LOA: Loan-Out Affidavit-Allocation (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Form LOA, Loan-Out Affidavit/Allocation, documents payments to a personal service or loan-out company included in a production company’s film credit application. It reports company and actor/performer information, Massachusetts service dates, wages paid, and Massach
Who files this form
Production companies claiming wages paid to personal service or loan-out companies on the Massachusetts Application for Payroll/Production Credit must file Form LOA with that application.
Complete and submit a separate affidavit for each personal service or loan-out company included on the credit application.
What you'll need
Have the following information ready to complete Form LOA:
- Production company name, federal identification number, mailing address, production name, and Massachusetts production start and end dates.
- Loan-out company name, federal identification number, business and mailing addresses, authorized representative’s contact information, Massachusetts work dates, and registration status.
- Each actor’s or performer’s name, Social Security number, residential and mailing addresses, Massachusetts work dates, and DOR registration status. Attach additional sheets if the loan-out provides more than one actor or performer.
- Total wages paid for the production everywhere, qualified wages paid for the production in Massachusetts, Massachusetts withholding tax remitted, service dates, and withholding payment dates.
The affidavit needs original signatures from an authorized production company representative, an authorized loan-out company representative, and the actor or performer. File it with the Massachusetts Application for Payroll/Production Credit.
How to file
- Complete the general information section. Use the first and last dates the production company worked in Massachusetts on this production.
- Have an authorized loan-out company representative complete and sign the loan-out company section.
- Have the actor or performer complete and sign their section.
- Have the production company complete the payments section on page 2. Obtain all required original signatures.
- File the completed affidavit with the Massachusetts Application for Payroll/Production Credit.
Mail to:
Massachusetts Department of Revenue, Audit Division
200 Arlington Street, Room 4300
Chelsea, MA 02150
Attn.: Film Credit Unit
The loan-out company and actor or performer should retain copies of the signed affidavit for their records and to attach to their Massachusetts income tax returns as required.
Common mistakes
- Submitting an incomplete or unsigned affidavit. The form must be completed in full and have original signatures from all three required parties. Failure to submit a fully completed and signed affidavit results in disallowance of the credit related to that loan-out company.
- Leaving out page 2. The form specifically reminds filers to complete it.
- Not filing the affidavit with the credit application. The completed form must accompany the Application for Payroll/Production Credit.
- Overlooking registration requirements. If either loan-out company registration indicator is not filled in, the form says the company must register with the Massachusetts Secretary of State and DOR. If the actor’s or performer’s DOR registration indicator is not filled in, they must register with DOR and file a personal tax return.
- Not retaining signed copies. The loan-out company and actor or performer should keep copies for their records and attach them to their Massachusetts income tax returns as required.
Questions people ask
Can one affidavit cover several loan-out companies?
No. A separate Form LOA must be completed and filed for each personal service or loan-out company included on the credit application.
Who must sign the affidavit?
An authorized representative of the production company, an authorized representative of the loan-out company, and the actor or performer must sign. Original signatures are required.
What if a loan-out company provides more than one actor or performer?
Attach additional sheets for the additional actors or performers.
What is the difference between lines 1 and 2?
Line 1 asks for total wages paid to the loan-out company for the production everywhere. Line 2 asks for qualified wages paid to the loan-out company for the production in Massachusetts.
What dates belong on lines 6 and 7?
Line 6 asks for the range of dates the loan-out company performed services in Massachusetts relating to the wages on line 2. Line 7 asks for the date or dates withholding tax payments were made to Massachusetts.