How do I generate Massachusetts Form 63D-ELT and M-63D-EXT in an 1120S return using interview forms in CCH® ProSystem fx® Tax?

  • Article Type:
  • How To
  • Last Modified:
  • 11/05/2022

Objectives

To describe the new return type for the pass-through entity tax election - the main form for which is the 63D-ELT. The extension form is the M-63D-EXT. Neither of these forms have been added to the software with releases 2021-2.7 /2021.02070 and prior.

Environment

  • CCH ProSystem fx Tax
  • 1120S
  • Interview
  • Massachusetts
  • Electronic filing
  • Form 63D-ELT
  • Form M-63D-EXT

Procedure

Electronic filing is required for both the 63D-ELT (main form) and M-63D-EXT (extension), and payment is required with the filing of the extension at the time the extension is filed.

M-63D-EXT

  • Available with release 2021.02071, February 27th, 2022.
  • Direct debit is available for the M-63D-EXT.
The following Input prepares M-63D-EXT and populates the extension payment amount:
  1. Go to Interview Form EXT-2.
  2. In Box 30 - State, select MA.
  3. In Box 33 - Special Code, input either of the following:
    • 1 - This will generate both MA 355-7004 and Form M-63D-EXT.
    • 4 - This will generate Form M-63D-EXT.
  4. Go to Massachusetts > MA29 - Passthrough Entity Members' Information.
  5. In Box 100 - Entity Level Tax Extension - Tentative tax - override, input an applicable amount.
  6. Calculate the return.

Note

  • During efile export of Extensions, the 63D-EXT will have it's own row titled "Massachusetts Pass-Through Entity Extension."
  • Electronic filing is required for both the 63D-ELT (main form) and M-63D-EXT (extension), and payment is required with the filing of the extension at the time the extension is filed.
  • The regulations set forth in TIR 16-10 apply here as well - the extension is automatic if 80% of the tax has been paid by the original due date. If a payment is needed to extend, the payment is required with the filing of the extension at the time the extension is filed. You will not be able to export a zero balance due M-63D-EXT as it would result in a rejection.

The following information is as of February 28, 2022 for partnership system and may CHANGE with 1120S system:

MA 63D-ELT

  • Projected for release 2021.03010, available March 20th, 2022. However this may change due to mid-week releases.
Once available, the election will be made with the following input:
  1. Go to Massachusetts > Other worksheet.
  2. Expand Section 8 - Entity Level Tax.
  3. Select the checkbox Pass-though entity has elected to pay tax at the entity level (Interview Form MA45, Box 30).
  4. Calculate the return.

    Additional Information

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