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Massachusetts Massachusetts Unitary or Affiliated Group Income
Extracted from PDF file 2023-massachusetts-schedule-u-e.pdf, last modified February 2023Massachusetts Unitary or Affiliated Group Income
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. 2023 Schedule U-E Massachusetts Unitary or Affiliated Group Income For calendar year 2023 or taxable period beginning Massachusetts Department of Revenue 2023 and ending Name of principal reporting corporation Federal Identification number PBA code Unitary business identifier Type of group (check one only): ● Financial ● Non-financial ● Mixed Check if any of unitary or affiliated group income is taxable in another state ● Financial institution groups and mixed groups only, check the method used by the group to allocate income from investment assets and trading assets to Massachusetts ● Average value ● Gross income Part 1. Taxable Income Se e TI R s 16 -9 an d Pa p 21 -9 er fo r re m tu r ns n. at io m fo r or e w in ill no tb e E- Fi le O ac ce p nl y. te d. 1 Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Gross profit. Subtract line 2 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Gross rents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Capital gains net income or loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Net gain or (loss) from Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Income. Combine lines 3 through 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Total deductions for this business group. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Total net income for the combined report before Massachusetts adjustments. Subtract line 12 from line 11. . . . . . . . . . . 13 14 State and municipal bond interest not included in U.S. net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Foreign, state or local income taxes deducted from U.S. net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Section 168(k) “bonus” depreciation adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Sections 31I and 31K intangible expense add back adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Sections 31J and 31K interest expense add back adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Research expense adjustment related to Massachusetts Research and Development Credit. . . . . . . . . . . . . . . . . . . . . . . 20 21 Subtotal of Massachusetts income before additional deductions. Combine lines 13 through 20. . . . . . . . . . . . . . . . . . . . . . . 21 22 Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 Abandoned building renovation deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 FAS109 Deduction (See Instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 25 95% deduction for certain other dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26 Exceptions to the add back of intangible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 27 Exceptions to the add back of interest expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 28 Adjustment for federally disallowed U.S. wage deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 29 Other adjustments to income or expenses (enter decreases to allowable deductions as a negative) . . . . . . . . . . . . . . . . . 29 30 Total Massachusetts income for the combined report. Subtract the total of lines 22 through 29 from line 21 . . . . . . . . . . . . . 30 31 Net capital gain or (loss) included in line 30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 32 Net section 1231 gain or (loss) included in line 30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 33 Subtract the total of lines 31 and 32 from line 30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 34 Excess combined group capital loss. If line 31 is “0” or greater, enter “0” (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . 34 35 Combined taxable net income excluding excess capital loss. Add lines 30 and 34. Do not enter less than “0” . . . . . . . . . . 35 36 Enter 10% of one-third of line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 m fo r 21 -9 d an 16 -9 s R TI e at io m fo r or e w ns tu r re er Pa p Se 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 in ill no tb e E- Fi le O ac ce p nl y. te d. 37 Total of members’ worldwide average value of loans (financial institutions only) 38 Total of members’ worldwide average value of credit card receivables (financial institutions only) 39 Total of members’ worldwide group intangible financial institution property owned 40 Total of members’ worldwide group intangible financial institution property owned for apportionment 41 Total of members’ worldwide group tangible property owned at cost 42 Total of members’ worldwide group tangible property rented 43 Total of members’ worldwide group property owned for apportionment. Combine lines 40 through 42 44 Total of members’ worldwide group wages paid 45 Total of members’ worldwide receipts from lease, sublease or rental of real property 46 Total of members’ worldwide receipts from lease, sublease or rental of transportation 47 Worldwide receipts from lease, sublease or rental of other tangible property 48 Worldwide interest (including fees and penalties) from loans secured by real property 49 Worldwide interest (including fees and penalties) from loans not secured by real property 50 Worldwide net gain on sale of loans secured by real property 51 Worldwide net gain on sale of loans not secured by real property 52 Worldwide interest (include fees & penalties) on credit card receivables 53 Worldwide net gains on sales of credit card receivables 54 Worldwide credit card issuer’s reimbursement fees 55 Worldwide receipts from merchant discount 56 Worldwide loan servicing fees from loans secured by real property 57 Worldwide loan servicing fees from loans not secured by real property 58 Worldwide interest, dividends and net gains from investment and/or trading assets or activities 59 Worldwide receipts from the sale of tangible property 60 Worldwide receipts from the sales of services not included above 61 Worldwide receipts from rents and royalties not included above 62 Worldwide group “other” receipts 63 Worldwide group receipts. Non-financial groups combine lines 59 through 62. Other groups combine lines 45 through 62 n. Part 2. Apportionment Denominators
Schedule U-E
More about the Massachusetts Schedule U-E Corporate Income Tax TY 2023
We last updated the Massachusetts Unitary or Affiliated Group Income in January 2024, so this is the latest version of Schedule U-E, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule U-E 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 Schedule U-E.
| Form Code | Form Name |
|---|---|
| Schedule U-CS | Credits Shared from Other Members |
| Schedule U-CI | Combined Income |
| Schedule U-IC | Member's Individual Credits |
| Schedule U-INS | Payment to Insurance Companies Under Common Owners |
| Schedule U-M | Member's Income and Expenses |
| Schedule U-ST | Member’s Separate Computation of Tax |
| Schedule U-MSI | Member's Apportioned Share of Group Income |
| Schedule U-MTI | Member’s Taxable Income from Sources Other Than the Unitary Business |
| Schedule U-NOLS | Member's Shared Loss Carryover |
| Schedule U-TM | Tax by Member |
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 Schedule U-E 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 Schedule U-E
We have a total of thirteen past-year versions of Schedule U-E in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2011 Schedule U-E
sch. U-E
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