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Massachusetts Member's Income and Expenses
Extracted from PDF file 2023-massachusetts-schedule-u-m.pdf, last modified February 2023Member's Income and Expenses
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-M Member’s Income and Expenses For calendar year 2023 or taxable period beginning Department of Revenue 2023 and ending Member’s name Federal identification number Tax year beginning Ending Check if non-U.S. corporation Check if treaty-based income exclusion Tax type Taxable member ● ● ● Financial institution ● Business corporation ● Yes ● No ● Non-income measure only Group election ed . Federal identification number y. Name of principal reporting corporation Figures shown are taken from (check no more than one): ● Affiliated group ● Worldwide ● Neither e. Separately stated taxable income e m tb fo r no in ill or e w ns fo r m et ur rr 21 -9 d an 16 -9 s R TI e f. Adjusted total n. d. Excluded income at io le Fi E- Se 22 Advertising 23 Pension and profit sharing 24 Employee benefit programs 25 Reserved for future use 26 Other deductions 27 Total deductions 28 Net income before NOL and special deductions Pa pe 1 Net sales 2 Cost of goods sold 3 Gross profit 4 Dividends 5 Interest income 6 Gross rents 7 Gross royalties 8 Capital gains net income 9 Net gain or (loss) from Form 4797 10 Other income 11 Total income 12 Officer’s compensation 13 Salaries and wages 14 Repairs and maintenance 15 Bad debts 16 Rents 17 Taxes and licenses 18 Interest expense 19 Charitable contributions 20 Depreciation 21 Depletion c. Combined reporting adjustments ac ce b. Fiscalization adjustment O a. Unadjusted federal amount pt nl ● Pre-consolidation separate company ● Separate U.S. 1120 as filed ● Pro forma, U.S. 1120S filed ● Pro forma, other U.S. return filed ● Pro forma, no U.S. return filed ● Eliminations/adjustments
Schedule U-M
More about the Massachusetts Schedule U-M Corporate Income Tax TY 2023
We last updated the Member's Income and Expenses in January 2024, so this is the latest version of Schedule U-M, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule U-M directly from TaxFormFinder. You can print other Massachusetts tax forms here.
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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-M.
| 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-IC | Member's Individual Credits |
| Schedule U-INS | Payment to Insurance Companies Under Common Owners |
| 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-M 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-M
We have a total of thirteen past-year versions of Schedule U-M in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2011 Schedule U-M
sch. U-M
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