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Massachusetts Massachusetts Security Corporation Return
Extracted from PDF file 2023-massachusetts-form-355sc.pdf, last modified November 2023Massachusetts Security Corporation Return
CAUTION: This tax return must be filed electronically. Paper versions of this return will not be accepted. If you have questions about filing electronically, contact us at 617-887-6367. See https://www.mass.gov/info-details/dor-e-filing-and-paymentrequirements for further information about our electronic filing and payment requirements. Massachusetts Department of Revenue Form 355SC Security Corporation Excise Return For calendar year 2023 or taxable period beginning 2023 2023 and ending An exact copy of U.S. Forms 1120 or 1120-RIC, including all applicable schedules and forms required to substantiate the Massachusetts excise, must be made available to the Department of Revenue upon request. Any changes or amendments to any U.S. amount must be explained in detail. Name of corporation U.S. Principal Business Code Federal Identification number State Zip Phone number State Zip Phone number Principal address City/Town nl y. City/Town Fill in if O ac ce p ● Final return ● Name change ● Address change ● Amended return (see instructions) ● Amended return due to federal audit ● Amended return due to IRS BBA Partnership Audit Enclosing Schedule DRE ● Enclosing Schedule FCI ● S election termination or revocation ● Member of a lower-tier entity 2 Date of charter (mm/dd/yyyy) e E- Fi 1 Fill in if corporation is incorporated within Massachusetts ● n. Amended return due to federal change at io Initial return le ● ● ● te d. Principal business address in Massachusetts 4 Date corporation first classified as security corporation (mm/dd/yyyy) 5 Date business began in Mass. (mm/dd/yyyy) 6 State or country of incorporation 7a Number of employees in Massachusetts 7b Number of employees worldwide 8 Fill in if Schedule TDS enclosed Terminated ● ● Has predecessor fo r or e ● m 10b Title fo r ● re New in ill w tu r 10 Corporation’s books are in the care of 11 Corporation (fill in one only) ● 9b Fill in if adjustments have been reported to Massachusetts ns 9a Most recent year audited by IRS (mm/dd/yyyy) ● no ● m 3b Fill in if Class 2 security corporation tb 3a Fill in if Class 1 security corporation ● Has successor Pa p ● 21 -9 er 12 Fill in if entity continues to qualify as a security corporation. If Yes, enclose statement explaining changes in corporate activity since last qualified. 13a Fill in if corporation is participating in the filing of a U.S. consolidated return ● 13b Federal Identification number of parent ● 1120-RIC ● 851 ● 5471 ● ● 1120S 1120-REIT an 1120 16 -9 ● d 14 U.S. form(s) and schedule(s) filed for this tax year 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. with the paid preparer Taxpayer’s e-mail address Name of designated tax matters partner Preparer’s PTIN Paid preparer’s phone Paid preparer’s ( EIN ) Paid preparer’s signature Date / Se Fill in oval if DOR may discuss this return / e / Print paid preparer’s name s Title / / Date R Date TI Signature of appropriate officer (see instructions) Identifying number of tax matters partner Fill in if self-employed / 2023 FORM 355SC, PAGE 2 Name of corporation U.S. Principal Business Code Federal Identification number Computation of excise. Use whole dollar method. 1 Total U.S. income (from U.S. Form 1120 or appropriate form). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 State and municipal bond interest not included in line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Adjustments to income (enclose schedule; see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Massachusetts gross income. Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Class 1 excise, if applicable (line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . × .0033 5 6 Class 2 excise, if applicable (line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . × .0132 6 7 Excise before credits (line 5 or 6, whichever is applicable). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Total Credits (From Schedule CMS).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 y. d. 9 Excise after credits. Subtract line 8 from line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 456 O nl te 10 Minimum excise (cannot be prorated). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Excise due before voluntary contribution (line 9 or 10, whichever is larger). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 ac ce p le 12 Voluntary contribution for endangered wildlife conservation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 n. Fi 13 Excise due plus voluntary contribution. Add lines 11 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 at io e E- 14 Overpayment of tax from prior year applied to this year’s estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 tb 15 Massachusetts estimated tax payments (do not include amount in line 14). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 no rm 16 Payments made with extension.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 w fo 18 Amount overpaid. Subtract line 13 from total of lines 14 through 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 in ill 17 Payment with original return (use only if amending a return). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 or ur ns e 19 Amount of line 18 to be credited to next year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 fo rm 20 Amount of line 18 to be refunded. Subtract line 19 from line 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 re t 21 Balance due. Subtract total of lines 14 through 17 from line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 a M-2220 penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21a -9 er b Other penalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21b 21 Pa p 22 Total penalty. Add lines 21a and 21b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 Interest on unpaid balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Se e TI R s 16 - 9 an d 24 Total payment due at time of filing. Add lines 21 through 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 2023 FORM 355SC, PAGE 3 Name of corporation U.S. Principal Business Code Federal Identification number Schedule A — Balance sheet as of — Assets a. Start of tax year b. End of tax year 1 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Federal and state government obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Other current assets (enclose schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Other investments (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Buildings and other fixed depreciable assets (enclose schedule) . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Accumulated depreciation of fixed depreciable asssets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 y. 8 Land (net of any amortization) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 ac ce p O nl te 9 Intangible assets (amortizable only). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 d. 7 Net value of depreciable assets. Subtract line 6 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 10 Accumulated amortization of intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 le 11 Net value of intangible assets. Subtract line 10 from line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 n. at io Fi 12 Other assets (enclose schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 tb e E- 13 Total assets. Add lines 1 through 4, 7, 8, 11 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 fo 14 Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 w in ill 15 Mortgages, notes, bonds payable in less than one year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 e ur ns 16 Other current liabilities (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 -9 er 20 Common capital stock.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 fo rm re t 19 Preferred capital stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 or 17 Mortgages, notes, bonds payable in one year or more. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Other liabilities (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 21 Pa p 21 Paid-in or capital surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 22 Appropriated retained earnings (enclose schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 an d 23 Unappropriated retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Total liabilities and capital before treasury stock deduction. Add lines 14 through 23. . . . . . . . 24 9 25 Cost of treasury stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 16 - 26 Total liabilities and capital. Subtract line 25 from line 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 s Ownership information R 1 Fill in if at any time during taxable year more than 50% of the voting stock was: TI a Of another corporation owned by your corporation ● If Yes, enclose an ownership schedule (see instructions). e b Of your corporation owned by any single entity ● If Yes, enclose an ownership schedule (see instructions). Se Note: For rules of attribution, see Section 267(c) of Internal Revenue Code. 2 Fill in if at any time during taxable year: a Any amount was owed by your corporation ● If Yes, enter amount.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a b Any amount was owed to your corporation ● If Yes, enter amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b Note: Include loans, accounts receivable and accounts payable. b. End of tax year rm a. Start of tax year no Liabilities and capital
Form 355SC
More about the Massachusetts Form 355SC Corporate Income Tax TY 2023
We last updated the Massachusetts Security Corporation Return in January 2024, so this is the latest version of Form 355SC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 355SC directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Other Massachusetts Corporate Income Tax Forms:
TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 2 | Fiduciary Income Tax Return |
| Schedule DRE | Disclosure of Disregarded Entity |
| Schedule D-IS | Long-Term Capital Gains and Losses Excluding Collectibles |
| Form 355-7004 | Corporate Extension Worksheet |
| Form 3 | Partnership Return |
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 355SC from the Department of Revenue in January 2024.
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 355SC
We have a total of thirteen past-year versions of Form 355SC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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