Supported Forms

The following Massachusetts forms are supported in Drake Tax 2023. Forms denoted with can be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID	EST
	List of Subsidiaries Requesting Extension with Form 7004
1	Resident Income Tax Return	P
1-ES	Estimated Tax Payment Voucher	P
1-NR/PY	Nonresident/Part-Year Resident	P
1 M-2210F	Underpayment of Massachusetts Estimated Income Tax for Fiduciaries					P
2	Massachusetts Fiduciary Income Tax Return					P
2-ES	Estimated Tax Payment Voucher					P
2G	Grantor’s/Owner’s Share of a Grantor-Type Trust	P				P
2-PV	Massachusetts Fiduciary Income Tax Payment Voucher					P
3	Massachusetts Partnership Return of Income				P
355	Business or Manufacturing Corporation Excise Return		P
355-7004	Corporate Extension Payment Worksheet and Voucher		P	P
355-A	Schedule A355 and 355S Schedule A		P	P
355-CAR	MA Corporation Annual Report		P	P
355-ES	Corporate Estimated Tax Payment Voucher		P	P
355-PAR	MA Professional Annual Report		P	P
355-PV	Payment Voucher		P
355-S	S Corporation Distributive Income			P
355S	S Corporation Excise Return			P
355-SHR	Attachment for Annual Report – Shareholders		P	P
355S-PV	Massachusetts Corporate Tax Payment Voucher			P
CRFS	Composite Return Filing Statement			P	P
CRPPMT	MA Corporate Payment					P
EFO	Personal Income Tax Declaration of Paper-Filing	P
M-706	Massachusetts Estate Tax Return						P
M-1310	Statement of Person Claiming Refund Due a Deceased Taxpayer	P
M-2210	Underpayment of Massachusetts Estimated Income Tax	P		P	P	P
M-2220	Underpayment of Massachusetts Estimated Tax by Corporations		P	P
M-2848	Power of Attorney and Declaration of Representative	P	P	P	P	P	P
M-4422	Application for Certificate Releasing Massachusetts Estate Tax Lien						P
M-4868	Application for Automatic Extension to File	P		P	P
M-8453	Individual Income Tax Declaration for Electronic Filing	P
M-8453 CR	Nonresident Composite Return Tax Declaration for Electronic Filing			P	P
M-8453C	Corporate Tax Declaration for Electronic Filing		P	P
M-8453F	Fiduciary Tax Declaration for Electronic Filing					P
M-8453P	Partnership Tax Declaration for Electronic Filing				P
M-8736	Fiduciary Extension Payment Worksheet and Voucher					P
M-9325	Electronic Filing Information Handout	P
M-NRA	Massachusetts Nonresident Decedent Affidavit						P
MA63D-ELT	Entity-Level Tax			P	P	P
MA NRCR	Nonresident Composite Return			P	P
MAEF-PV	e-File ACH Payment Information	P
PTE-EX	Withholding Exemption Certificate for Members of a Pass-Through Entity	P	P	P	P	P
PV	Massachusetts Income Tax Payment Voucher	P
PWH-WA	Performer or Performing Entity Withholding Allocation Form	P
R/NR	Part-Year/Non-Resident Combined Worksheet	P
Schedule 2K-1	Beneficiary’s Massachusetts Information					P
Schedule 3K-1	Partner’s Massachusetts Information				P
Schedule 4% Surtax	Schedule 4% Surtax	P				P
Schedule A	Balance Sheet		P	P
Schedule ABI	Exceptions to the Add Back of Interest Expenses		P	P
Schedule ABIE	Exceptions to the Add Back of Intangible Expenses		P	P
Schedule B	Interest and Dividends	P
Schedule B	Interest, Dividends and Certain Capital Gains and Losses					P
Schedule B	Tangible or Intangible Property Corp. Classification		P	P
Schedule B/R	Beneficiary/Remaindermen					P
Schedule C	Profit or Loss from Business	P
Schedule C	Tangible Property Corporation		P	P
Schedule CB	Circuit Breaker Credit	P
Schedule CRS	Credit Recapture Schedule	P	P	P	P	P
Schedule D	Capital Gains and Losses					P
Schedule D	Long-Term Capital Gains and Losses Excluding Collectibles	P
Schedule D	Intangible Property Corporation		P	P
Schedule D-IS	Installment Sale	P
Schedule DI	Schedule DI	P
Schedule DRE	Disclosure of Disregarded Entity		P	P
Schedule E	Reconciliation Total Supplemental Income and (Loss)	P				P
Schedule E	Taxable Income		P	P
Schedule E-1	Dividends Deduction		P	P
Schedule E-1	Income or Loss from Real Estate and Royalties	P
Schedule E-2	Income or Loss from Partnerships and S Corporations	P
Schedule E-3	Income for Loss from Estates and Trusts	P
Schedule EC	Solar or Wind Energy Credit	P
Schedule EDIP	Refundable Economic Development Incentive Program Credit	P	P	P	P
Schedule EOAC	Economic Opportunity Area Credit	P	P	P	P	P
Schedule F	Income Apportionment		P	P
Schedule FAF	Farming and Fisheries Credit	P			P	P
Schedule FCI	Foreign Corporation Income of U.S. Shareholder	P			P	P
Schedule FE	Report with Respect to Foreign Entities	P	P	P			P
Schedule H	Investment Tax Credit and Carryovers		P	P
Schedule H	Expenses and Fiduciary Compensation					P
Schedule HC	Health Care Information	P
Schedule HM	Harbor Maintenance Credit		P	P
Schedule INC	Form W-2 and 1099 Information	P
Schedule IDD	Income Distribution Deduction					P
Schedule LP	Credit for Removing or Covering Lead Paint on Residential Premises	P			P	P
Schedule M-1	Federal Reconciliation		P	P
Schedule NOL	Net Operating Loss		P	P
Schedule NTS-L-NRPY	No Tax Status and Limited Income Credit	P
Schedule OJC	Income Tax Paid or Other Jurisdictions	P				P
Schedule RC	Research Credit		P	P
Schedule RLSC	Refundable Life Science Credit Life Science Company	P	P	P	P	P
Schedule SC	Septic Credit for Repairing or Replacing a Failed Cesspool or Septic System	P
Schedule SK-1	Shareholder’s Massachusetts Information			P
Schedule TDS	Taxpayer Disclosure Statement	P	P	P	P	P
Schedule TTP	Tax Treaty Positions		P	P
Schedule VP	Vanpool Credit		P	P
Schedule X	Other Income	P
Schedule Y	Other Deductions	P

