Source: http://www.mass.gov/dor/businesses/help-and-resources/legal-library/regulations/62b-00-withholding-and-estimated-taxes/830-cmr-62b-2-2.html
Timestamp: 2017-11-21 04:37:58
Document Index: 378259171

Matched Legal Cases: ['§ 4', '§ 4', '§ 4', '§ 4', '§ 17', '§ 17']

1. Statement of Purpose, Applicable Tax Years, Outline of Topics
3. Pass-Through Entities Required to Withhold; Members Subject to Withholding
4. Income Subject to Withholding; Quarterly Payment
5. Tiered Structures
6. Credit for Tax Paid; Members' Estimated Payment Obligation
8. Annual Schedule, Withholding Registration, Payment, Reporting
(3) Pass-Through Entities Required to Withhold; Members Subject to Withholding.
(4) Income Subject to Withholding; Quarterly Payment.
1. if the member is an individual, estate, or trust, the tax rate imposed on Part B taxable income under M.G.L. c. 62, § 4(b); or
2. if the member is a corporation, the applicable rate under M.G.L. c. 63; or
3. if a lower-tier pass-through entity is withholding directly as to the members of an upper-tier pass-through entity as permitted under 830 CMR 62B.2.2(5), the rate imposed on Part B taxable income under M.G.L. c. 62, § 4(b) for taxpayers that are taxable under c. 62 or the appropriate rate under M.G.L. c. 63, for taxpayers that are taxable under c. 63, as the case may be; or
4. if the member is a pass-through entity, the tax rate on individuals imposed on Part B taxable income under M.G.L. c. 62, § 4(b); or
5. if no exemption certificate has been filed and the entity has no information about the member, the entity should withhold at the personal income tax rate imposed on Part B taxable income under M.G.L. c. 62, § 4(b).
(5) Tiered Structures.
(6) Credit for Tax Paid; Members' Estimated Payment Obligation.
(7) Joint and Several Liability. A pass-through entity required to withhold, shall be jointly and severally liable with each member subject to withholding for taxes, together with related interest and penalties, imposed on the member by Massachusetts with respect to the income of the pass-through entity. A pass-through entity that reasonably relies, in good faith, on an exemption certificate presented by a member pursuant to 830 CMR 62B.2.2(3)(c) shall not be liable for failure to withhold. Notwithstanding the stated exception, joint liability will exist in any instance in which the member directly or indirectly owns more than a 50% interest in the pass-through entity.
(8) Withholding Registration, Payment, Reporting. A pass-through entity that is not exempt under 830 CMR 62B.2.2(3)(b) shall withhold with respect to members, other than those that are exempt from withholding pursuant to 830 CMR 62B.2.2(3)(c), that have been allocated Massachusetts taxable amounts of distributive share during the taxable year, using electronic media and the format designated by the Commissioner. If withholding is required for any member, a pass-through entity shall:
(9) Penalties. Any pass-through entity required to withhold that fails to meet its withholding obligation shall be subject to all applicable penalties for failure to adequately withhold under M.G.L. c. 62B and M.G.L. c. 62C. A pass-through entity that has not properly allocated distributive share to its members, as required for partnerships and entities treated as partnerships under M.G.L. c. 62, § 17, as required for S corporations under M.G.L. c. 62, § 17A, or as required under other applicable authority, may be liable for additional penalties.