84-381: Pass-Through Entity Election FormPass-Through Entity Election Form (2024)
Mississippi · Mississippi DOR · Used for tax years 2024
Mississippi Form 84-381 is used to elect to pay taxes at the pass-through entity level or to revoke a previous election. It records the entity’s information, responsible party, and effective date of the election or revocation.
Who files this form
Use Mississippi Form 84-381 for 2024 to elect to pay taxes at the entity level or to revoke a previous election.
The form lists these entity types:
- S corporations filing federal Form 1120-S.
- Partnerships, LLCs, and LLPs filing federal Form 1065.
What you'll need
Have the following information ready to complete the form:
- Business name and DBA, FEIN, address, county, and NAICS code.
- Tax year beginning and ending dates, and the effective date of the election or revocation.
- Total number of owners or partners.
- Responsible party’s name, title, address, phone number, and email.
- Officer’s signature, title, and signature date.
- Paid preparer’s details and signature, if a paid preparer completes the form.
The form also requires acknowledgment that the election has received the required approval.
How to file
- Select the entity type and check either “Electing PTE” or “Removing PTE.”
- Complete the entity and responsible-party information, including the tax year dates and effective date.
- For an election, obtain the required approval before submitting the form and check the approval acknowledgment box.
- Have the officer sign and date the form. Complete the paid-preparer section if applicable. Check the preparer discussion box if the return may be discussed with the preparer.
- Mail the form to:
Department of Revenue
P.O. Box 23191
Jackson, MS 39225-3191
Common mistakes
- Leaving out the effective date. The instructions require an effective date for either an election or a revocation.
- Submitting an election before obtaining approval. The form requires approval before submission and a checked box acknowledging that consent.
Questions people ask
What does “Electing PTE” mean on this form?
It means the entity is electing to pay taxes at the entity level.
How long does the election last?
The election remains valid for the current taxable year and each taxable year afterward until it is revoked.
Can this form revoke an earlier election?
Yes. Use the form to revoke a previous election, select “Removing PTE,” and provide the effective date.
What approval does the election acknowledgment box describe?
It describes approval by a vote meeting the threshold for official actions in the entity’s governing documents. If those documents have no such provisions, it describes a vote or written consent from owners, members, partners, or shareholders holding more than 50% of voting control, plus approval by vote or written consent of the governing body if the entity has one.