Maine Corporate Income Tax Return Form

Corporate Income Tax Return Form
2023 Form 1120ME
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2023

For calendar year
2023 or tax year

	

Maine Corporate Income Tax Return
Form 1120ME
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2023

yyyy	

to

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99
*2300100*

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	 Name of Corporation			

	

Federal Business Code

Check if you filed
federal Form 990-T,
1120-C, or 1120-H

	 Address	
			
Federal EIN			
									

	 City, Town or Post Office		State	

	 Contact Person’s First Name	

ZIP Code		

Contact Person’s Last Name				

Corporations with total assets of $5 million or more as of the last day of the tax year must file Form
1120ME electronically unless the taxpayer has been granted a waiver. Taxpayers unable to meet
the electronic filing requirement because of undue hardship may request a waiver from the State
Tax Assessor. The request must be in writing and must include the name, address, federal employer
ID number of the corporation, a detailed explanation of why filing electronically poses a significant
hardship and when the taxpayer will be able to comply with the electronic filing requirement. Mail
waiver requests to: Maine Revenue Services, Corporate Tax Unit, P.O. Box 9107 Augusta, ME
04332-9107.
For more information on Maine electronic filing requirements (Rule 104) and information on Maine
electronic payment requirements (Rule 102), go to www.maine.gov/revenue (select “Laws & Rules”).
Check applicable boxes:

(4)	
	

Amended	
(3)	
return		

Parent Company EIN

Telephone Number

Electronic filing & payment requirements

(1)	
Initial return	
(2)	
			

State of
Incorporation

Check this box if the address has
changed.
Check this box if claiming an
exemption from the Maine corporate
income tax pursuant to PL 86-272.
Check this box if during the tax year
any member of the combined group
owned or disposed of an interest
in a pass-through entity doing
business in Maine and enter EIN
of pass-through entity below (use a
separate sheet, if necessary):

Combined return
(Attach Form CR)

Final return
If final, indicate the final business date______________ , and check the appropriate box below:
(a)	
	

(5)	
	

Ceased doing	
(b)	
Dissolved	
(c)	
business in Maine				
Member of an affiliated	
(6)	
group filing a separate return		

	

Merged, acquired, or
reorganized. Successor EIN:

Based on a pro
forma federal return		

A.	 Federal consolidated income (federal Form 1120, line 30)...................................................A.

.00

B.	 Tentative total tax filed on federal Form 7004.....................................................................B.

.00

1.	
	

Federal taxable income (federal Form 1120, line 30. If filing a combined report, enter
amount from Form CR, line 13). If negative, enter a minus sign to the left of the number....... 1.

2.	

Income subtraction modifications (Form 1120ME, Schedule 1S, line 23)........................... 2.

.00

3.	

Income addition modifications (Form 1120ME, Schedule 1A, line 12)................................ 3.

.00

4.	

Adjusted federal taxable income (line 1 minus line 2 plus line 3)......................................... 4.

.00

Gross tax (from rate schedule on page 5 of instructions)....................................................... 5.

.00

6.	a.	
Maine corporate income tax (from line 5 above or Schedule A, line 5).......................... 6a.

.00

	b.	
Credit recapture (see instructions)................................................................................... 6b.

.00

	c.	
Total tax (add lines 6a and 6b).......................................................................................... 6c.

.00

.00

Tax:
5.	

Continue on page 2

2023 Form 1120ME - Page 2

99
*2300101*

Federal EIN
Payments and credits:
7.	a.	
Maine estimated tax paid.............................................................................................. 7a.

.00

b.	
Extension payment (Form 1120EXT-ME)...................................................................... 7b.

.00

c.	
Tax credits (Schedule C, line 1t plus line 2e)..................................................................7c.

.00

d.	
Income tax withheld (from a pass-through entity or from gambling winnings.
Enclose Form 1099ME, W-2G, or other supporting documentation)............................... 7d.

.00

e.	
If amended, enter payments (see instructions)............................................................. 7e.

.00

f.	
If amended, enter overpayments (see instructions)...................................................... 7f.

.00

g.	
Total payments and credits (add lines 7a through 7e and subtract line 7f;
if the result is negative, enter a minus sign to the left of the number).............................. 7g.

