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Massachusetts Fiduciary Income Tax Return
Extracted from PDF file 2023-massachusetts-form-2.pdf, last modified December 2023Fiduciary Income Tax Return
2023 Massachusetts Department of Revenue Form 2 Fiduciary Income Tax Return Tax year beginning Calendar year filers enter 01–01–2023 and 12–31–2023 below; fiscal year filers enter appropriate dates MM D D Y Y Y Y MM D D Y Y Y Y Tax year ending NAME OF ESTATE OR TRUST ESTATE OR TRUST EMPLOYER IDENTIFICATION NUMBER NAME OF FIDUCIARY TITLE OF FIDUCIARY MAILING ADDRESS OF FIDUCIARY CITY/TOWN/POST OFFICE STATE ZIP + 4 C/O Company account number Date entity created MM D D Y Y Y Y Fill in all that apply: Initial return Change in trust's name Nonresident beneficiaries listed on return Decedent’s estate Amended return (see instr.) Change in fiduciary Resident estate or trust Simple trust Amended return due to IRS BBA partnership audit Change in fiduciary’s name Nonresident estate or trust Complex trust Amended return due to federal change Change in fiduciary’s address Enclosing Schedule DRE Bankruptcy estate - ch 7 Final return Fiduciary Schedule TDS (see instr.) Bankruptcy estate - ch 11 Enclosing Schedule FCI Guardianship/conservatorship Member of a lower-tier entity Qualified funeral trust Qualified settlement fund ESBT Number of employees in Massachusetts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Number of employees worldwide. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual Voluntary Election- Pass-through entity has elected to pay tax at the entity level pursuant to MGL ch 63D (this election is irrevocable) . . . . . . . . . . . . . . . . . . . . . . . . . Total amount paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART B INCOME 1 Wages, salaries, tips and other employee compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Taxable pensions and annuities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0 0 0 0 IF A LOSS, MARK AN X IN BOX 3 Business/profession or farm income or loss. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 0 0 4 Rental, royalty and REMIC income or loss (enclose Form 2, Schedule E). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 0 0 0 0 5 Total Part B 5.0% interest from Massachusetts banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 0 0 6 Other Part B 5.0% income (winnings, lump-sum distributions, etc.). Enclose statement. . . . . . . . . . . . . . . . . . . . . . . 6 DECLARATION. Under penalties of perjury, I declare that to the best of my knowledge and belief this return and enclosures are true, correct and complete. SIGNATURE OF FIDUCIARY DATE TITLE DATE MAY DOR DISCUSS THIS RETURN WITH THE PREPARER? / / / / PRINT PAID PREPARER’S NAME PAID PREPARER’S PTIN PAID PREPARER’S PHONE PAID PREPARER’S EIN PAID PREPARER’S SIGNATURE Yes NAME OF DESIGNATED TAX MATTERS PARTNER IDENTIFYING NUMBER OF TAX MATTERS PARTNER MAIL TO MASSACHUSETTS DEPARTMENT OF REVENUE, PO BOX 7018, BOSTON, MA 02204. DATE / / IS PAID PREPARER SELF-EMPLOYED? Yes 2023 FORM 2, PAGE 2 NAME OF ESTATE OR TRUST ESTATE OR TRUST EMPLOYER IDENTIFICATION NUMBER 7 Total Part B 5.0% income. Add lines 1 through 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Deductions allowed decedents. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 0 0 0 0 9 Total Part B 5.0% income less deductions allowed decedents. Subtract line 8 from line 7. . . . . . . . . . . . . . . . . . . . . 9 0 0 10 Income distribution deduction (from Schedule IDD, line 5). Enclose Schedules IDD and 2K-1. . . . . . . . . . . . . . . . . . . . . 10 0 0 11 Part B 5.0% income taxable to fiduciary. Subtract line 10 from line 9. Not less than 0 . . . . . . . . . . . . . . . . . . . . . . . . . 11 0 0 12 Nonresident/charitable deduction. Not less than 0. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 0 0 13 Net Part B 5.0% income taxable to fiduciary. Subtract line 12 from line 11. Not less than 0 . . . . . . . . . . . . . . . . . . . . . 13 0 0 14 Part A 5.0% interest and dividend income (from Form 2, Schedule B, line 39). Enclose Schedule B. . . . . . . . . . . . . . . . . 14 0 0 15 Part A 5.0% common trust fund interest and dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 0 0 16 Total Part A 5.0% interest and dividend income. Add lines 14 and 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 0 0 17 Income distribution deduction (from Schedule IDD, line 10). Enclose Schedules IDD and 2K-1. . . . . . . . . . . . . . . . . . . . 17 0 0 18 Part A 5.0% interest and dividend income taxable to fiduciary. Subtract line 17 from line 16. Not less than 0. . . . . . . . 18 0 0 19 Nonresident/charitable deduction. Not less than 0. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 0 0 20 Net Part A 5.0% interest and dividend income taxable to fiduciary. Subtract line 19 from line 18. Not less than 0 . . . . 20 0 0 21 Net Part A and Part B 5.0% income taxable to fiduciary. add lines 13 and 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 0 0 22 Tax from table. If line 21 is more than $24,000, multiply amount by .05 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 0 0 23 Taxable Part A 8.5% and 12% capital gains (from Form 2, Schedule B, line 40). Enclose Schedule B. Not less than 0. 23 0 0 24 Part A 8.5% short-term common trust fund capital gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 0 0 25 Total Part A 8.5% and 12% capital gains. Add lines 23 and 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 0 0 26 Income distribution deduction (from Schedule IDD, line 15). Enclose Schedules IDD and 2K-1. . . . . . . . . . . . . . . . . . . . 26 0 0 27 Part A 8.5% and 12% capital gains taxable to fiduciary. Subtract line 26 from line 25. Not less than 0. . . . . . . . . . . . . 27 0 0 28 Nonresident/charitable deduction. Not less than 0. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 0 0 29 Net Part A 8.5% and 12% capital gain income taxable to fiduciary. Subtract line 28 from line 27. Not less than 0. . . . 