Mississippi General information

Transcription

1 MSGen Mississippi General information Return Information MSGen (08) MS County of residence Authorize discussion with tax department Married filing status (Force) Legally separated on last day of year Change filing status (Force) Standard or itemized deduction (Force) Request installment agreement General footnote Consumer Use Tax 8 Use tax 9 Contributions Military Family Relief Fund Commission for Volunteer Service Fund Wildlife Heritage Fund Educational Trust Fund Wildlife Fisheries and Parks Foundation Bicentennial Celebration Fund Burn Care Fund 0 8,,0 08 INDIVIDUAL

2 MSEst Mississippi Estimates Overpayment Application MSEst (08) MS Application of 08 overpayment Amount for code or 8 Do not calculate estimates for code or 8 Estimates - Calculated Enter 08 state estimates on federal Screen St Pmt. Adjust instruction printing for code on federal Screen Est. Estimates - declaration for 09 Withholding adjustment Amount for code Amounts for code or 9: st payment nd payment 8 rd payment 9 th payment 0 Amounts for 09 estimates paid: st payment nd payment rd payment th payment Amounts for code : Taxpayer taxable income taxable income Tax Credits 8 Tax projection options for code 8 Amount of refund desired 0 Do not proforma 09 declaration code, use code or code for 00 estimates Number of 09 vouchers desired Amount to round up each estimate Treat th quarter estimate as due on //9 9 8,,0 08 INDIVIDUAL

3 MSAmend Mississippi Amended Return Payments and Explanation MSAmend (08) MS Transfer original information Amount paid with original return Refund on original return Explanation of changes Do not recalculate estimated tax payments Form 80-0 Estimates Recalculated st payment nd payment rd payment th payment Overpayment applied to 09 estimated tax Originally calculated ,,0 08 INDIVIDUAL

4 MSSTCr Mississippi Credit for Taxes Paid to Other States State Income and Tax Information MSSTCr (08) MS State postal code/name Tax paid to other state State adjusted gross income Deductions Exemptions Calculated Force 8,,0 08 INDIVIDUAL

5 MSPRR Mississippi Preparer Review MSPRR (08) MS Wages Business income or loss Capital gain or loss Rents and royalties Farm income or loss Interest Dividends Alimony Taxable pensions and annuities Unemployment Other income or loss Income Taxpayer Adjustments Payments to IRA Payments to KEOGH or SEP plan Penalty on early withdrawal of savings Alimony Moving expenses National Guard or Reserve pay College Tuition and Savings (MPACT and MACS) Self employed health insurance Health savings account Catastrophe savings account Self-employment tax deduction First-time home buyers savings account deduction Agricultural disaster program compensation deduction Taxpayer Itemized or standard deduction Exemptions Deductions Taxpayer 8 Tax, Payments, Credits, and Contributions Tax Use tax Other taxes Income tax withheld Estimates Other payments Credit tax paid to other state Other credits Voluntary contributions 9 0 8,,0 08 INDIVIDUAL

6 MSCr Tax Credits Mississippi Credits Other Credits MSCr (08) MS Code Child Adoption credit - adoptee social security number(s): Code Historic Structure Rehabilitation credit refund request Code or Charitable Contribution or Foster Care credits - name of charitable organization 8,,0 08 INDIVIDUAL

7 MSK Mississippi Schedule K-, Partnership and S Corporation EIN Name of entity General Information Unit T, S, J State MSK (08) MS Type of entity Qualifies for Section 0 exclusion Exclude Schedule K- pass-through sales from Form 9 9 Income Schedule E page (Excluding UPE section 9 expense) Guaranteed payments Auto and home office expenses Short term capital gain or loss Long term capital gain or loss Section gains Form 9 - Ordinary gains and losses Section 0 gain (Qualified small business stock) Form 8 long-term loss trade/business Form 8 long-term loss income producing Form 8 long-term gain Form 8 short-term loss income producing UPE section 9 expense Federal Everywhere InState ,,0 08 INDIVIDUAL

