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Screen MASC - Massachusetts Security Corporations (1120)

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General Information

Security corporation class
Enter
1
 if the corporation is a class 1 security corporation taxed at .0033. Enter
2
 if the corporation is a class 2 security corporation taxed at .0132. Form 355SC won't calculate until this box is completed.
Initial return, if different from state
Enter
1
 if this is a new business that didn't have a predecessor. Enter
2
 if the business had a predecessor. If this box is blank and the federal 1120 return is an initial return, the application assumes the return is an initial return for a new business and marks the checkbox on the form.
Final return, if different from state
Enter
1
 if the business was terminated and there's no successor. Enter
2
 if the business has a successor. If this box is blank and the federal 1120 return is a final return, the application assumes the return is a final return for a terminated business and marks the checkbox on the form.

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