Screen MOFIFT - Missouri Bank Franchise Tax Schedule (1120)

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Franchise Tax

Number of shares of issued and outstanding capital stock
Enter the number of shares of issued and outstanding capital stock. The application automatically multiplies the number of shares with no par value by 5 and enters the amount on Form INT-2, Bank Franchise Tax Schedule BF. If blank, par value is deemed to be 5 for franchise tax purposes.

Balance Sheet Adjustments

Cash / … / Other assets
Enter the
non
-Missouri balance sheet amounts in these fields. The application automatically calculates the Missouri amounts for the franchise tax report as the federal Schedule L amounts less the non-Missouri amounts entered in these fields. Amounts for buildings and other depreciable assets, depletable assets, and intangible assets should have accumulated depreciation and amortization deducted from the amounts entered.

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