8 MSKT EIN Name of entity Mississippi Schedule K-, Estates and Trusts General Information Unit T, S, J State MSKT (08) MS8 Passive activity code Income Federal Income or loss from trade, business, rental, etc. Short term capital gain or loss Long term capital gain or loss Net Section gain (loss) Section 0 gain subject to 0% exclusion Section 0 gain subject to 0% exclusion Everywhere InState 8,,0 08 INDIVIDUAL

9 MSKSale Description Mississippi Section 9 Information MSKSale (08) State General Information NOTE: Only enter dispositions that were separately reported on a Schedule K- (Form 0 or 0S) on this screen. Enter other dispositions via the Asset tab for detailed asset data entry or Screen Sale if summary asset data entry is used. Unit Form T, S, J MS9 Treatment (A code should be manually entered for all assets) Section 0 property Disposition due to casualty or theft (Part III assets only: used to determine gains to carry to Form 8, Section B) Sale to related party Delete on next year's proforma State does not conform to section 9 QRP treatment Section 9 Sale Information Date acquired Date sold Gross sales price or insurance proceeds received Cost or other basis Commissions and other expenses of sale Depreciation allowed or allowable excluding Section 9 Total Section 9 expense deduction passed through Section 9 carryover Installment Sale Information Sale is a prior year installment sale Prior year installment from like-kind exchange (Section (f)()) Prior year gross profit percentage (Force) (xxx.xxxx) Mortgage and other debts the buyer assumed Total current year payments received Prior year payments received Income recapture from Form 9 Beginning of year, remaining gross profit (Used for passive loss and AMT adjustment) Related Party Installment Sale Information Related party name Address City, state, zip code Identifying number Was the property sold a marketable security Date of second sale Special condition if applicable Explanation if no tax avoidance purpose Selling price of property sold by related party Casualty occurrence description Fair market value before loss Fair market value after loss Property type Casualty or Theft Information 8,,0 08 INDIVIDUAL

10 MSCr- Mississippi Reforestation Credit MSCr- (08) MS0 Reforestation Tax Credit County code Reforestation tax credit - cost worksheet Total expenditures for the year 08 Amount of Reforestation tax credit carryover Pass-through amounts from other entities Election for qualifying expenditures on lands eligible for credit on 00: Investment tax credit Reforestation amortization Total Reforestation tax credit utilized in prior years 8 Taxpayer Certification of Forester Forester qualifications: Graduate of a college, school or university accredited by SAF Registered forester under the Foresters Registration Law of 9 Reforestation practices: Site preparation Planting by hand or machine and/or seeding Cost of seedlings Post-planting site preparation practices Taxpayer: Title Business address 0 Identifying number Signature date : Title Business address Identifying number Signature date Taxpayer ,,0 08 INDIVIDUAL

11 MSBank Mississippi Direct Deposit, Electronic Funds Withdrawal Direct Deposit and Electronic Funds Withdrawal Mississippi direct deposit and electronic funds withdrawal is available only when filing electronically Suppress direct deposit of refund Use Refund Advantage/EPS Financial for refund deposit Enable electronic funds withdrawal for a balance due return Date of withdrawal MSBank (08) MS Account Information Enter account information for Mississippi direct deposit. Primary account information transfers from federal Screen Bank. Routing transit number Name of financial institution Depositor account number Type of account (If IRA, deposit only, where state allows) Non-US financial institution (International ACH transaction) 8 9 8,,0 08 INDIVIDUAL

12 MSNRPY Mississippi Part-year Resident and Nonresident Data General Information MSNRPY (08) MS Part-year residency dates: From To 8,,0 08 INDIVIDUAL

13 MSPen Mississippi Penalties and Interest General Information MSPen (08) MS Date return filed Suppress penalties on return: Underpayment of estimated tax Late filing interest Failure to pay Failure to file Underpayment of Estimated Tax 0 tax 0 credits No Mississippi return was filed in 0 Filing requirements met after due date explanation Waiver of Underpayment Penalty Explanation of waiver request Amount ,,0 08 INDIVIDUAL