Modified Forms

• Forms 1, Massachusetts Resident Income Tax Return, and 1-NR/PY, Massachusetts Nonresident/Part-Year Tax Return

  • Lines 23 (Form 1) and 27 (Form 1-NR/PY) – Broke Schedule B income into two tiers: 8.5% and 12%

  • Lines 28 (Form 1) and 32 (Form 1-NR/PY) – Added for 4% surtax

  • Lines 45 (Form 1) and 49 (Form 1-NR/PY) – Removed Child Under Age 13 Credit and combined it with the new Child and Family Tax Credit on line 46 (50)

• Form 2, Fiduciary Income Tax Return — Added line 41b, “4% Surtax”

• Form MA NRCR, Nonresident Composite Return

  • Line 9 – Changed to “8.5% income and tax from Schedule B”

  • Line 10 – Changed to “12% income and tax from Schedule B”

• Schedule B (Form 2), Interest, Dividends and Certain Capital Gains and Losses

  • Line 7b – Added for nonresident estates or trusts only

  • Line 12b – Removed

  • Line 15b – Added for nonresident estates or trusts only

• Schedule SC, Septic Credit for Repairing or Replacing a Fail Cesspool or Septic System

  • Line 6 – Increased maximum credit from $6,000 à $18,000

  • Line 7 – Increased percentage of allowable septic system expenditures from 40% à 60%

  • Line 8 – Increased maximum credit from $1,500 à $4,000

• Schedule Y, Other Deductions

  • Line 9c – Reinstated the “Charitable contributions deduction”

  • Line 18b – Added for “Student loan repayment assistance deduction”

New Credits

• Disability Hire Tax Credit

• National Guard Hiring Tax Credit

• Wind Power Incentive Investment Credit

• Wind Power Incentive Jobs Credit

Obsolete Forms

• Form 355U, Excise for Taxpayers Subject to Combined Reporting (and related forms)

• Form MA PC, Non-Profit Organizations/Public Charities

Tax Law Changes

• A 4% surtax on taxable income over $1 million has been added for Form 1, 1-NR/PY, 2, M-990T-62, and 3M filers.

• The Brownfields Tax Credit has been extended for five years.

• Individual income tax

  • Child and Family Tax Credit – Eliminated the two-dependent cap and increased the credit from $180 à $310 per dependent child, disable adult, or senior

  • Deductible Commuter Transit Benefits – Added public transit fares, RTA fares, and bicycle expenses

  • Earned Income Tax Credit – Increased from 30% à 40% of federal EIC

  • Rental Deduction – Increased cap from $3,000 à $4,000

  • Senior Circuit Breaker Tax Credit – Increased from $1,200 à $2,590

  • Student Loan Repayment Assistance – Exempted from taxable income

  • Changed the tax rate on short-term gains to 8.5%

• The Lead Paint Abatement Credit has been increased to $3,000 for full abatements and $1,000 for partial abatements.