January 12, 2010 – 10:43 am by
Alex
As of January 2006, preparers who prepared 100 or more MA Forms 1 and 1-NR-PY during the previous calendar year are required to file electronically. Preparers must continue to file electronically in subsequent years unless they prepare no more than 25 individual income tax returns. Electronic payment of tax liability for e-file individual income tax returns is encouraged, but not required. Payment may be made with the e-file return or by the taxpayer through the DOR’s website.The taxpayer may opt out of e-filing, but must file paper forms containing 2D barcodes.
(1040 Extension) As of January 2004, Personal Income Tax Extension requests with no payment or payments of $5,000 or more must be made electronically. Extensions may be filed through the TaxWorks software.
(1041) As of January 2005, Fiduciaries filing Form 2 with total Part A, Part B, and Part C net taxable income of $50,000 or more must use electronic means to make any payments to the Department. Payments may be made through the DOR’s website.
(1065) As of January 2005, Partnerships filing Forms 3 and meeting the following income thresholds, loss thresholds, or with 25 or more partners, must submit all Forms 3 and Schedules 3 K1 by electronic means.Income threshold: (1) $50,000 or more in gross income, or (2) $100,000 or more received from the sale of stock and securities. Loss threshold: (1) $50,000 or more in ordinary loss from trade or business activities, or (2) $100,000 or more in losses from the sale of stock and securities.
(1120) As of January 2005, all corporations subject to the corporate excise, including security corporations, with more than $100,000 in gross receipts or sales, must file returns and tax payments using electronic means. Exception: financial institutions, insurance companies, and public utilities.
(1120 Extension) As of January 2005, Corporate Extension requests and accompanying payments must be filed electronically. Any corporation with more than $100,000 in gross receipts or sales must e-file. In addition, any corporation making a payment of $5,000 or more with its corporate excise extension must e-file the request and make the payment by electronic means. Requests and payments can be made through the DOR’s website.
Reference MA Mandate TIR04-30 on the MA DOR website at www.dor.state.ma.us.
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