14 MSAdj Mississippi Income and Adjustments MSAdj (08) Other Income and Adjustments Enter contributions to college savings plans on federal Screen 099Q. Enter code or in the State use field. Enter interest and dividend income on federal Screen B&D, federal Screen K-, federal Screen KT and federal Screen K-St. MS Full Year Taxpayer/Joint Depletion excess of basis (Force) Other income MACS (Force) Other adjustments NOL C/O (Force) Txbl pension/ira adjustment Publicly traded partnership adjustment Prior year at-risk adjustment At-risk adjustment Passive activity limitation adjustment IRA contribution (Force) National Guard or Reserve pay exclusion (Force) Federal cancelled debt Full Year PY/NR Taxpayer/Joint PY/NR Adjustments to Capital Gains and Losses Subtractions: Excludable gain or loss (Force) Capital gain 9 (Force) MS capital loss CO (Force) Sec stock loss (Force) Additions: Federal capital loss CO (Force) Capital gain 9 (Force) Other adjustments Tax attributes (Force) Full Year Taxpayer/Joint Full Year PY/NR Taxpayer/Joint PY/NR Itemized Deductions Medical expenses (Force) State income tax (Force) Casualty and theft losses from Line of federal Sch A (Force) Other miscellaneous deductions; include non-ms gambling losses and expenses (Force) Excludable gambling losses from Mississippi gaming establishments (Force) 8 8,,0 08 INDIVIDUAL

15 MSAdj- Mississippi Other Adjustments Catastrophe Savings Tax MSAdj- (08) MS Current year savings account contribution Excess contributions: Prior year(s) savings account contributions Insurance deductible Self-insured Value of legal residence Distributions: Amount of distribution Qualified catastrophe expense Exceptions to tax: Taxpayer no longer owns legal residence Taxpayer was age 0 on or after date of distribution Taxpayer/Joint First Time Home Buyer Savings Tax Current year savings account contribution Distributions: Amount of distribution Qualified eligible costs Exceptions to penalty: Taxpayer's death or disability Taxpayer's bankruptcy Taxpayer's transfer to other qualified beneficiary 9 0 Taxpayer/Joint Other deductions Agricultural disaster program compensation deduction Taxpayer/Joint 8,,0 08 INDIVIDUAL

16 MSYr Wages Business income or loss Capital gain or loss Rents and royalties Farm income or loss Interest Dividends Alimony Taxable pensions and annuities Unemployment Other income or loss (Including depreciation adjustment) Mississippi Two Year Comparison Income Enter amounts from 0 Form 80-0 Taxpayer MSYr (08) MS Payments to IRA Payments to KEOGH or SEP plan Penalty on early withdrawal of savings Alimony Moving expenses National Guard or Reserve pay College Tuition and Savings (MPACT and MACS) Self employed health insurance Health savings account Catastrophe savings account Self-employment tax deduction Adjustments Taxpayer Itemized or standard deduction Exemptions Deductions Taxpayer 8 Tax, Credits, and Payments Tax Use tax Other taxes Income tax withheld Estimates Other payments Credit tax paid to other state Other credits Voluntary contributions Interest and penalties ,,0 08 INDIVIDUAL

17 MSTPW Mississippi Tax Projection General Information 09 items that will not default to 08 amounts are marked with an asterisk (*) Print Tax Projection Worksheet Filing status Married filing status (Force) Dependent exemptions MSTPW (08) MS8 Wages Business income or loss Capital gain or loss * Rent and royalties Farm income or loss Interest Dividends Alimony Taxable pensions and annuities Unemployment * Other income or loss * (Including depreciation adjustment) Income Taxpayer Adjustments Payments to IRA Payments to KEOGH or SEP plan Penalty on early withdrawal of savings Alimony Moving expenses * National Guard or Reserve pay College Tuition and Savings (MPACT and MACS) Self employed health insurance Health savings account Catastrophe savings account Self-employment tax deduction * First-time home buyers savings account deduction * Agricultural disaster program compensation deduction * Taxpayer Itemized or standard deduction Exemptions Tax (Force)* Use tax * Other taxes * Income tax withheld Estimates (Force)* Other payments * Credit tax paid to other state * Other credits Deductions Tax, Credits, and Payments Taxpayer ,,0 08 INDIVIDUAL

