Income/Franchise Tax - Massachusetts: Department issues emergency amendment to combined reporting regulation
Emergency Amendment to 830 CMR 63.32B.2, Mass. Dept. of Rev. (12/22/09). The department has issued an emergency amended regulation involving combined reporting for Massachusetts corporate excise tax purposes, further discussing the parameters for determining water's edge and worldwide filing requirements. The amendment also discusses calculating taxable income for a taxable member of a combined group, as well as apportionment computations. Illustrative examples are provided. Note that combined reporting for multistate corporations came into effect in Massachusetts for tax years beginning on or after January 1, 2009.
