Mass. Business List Filings Due April 1
Businesses that are taxed as corporations and that want to be listed in the state's "Corporations Book" have less than a week to certify their federal and state income tax status as corporations through the Web File for Business page on the Massachusetts Department of Revenue (DOR) website, which is a new process for businesses.
Every April, the agency's Division of Local Services publishes the listing to assist Massachusetts cities and towns in determining the tax status of businesses located within their communities and which are subject to property tax benefits. DOR said it's introducing the new process to update the list and ensure that it's complete and accurate. The filing deadline is April 1.
"DOR is essentially creating a new process for ensuring entities are listed in the Corporations Book because with recent changes in the entity tax classification rules, we weren't getting the information we needed to make accurate decisions about which businesses belonged in the book," Revenue Commissioner Amy Pitter said in a statement. "This will reduce the potential for errors (that) can adversely impact both taxpayers and cities and towns."
A business that fails to file the certification electronically by April 1 may mean it won't appear on the list and potentially lead to a loss of local property tax benefits that listed corporations could be eligible for unless a timely appeal is filed.
Any entity that wants to be included on the list that has not previously registered for WebFile for Business will need to register before it can file. The Department's WebFile for Business application can be accessed at this link.
For more information or a demonstration of the application, click this link.
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