Schedule 1040c-Me - Worksheet For Composite Filing Of Maine Income Tax For Nonresident Owners - 2012

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SCHEDULE 1040C-ME
2012
WORKSHEET FOR COMPOSITE FILING
OF MAINE INCOME TAX FOR NONRESIDENT OWNERS
Attach this worksheet to the composite return fi led on Form 1040ME.
For purposes of this worksheet, the term “owner” refers to a partner or shareholder of a pass-through entity.
2 0
1 2
1/1/2012
12/31/2012
/
/
/
/
For tax period
to
or
to
MM
DD
YYYY
MM
DD
YYYY
-
Entity Name
Federal Employer ID Number
Contact Person: First Name
MI
Last Name
-
-
Contact Person: Phone Number
,
,
Number of owners participating in composite fi ling:
Total number of owners of the entity:
,
,
00
1. Composite income ................................................................................................................ 1.
.
,
,
.00
2. Tax (See instructions on reverse side). Enter this amount on Form 1040ME, line 20 ......... 2.
If enclosing a check, make check payable to:
If not enclosing a check,
File forms in this order:
Treasurer, State of Maine
MAIL RETURN TO:
1) Schedule 1040C-ME
and MAIL WITH RETURN TO:
MAINE REVENUE SERVICES
MAINE REVENUE SERVICES
2) Form 1040ME
P.O. BOX 1065
P.O. BOX 1064
3) supporting documentation
AUGUSTA, ME 04332-1064
AUGUSTA, ME 04332-1065
Maine Composite Income Tax Return Filing Instructions
Are nonresident individuals who are owners of a partnership/S
eligible persons of the obligation to each fi le Maine income tax
corporation subject to Maine income tax?
returns based solely on the entity income of the partnership/S
corporation, but does not relieve the participating eligible persons
Yes, if the partnership/S corporation operates in Maine. A
of the responsibility for accurate and timely reporting and payment
nonresident individual is subject to Maine income tax based on
of taxes.
Maine-source income.
All income derived from or effectively
connected with the carrying on of a trade or business within Maine
Who may be included in a composite return?
is Maine-source income and that income is subject to Maine tax if
A partnership/S corporation may fi le a composite return on behalf
the business is either domiciled in Maine or has nexus with Maine.
of its partners or shareholders who are eligible persons and who
An entity has nexus with Maine if, for example, it, directly or through
elect to participate in the composite fi ling. An “eligible person”
agents, maintains an offi ce or other place of business, executes
is a nonresident individual for the entire taxable year who has
a contract, exercises or enforces contract rights, buys or sells
no Maine-source income other than entity income.
Resident
property or employs labor in Maine. See generally MRS Rule 808
partners/shareholders may not participate in a composite fi ling.
(Corporate Income Tax Nexus). Nonresident individual owners of
Also, an individual may not participate in a composite fi ling if he
a partnership or S corporation do not have to be physically present
or she fi les married fi ling jointly for federal income tax purposes
in Maine to be subject to Maine tax.
and the individual’s spouse has Maine-source income unrelated to
Owners of a partnership/S corporation who are not Maine residents
the entity. A nonresident Electing Small Business Trust (“ESBT”)
are subject to Maine income tax on that portion of their distributive
or grantor trust may also be an eligible person if the trust has no
share of partnership/S corporation income apportionable to Maine,
Maine-source income other than entity income.
Pass-through
based on sales of the partnership/S corporation. The minimum
entities doing business in Maine may want to fi le a composite
taxability threshold under 36 M.R.S.A. § 5142(8-B) does not apply
return on behalf of nonresident partners/shareholders in order to
to the Maine income earned by the partnership/S corporation or
be exempt from the pass-through entity income tax withholding
to the distributive share of that income to nonresident partners/
requirements for nonresident owners. See information below on
shareholders.
Partners/shareholders who are Maine residents
the pass-through entity withholding requirement.
are liable for Maine income tax on their entire distributive share of
How do I fi le a composite return?
partnership/S corporation income.
Complete Schedule 1040C-ME and Form 1040ME in accordance
Who may fi le a composite return?
with the instructions below. Place forms in the following order:
A partnership/S corporation may elect to report and pay Maine
(1) Schedule 1040C-ME; (2) Form 1040ME; (3) supporting
income taxes on behalf of participating eligible persons on a
documentation. Returns not sent in this order may not be
composite (block-fi ling) basis. This method relieves participating
processed correctly.
Rev. 10/12

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