Form 1120ME Maine Corporate Income Tax Return - Maine

Form 1120ME is a Maine Department of Administrative and Financial Services form also known as the "Maine Corporate Income Tax Return". The latest edition of the form was released in January 1, 2017 and is available for digital filing.

Download a PDF version of the Form 1120ME down below or find it on Maine Department of Administrative and Financial Services Forms website.

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2017
MAINE CORPORATE INCOME TAX RETURN
99
FORM 1120ME
For calendar year
2017 or tax year
to
*1700100*
2017
MM
DD
YYYY
MM
DD
YYYY
Check if you fi led
federal Form 990-T
Name of Corporation
Federal Business Code
Address
Federal Employer ID Number
State of
Incorporation
City, Town or Post Offi ce
State
ZIP Code
Parent Company Employer ID Number
Contact Person’s First Name
Contact Person’s Last Name
Telephone Number
Check this box if your address has
ELECTRONIC FILING & PAYMENT REQUIREMENTS
changed.
Corporations with total assets of $5 million or more as of the last day of the tax year must fi le Form
Check this box if you are claiming an
1120ME electronically unless the taxpayer has been granted a waiver. Taxpayers unable to meet
exemption from the Maine corporate
the electronic fi ling requirement because of undue hardship may request a waiver from the State
income tax pursuant to PL 86-272.
Tax Assessor. The request must be in writing and must include the name, address, federal employer
ID number of the corporation, a detailed explanation of why fi ling electronically poses a signifi cant
Check this box if during the tax year
any member of the combined group
hardship and when the taxpayer will be able to comply with the electronic fi ling requirement. Mail
disposed of an interest in a pass-
waiver requests to: Maine Revenue Services, Corporate Tax Unit, P.O. Box 1060, Augusta, ME
through entity doing business in Maine.
04332-1060.
Check this box if any member of the
For more information on Maine electronic fi ling requirements (Rule 104) and information on Maine
combined group owned an interest in a
electronic payment requirements (Rule 102), go to www.maine.gov/revenue (select “Laws & Rules”).
pass-through entity doing business in
Maine. If so, provide EIN of pass-
CHECK APPLICABLE BOXES:
through entity:
(1)
(3)
(2)
Amended
Combined return
Initial Return
Return
(Attach Form CR)
(4)
Final return
If fi nal, indicate the fi nal business date ____________ and check the appropriate box
below:
(a)
(b)
(c)
Ceased doing
Merged, acquired or reorganized
Dissolved
business in Maine
Successor EIN ______________
Member of an affi liated
(5)
(6)
group fi ling a separate
Based on a pro-forma
return
.00
A.
FEDERAL CONSOLIDATED INCOME (federal Form 1120, line 30) ....................................................... A.
.00
B.
TENTATIVE TOTAL TAX FILED ON FEDERAL FORM 7004 ................................................................... B.
1.
FEDERAL TAXABLE INCOME (federal Form 1120, line 30. If fi ling a combined report, enter
.00
amount from Form CR, line 11). If negative, enter a minus sign to the left of the number ...................... 1.
SUBTRACTIONS FROM FEDERAL TAXABLE INCOME:
.00
2
a. NONTAXABLE INTEREST .............................................................................................................. 2a.
.00
b
FOREIGN DIVIDEND GROSS-UP................................................................................................... 2b.
c. WORK OPPORTUNITY CREDIT AND EMPOWERMENT ZONE CREDIT DEDUCTIONS
.00
(attach federal Form 5884 and/or Form 8844, as appropriate) ..........................................................2c.
.00
d. INCOME NOT TAXABLE UNDER THE CONSTITUTION OF MAINE OR THE U.S. ..........................2d.
e. DIVIDENDS FROM CERTAIN AFFILIATED CORPORATIONS
.00
(limitations - see instructions) ............................................................................................................ 2e.
.00
f. NET OPERATING LOSS RECAPTURE (see instructions) ............................................................... 2f.
g. INCOME FROM OWNERSHIP INTEREST IN PASS-THROUGH ENTITY FINANCIAL
.00
INSTITUTIONS (subject to Maine franchise tax) .............................................................................. 2g.
