Massachusetts DOR Publishes Information on Small Business Energy Exemption, Filing Schedule FCI

The Massachusetts Department of Revenue (DOR) Oct. 19 published an October tax news update. The update includes information on: 1) a new process for small business energy sales and use tax exemptions; 2) the requirement for some business corporations to file a new Schedule FCI with corporate income tax returns to report pro rata share of foreign corporation income; 3) the DOR’s grants to low-income individual income taxpayer clinics to assist with tax issues including collection matters, abatements, and appeals; and 4) an upgrade concerning the sending of large files concerning individual income, corporate income, sales and use, excise, estate, ...