![]() Where the sum of a Massachusetts non-resident’s Part A taxable income, Part B taxable income, and Part C taxable income exceeds $1,000,000, the portion of the non-resident’s income sourced to Massachusetts that exceeds $1,000,000 is taxed at the rates specified in M.G.L. Similar to residents, non-residents may have source income that is Part A taxable income, Part B taxable income and Part C taxable income. ![]() The 4% surtax and its computational rules referenced above also apply to non-residents as well as residents, but non-residents consider only their Massachusetts source income when determining whether their taxable income exceeds $1,000,000 for purposes of computing the 4% surtax. 62, § 5A(a) as it applies to non-residents with respect to the 4% surtax. 62, such as where a taxpayer’s Part B losses attributable to a trade or business can be used to reduce the taxpayer’s Part A or Part C capital gains attributable to the trade or business of a taxpayer, are unaffected. Any pre-existing adjustments or offsets otherwise required or allowed by M.G.L. 62, § 4 does not affect the computation of Part A adjusted gross income, Part B adjusted gross income, or Part C adjusted gross income or Part A taxable income, Part B taxable income, or Part C taxable income. The addition of new paragraph (d) to M.G.L. In determining the sum of Part A taxable income, Part B taxable income, and Part C taxable income in a taxable year, any negative amount or loss in any Part of taxable income cannot be applied to reduce the income of any other Part. New paragraph (d) provides that where the sum of a taxpayer’s Part A taxable income, Part B taxable income, and Part C taxable income exceeds $1,000,000 in a taxable year, the portion of such taxable income exceeding $1,000,000 is taxed at the rates specified in M.G.L. Part A taxable income, Part B taxable income, and Part C taxable income are each subject to the specific tax rates provided by M.G.L. 62, § 3 to produce Part A taxable income, Part B taxable income, and Part C taxable income. Part A adjusted gross income, Part B adjusted gross income, and Part C adjusted gross income are each further adjusted by certain deductions and exemptions in M.G.L. 62, § 2 that apply under each Part to produce Part A adjusted gross income, Part B adjusted gross income, and Part C adjusted gross income. ![]() Part A gross income, Part B gross income, and Part C gross income are each modified by the respective deductions in M.G.L. 62 imposes a tax on a taxpayer’s Massachusetts gross income, which is divided into three parts: Part A gross income, Part B gross income, and Part C gross income.
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