Enlarge image | 2020 Schedule CIR Instructions Consolidated Return Income Reconciliation Column f Schedule CIR, Consolidated Income Reconciliation, reconciles the Enter the three-digit numeric code that identifies the type of Mass- net income of corporations filing in Massachusetts that are part of achusetts tax return being filed. Corporations filing both Form 355U a U.S. consolidated return with the consolidated net income re- and any other return must use the code for Form 355U. If not filing ported to the IRS. Form 355U, do not complete columns g, h or i. Taxpayers must file this schedule if their income is included in a 007: Form 3, Partnership Return U.S. consolidated return. For corporations that are filing as mem- Form 355SC, Security Corporation Excise Return 350: bers of a Massachusetts unitary group, only one Schedule CIR must be filed by the principal reporting corporation. 346: Form 355U, Excise for Taxpayers Subject to Combined Reporting Taxpayers must identify the parent corporation filing the federal consolidated return (if different than the corporation filing the Mass- 374: Form 63-29A, Ocean Marine Profits tax return achusetts return) and must also report the number of members 375: Form 63FI, Financial Institution Excise tax return participating in the federal consolidated return and the total assets as shown on the federal consolidated Schedule L. 386: Form 63-20P, Premium Excise Return for Insurance Companies Taxpayers must list each corporation included in the U.S. consoli- dated return and its separate company income. The total number 387: Form 63-23P, Premium Excise return for Life Insurance of these entries must equal the number of corporations participat- Companies ing in the return as reported in the header. A single entry is also re- 397: Form 355, Massachusetts Business or Manufacturing quired for the total change to group income from all consolidation Corporation Excise Return adjustments made in reaching the U.S. consolidated return total. 997: Other The total of the amounts in column d must match the total income as shown on the U.S. consolidated return of income before the 000: No Massachusetts return is being filed for this tax year NOL deduction or any special deductions (from U.S. Form 1120, Column g line 28 or equivalent). Enter the amount of a member’s income excluded from the com- General Information bined report from Schedule U-M, line 28, column d. Column a Column h Enter the legal name of the entity. Enter the amount of a member's non-unitary income allocated to Massachusetts form Schedule U-ST, combine lines 12, 17 and 22 Column b to obtain this amount. Enter the Federal Identification number. Column i Column c Enter the member’s share of combined income apportioned to 01: U.S. domestic corporation Massachusetts. From Schedule U-ST, combine lines 11, 16 and 02: U.S. domestic limited liability company 21 to obtain this amount. 04: Other domestic entity 11: Foreign (non-U.S.) entity included in the U.S. consolidated return. 98: U.S. consolidation adjustments 99: U.S. eliminations from consolidation Column d Enter the current year separate company income before any net operating loss deduction or special deductions (from U.S. Form 1120, line 28 or the equivalent). Column e Enter “Y” if a Massachusetts tax return is being filed by this entity. Enter “N” if a Massachusetts tax return is not being filed by this entity. |