INSTRUCTIONS: MISSISSIPPI CORPORATE INCOME AND FRANCHISE TAX RETURN (Form 83-105)
Corporations doing business in Mississippi can use a form 83-105 to file and pay their state income and franchise tax owed. This document is found on the website of the Mississippi Department of Revenue.
Mississippi Corporate Income And Franchise Tax Return 83-105 Step 1: If you are not filing on a calendar year basis, enter the beginning and ending dates of your tax year.
Mississippi Corporate Income And Franchise Tax Return 83-105 Step 2: Enter your federal employer identification number and your Missouri Secretary of State identification number.
Mississippi Corporate Income And Franchise Tax Return 83-105 Step 3: Enter your legal name and your trade (DBA) name and your address, as well as your county and NAICS code.
Mississippi Corporate Income And Franchise Tax Return 83-105 Step 4: Indicate with a check mark if you are filing an amended or final return, as well as if you are a 100% in-state business or are using either multistate apportioning or direct accounting methods.
Mississippi Corporate Income And Franchise Tax Return 83-105 Step 5: Enter your taxable capital on line 1, your franchise tax due on line 2 and your franchise tax credit on line 3. Subtract line 3 from line 2 to determine your net franchise tax due on line 4.
Mississippi Corporate Income And Franchise Tax Return 83-105 Step 6: Lines 5 through 8 concern computation of your income tax due. Indicate with a check mark
Mississippi Corporate Income And Franchise Tax Return 83-105 Step 7: Lines 9 through 21 concern final calculations of your tax or refund owed, including any penalty and interest due if filing late.
Mississippi Corporate Income And Franchise Tax Return 83-105 Step 8: Part I on the second page asks if you are a publicly traded corporation, if this is your final return and if you have been sold or merged. Provide all information requested.
Mississippi Corporate Income And Franchise Tax Return 83-105 Step 9: In Part II, give the name, title, address, Social Security number and ownership percentage of all corporate officers.
Mississippi Corporate Income And Franchise Tax Return 83-105 Step 10: In Part III, give the name, federal employer identification number, address and entity type of all entities owned by or affiliated with your corporation. An officer should sign and date the bottom of the second page.