18 MSCO Mississippi Section Carryover Losses General Information Enter carryovers as positive numbers. All fields default to federal amounts. Prior carryover year: Federal Mississippi MSCO (08) MS9 8,,0 08 INDIVIDUAL

19 MSInstPY Description Mississippi Prior Year Installment Sale General Information Unit Form T, S, J State MSInstPY (08) MS0 Treatment (A code should be manually entered for all assets not in the asset module) Section 0 property Installment sale from like-kind exchange (Section (f)()) Installment sale of home Sale of auto asset Delete on 09 proforma State does not conform to section 9 QRP treatment Date acquired Date sold Gross sales price or insurance proceeds received Mortgage and other debts the buyer assumed Cost or other basis Depreciation allowed or allowable Commissions and other expenses of sale Income recapture from Form 9 Section exclusion from sale of main home Alternative minimum tax gain or loss adjustment Gross Profit and Contract Price Installment Sale Income Prior year gross profit percentage (Force) (xxx.xxxx) Total 08 payments received Prior year payments received Balance of unrecaptured Section 0 gain to be taxed Total ordinary income to recapture (Section, or property only) Ordinary income previously recaptured Beginning of year, remaining gross profit (Used for passive loss and AMT adjustment) Related Party Installment Sale Information Related party name Address City, state, zip code Identifying number Was the property sold a marketable security Enter date of second sale if more than years after the first sale Special condition if applicable Explanation if no tax avoidance purpose Selling price of property sold by related party ,,0 08 INDIVIDUAL

20 MS Mississippi Installment Agreement Request General Information MS (08) MS Financial institution information: (Defaults to information from federal Screen 9) Name Address City, state, zip code Employer information: (Defaults to information from federal Screen 9) Name Address City, state, zip code Amount of payment included with return Amount to be paid monthly (Required for calculation) ,,0 08 INDIVIDUAL

21 MSKWH EIN Pass-through entity name Mississippi Schedule K- Withholding Information MSKWH (08) Unit T, S, J State MS Pass-through Entity Information Address City, state, zip code Income subject to state withholding State withholding amount ,,0 08 INDIVIDUAL

22 MSKTWH EIN Pass-through entity name Mississippi Schedule K-T Withholding Information MSKTWH (08) Unit T, S, J State MS Pass-through Entity Information Address City, state, zip code Income subject to state withholding State backup withholding amount ,,0 08 INDIVIDUAL

23 MS099C FIN Creditor's or Lender's name Mississippi Cancellation of Debt, Abandonment 099-C Facsimile Canceled debt income is calculated from data entered on federal Screen 099C. Use this screen to enter depreciation differences. Date of identifiable event (Box ) Amount of debt discharged (Box ) Interest if included in box (Box ) Deductible Debt description (Box ) Check here if the debtor was personally liable for repayment of debt (Box ) Identifiable event code (Box ) Fair market value of property (Box ) Account number 9 0 Unit Form T, S, J State 8 MS099C (08) MS 099-A Facsimile Date of lender's acquisition or knowledge of abandonment (Box ) Balance of principal outstanding (Box ) Fair market value of property (Box ) Check here if the borrower was personally liable for repayment of the debt (Box ) Description of property (Box ) Account number Abandoned, Foreclosed, Repossessed Property Treatment Section 0 property Additional section 0 depreciation after 9 Applicable percentage (Defaults to 00%) (xxx.xx) Business use percentage of property (Defaults to 00% if business form/schedule selected) Property in asset module, do not report Source Data Entry data Date acquired Date property abandoned, repossessed, or disposed Outstanding debt before transfer of property (If not reported on Box of 099-A) Proceeds received from foreclosure sale Basis of transferred property Depreciation allowed or allowable Alternative minimum tax gain/loss adjustment ,,0 08 INDIVIDUAL

