts or sales (from U.S. Form 1120, line 1e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1
2
Gross profit (from U.S. Form 1120, line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2
3
Other deductions (from U.S. Form 1120, line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3
4
Net income (from U.S. Form 1120, line 28) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4
5
Allowable U.S. wage credit. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5
6
Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7
State and municipal bond interest not included in U.S. net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7
8
Foreign, state or local income, franchise, excise or capital stock taxes deducted from U.S. net income 3 8
9
Section 168(k) “bonus” depreciation adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9
10
Section 31I and 31K intangible expense add back adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . 3 10
11
Section 31J and 31K interest expense add back adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . 3 11
12
Federal production activity add back adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 12
13
Other adjustments, including research and development expenses. See instructions . . . . . . . . . . . . . . 3 13
14
Add lines 6 through 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15
× .10 = 3 15
Abandoned building renovation deduction. . . . . . . . . . . . . . . . .
16
Dividends deduction (from Schedule E-1, line 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 16
17
Exception(s) to the add back of intangible expenses (enclose Schedule ABIE). . . . . . . . . . . . . . . . . . . . . . . 3 17
18
Exception(s) to the add back of interest expenses (enclose Schedule ABI) . . . . . . . . . . . . . . . . . . . . . . . . . 3 18
19
Income subject to apportionment. Subtract the total of lines 15 through 18 from line 14. . . . . . . . . . . . . 19
20
Income apportionment percentage (from Schedule F, line 5 or 1.0, whichever applies) . . . . . . . . . . . . . . . . . . . 3 20
21
Multiply line 19 by line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
22
Income not subject to apportionment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 22
23
Total net income allocated or apportioned to Massachusetts. Add lines 21 and 22 . . . . . . . . . . . . . . . . 3 23
24
Certified Massachusetts solar or wind power deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 24
25
Massachusetts taxable income before net operating loss deduction. Subtract line 24 from line 23 . . . . . 25
26
Net operating loss deduction (enclose Schedule E-2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 26
27
Massachusetts taxable income. Subtract line 26 from line 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
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