Tax News

CCH (cch.taxgroup.com) reports:

  For Massachusetts corporate excise tax purposes, pass-through entities subject to pass-through entity withholding are not required to withhold on members who submit certification, on a form approved by the Commissioner of Revenue, that the member is exempt from withholding. The new date by which members must file their Forms PTE-EX with the pass-through entity is the later of the last day of the fourth month of the entity's taxable year, or within 30 days of the member joining the entity. The due date for this exemption certificate, Form PTE-EX, previously was set as the last day of the first month of the entity's taxable year, or within 30 days of the member joining the entity. This requirement has been changed to allow more time for pass-through entities to comply. Additionally, the Commissioner no longer will require that a new Form PTE-EX be filed annually. Taxpayers who already have signed Form PTE-EX, but who wish to use the Form PTE-EX certification for future years should sign the revised Form PTE-EX. The previous version of Form PTE-EX is valid for the tax year beginning on or after January 1, 2009, but must be renewed, using the revised version, for the next tax year.

Rulings and Regulations , Massachusetts Department of Revenue, December 17, 2008