Erase In Legal Massachusetts Startup For S-Corporation Forms For Free

Corporations Division Filing Fees Domestic Profit and Professional CorporationsRegistration in Massachusetts$400.00 ($375 if filed by fax)Certificate of Amendment$100.00Certificate of Withdrawal$100.00Annual Report$125.00; $150.00 if not filed timely ($100 if filed electronically)138 more rows

Massachusetts S corporations other than Finan- cial Institution S corporations must file Form 355S with Schedule S and one Schedule SK-1 for each resident and nonresident shareholder. Schedule S must be completed to report the S corporation's distributive income.

A business corporation will only file a separate Form 355 or 355S to calculate its non-income measure of excise tax, if its year ends at a different time than the common year used to determine the combined group's income.

An S corporation with gross receipts that are $9 million or more is subject to the income measure of the corporate excise at a rate of 3.00% on net income subject to tax. In addition, S corporations, like traditional corporations, are subject to a minimum excise of $456.

Massachusetts Form 355 Excise Tax includes a tax of $2.60 per $1,000 on taxable Massachusetts tangible property or taxable net worth, whichever applies, and a tax of 8.0% on income attributable to Massachusetts.

What is Massachusetts Form 355s? Business corporations with taxable years ending in the same month as the taxable year for which the combined report is being filed will pay the non-income measure of excise tax as part of the combined report.