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Screen MSGen - Mississippi Corporate Tax and Pass-Through Entity Returns (1120)

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General Information

County of principal Mississippi location (Out-of-state corporation)
Enter the county of corporation’s principal Mississippi operations for any corporation whose overall principal business activity is not within a Mississippi county, and has entered code
83
 in the
County of principal business location
 field. If a corporation has entered Out-of-state as its overall principal business location, and leaves this field blank, no county of Mississippi principal business will be listed on Form 83-105/84-105, Page 2, Part 1.
Initial return, if different from the federal 1120 Screen
Enter
X
 to indicate that this is an initial Mississippi return. If this field is blank, the application defaults to the
Initial return
field in the federal 1120 Screen. While the franchise tax is generally pro-rated for short year returns, it is not pro-rated for initial returns.
Reason for final return
If this is a final return, enter the reason in the statement. If this field is left blank when
Final
return
 is marked on federal Screen 1120,
Dissolved
 is used as the explanation on Form 83-105 or Form 84-105, Page 2, Part 1.
Provided the corporation has met all the Secretary of State’s requirements and has been properly dissolved or withdrawn by the end of the final tax period, there is no franchise tax due on the final return, since the franchise tax is due in advance for the privilege of doing business in MS in the coming year.
note
Returns marked as final in the previous year will not proforma to the current year. If the federal return is marked as final, the client will not appear in the list of clients that are available to proforma.

Additional Information (C Corp)

Entities owned and affiliated with the corporation
Enter the name, Employer Identification Number, address, and entity type of all entities that are owned by and affiliated with this corporation in the statement. This information completes Form 83-105, Part III.
note
For combined returns, each subsidiary member attached to the return is automatically included when completing Form 83-105, Part III. Only affiliated members that are not part of the combined return should be entered in this statement.

Additional Information (S Corp)

Disregarded entities owned by corporation
If the corporation owns any disregarded entities, enter the name, Employer Identification Number, address, and whether the entity had any Mississippi operations for each such entity in the statement. This information completes Form 84-105, Part III.
note
For a consolidated S Corporation, each subsidiary attached to the return is automatically included when completing Form 84-105, Part III. For a consolidated S Corporation, only disregarded entities that are not part of the consolidated return should be entered in this statement.

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