Schedule CG: Combined Reporting Allocation Schedule (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Schedule CG is the 2024 Combined Reporting Allocation Schedule. It reports the combined group's total income and non-income tax due, calculates the required annual payment, and lists prior-year overpayments, estimated tax payments, and extension payments for the pri
What you'll need
Have these forms and details available to complete Schedule CG:
- 2024 Form 355U: tax from line 27, pass-through entity withholding from line 33, and refundable credits from line 34.
- Prior-year Form 355U: the combined report's period end date and overpayment.
- Prior-year separate returns for members reporting separate payments: period end dates and overpayments.
- Payment details: first through fourth estimated tax installments and amounts paid with an extension, including payments by the principal reporting corporation and separately by individual members.
- Tax and identification details: total income and non-income tax due for all members; the principal reporting corporation's name, federal identification number, address, contact person, and telephone number; and member names and federal identification numbers.
How to file
File electronically. The form states that paper returns will not be accepted.
For questions about electronic filing, call 617-887-6367. See the Massachusetts Department of Revenue's electronic filing and payment requirements for more information. The form also refers to TIRs 16-9 and 21-9.
Common mistakes
- Submitting a paper return: Schedule CG is e-file only. The form warns that paper returns will not be accepted.
Questions people ask
What tax period does this Schedule CG cover?
This version is for calendar year 2024 or a taxable period beginning in 2024. The form provides fields for the taxable period's beginning and ending dates.
How do I calculate the balance in Part 2?
Enter the 2024 tax from Form 355U, line 27, on line 1. Enter 90% of that amount on line 2. Subtract pass-through entity withholding from Form 355U, line 33, and refundable credits from Form 355U, line 34. Enter the result on line 5, but not less than zero.
Where do I report payments made by the principal reporting corporation?
Use Part 3 to report the prior-year Form 355U overpayment, the four estimated tax installments, and the extension payment made by the principal reporting corporation. Part 3 also asks for the prior-year combined report's period end date.
Where do I report payments made separately by individual members?
Use Part 4. It provides entries for each member's name, federal identification number, prior-year separate return period end date, prior-year overpayment, four estimated tax installments, and amount paid with an extension.