83-310: Summary of Net Income Schedule (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 83-310 summarizes net taxable income or loss and income tax credits for a reporting company and its subsidiary companies. The schedule totals these amounts for entry on Form 83-105 or Form 83-391.
What you'll need
The schedule calls for the following information for the reporting company and subsidiary companies:
- Company name and FEIN.
- Net taxable income or loss.
- Credit code and credit amount.
It also includes a line for totals from any additional pages of Form 83-310.
Common mistakes
- Not rounding amounts: The form says to round to the nearest dollar.
- Leaving out additional-page totals: Enter totals from additional pages on page 1, line 4, and include them in line 5.
- Transferring a negative income total: If the total in column C is negative, enter zero on Form 83-105, page 1, line 5, or Form 83-391, page 1, line 1.
Questions people ask
Where do I list each company?
List the reporting company on line 1 and subsidiary companies on line 2. The form also provides additional company spaces on page 2.
How do I calculate the totals on page 1?
On line 3, total the credit amounts in column B and the net taxable income or loss in column C from lines 1 and 2. On line 4, enter the totals from additional pages. Add lines 3 and 4 to get the totals on line 5.
Where does the total credit amount go?
Enter the line 5 total from column B on Form 83-105, page 1, line 7, or Form 83-391, page 1, line 4.
Where does the total net taxable income or loss go?
Enter the line 5 total from column C on Form 83-105, page 1, line 5, or Form 83-391, page 1, line 1. If that total is negative, enter zero on the applicable form.