2017
MAINE CORPORATE INCOME TAX RETURN
99
FORM 1120ME
For calendar year
2017 or tax year
to
*1700100*
2017
MM
DD
YYYY
MM
DD
YYYY
Check if you fi led
federal Form 990-T
Name of Corporation
Federal Business Code
Address
Federal Employer ID Number
State of
Incorporation
City, Town or Post Offi ce
State
ZIP Code
Parent Company Employer ID Number
Contact Person’s First Name
Contact Person’s Last Name
Telephone Number
Check this box if your address has
ELECTRONIC FILING & PAYMENT REQUIREMENTS
changed.
Corporations with total assets of $5 million or more as of the last day of the tax year must fi le Form
Check this box if you are claiming an
1120ME electronically unless the taxpayer has been granted a waiver. Taxpayers unable to meet
exemption from the Maine corporate
the electronic fi ling requirement because of undue hardship may request a waiver from the State
income tax pursuant to PL 86-272.
Tax Assessor. The request must be in writing and must include the name, address, federal employer
ID number of the corporation, a detailed explanation of why fi ling electronically poses a signifi cant
Check this box if during the tax year
any member of the combined group
hardship and when the taxpayer will be able to comply with the electronic fi ling requirement. Mail
disposed of an interest in a pass-
waiver requests to: Maine Revenue Services, Corporate Tax Unit, P.O. Box 1060, Augusta, ME
through entity doing business in Maine.
04332-1060.
Check this box if any member of the
For more information on Maine electronic fi ling requirements (Rule 104) and information on Maine
combined group owned an interest in a
electronic payment requirements (Rule 102), go to www.maine.gov/revenue (select “Laws & Rules”).
pass-through entity doing business in
Maine. If so, provide EIN of pass-
CHECK APPLICABLE BOXES:
through entity:
(1)
(3)
(2)
Amended
Combined return
Initial Return
Return
(Attach Form CR)
(4)
Final return
If fi nal, indicate the fi nal business date ____________ and check the appropriate box
below:
(a)
(b)
(c)
Ceased doing
Merged, acquired or reorganized
Dissolved
business in Maine
Successor EIN ______________
Member of an affi liated
(5)
(6)
group fi ling a separate
Based on a pro-forma
return
.00
A.
FEDERAL CONSOLIDATED INCOME (federal Form 1120, line 30) ....................................................... A.
.00
B.
TENTATIVE TOTAL TAX FILED ON FEDERAL FORM 7004 ................................................................... B.
1.
FEDERAL TAXABLE INCOME (federal Form 1120, line 30. If fi ling a combined report, enter
.00
amount from Form CR, line 11). If negative, enter a minus sign to the left of the number ...................... 1.
SUBTRACTIONS FROM FEDERAL TAXABLE INCOME:
.00
2
a. NONTAXABLE INTEREST .............................................................................................................. 2a.
.00
b
FOREIGN DIVIDEND GROSS-UP................................................................................................... 2b.
c. WORK OPPORTUNITY CREDIT AND EMPOWERMENT ZONE CREDIT DEDUCTIONS
.00
(attach federal Form 5884 and/or Form 8844, as appropriate) ..........................................................2c.
.00
d. INCOME NOT TAXABLE UNDER THE CONSTITUTION OF MAINE OR THE U.S. ..........................2d.
e. DIVIDENDS FROM CERTAIN AFFILIATED CORPORATIONS
.00
(limitations - see instructions) ............................................................................................................ 2e.
.00
f. NET OPERATING LOSS RECAPTURE (see instructions) ............................................................... 2f.
g. INCOME FROM OWNERSHIP INTEREST IN PASS-THROUGH ENTITY FINANCIAL
.00
INSTITUTIONS (subject to Maine franchise tax) .............................................................................. 2g.
99
FORM 1120ME - Page 2
2017
MAINE CORPORATE INCOME TAX RETURN
*1700101*
Federal EIN
SUBTRACTIONS, cont:
.00
h. STATE INCOME TAX REFUNDS (included in line 1 above) ............................................................ 2h.
.00
i. BONUS DEPRECIATION/SECTION 179 EXPENSE RECAPTURE ..................................................2i.
