Form Ma Nrcr PDF Details

The MA NRCR Form, or Nonresident Composite Return for the 2012 tax year, is a key document for pass-through entities in Massachusetts, facilitating income tax filing for nonresident members collectively. It meticulously outlines income types, including rent, royalties, partnership income, and more, alongside specific details such as lottery winnings and interest income, aiming to streamline the filing process. Beyond income reporting, the form integrates provisions for tax calculations on various income levels, the application of payments from previous years, estimated tax payments, and any adjustments due to extensions or penalties. Additionally, it addresses the administrative aspect of filing, including changes in the entity or agent information, the inclusion of upper-tier entities, and authorization for the Massachusetts Department of Revenue to communicate with the designated preparer. Designed for electronic filing, this form necessitates precision in reporting and adherence to regulatory requirements, representing a blend of compliance and facilitation for entities navigating the complexities of tax obligations in Massachusetts.

QuestionAnswer
Form NameForm Ma Nrcr
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesmassachusetts, reconciliation, preparer, Nonresident

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Form MA NRCR

Nonresident Composite Return

2012

Massachusetts

Department of

Revenue

Forcalendaryear2012ortaxableperiodbeginning

2012andending

 

 

 

 

 

 

Name of pass-through entity

 

Federal Identification number

 

 

3

 

3

 

 

 

 

 

 

 

Address

 

City/Town

State

Zip

 

 

 

 

Name of filing agent

Name/address change since last year?

Is entity filing Schedule TDS?

Number of members included on return

 

 

 

Yes

No

Yes

No

 

 

Is this composite return being filed on behalf of one or more upper-tier entities?

 

This composite return is being filed by a:

 

Yes

No. If Yes, enter the total number of upper-tier entities represented:

 

Partnership

S corporation

Summary Information. The following lines represent summary amounts for all participants.

 

 

1

. . . . . . . . .Rent, royalty, REMIC, partnership, S corporation, trust income/loss (from Schedule E Reconciliation, line 58)

. . . 1

 

2

. . . . . . .Massachusetts state lottery winnings

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . 2

 

3

. . . . .Other income (from Schedule X, line 5)

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . 3

 

4

. . . . . . . . . . . . . . . . . . .Massachusetts bank interest (from Schedule B, line 5)

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . 4

 

5a

. . . . . . . . . . . . . . . . . . .Add lines 1 through 4

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 5a

 

5b

. . . . . . . . . . . . . . . . . . . . . . . . .Enter amount from line 5a but not less than “0”

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 5b

 

6

. . . . . . . . . . . . . . . . . .Interest and dividend income (from Schedule B, line 38)

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . 6

 

7

. . . . . . . . . . . . . . . . . . . . . . . . .Total 5.25% taxable income. Add lines 5b and 6

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . 7

 

8

. . . . . . . . . . . . . . . . . . . . . . . . .Tax on 5.25% income. Multiply line 7 by tax rate

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . 8

 

9

. . . .12% income (from Schedule B, line 39)

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . 9

 

10

. .Tax on 12% income. Multiply line 9 by .12

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 10

 

11

. . . . . . . . . . . . . . . . .Tax on long-term capital gains (from Schedule D, line 22)

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 11

 

12

. . . . . . . . . . . . . . . . . . . . . . . . . .Credit recapture amount (from Schedule H-2)

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 12

 

13

. . . . . . . . .Additional tax on installment sales

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 13

 

14

. . . . . . . . . . . . . . . . . . . . . . . .Total income tax. Add lines 8 and 10 through 13

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 14

 

15

. . . . . . . . . . .Overpayment from prior year applied to this year’s estimated tax

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 15

 

16

. . . .Massachusetts estimated tax payments

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 16

 

17

. . . . . . . . . . .Payments made with extension

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 17

 

18

. . . .Total payments. Add lines 15 through 17

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 18

 

19

.Overpayment. If line 14 is smaller than line 18, subtract line 14 from line 18. If line 14 is larger than line 18, go to line 22

. . 19

 

20

. . . . . . . . . . . . . .Amount of overpayment applied to next year’s estimated tax

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 20

 

21

. . . . . .Refund. Subtract line 20 from line 19

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 21

 

22

. . . . . .Tax due. Subtract line 18 from line 14

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 22

 

23

. . . . . . . . .Interest

. . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 23

 

24

. . . . . . . . . . . . . . . .Late file/payment penalty

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 24

 

25

M-2210 penalty

.Exception

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 25

 

26

. .Total balance due. Add lines 22 through 25

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . 26

 

Statement of Adjustments. Explain adjustments to any items listed on the return above. Be sure to identify applicable line item and schedule.

I am the designated filing agent for the pass-through entity and am authorized to sign this return on behalf of the pass-through entity. If this is atiered entity composite return, I have signed statements from the filing agents of each of the entities listed on this return indicating that they join in this composite return.

May DOR discuss this return with the preparer?Paid preparer’s namePreparer’s SSN or PTIN

Yes

Paid preparer’s phone

Paid preparer’s EIN

 

 

 

 

 

Paid preparer’s signature

Date

Self-employed?

 

 

Yes

No

This form must be filed electronically

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