.00

Tax due or overpayment
8.

a. 	If line 6c is greater than line 7g, subtract line 7g
from line 6c and enter the TAX DUE...............................8a.

.00

b. If line 7g is greater than line 6c subtract line 6c
from line 7g and enter the OVERPAYMENT................... 8b.
9.

.00

Penalty for underpayment of estimated tax (attach Form 2220ME)
Check here if Form 2220ME, box 5a is checked..................................... 	

.00

...................... 9.

10. TOTAL DUE If you completed line 8a, OR line 8b is less than line 9, enter the total due.
Pay in full with return. You may be required to make payments electronically.
See instructions or Rule 102................................................................................................... 10.

.00

Overpayment Carryforward/Refund
11. OVERPAYMENT If the amount on line 8b exceeds the amount on line 9, subtract
the amount on line 9 from line 8b and complete line 12...........................................................11.
12. Amount of line 11 to be:

.00

12a.	CREDITED to next year’s estimated tax

.00
.00

12b. REFUNDED

REFUND DEPOSITED DIRECTLY TO YOUR CHECKING ACCOUNT ($20,000 or less). See instructions.
Check this box if this	
refund will go to an
account outside the
United States

12c. Routing Number	

12d. Checking Account Number	

This return MUST BE ACCOMPANIED BY a legible copy of the corporation’s federal return (i.e. federal Form 1120, federal pro forma, or federal
consolidated return), for the same tax period.

Please submit forms in the following order:
1.
Pages 1 through 3 of Form 1120ME.
2.
Schedules 1S, 1A, C, and X, if applicable.
3.
Form CR, if required, including affiliation schedule.
4.
Other statements for the Maine income tax return.
5.
A copy of federal Form 1120, federal pro forma, or federal consolidated return.

Continue on page 3

2023 Form 1120ME - Page 3

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Federal EIN

Schedule A - Apportionment of Tax
•	

Do not complete Schedule A if 100% of the business activity is attributable to Maine. Note that Schedule C may still be required.

•	

All others must complete Schedule A and enter amounts in columns A and B, even if those amounts are zero. If this schedule is left blank or
excluded, the Maine apportionment factor will be set at 100%.

•	

Round all dollar amounts to whole numbers.
Check if using an alternate apportionment as provided by 36 M.R.S. § 5211(17).

	
(A)	
(B)	
			
	
Within		
	
Maine	
Everywhere	

(C)
Apportionment Factor
Line 1, Col. (A)/Col. (B)
Rounded to 6 Decimals

	1.	 Total		
.00 ÷
.00
		 Sales*				
	2.	 Total
		 Payroll	

.00 ÷

	3.	 Total		
.00
		 Property	

=	

.

.00
.00

÷

	4.	 Gross tax (Form 1120ME, line 5)............................................................................................... 4.

.00

	5.	 Maine corporate income tax (line 4 x line 1, column C factor.
		 Enter here and on Form 1120ME, line 6a).................................................................................. 5.

.00

	 6.	 What amount of line 3, column A is tangible personal property?............................................. 6.	

.00

	 *Note: Total Sales must exclude income claimed as a deduction on Form 1120ME, Schedule 1S, lines 5, 12, 13, and 14. Other limitations apply. 			
	 See Schedule A instructions for additional information.
Paid Preparer Authorization (see instructions)
	 Check “Yes” to allow the paid preparer to discuss this return with Maine Revenue Services.

	

Paid Preparer’s Name	

Yes (complete the following).	

Paid Preparer’s Phone Number	

Corporation President’s Name	

Social Security Number

Treasurer’s Name	

Social Security Number

No.

Personal Identification #

Company’s Tax Department Email Address
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements and to the best of my knowledge and
belief they are true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

	

Date	

	

Date	

Officer’s Signature	

Signature and Address of Preparer (Individual or Firm)	
	
	

	
	

Clear

Title	

Social Security Number

Preparer’s SSN or PTIN

If not enclosing a check,
If enclosing a check, make check payable to:
MAIL RETURN TO:
Treasurer, State of Maine
and MAIL WITH RETURN TO:
MAINE REVENUE SERVICES
MAINE REVENUE SERVICES 	
	
P.O. BOX 1064
P.O. BOX 1065
AUGUSTA, ME 04332-1064
AUGUSTA, ME 04332-1065 	

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