.00
j. OTHER (see instructions) ...................................................................................................................2j.
.00
k. TOTAL SUBTRACTIONS (add lines 2a through 2j) ..........................................................................2k.
3.
LINE 1 MINUS 2k. If negative, enter a minus sign
.00
in the box to the left of the number ........................................................................................................... 3.
ADDITIONS TO FEDERAL TAXABLE INCOME:
.00
4
a. INCOME TAXES (imposed by Maine or any other state, attach schedule) ...................................... 4a.
.00
b. DOMESTIC PRODUCTION ACTIVITIES DEDUCTION ................................................................... 4b.
.00
c. INTEREST FROM STATE AND MUNICIPAL BONDS (other than Maine) ........................................4c.
.00
d. NET OPERATING LOSS ADJUSTMENT (see instructions) ............................................................ 4d.
.00
e. MAINE CAPITAL INVESTMENT CREDIT BONUS DEPRECIATION ADD-BACK .......................... 4e.
.00
f. BONUS DEPRECIATION ADD-BACK .............................................................................................. 4f.
.00
g. OTHER (see instructions) ................................................................................................................ 4g.
.00
h. TOTAL ADDITIONS (add lines 4a through 4g) ................................................................................. 4h.
.00
...................................................
5.
ADJUSTED FEDERAL TAXABLE INCOME (add lines 3 and 4h)
5.
TAX:
.00
6.
GROSS TAX (from rate schedule on page 7 of instructions) ................................................................... 6.
.00
7
a. MAINE CORPORATE INCOME TAX (from line 6 above or Schedule A, line 6) ............................... 7a.
.00
b. ALTERNATIVE MINIMUM TAX: (from Schedule B, line 10c - attach federal Form 4626) .............. 7b.
.00
c. TOTAL TAX (add lines 7a and 7b) .....................................................................................................7c.
PAYMENTS AND CREDITS:
.00
8
a. MAINE ESTIMATED TAX PAID ........................................................................................................ 8a.
.00
b. EXTENSION PAYMENT (Form 1120EXT-ME) .................................................................................. 8b.
.00
c. TAX CREDITS (Schedule C, line 1v plus line 2c) ..............................................................................8c.
d. INCOME TAX WITHHELD (from a pass-through entity or from gambling winnings.
.00
Enclose Form 1099ME, W-2G, or other supporting documentation) ................................................ 8d.
.00
e. If amended, enter payments (see instructions) ................................................................................. 8e.
.00
f. If amended, enter overpayments (see instructions) ........................................................................... 8f.
g. TOTAL PAYMENTS AND CREDITS (add lines 8a through 8e and subtract line 8f; if the result is
.00
negative, enter a minus sign to the left of the number) ..................................................................... 8g.
FORM 1120ME - Page 3
99
2017
MAINE CORPORATE INCOME TAX RETURN
*1700102*
Federal EIN
Use EZ Pay at
9.
TAX AND CREDITS - TAX DUE OR OVERPAYMENT
maine.gov/revenue
a. If line 7c is greater than line 8g, subtract line 8g from
.00
line 7c and enter the TAX DUE ............................................. 9a.
Check here if
b. If line 8g is greater than line 7c, subtract line 7c from
Form 2220ME
.00
line 8g and enter the OVERPAYMENT ................................. 9b.
block 5a is checked.
.00
10.
Enter PENALTY for underpayment of estimated tax (attach Form 2220ME).............................................................. 10.
11.
TOTAL DUE If you completed line 9a, OR line 9b is less than line 10, enter the total due.
Pay in full with return. You may be required to make payments electronically. See instructions or Rule 102.
.00
Make check payable to Treasurer, State of Maine. ....................................................................................................11.
12.
OVERPAYMENT If the amount on line 9b exceeds the amount on line 10, subtract the amount on line 10 from
.00
line 9b and complete line 13 ....................................................................................................................................... 12.
13.
Amount of line 12 to be:
.00
.00
13a. CREDITED to next year’s estimated tax
13b. REFUNDED
REFUND DEPOSITED DIRECTLY TO YOUR CHECKING ACCOUNT ($20,000 or less). SEE INSTRUCTIONS.
