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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 1120ME Schedule 1S
for the current year.
Form 1120ME Schedule 1S Income Subtraction Modifications - Maine
What Is Form 1120ME Schedule 1S?
This is a legal form that was released by the Maine Revenue Services - a government authority operating within Maine.The document is a supplement to Form 1120ME, Maine Corporate Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 1120ME?
A: Form 1120ME is a tax form used by businesses in the state of Maine to report their income and calculate their tax liability.
Q: What is Schedule 1S?
A: Schedule 1S is a part of Form 1120ME that is used to report Income Subtraction Modifications.
Q: What are Income Subtraction Modifications?
A: Income Subtraction Modifications are adjustments made to a business's income to determine the taxable amount.
Q: Why are Income Subtraction Modifications necessary?
A: Income Subtraction Modifications are necessary to ensure that businesses only pay tax on their Maine-source income.
Q: What kind of adjustments are included in Income Subtraction Modifications?
A: Income Subtraction Modifications may include deductions for expenses related to Maine business activities and certain tax credits.
Form Details:
- The latest edition provided by the Maine Revenue Services;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 1120ME Schedule 1S by clicking the link below or browse more documents and templates provided by the Maine Revenue Services.
