Instructions for Form 1120ME Maine Corporate Income Tax Return - Maine

Form 1120ME Schedule NOL Schedule for Calculating Net Operating Loss (Nol) Recapture Subtraction Modification - Maine

This document contains official instructions for Form 1120ME , Maine Corporate Income Tax Return - a form released and collected by the Maine Revenue Services. An up-to-date fillable Form 1120ME Schedule NOL is available for download through this link.

FAQ

Q: What is Form 1120ME?
A: Form 1120ME is the Maine Corporate Income Tax Return for businesses operating in Maine.

Q: Who needs to file Form 1120ME?
A: Corporations and other business entities that are subject to Maine's corporate income tax need to file Form 1120ME.

Q: What information is required to fill out Form 1120ME?
A: Some of the information required includes the corporation's federal identification number, income and deductions, apportionment factors, and tax liability.

Q: When is the deadline to file Form 1120ME?
A: Form 1120ME is due by the 15th day of the 3rd month following the end of the corporation's taxable year.

Q: Are there any penalties for late filing?
A: Yes, there are penalties for late filing, including a minimum penalty of $25 per month or part of a month that the return is late.