29 If reporting long-term gains on collectibles, fill in oval and complete worksheet in instructions 0 0 30 Tax on Part A Capital Gains. Multiply line 29 by .085 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 0 0 31 Part C 5.0% long-term capital gains (from Form 2, Schedule D, line 18). Enclose Schedule D. Not less than 0. If filing Schedule D-IS, Installment Sales, fill in oval and enclose Schedule D-IS . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 0 0 32 Part C 5.0% long-term common trust fund capital gains. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 0 0 33 Total Part C 5.0% long-term capital gains. Add lines 31 and 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 0 0 34 Income distribution deduction (from Schedule IDD, line 20). Enclose Schedules IDD and 2K-1. . . . . . . . . . . . . . . . . . . . 34 0 0 PART A INTEREST AND DIVIDEND INCOME PART A 8.5% AND 12% CAPITAL GAINS PART C 5.0% CAPITAL GAINS 2023 FORM 2, PAGE 3 NAME OF ESTATE OR TRUST ESTATE OR TRUST EMPLOYER IDENTIFICATION NUMBER 35 Part C 5.0% long-term capital gains taxable to fiduciary. Subtract line 34 from line 33. Not less than 0. . . . . . . . . . . . 35 0 0 36 Nonresident/charitable deduction. Not less than 0. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 0 0 37 Net Part C 5.0% long-term capital gain income taxable to fiduciary. Subtract line 36 from line 35. Not less than 0 . . . 37 0 0 38 Tax on Part C 5.0% long-term capital gains. Multiply line 37 by .05. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 0 0 39 Credit recapture (from Schedule CRS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 0 0 40 Additional tax on installment sale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 0 0 41 TOTAL TAX 0 0 a. Income tax. Add lines 22, 30, 38, 39, and 40 . . . . . . . . . . . . . . . . 41a b. 4% Surtax (from Schedule 4% Surtax, line 7). See instructions 41b 0 0 Total tax. Add lines 41a and 41b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 0 0 42 Credit for income taxes due to other jurisdictions (enclose Schedule OJC). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 0 0 43 Other credits (from Schedule CMS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 0 0 44 Total credits. Add lines 42 and 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 0 0 45 Credits passed through to beneficiaries on Schedule 2K-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 0 0 46 Credits remaining with fiduciary. Subtract line 45 from line 44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 0 0 47 Tax after credits. Subtract line 46 from line 41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 0 0 48 AMENDED RETURN ONLY. Overpayment from original return. Not less than 0. See instructions. . . . . . . . . . . . . . . . . 48 0 0 49 Tax after credits and overpayment from original return. Add lines 47 and 48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 0 0 50 Massachusetts income tax withheld (enclose all Massachusetts W-2, W-2G, 1099-G and 1099-R forms). . . . . . . . . . . 50 0 0 51 Overpayment of tax from prior year applied to this year's estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 0 0 52 Massachusetts estimated tax payments (do not include the amount in line 51). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 0 0 53 Payments made with extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 0 0 54 AMENDED RETURN ONLY. Payment with original return. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 0 0 55 Refundable credits (from Schedule CMS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 0 0 56 Refundable Child and Family Tax Credit. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 0 0 57 Total tax payments. Add lines 50 through 56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 58 Overpayment. If line 49 is smaller than line 57, subtract line 49 from line 57. Enter the result in line 58. 0 0 If line 49 is larger than line 57, go to line 61. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 0 0 59 Amount of overpayment to be credited to next year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 0 0 60 THIS IS YOUR REFUND. Subtract line 59 from line 58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 R E F U N D 0 0 61 TAX DUE. Subtract line 57 from line 49. Pay in full online at mass.gov/masstaxconnect. . . . . . . . . . . . . . . . . . 61 These amounts will affect your refund or tax due: Interest 0 0 Penalty 0 0 0 M-2210F amount Exception. Enclose Form M-2210F. 0 0 0
Form 2
More about the Massachusetts Form 2 Corporate Income Tax Tax Return TY 2023
We last updated the Fiduciary Income Tax Return in January 2024, so this is the latest version of Form 2, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 2 directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Related Massachusetts Corporate Income Tax Forms:
TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Massachusetts Form 2.
| Form Code | Form Name |
|---|---|
| Schedule 2K-1 | Beneficiary's Massachusetts Information |
| Form 355RD-2019 | Statement Relating to Research and Development |
| Form 2-G | Grantor's/Owner's Share of a Grantor Type Trust |
| Form 2-PV | Massachusetts Fiduciary Income Tax Payment Voucher |
| Form 355-ES-2019 | Corporate Estimated Tax Payment Vouchers |
| Form ST-12 | Exempt Use Certificate |
| Form M-2210 | Underpayment of Massachusetts Estimated Income Tax |
| Schedule A-2 | Intercompany Receivables (OBSOLETE) |
| Form 2-ES | Estimated Income Tax Payment Vouchers (Corporate) |
| Form M-990T-62 | Exempt Trust and Unincorporated Association Income |
View all 127 Massachusetts Income Tax Forms
Form Sources:
Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Form 2 from the Department of Revenue in January 2024.
Form 2 is a Massachusetts Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Massachusetts Form 2
We have a total of thirteen past-year versions of Form 2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Form 2
form 2
2013 Form 2
form 2
2012 Form 2
2012 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts
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