Massachusetts Income Tax Return for Clubs and Other Organizations

Income Tax Return for Clubs and Other Organizations
Form 3M
Massachusetts Department of Revenue

Form 3M
Income Tax Return for Clubs and Other
Organizations not Engaged in Business for Profit
For calendar year 2023 or taxable period beginning
Name of organization 	

2023

2023 and ending
Federal Identification number 	

Phone number

State 	

Date of organization

Mailing address
City/Town 	

Zip 	

Organization’s books are in care of 		

Principal organization activity

Mailing address
City/Town 	

State 	

Zip 	

Phone number

Fill in if

●

Amended return 

●  Federal amendment  ●  Final return  ●  Filing Schedule TDS

Computation of tax
1	 5.0% income, including interest from Massachusetts banks.* List sources and amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . 1	
2	 Interest and dividend income (from Massachusetts Schedule B, line 28).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2	
3	 Total 5.0% income. Add line 1 and line 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3	
4	 Tax on 5.0% income. Multiply line 3 by .05. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4	
5	 8.5% income from Schedule B (see instructions). Not less than 0.
a. 8.5% income	

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . x .085=. 5	

6	 12% income from Schedule B (see instructions). Not less than 0.
a. 12% income 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . x .12 =. 6	

7	 Tax on long-term capital gains (from Massachusetts Schedule D, line 17. Not less than 0). . . . . . . . . . . . . . . . . . . . . . . . . . 7	
8	 Additional tax on installment sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8	
9	 Total income tax
a. Income tax. Add lines 4 through 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a
b. 4% Surtax (from Schedule 4% Surtax, line 7). See instructions. . . . . . . . . . . . . . . . . . . . 9b
Total. Add lines 9a and 9b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Declaration
I declare under the pains and penalty of perjury that to the best of my knowledge, the information contained herein is accurate and complete.
Signature of appropriate officer 	

Print name 	

Title 	

Name of firm 	

Signature of paid preparer 	

Print name 	

Date 	

Phone number
PTIN or SSN

Date 	

Employer Identification number

Address of paid preparer
City/Town 	

State 	

Zip 	

Fill this return with payment in full to: Massachusetts Department of Revenue, PO Box 7018, Boston, MA 02204.

Phone number

2023 FORM 3M, PAGE 2
Name of organization 	

Computation of tax

Federal Identification number

(cont’d.)

10	 AMENDED RETURN ONLY. Overpayment from original return. Not less than 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10	
11	 Total. Add lines 9 and 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11	
12	 2022 overpayment applied to your 2023 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12	
13	 2023 Massachusetts estimated tax payments (do not include amount in line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13	
14	 Payments made with extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14	
15	 AMENDED RETURN ONLY. Payments made with original return. Not less than 0.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15	
16	 Total payments. Add lines 12 through 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16	
17	 Overpayment. If line 11 is smaller than line 16, subtract line 11 from line 16. If line 11 is larger than line 16, go to
line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17	
18	 Amount of overpayment to be credited to your 2024 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18	
19	 Amount of your refund. Subtract line 18 from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19	
20	 Amount of tax due. If line 16 is smaller than line 11, subtract line 16 from line 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20	
21a	 M-2210 penalty ● Exception. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  21a	
21b	 Late file/pay penalties (see Form 1 instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  21b	
21	 Total penalty. Add lines 21a and 21b.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21	
22	 Interest on unpaid balance (see Form 1 instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22	
23	 Total payment due at time of filing. Add lines 20 through 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23	

