Triva isn't available right now.
Check out the support page for our phone number and hours
Solutions
-
Corporations
-
Governments
Success stories
-
A true competitive advantage
Law firm Zarin Baum’s embrace of generative AI as the natural next step in the evolution of legal work and their adoption of CoCounsel Legal has helped them achieve remarkable efficiency gains and improved client relationships.
-
Workflow transformation drives impact
Brinks, a global leader in secure logistics and security solutions, used CoCounsel to reimagine what was possible with AI tools, turning legal challenges into a competitive advantage.
-
The forefront of audit tech
A better auditing workflow solution was the answer to multiple challenges faced by The Mercadien Group. Find out how they achieved greater efficiency by embracing Cloud Audit Suite.
Questions? We are here to help.
Products
-
Tax, audit & accounting
Recommended products
-
CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
-
CoCounsel Tax
Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
-
CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
Questions? We are here to help.
Purchase
Resources
-
Product training
-
Product communities
-
Developers
Highlights
-
2026 SKILLS Showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
-
Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
-
Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen MAInv - Massachusetts Investment Tax Credit (1120)
Show all hidden content
General Information
Type of corporation
Enter the type of corporation for Schedule H. Schedule H will not calculate until this field is completed.
Qualified Property
Leased property
For leased property located in Massachusetts, use the statement to enter the qualified amount calculated by multiplying the adjusted basis in the qualified property at the beginning of the lease term, by a fraction, the numerator of which shall be the number of days of the taxable year during which the lessee corporation leases the tangible personal property and the denominator of which shall be the number of days in the useful life of such property. Refer to Massachusetts Technical Information Release 04-7 for further information.
Buildings / … / Other fixed assets
There are two fields for each category of qualified property. If information is entered in the asset module, the sum of the amounts entered in the
Cost / Basis
field of the asset module for all assets placed in service in the current year, with a Massachusetts situs, asset life greater than or equal to four years, and the MA - Sch A association completed will transfer to the Calculated Amount
column based on the MA - Sch A association. In addition to the amounts from the asset module, amounts entered in the Leased property
field will also be included in the Calculated Amount
column. If there is no information in the asset module and no amounts have been entered in the Leased property
field, the Calculated Amount
column will be blank.note
Assets with the MA - Inv tax cr association coded as Not qualified will be excluded from the
Calculated Amount
column.If an amount appears in the first field and you want the application to use a different amount to complete Schedule H, enter an amount (or zero) in the second field. The application uses the amount in the second field instead of the amount in the first field. If no amount appears in the first field, enter an amount in the second field if needed.
Total US investment tax credit and US basis reduction
If information is entered in the asset module, the sum of the basis reduction for all assets placed in service in the current year, with a Massachusetts situs, asset life greater than or equal to four years, and the MA - Sch A association completed, except those coded as Land, Motor vehicles and trailers, or Construction in progress, will transfer to the
Calculated Amount
column. If there is no information in the asset module, the Calculated Amount
column will be blank.note
Assets with the MA - Inv tax cr association coded as Not qualified will be excluded from the
Calculated Amount
column.If an amount appears in the first field and you want the application to use a different amount to complete Schedule H, enter an amount (or zero) in the second field. The application uses the amount in the second field instead of the amount in the first field. If no amount appears in the first field, enter an amount in the second field if needed.