Get Ma 355-es 2024-2025

The MA 355-ES is an essential form for corporations in Massachusetts, allowing them to compute and make their estimated excise payments. This guide provides a clear, step-by-step approach to completing the form online, ensuring that you comply with the necessary requirements.

Follow the steps to successfully complete the MA 355-ES online.

1. Click ‘Get Form’ button to access the MA 355-ES and open it in the editor.
2. Begin by reviewing the section titled 'General Information' to understand the purpose and requirements of the form. This section provides essential details regarding who needs to file and the importance of making estimated payments.
3. Complete the 'Corporation Estimated Excise Worksheet' section by filling in your total excise from the prior year and any overpayment you wish to credit toward your estimated excise for the current year.
4. Input your estimated excise for the current year in the appropriate field, ensuring that all calculations are accurate.
5. Determine your installment amounts based on your estimated excise due. For the first installment, enter 40% of your estimated excise. For subsequent installments, apply the percentages based on your corporation size and employee count.
6. If you have any overpayment from the prior year, input this amount as it could reduce your current installment due.
7. Review the 'Current Tax Year Record of Estimated Excise Payments' section to track payments made, ensuring accurate records for each installment.
8. Finally, confirm that all information is correct. You can then save changes, download, print, or share the completed form as needed.

Complete your documents online to ensure timely and accurate submission of your corporate excise payments.