Check this box if this
refund will go to an
13c. Routing Number
account outside the
United States
13d. Checking Account Number
CORPORATION PRESIDENT’S NAME
SOCIAL SECURITY NUMBER
TREASURER’S NAME
SOCIAL SECURITY NUMBER
COMPANY’S WEB SITE ADDRESS
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements and to the best of my knowledge and belief they are
true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
DATE
OFFICER’S SIGNATURE
TITLE
SOCIAL SECURITY NUMBER
DATE
SIGNATURE AND ADDRESS OF PREPARER (INDIVIDUAL OR FIRM)
PREPARER’S SSN OR PTIN
THIS RETURN MUST BE ACCOMPANIED BY A LEGIBLE COPY OF THE U.S. CORPORATE INCOME TAX RETURN, FEDERAL FORM 1120,
PAGES 1-5, FOR THE SAME TAXABLE PERIOD.
Please submit forms in the following order:
1. Pages 1 through 7 of Form 1120ME, as required.
2. Form CR, if required, including affi liation schedule.
3. Other statements for the Maine income tax return.
4. A copy of federal Form 1120, pages 1 through 5.
If not enclosing a check,
If enclosing a check, make check payable to:
Treasurer, State of Maine
MAIL RETURN TO:
and MAIL WITH RETURN TO:
MAINE REVENUE SERVICES
MAINE REVENUE SERVICES
P.O. BOX 1064
P.O. BOX 1065
AUGUSTA, ME 04332-1064
AUGUSTA, ME 04332-1065
FORM 1120ME - Page 4
99
2017
MAINE CORPORATE INCOME TAX RETURN
*1700103*
Federal EIN
SCHEDULE A - APPORTIONMENT OF TAX
Do not complete this schedule if 100% of your business activity is attributable to Maine.
Schedules B, C, and D may still be required.
All others must complete this schedule and enter amounts in columns A and B, even if those amounts are zero.
If this schedule is left blank or excluded, your Maine apportionment factor will be set at 100%. Round all dollar amounts to whole numbers.
Check if using an alternate apportionment as provided by 36 M.R.S. § 5211(17) or if this is a mutual fund service provider electing to use the
special apportionment formula under 36 M.R.S. § 5212(2).
(A)
(B)
(C)
Apportionment Factor
Within
Line 1, Col. (A)/Col. (B)
Maine
Everywhere
Rounded to 6 Decimals
1.
Total
÷
.00
.00 = .
Sales
2.
Total
.00
.00
Payroll
3.
Total
.00
.00
Property
4.
MAINE APPORTIONMENT FACTOR (line 1, column (C) above) ............................................................................................................... 4.
.00
5.
GROSS TAX (Form 1120ME, line 6) ................................................................................................................ 5.
6.
MAINE CORPORATE INCOME TAX (line 5 x line 4 factor.
.00
Enter here and on Form 1120ME, line 7a, page 2) .......................................................................................... 6.
.00
7.
What amount of line 3, column A is TANGIBLE PERSONAL PROPERTY? ................................................... 7.
SCHEDULE B - ALTERNATIVE MINIMUM TAX
(Attach federal Form 4626)
1.
FEDERAL ALTERNATIVE MINIMUM TAXABLE INCOME (federal Form 4626, line 7.
.00
If negative, enter a minus sign in the space to the left of the total) ...........................................................1.
.00
2.
MODIFICATIONS (if negative, enter a minus sign in the space to the left of the total)............................2.
3.
TENTATIVE ALTERNATIVE MINIMUM TAXABLE INCOME (Combine lines 1 and 2. If zero
.00
or less, enter zero and stop here. You have no alternative minimum tax for this year.) ..........................3.
.00
4.
EXEMPTION (see instructions) .................................................................................................................4.
.00
5.
ADJUSTED TENTATIVE ALTERNATIVE MINIMUM TAXABLE INCOME (line 3 minus line 4) ..............5.
.
6.
APPORTIONMENT FACTOR (round to 6 decimals. If 100%, enter 1.000000.) .....................................6.
.00
7.
