Schedule D. Intangible Property Corporation —
Value of Net Worth Allocated to Massachusetts
1998 355C-A — Page 4
(Complete this schedule only if Schedule B, line 13 is less than 10%)
Note: Enter all values as net book values from Schedule A, column C
31. Total assets (Schedule A, line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 $
22. Total liabilities (Schedule A, line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 $
13. Mass. tangible property subject to local taxation (Sch. B, line 6) . . . . . . . . . . 3 $
14. Less any mortgages thereon (Sch. A, line 19a); enter result . . . . . . . . . . . . . 4
15. Investments in and advances to subsidiaries which are 80% or more owned . . . . . . . . . . . . . . . . . . . . . . . . 5
36. Deductions from total assets. Add lines 2, 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
37. Allocable net worth. Subtract line 6 from line 1. Do not enter less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 $
38. Income apportionment percentage (Schedule F, line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
%
39. Taxable net worth. Multiply line 7 by line 8. (Enter line 9 as line 2 and enter zero as line 1 in Computation of Excise) . . . . . . . . . . . . . . . . . . . 9 $
Schedule E-1. Dividends Deduction
31. Total dividends (U.S. Form 1120, Schedule C, line 19). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 $
22. Dividends from Massachusetts corporate trusts (attach schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 $
23. Dividends from non-wholly-owned DISCs (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
24. Dividends, if less than 15% of voting stock owned:
a On common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a
b On preferred stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b
35. Total taxable dividends. Add lines 2 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
36. Dividends eligible for deduction. Subtract line 5 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
37. Dividends deduction.* Multiply line 6 by .95. Enter here and in Schedule E, line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 $
*Attach schedule showing payers, amounts and % of voting stock owned by class of stock.
Schedule F-1. Business Locations Outside Massachusetts
Complete this schedule only if the corporation has income from business activities which is taxable both in Massachusetts and in any other states.
Answer Yes or No
Indicate Whether Factory,
Location
Sales Office, Warehouse,
Accepts
Registered to Do
Files Returns
(City and State)
Construction Site, etc.
Orders
Business in State
in State
Corporate Disclosure Schedule: Massachusetts requires all corporations to complete the following items.
¨ $
31. Enter the amount for Charitable Contributions (U.S. Form 1120, line 19). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32. Enter the amount of the deduction for federal research expenses (included in U.S. 1120, line 26) allowed under IRC sec. 174,
¨ $
plus the credit for research allowed by IRC sec. 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter in line 3a the amounts of any accelerated depreciation (ACRS, MACRS, or others) allowed as a federal deduction for the taxable year. In line 3b, enter depreciation for
property included in line 3a determined by using generally accepted accounting principles. Subtract line 3b from line 3a and enter the result in line 3c.
Buildings (other than
Pollution
Equipment
Rental Housing
Rental Housing)
Control Facilities
¨ $
¨ $
¨ $
¨ $
3a. Enter any accelerated depreciation taken federally for . . . . . . .
3b. Depreciation calculated according to generally accepted
¨ $
¨ $
¨ $
¨ $
accounting principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¨
¨
¨
¨
3c. Subtract line 3b from line 3a. Enter result here . . . . . . . . . . . . .
$
$
$
$