St. 2017, c. 5, §§ 11 through 14 ("An Act Making Appropriations for the Fiscal Year 2017 to Provide for Supplementing Certain Existing Appropriations and for Certain Other Activities and Projects") amended M.G.L. c. 62C, §§ 7, 11 and 12 to conform the due dates for Massachusetts partnership and business corporation tax returns to the federal due dates for such tax returns, beginning with tax returns due on or after January 1, 2018. Under prior law, all business corporations, including S corporations, were required to file a corporate excise return on or before the 15th day of the third month following the close of each taxable year. Accordingly, the principal reporting corporation of a combined group was required to file a combined report on behalf of the group on or before the 15th day of the third month following the close of the taxable year of the group. Under the new statutory rules, an S corporation is required to file a corporate excise return on or before the 15th day of the third month following the close of each taxable year, and a business corporation that is not an S corporation is required to a file a corporate excise return on or before the 15th day of the fourth month following the close of each taxable year. This divergence in due dates means that the return due date for the taxpayer members of a combined group may differ when the combined group includes an S corporation even when all such corporations share the same taxable year. 830 CMR 62C.11.1 is being promulgated to clarify the corporate excise return due date in the case of an S corporation that is a member of a combined group.
Business Corporation. A business corporation as defined in M.G.L. c. 63, § 30.
Combined Group. A combined group as defined in 830 CMR 63.32B.2.
Combined Report. A combined report as defined in 830 CMR 63.32B.2.
Principal Reporting Corporation. A principal reporting corporation as defined in 830 CMR 63.32B.2.
S Corporation. An entity described at Internal Revenue Code § 1361, as amended and in effect for the taxable year.
Exact Amount | To be reported as |
$ 18.49 | $ 18 |
18.5 | 19 |
18.51 | 19 |
830 CMR 62C.11.1