24 MSExt Mississippi Extension Extension Information MSExt (08) MS Calculate extension Extended due date Extension payment actually made; reportable on main return Balance due on extension (Force) Additional payment Date Paid Amount 8,,0 08 INDIVIDUAL

25 MSPOA Mississippi Power of Attorney General Information MSPOA (08) MS8 Taxpayer, spouse, or joint Taxpayer telephone number, fax number telephone number, fax number NOT revoking prior power(s) of attorney 8 Representative/Appointee Information Data transfers from federal Screen POA. Only the first representatives in this statement will be used on Form -00. Enter Tax Matters Information to generate the state Power of Attorney. Representative or appointee information Description of other representative Tax Matters Information Type of Tax Account Number Tax Period(s) Authorized acts: Additions Deletions 8,,0 08 INDIVIDUAL

26 MSELF Mississippi Electronic Filing MSELF (08) Electronic Filing Information Consent to disclose information: By using a computer system and software to prepare and transmit my client's return electronically, I consent to the disclosure of all information pertaining to my use of the system and software to create my client's return and to the electronic transmission of my client's tax return to the Mississippi Department Revenue, as applicable by law. MS9 Suppress Mississippi electronic file when filing federal return electronically Form 80- has already been signed and returned Signature date (If different from federal) signature date (If different from taxpayer signature date or federal signature date) ERO signature date (If different from taxpayer signature date or federal ERO signature date) 8,,0 08 INDIVIDUAL

27 MSOthWH Mississippi Miscellaneous and Other Withholding MSOthWH (08) Unit Income Description Form T, S, J Income and Withholding Information Enter state withholding in federal screens. Additional entries on this screen are used for the -D barcode and electronic filing. Not eligible for electronic file Alternate Form code Payer EIN Name Address City, state, zip code Foreign country code and name Foreign province or county Foreign postal code Telephone number Account number Corrected Void Federal income and withholding 9 0 State Income Withholding State ID Number First state income and withholding Second state income and withholding 8 Facsimile Data - 099M, 099G, 099DIV, 099INT, and 099OID Facsimile Variable Value Variable 9 0 Variable Variable Variable Variable 8 Variable 9 0 Variable Variable 8 Variable 9 Variable 0 8 Variable 9 0 Variable Variable Variable Variable Variable Variable Variable 8 Variable 9 Miscellaneous information: Tax year from Form 099-G Foreign country and tax 8 9 Form 099-OID box MS ,,0 08 INDIVIDUAL

28 MSSale Description Treatment (A code should be entered for all assets not in the asset module) Mississippi Sale of Business Assets General Information Section 0 property Sale of auto asset Gross proceeds reported on Form 099-S or 099-B (Form 9, line ) 099-S property in asset detail, do not report Source Data Entry data Disposition due to casualty or theft (Part III assets only: used to determine gains to carry to Form 8, Section B) Postponed gain due to casualty or theft Sale to related party State use State does not conform to section 9 QRP treatment Unit Form T, S, J State MSSale (08) 8 9 MS Sale Information Date acquired Date sold Gross sales price or insurance proceeds received Cost or other basis Commissions and other expenses of sale Depreciation allowed or allowable Depreciation Recapture 0 (a) Additional depreciation after 9 0 (b) Applicable percentage (If less than 00%) (xxx.xx) 0 (d) Additional depreciation after 99 (a) Soil, water and land clearing expenses (b) Applicable percentage (If less than 00%) (xxx.xx) 8(a) Intangible drilling and development costs 9(a) Applicable payments excluded from income under Section Current Year Installment Sale Mortgage and other debts the buyer assumed Total 08 payments received Related Party Installment Sale Information Related party name 8 Address 9 City, state, zip code Identifying number Was the property sold a marketable security Date of second sale Special condition if applicable Explanation if no tax avoidance purpose Selling price of property sold by related party 0 8 8,,0 08 INDIVIDUAL