84-110: S-Corporation Franchise Tax Schedule (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Form 84-110 is the 2025 Mississippi S-Corporation Franchise Tax Schedule. It reports the corporation's capital base, property, gross receipts, apportionment ratio, and Mississippi assessed property values to calculate final taxable capital for Form 84-105.
What you'll need
To complete the 2025 schedule, have your FEIN and these figures ready:
- Capital stock, paid-in capital, surplus and retained earnings, loans from shareholders or affiliates, and treasury stock.
- Deferred taxes, contingent liabilities, all true reserves, and other elements reported on line 5.
- Year-end net book value of real and tangible personal property, plus gross receipts, for both Mississippi and everywhere.
- Mississippi assessed values of real and personal property, by county.
The form calls for supporting schedules for line 5, the holding company exclusion on line 7, and the capital exemption on line 17. Attach an additional schedule for Mississippi property assessed values if needed.
Common mistakes
- Follow the form’s general reminder to round amounts to the nearest dollar. For final taxable capital on line 18, follow the separate instruction to round up to the next highest $1,000.
- On line 15, enter the larger of line 13 or line 14, not the smaller amount.
- Do not prorate an initial return. For other returns covering fewer than 12 months, line 16 says to multiply line 15 by the number of months covered and divide by 12.
- If line 18 is negative, enter zero on Form 84-105, line 1.
Questions people ask
How is the Mississippi apportionment ratio calculated?
Add property and gross receipts on line 11 for each column. Divide the Mississippi total on line 11A by the everywhere total on line 11B to get the ratio on line 12.
What if the corporation is 100% Mississippi?
The instructions printed on line 13 say to enter the amount from line 8 on line 13.
How do I determine taxable capital on line 15?
Compare taxable capital apportioned to Mississippi on line 13 with the total assessed value of Mississippi property on line 14. Enter the larger amount on line 15.
Where does final taxable capital go?
On line 18, subtract the capital exemption on line 17 from line 15 or line 16. Round the result up to the next highest $1,000 and enter it on Form 84-105, line 1. If the result is negative, enter zero on Form 84-105, line 1.