Form 85 105 99 8 1 000 – Fill Out and Use This PDF

The Form 85-105-99-8-1-000 is a comprehensive document required for S-Corporations in Mississippi to file their income and franchise tax return. Specifically revised for the fiscal year starting in 1999, this form encompasses various sections, including financial details, shareholder information, and tax calculations, to ensure accurate tax reporting and compliance with state regulations. For S-Corporations operating in Mississippi, understanding and completing this form accurately is crucial for meeting legal obligations and avoiding any potential penalties.

To ensure compliance and streamline your filing process, click the button below to fill out your Form 85-105-99-8-1-000 today.

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Form 85 105 99 8 1 000 PDF Details

Navigating the complexities of state tax obligations can be daunting, especially for S-Corporations operating within Mississippi. The Form 85-105-99-8-1-000, a critical document revised in December 1999, serves as the Mississippi S-Corporation Income and Franchise Tax Return, catering specifically to the fiscal year starting in 1999. This form encompasses a comprehensive structure for these entities to report their income and calculate both income and franchise taxes due to the state. It addresses various filing statuses, including options for final, amended, and short year returns, while also facilitating declarations for multistate operations through direct accounting or apportioning methods. Notably, the form queries the S-Corporation's eligibility as a Qualified Subchapter S Subsidiary and prompts for details regarding the parent corporation if applicable. Beyond mere tax calculations, the form requests data on overpayments and estimated tax payments, guiding corporations through the process of rectifying any balance due or claiming refunds. Integral to ensuring accurate and compliant tax reporting, this document also entails a secondary page targeting more nuanced aspects of the S-Corporation's profile, such as business activities, product or service focus, and amendments triggered by federal tax return adjustments. Every section of this form, right down to the list of officers and the declaration of perjury, underscores the meticulous reporting standards imposed by the Mississippi State Tax Commission, making it an indispensable tool for S-Corporations navigating their fiscal responsibilities within the state.

Question	Answer
Form Name	Form 85 105 99 8 1 000
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	85105993 mississippi s corporation income and franchise tax return form

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Form 85-105-99-8-1-000 (Rev. 12/99)	Mississippi
S-Corporation Income and Franchise Tax Return WCA

For Fiscal Year Beginning

1999

and Ending

Page 1

▲	FEIN
▲

Name of Corporation

Mailing Address (PO Box or Street Including Rural Route)

City	State	ZIP + 4	County Code

	FILING STATUS		(See Instructions)
	FILING STATUS

Check All That Apply:

Final Return

(File Form 83-375)

100% Mississippi

Amended Return

Multistate Direct

Accounting

Short Year Return

Multistate Apportioning

Address Change

Composite Return

Date of Election as an S-Corporation:

Number of Shareholders at End of Tax year:

FRANCHISE AND INCOME TAX

1. Taxable Capital (From Form 83-110, Line 17.)

▲

2.Franchise Tax Due (From Form 83-110, Line 20). Minimum tax of $25.

3.Is this S-Corporation a Qualified Subchapter S Subsidiary (QSSS) of another corporation?

	Yes	No	If YES, enter Name and FEIN of the parent	5	▲
			corporation.	5


Name:

FEIN

4.Mississippi Net Taxable Income (If Loss Enter Zero)(From Form 85-122, Line 27.)

5.Total Income Tax (See Instructions)

6.Credits: a. Ad Valorem Tax Credit (From Form 83-401, Schedule A.) b. Other Credits (From Form 83-401, Line H, Schedule B.)

7.Balance of Income Tax Due (Line 5 Minus Line 6a and Line 6b.)

8.Total Franchise and Income Tax Due. (Line 2 Plus Line 7.)

9.Interest & Penalty on Underestimated Income Tax Payments. (Attach Form 83-305)

10.Total of Lines 8 and 9.

Whole Dollars Only

6	▲
22	▲
22	▲
26	▲

	PAYMENTS and TAX DUE
11.	Overpayments from Prior Year.
11.	Overpayments from Prior Year.
12.	Estimated Tax Payments and Payments with Extensions.
13.	Total Payments (Line 11 Plus Line 12.)
14.	If Line 10 is Larger than Line 13, Enter Balance Due. (Line 10 Minus Line 13.)
15.	Late Payments - Interest @ 1% Per Month and Penalty @ 1/2% Per Month.			▲
	(See Instructions)		29	▲
16.	Amount Paid with this Return. (Line 14 plus Line 15)			▲
16.	Attach Payment for Total Due to: State Tax Commission.	AMOUNT PAID	31	▲
17.	If Line 13 is Larger than Line 10, Enter Amount of Overpayment. (Line 13 minus Line 10.)			▲
18.	Amount of Overpayment (Line 17) to be Refunded.	REFUND	33	▲
19.	Amount of Overpayment (Line 17) to be Credited to Next Year.		34	▲

I declare, under the penalties of perjury, that this return (including any accompanying schedules) has been examined by me and to the best of my knowledge and belief is a true, correct, and complete return.

Check To:	State Tax Commission
Mail To:	P.O. Box 23050
	Jackson, MS 39225-3050
	Jackson, MS 39225-3050	Officer's Signature	Date
		Officer's Signature	Date

( )

Officer's Title

Tax Department Phone

Form 85-105-99-8-2-000 (Rev. 12/99)

Mississippi

S-Corporation Income and Franchise Tax Return

1999

S-Corporation Information

Page 2

1. DBA

2. County locations in Mississippi

3.Principal business activity in Mississippi

5.Principal product or service in Mississippi

7.Contact person for this return

9. If amended return, check reason:

Mississippi		Amended Federal Form
correction only		1120S (attach copy)
correction only		1120S (attach copy)

4.Principal business activity everywhere

6.Principal product or service everywhere

8.Contact person's location and phone

( )

Federal RAR

(attach applicable Other: copies)

10. If final return, check reason and enter date effective:

Date

Dissolving Mississippi Corporation

Non-Mississippi Corporation Withdrawing from State

Sold

Merged

S-Status Terminated

Other :

If you checked Sold or Merged, provide the following:

New company or owner's name and address

FEIN

Phone (

Former owner's forwarding address

Phone (

11.Is this corporation a partner in a partnership, LLP or LLC doing business in Mississippi? If Yes, attach MS Forms K-1.

12.Are you a parent of a QSSS? If yes, list on a separate schedule the Name and FEIN of the QSSS(s).

13.Has the corporation filed amended federal returns in the last three years? If Yes, list years

14.Has the IRS made any changes to your taxable income in the last three years? If Yes, list years

15.If Line 13 and/or Line 14 was checked "Yes", has the corporation filed Mississippi amended returns for all years for which amended Federal return(s) were filed or changes to taxable income were made by the IRS?

)

Yes

List of Officers - This schedule MUST be completed

President: Name and Home Address	Social Security Number		Ownership Percentage
			%

		Salary


Vice President: Name and Home Address	Social Security Number		Ownership Percentage
			%

		Salary


Treasurer: Name and Home Address	Social Security Number		Ownership Percentage
			%

		Salary


Secretary: Name and Home Address	Social Security Number		Ownership Percentage
			%

		Salary

Paid Preparer's Signature

Paid Firm's Identification Number or PTIN

Date	Paid Preparer's Address

Paid Preparer's Social Security Number or PTIN		Preparer's Phone
		(	)

Form 85 105 99 8 1 000 – Fill Out and Use This PDF

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