83-105: Corporate Income and Franchise Tax Return (2024)
Mississippi · Mississippi DOR · Used for tax years 2024
Form 83-105 is Mississippi's 2024 Corporate Income and Franchise Tax Return. It reports taxable capital, Mississippi net taxable income, tax credits and payments, and any balance due or overpayment. It also collects information about the corporation, its officers and affiliated e
What you'll need
Have the information and supporting forms needed for the lines you complete:
- Business details, including legal name and DBA, address, FEIN, Mississippi Secretary of State ID, tax-year beginning and ending dates, and NAICS code.
- Form 83-110 for taxable capital.
- Form 83-122 or Form 83-310 for Mississippi net taxable income.
- Form 83-401 or Form 83-310, as specified on the return, for tax credits.
- Form 84-161 if claiming credit for tax paid on an electing pass-through entity return. You must attach the K-1(s) received from those entities.
- Prior-year overpayment amounts, estimated tax payments, and payments made with an extension.
- Form 83-305 for interest and penalty on underestimated income tax payments.
You will also need information about the people responsible for the organization's fiscal management and all entities owned by or affiliated with the corporation.
How to file
Complete the business information, tax calculations, payment details, and corporate information schedules. Round tax amounts to the nearest dollar.
An officer must sign and date the return and provide their title and business phone number. The form also provides fields for a paid preparer's information and signature.
Mail the return to:
Department of Revenue
P.O. Box 23191
Jackson, MS 39225-3191
Common mistakes
- Not rounding amounts: The form directs you to round to the nearest dollar.
- Leaving out required K-1s: If claiming the line 12 credit for tax paid on an electing pass-through entity return, attach the K-1(s) received from those entities.
- Leaving affiliated entities off the schedule: List all entities owned by and affiliated with the corporation. Use the supplemental schedule on page 4 if needed.
Questions people ask
What information is needed for a combined income tax return?
Enter the FEIN of the reporting corporation in the combined income tax return field.
What should I enter if this is a final return?
Check the Final Return box and enter the reason and effective date in Part I, item 2.
How do I identify an amended return?
Check the Amended Return box and select the reason in Part I, item 4: Mississippi Correction, Federal Correction, or Other.
Can an overpayment be credited to next year?
Yes. Line 21 is for the amount of the line 20 overpayment credited to next year. Line 22 shows the amount to be refunded, calculated as line 20 minus line 21.