2023 FORM 3M, PAGE 3
Name of organization 	

Federal Identification number

Schedule B. Interest, dividends and certain capital gains and losses
1	 Enter taxable interest (other than interest from Massachusetts banks) received during the year. . . . . . . . . . . . . . . . . . . . . . 1	
2	 Enter taxable dividends received during the year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2	
3	 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3	
4	 Enter taxable interest (other than interest from Massachusetts banks) and dividends from all partnerships and
non-Massachusetts estates and trusts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4	
5	 Subtotal. Add lines 3 and 4. If you have no short-term capital gains or losses, long-term gains on collectibles and pre-1996
installment sales, carryover short-term losses from prior years, or net long-term capital losses, omit lines 6 through 27.
Enter this amount in line 28 and on Form 3M, line 2. Omit lines 29 and 30. Otherwise complete Schedule B.. . . . . . . . . . . 5	
6	 Short-term capital gains (included in U.S. Schedule D, lines 1 through 5, col. h). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6	
7	 Long-term capital gains on collectibles and pre-1996 installment sales (from Massachusetts Schedule D, line 11;
see Form 1 instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7	
8	 Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8	
9	 Short-term capital losses (included in U.S. Schedule D, lines 1 through 5, col. h). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9	
10	 Prior short-term losses for years beginning after 1981 (from 2022 Massachusetts Schedule B, line 30). . . . . . . . . . . . . . . 10	
11	 Combine lines 8 through 10. If 0 or greater, omit lines 12 through 15 and enter this amount in line 16.
If the total is a loss, go to line 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11	
12	 Short-term losses applied against interest and dividends. Enter the smaller of line 5 or line 11 (as a positive amount).
Not more than $2,000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12	
13	 Subtotal. Combine lines 11 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13	
14	 Short-term capital losses applied against long-term capital gains (see instructions).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14	
15	 Short-term losses available for carryover in 2023. Combine lines 13 and 14 and enter result here and in line 30,
omit lines 16 through 20 and complete lines 21 through 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15	
16	 Short-term gains and long-term gains on collectibles. Enter amount from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16	
17	 Long-term capital losses applied against short-term capital gains (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17	
18	 Subtotal. Subtract line 17 from line 16. Enter result here. If line 18 is 0, omit line 19, and enter 0 in line 20. . . . . . . . . . . . . 18	
19	 Long-term gains deduction. Complete only if lines 7 and 18 are greater than 0. From worksheet in instructions. . . . . . . . . 19	
20	 Short-term gains after long-term gains deduction. Subtract line 19 from line 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20	
21	 Enter the amount from line 5.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21	
22	 Short-term losses applied against interest and dividends. Enter the amount from line 12. . . . . . . . . . . . . . . . . . . . . . . . . . 22	
23	 Subtotal. Subtract line 22 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23	
24	 Long-term losses applied against interest and dividends (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24	
25	 Adjusted interest and dividends. Subtract line 24 from line 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25	
26	 Enter the amount from line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26	
27	 Adjusted gross interest, dividends and certain capital gains and losses. Add lines 25 and 26. Not less than 0. . . . . . . . . . 27	
28	 If line 27 is greater than or equal to line 5, enter the amount from line 5 here and on Form 3M, line 2. If line 27 is
less than line 5, enter line 27 here and on Form 3M, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28	
29	 Total taxable 8.5% and 12% capital gains. Subtract line 28 from line 27. Not less than 0. If no entry in line 7, enter here and
on Form 3M, line 5a. Otherwise, enter here and continue to Taxable Capital Gains Worksheet in the instructions. . . . . . . 28	
30	 Available short-term losses for carryover in 2023. Enter amount from line 15 only if it is a loss. . . . . . . . . . . . . . . . . . . . . . 30	



Fill in oval if showing a loss

2023 FORM 3M, PAGE 4
Name of organization 	

Federal Identification number

Schedule D. Long-term capital gains and losses excluding collectibles
Attach copy of U.S. Schedule D.
1	 Enter amounts included in U.S. Schedule D, lines 8a and 8b, col. h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1	
2	 Enter amounts included in U.S. Schedule D, line 9, col. h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2	
3	 Enter amounts included in U.S. Schedule D, line 10, col. h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3	
4	 Enter amounts included in U.S. Schedule D, line 11, col. h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4	
5	 Enter amounts included in U.S. Schedule D, line 12, col. h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5	
6	 Enter amounts included in U.S. Schedule D, line 13, col. h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6	
7	 Carryover losses from prior years (see instructions).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7	
8	 Combine lines 1 through 7.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8	
9	 Massachusetts differences, if any (see Form 1 instructions; attach additional statement). . . . . . . . . . . . . . . . . . . . . . . . . . . 9	
10	 Massachusetts 2023 gains or losses. Exclude/subtract line 9 from line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10	
11	 Long-term gains on collectibles and pre-1996 installment sales (see Form 1 instructions). Also, enter this amount in
Schedule B, line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11	
12	 Subtotal. Subtract line 11 from line 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12	
13	 Capital losses applied against capital gains (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13	
14	 Subtotal. If line 12 is greater than 0, subtract line 13 from line 12. If line 12 is less than 0, combine lines 12 and
13. If line 14 is a loss, see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15	 Long-term capital losses applied against interest and dividends (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15	
16	 Taxable long-term capital gains. Combine lines 14 and 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16	
17	 Tax on long-term capital gains. Multiply line 16 by .05. Not less than 0. Enter result here and on Form 3M, line 7 . . . . . . . 17	
18	 Available losses for carryover in 2023. Enter amount from Schedule D, line 16, only if it is a loss. . . . . . . . . . . . . . . . . . . . 18	



Fill in oval if showing a loss

Form 3M Instructions
Filing Due Date

Form 3M is due on or before Tuesday, April 17, 2024.
April 15, 2024, when returns and payments would nor­mally be due, is Pa­
triots’ Day, a legal holiday in the Commonwealth, and April 16, 2024 is
Emancipation Day, a legal holiday in Washington, D.C. As a result, returns,
payments made with returns, and estimated payments otherwise due on
April 15, 2024, will be treated as timely if they are filed and/or paid on or
before April 17, 2024.

Taxpayers Subject to the 4% Surtax

Starting with tax year January 1, 2023, Massachusetts residents must
pay an additional 4% tax on the portion of their annual taxable income
that exceeds the surtax threshold and nonresidents must pay it on the
portion of their annual taxable income sourced to Massachusetts that
exceeds the surtax threshold. The surtax threshold for tax year 2023 is
$1,000,000.

