Instructions for Schedule DRE Disclosure of Disregarded Entity - Massachusetts

This document contains official instructions for Schedule DRE , Disclosure of Disregarded Entity - a form released and collected by the Massachusetts Department of Revenue.

FAQ

Q: What is Schedule DRE?
A: Schedule DRE is a form used by Massachusetts residents to disclose information about disregarded entities for tax purposes.

Q: What is a disregarded entity?
A: A disregarded entity is a business entity that is separate from its owner for legal purposes but disregarded for tax purposes. It includes single-member limited liability companies (LLCs) and certain other business entities.

Q: Who needs to file Schedule DRE?
A: Massachusetts residents who have a disregarded entity need to file Schedule DRE as part of their state tax return.

Q: What information is required on Schedule DRE?
A: Schedule DRE requires information about the disregarded entity, including its name, federal identification number, filing type, and the owner's information.

Q: When is the deadline to file Schedule DRE?
A: The deadline to file Schedule DRE is typically the same as the deadline for filing the Massachusetts state tax return, which is usually April 15th.

Q: Is there a penalty for not filing Schedule DRE?
A: Failure to file Schedule DRE or providing inaccurate information may result in penalties imposed by the Massachusetts Department of Revenue.