
1 Kind of Business 2 3 Date of Charter in Massachusetts 3 3 Average Number of Employees in Mass Form
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People also ask
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Who has to pay MA corporate excise tax?
Interstate and International Aspects: All domestic corporations are subject to the corporate excise by reason of corporate existence at any time during the taxable year. Foreign corporations doing business within the state or owning property in the state are also subject to the excise.
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Who must file a Massachusetts corporate tax return?
Each entity registered with the Massachusetts Secretary of the Commonwealth (the “Secretary”) may be required to register for corporate excise and file an annual corporate return with the Massachusetts Department of Revenue (the “DOR”).
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What is the minimum tax in Massachusetts form 355?
The minimum tax is $456.
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How much does it cost to register a small business in Massachusetts?
Massachusetts LLC Cost. The main cost to start a Massachusetts LLC is the $500 state fee to file the Massachusetts Certificate of Organization ($520 online or by fax).
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What is the Massachusetts Manufacturing Investment Tax Credit?
The Massachusetts Investment Tax Credit is available to businesses that purchase qualifying tangible personal property used in manufacturing, research and development, or any other trade or business. Small businesses investing in new equipment or property can claim a credit of up to 3% of the cost.
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What is MA form 355SBC?
A Massachusetts corporation must file federal Form 1120, and Form 355. If your income is under $100,000 and not subject to a corporate tax in another state, you must file Form 355SBC (small business corporation) instead of Form 355.
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