Schedule CIR: Consolidated Return Income Reconciliation (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Schedule CIR reconciles income for corporations included in a U.S. consolidated return. It lists each member’s separate U.S. net income, Massachusetts return filing information, income excluded from combined reports, and income allocated or apportioned to Massachuse
What you'll need
Have the following information ready for the 2024 Schedule CIR:
- Corporation name and federal identification number. If filing Form 355U, use the principal reporting corporation’s name.
- Parent corporation’s name, if different, and federal identification number.
- Number of corporations included in the U.S. consolidated return.
- Total assets from U.S. Schedule L, line 15.
- For each listed corporation: name, federal identification number, entity type, separate corporation U.S. net income, whether it files a Massachusetts return, and the type of Massachusetts return filed.
- Each member’s income excluded from combined reports, non-unitary income allocated to Massachusetts, and share of combined income apportioned to Massachusetts.
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 filers to TIRs 16-9 and 21-9.
Common mistakes
- Do not submit a paper return. The form warns that electronic filing is required and paper returns will not be accepted.
Questions people ask
What tax period does this Schedule CIR cover?
It is the 2024 version, for calendar year 2024 or a taxable period beginning in 2024. The form provides spaces for the taxable period’s beginning and ending dates.
Whose name should I enter if filing Form 355U?
Enter the name of the principal reporting corporation in the corporation name field.
Where do I find the total assets figure?
The form specifies U.S. Schedule L, line 15.
Do I need to identify the parent corporation?
The form asks for the parent corporation’s name if it differs from the corporation named above, along with its federal identification number.