INSTRUCTIONS: MASSACHUSETTS BUSINESS OR MANUFACTURING CORPORATION EXCISE RETURN (Form 355)

Business or manufacturing corporations operating in Massachusetts use a form 355 to document their excise tax due. The form can be found on the website of the state of Massachusetts.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 1: Those not filing on a calendar year basis should enter the starting and ending dates of their filing period.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 2: Give your corporation's name, federal employer identification number and address. If your principal address is different from your principal Massachusetts address, give both.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 3: Answer questions 1 through 18.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 4: Before completing page 2, complete the rest of form 355. Schedule A documents your balance sheet.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 5: Schedule B documents tangible and intangible property.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 6: If line 15 of Schedule B is 10% or more, complete Schedule C and transfer line 4 to line 1 of page 2.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 7: If line 15 of Schedule B is less than 10%, complete Schedule D and transfer line 10 to line 2 of page 2.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 8: Complete Schedule CD for corporate disclosure. Complete Schedule CR to document other corporate credits and transfer line 15 there to line 7 of the second page.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 9: Complete Schedule RF to document refundable credits. Transfer the results on line 6 to line 18 on the second page.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 10: Return to the second page. Complete lines 1 through 10 as instructed to determine your minimum excise due.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 11: Complete lines 11 through 23 as instructed to determine your amount owed or the amount you should be refunded.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 12: Complete lines 24 through 26 if filing late.

Massachusetts Business Or Manufacturing Corporation Excise Return 355 Step 13: An officer of the firm should sign and date the bottom of the first page.