M-990T-62: Exempt Trust and Unincorporated Association Income Tax Return (2025)
Massachusetts · Massachusetts DOR · Used for tax years 2025
Form M-990T-62 is the 2025 Massachusetts income tax return for exempt trusts and unincorporated associations. It reports unrelated trade or business income, capital gains, deductions, credits, and payments to calculate the refund or balance due.
What you'll need
Have the following forms and information available, as applicable to the lines you complete:
- U.S. Form 990-T, Schedule A: Income and deduction amounts used throughout the return.
- Massachusetts Form 2, Schedules B and D: Interest, dividend income, and capital gain amounts.
- Schedule CRS: Credit recapture for line 27.
- Schedule 4% Surtax: The amount from line 7 for line 29b.
- Schedule CMS: Other credits and refundable credits.
- Forms W-2 and Schedule 62-WH: Massachusetts income tax withheld.
- Payment information: Prior-year overpayments applied to this year, estimated tax payments, and payments made with an extension.
- Original return information, if amending: The original overpayment and payments made with the original return.
The form also asks for the organization's name, EIN, mailing address, exemption section, unrelated business activity codes, and employee counts for Massachusetts and worldwide.
How to file
Complete the return's identification, income, deduction, tax, credit, and payment fields. The declaration includes a signature and date field for the appropriate corporate officer, plus fields for a paid preparer.
Mail the return to:
Massachusetts Department of Revenue
PO Box 7067
Boston, MA 02204
The supplied form does not provide e-filing instructions.
Common mistakes
- Selecting more than one exemption section: The form says to fill in only one IRC exemption section.
- Counting interest or dividends twice: Lines 4 and 6 through 11 say not to include interest or dividend income already included on line 3.
- Combining multiple businesses incorrectly: If the organization has more than one unrelated trade or business, the form says to enter the sum of the positive amounts from all U.S. Form 990-T Schedules A on the relevant lines.
- Counting a prior-year overpayment twice: Do not include the amount on line 37 again in estimated payments on line 38.
- Using amended-return-only fields on an original return: Lines 34 and 41 are marked for amended returns only.
- Missing the collectibles step: If reporting long-term gains on collectibles, fill in the oval and complete the worksheet referenced in the instructions.
Questions people ask
What tax period does this version cover?
The form is for calendar year 2025 or a taxable period whose beginning and ending dates you enter.
Can DOR discuss the return with my paid preparer?
The form includes an oval to fill in if DOR may discuss the return with the paid preparer.
Can an overpayment be credited to next year?
Yes. Enter the amount to credit to next year on line 44. Line 45 calculates the refund by subtracting line 44 from the total overpayment on line 43.
How do I identify an amended or final return?
The form provides separate ovals for an amended return, a federal amendment, an amended return due to an IRS BBA Partnership Audit, and a final return.