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Massachusetts Member's Individual Credits
Extracted from PDF file 2023-massachusetts-schedule-u-ic.pdf, last modified February 2023Member's Individual Credits
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 Massachusetts Schedule U-IC Member’s Individual Credits For calendar year 2023 or taxable period beginning Department of Revenue 2023 and ending Member’s name Federal Identification number Tax type: End date of group’s tax year ● Financial institution ● Business corporation Name of principal reporting corporation Federal Identification number 1 Member’s total excise used for determining the credit limitation (from this member’s Schedule U-ST, line 37). . . . . . . . . . 1 Credits Subject to 50% Limitation (See instructions) Massachusetts Research Credit ac ce p nl y. te d. 2 Total of this member’s BRWFLD, EDIPCR, EOACC, INVTAX, VACSTR and VANPOL credits used against its excise . . . . 2 3 Total of other members’ BRWFLD, EDIPCR, EOACC, INVTAX, VACSTR and VANPOL credits used by this member . . . . . 3 4 Total BRWFLD, EDIPCR, EOACC, INVTAX, VACSTR and VANPOL credits used by member against its own excise. Combine lines 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 n. at io e E- Other Credits Fi le O 5 Total of this member’s section 38M credits used against its own excise. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Total of section 38M credits of other members used by this member. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Total of all section 38M credits used by this member. Combine lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 ill Se e TI R s 16 -9 an d Pa p 21 -9 er fo r re m tu r ns or e w in 11 Total of member’s own credits being used against excise. Combine lines 2, 5 and 8_________ . . . . . . . . . . . . . . . . . . . . . 11 12 Credits from other members used against this corporation’s excise. Combine lines 3, 6 and 9_ . . . . . . . . . . . . . . . . . . . . 12 13 Pass-through entity withholding. Payer identification number _________________________ . . . . . . . . . . . . . . . . . . . . 13 m Summary fo r no tb 8 Total of this member’s other credits being used against its own excise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Total of other credits of other members being used by this member . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Total of other credits used by this member against excise. Combine lines 8 and 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Schedule U-IC
More about the Massachusetts Schedule U-IC Individual Income Tax TY 2023
We last updated the Member's Individual Credits in January 2024, so this is the latest version of Schedule U-IC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule U-IC directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Related Massachusetts Individual 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-IC.
| Form Code | Form Name |
|---|---|
| Schedule U-CS | Credits Shared from Other Members |
| Schedule U-CI | Combined Income |
| Schedule U-E | Massachusetts Unitary or Affiliated Group Income |
| 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-IC from the Department of Revenue in January 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Massachusetts Schedule U-IC
We have a total of thirteen past-year versions of Schedule U-IC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2011 Schedule U-IC
sch. U-IC
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