Schedule U-TM: Tax By Member (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Schedule U-TM, Tax By Member, reports each member’s federal identification number, tax type, income measure, non-income measure, other excise, credits, and net excise for 2024. It also identifies the principal reporting corporation and totals the reported amounts.
What you'll need
The form asks for the following information:
- Principal reporting corporation’s name and federal identification number.
- Each member’s federal identification number and tax type.
- Each member’s income measure, non-income measure, other excise, credits, and net excise.
- Totals for the tax and credit columns.
The form does not identify specific documents to attach.
How to file
File Schedule U-TM electronically. Paper returns will not be accepted.
For questions about electronic filing, call 617-887-6367. The form also points to the Massachusetts Department of Revenue’s electronic filing and payment requirements and TIRs 16-9 and 21-9.
Common mistakes
- Do not submit a paper Schedule U-TM. The form warns that electronic filing is required and paper returns will not be accepted.
Questions people ask
What tax period is this version for?
It is for calendar year 2024 or a taxable period beginning in 2024. The form includes spaces for the taxable period’s beginning and ending dates.
Can I file Schedule U-TM on paper?
No. The form is e-file only, and paper returns will not be accepted.
What tax information does the schedule list for each member?
It lists tax type, income measure, non-income measure, other excise, credits, and net excise, along with the member’s federal identification number.
Who can I contact with questions about electronic filing?
Call 617-887-6367, the number printed on the form for electronic filing questions.