ALTERNATIVE MINIMUM TAXABLE INCOME (line 5 multiplied by line 6) ............................................7.
.00
8.
TENTATIVE MINIMUM TAX (line 7 multiplied by 5.4% [0.054]) ...............................................................8.
.00
9.
MAINE CORPORATE INCOME TAX (Form 1120ME, line 7a) .................................................................9.
10.
a.
ALTERNATIVE MINIMUM TAX PRIOR TO PINE TREE DEVELOPMENT ZONE CREDIT
.00
(line 8 minus line 9) ......................................................................................................................10a.
b.
PINE TREE DEVELOPMENT ZONE ALTERNATIVE MINIMUM TAX CREDIT
.00
(from credit application worksheet) ..............................................................................................10b.
c.
ALTERNATIVE MINIMUM TAX (line 10a minus line 10b).
.00
Enter here and on Form
1120ME,
line 7b. (If less than zero, enter zero) ................................... 10c.
FORM 1120ME - Page 5
2017
99
MAINE CORPORATE INCOME TAX RETURN
*1700104*
Federal EIN
SCHEDULE C - TAX CREDITS
(Attach worksheets. To get worksheets, see www.maine.gov/revenue/forms.)
Non-refundable Credits
.00
1.
a.
SEED CAPITAL INVESTMENT TAX CREDIT ............................................................................................... 1a.
.00
b.
JOBS AND INVESTMENT TAX CREDIT CARRYFORWARD ....................................................................... 1b.
c.
EMPLOYER-ASSISTED DAY CARE CREDIT AND
.00
QUALITY CHILD CARE INVESTMENT CREDIT CARRYFORWARD .......................................................... 1c.
.00
d.
EMPLOYER-PROVIDED LONG-TERM CARE BENEFITS CREDIT CARRYFORWARD ............................ 1d.
.00
e.
PINE TREE DEVELOPMENT ZONE REGULAR TAX CREDIT ...................................................................... 1e.
.00
f.
MAINE CAPITAL INVESTMENT CREDIT ....................................................................................................... 1f.
.00
g.
RESEARCH EXPENSE TAX CREDIT............................................................................................................ 1g.
h.
SUPER CREDIT FOR SUBSTANTIALLY INCREASED
.00
RESEARCH AND DEVELOPMENT CARRYFORWARD ............................................................................... 1h.
.00
i.
HIGH-TECHNOLOGY INVESTMENT TAX CREDIT CARRYFORWARD ....................................................... 1i.
.00
j.
MINIMUM TAX CREDIT (from Schedule D, line 1g) ........................................................................................ 1j.
.00
k.
CREDIT FOR DEPENDENT HEALTH BENEFITS PAID CARRYFORWARD ............................................... 1k.
.00
l.
CREDIT FOR EDUCATIONAL OPPORTUNITY ............................................................................................. 1l.
.00
m.
WELLNESS PROGRAM CREDIT ................................................................................................................. 1m.
.00
n.
CERTIFIED VISUAL MEDIA PRODUCTION CREDIT ................................................................................... 1n.
.00
o.
BIOFUEL PRODUCTION TAX CREDIT CARRYFORWARD ......................................................................... 1o.
.00
p.
MAINE FISHERY INFRASTRUCTURE CREDIT ........................................................................................... 1p.
.00
q.
CREDIT FOR DISABILITY INCOME PROTECTION PLANS ........................................................................ 1q.
.00
r.
TOTAL NON-REFUNDABLE CREDITS: (add lines 1a through 1q) .............................................................. 1r.
.00
s.
CREDIT RECAPTURE (see instructions) ....................................................................................................... 1s.
.00
t.
MAINE CORPORATE INCOME TAX (from Form 1120ME, line 7a) ................................................................ 1t.
.00
u.
CREDIT MAXIMUM (add lines 1s and 1t) ...................................................................................................... 1u.
v.
ALLOWABLE NONREFUNDABLE CREDITS (Enter amount from line 1r or 1u, whichever is less.
.00
Add this line to line 2c and enter result on Form 1120ME, line 8c) ..................................................................1v.

Download Form 1120ME Maine Corporate Income Tax Return - Maine

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