Who Should File Form 3M?

This form is solely for the use of clubs, labor unions, political committees,
taxable fraternal organizations, certain unincorporated homeowners associations and all other similar organizations not engaged in business for
profit, and consequently having only taxable dividends, interest, capital
gains, Massachusetts savings deposit interest and other miscellaneous
income. If such an organization has taxable business or other income,
even if the organization is not a partnership, the return should be made
on Form 3, Partnership Return of Income, and each member must include his/her share by class of income on his/her individual income tax
return. Unincorporated exempt organizations that file U.S. Forms 990 or
990-T should not file Massachusetts Form 3M or Form 3. Instead, those
organizations that file U.S. Form 990-T and have unrelated business
taxable income should file Massachusetts Form 990-T-62. For rules that
apply to unincorporated homeowners associations, see Technical Information Release 10-3.

Filing an Amended Return

Note: When filing an Amended return, the Amended return oval must
be filled in. For ex­ample, if you are filing an Amended return due to a
Federal amendment, both the Amended return oval and the Federal
amendment oval must be filled in.

Schedule B, Line 14 and Schedule D, Line 13

If Schedule B, line 13 is a loss and Schedule D, line 12 is a positive
amount, enter the smaller of Schedule B, line 13 (considered as a positive amount) or Schedule D, line 12 on Schedule B, line 14 and on Schedule D, line 13.

Schedule B, Line 17 and Schedule D, Line 13

If Schedule B, line 16 is a positive amount and Schedule D, line 12 is a
loss, enter the smaller of Schedule B, line 16 or Schedule D, line 12 (considered as a positive amount) on Schedule B, line 17 and on Schedule
D, line 13.

4. If line 3, considered as a positive amount, is less than line 2, enter 0.
If line 3, considered as a positive amount, is
	
greater than line 2, combine lines 2 and 3. . . . .
5. Combine lines 1 and 4 . . . . . . . . . . . . . . . . . .
6. Multiply line 5 by .5 (50%). . . . . . . . . . . . . . .
7. Enter the amount from Schedule B, line 18 ..
8. Enter the smaller of line 6 or line 7 here and
on Schedule B, line 19. Not less than 0. . . . . . .

		

Schedule B, Line 24 and Schedule D, Line 15

If Schedule B, line 23 is a positive amount and Schedule D, line 14 is a
loss, you must complete a pro forma version of the Long-Term Capital
Losses Applied Against Interest and Dividends Worksheet found in the
Form 1 instruction booklet. When completing the worksheet, substitute
Schedule B, line 21 (Form 3M) for Schedule B, line 29 (Form 1); Schedule B, line 22 (Form 3M) for Schedule B, line 30 (Form 1); Schedule D,
line 14 (Form 3M) for Schedule D, line 15 (Form 1); Schedule B, line 24
(Form 3M) for Schedule B, line 32 (Form 1); and Schedule D, line 15
(Form 3M) for Schedule D, line 16 (Form 1).

Schedule B, Line 29

Schedule B, Line 29 Worksheet

Complete only if reporting an amount in Schedule B, line 7. If no entry in
Schedule B, line 7, omit this worksheet and report the amount from
Schedule B, line 29 on Form 3M, line 5a, 8.5% Income.
1. Total taxable gains from Schedule B, line 29 .

	

2. Long-term gains deductions from Schedule
B, line 19. Not less than 0. . . . . . . . . . . . . . . . . .
3. Enter the smaller of line 1 or line 2.
Enter result here and on Form 3M, line 6a,
12% Income. . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Subtract line 3 from line 1. Enter result here
and on Form 3M, line 5a, 8.5% Income. . . . . . .

Schedule D, Line 7

If you have a carryover loss from a prior year, enter in line 7 the amount
of carryover losses from your 2022 Schedule D, line 18.

Schedule D, Line 14

Complete only if line 18 is greater than 0 and there is an entry in line 7.

If Schedule D, line 14 is a loss and Schedule B, line 16 is 0 or greater and
Schedule B, line 23 is a positive amount, complete line 15. If Schedule
D, line 14 is a loss and Schedule B, line 13 is 0 or less, omit Schedule D,
line 15, enter the amount from Schedule D, line 14 in Schedule D, line 16,
omit Schedule D, line 17 and enter the amount from Schedule D, line 16
in Schedule D, line 18 and enter 0 on Form 3M, line 7.

1. Enter amount from Schedule B, line 7. . . . . . . . .

Where to file

Schedule B, Line 19
Schedule B, Line 19 Worksheet. Long-Term Gains Deduction

2. Enter the total of Schedule B, line 6 . . . . . . . . . . .
3. Enter the total of Schedule B,
lines 9, 10 and 17. . . . . . . . . . . . . . . . . . . . . . . . . . .

Mail Form 3M and all accompanying schedules to Massachusetts
Department of Revenue, PO Box 7018, Boston, MA 02204.
Note: All taxpayers subject to the 4% surtax must file their returns and
make all payments electronically.