84-387: Partnership Income Tax Estimate Voucher (2024)
Mississippi · Mississippi DOR · Used for tax years 2024
Mississippi Form 84-387 is the 2024 Partnership Income Tax Estimate Voucher. It reports the partnership's net gain or profit, an estimated payment of 5% remitted for listed owners or partners, and each owner's or partner's ownership percentage and payment amount.
Who files this form
The 2024 Mississippi Form 84-387 is a partnership income tax estimate voucher. It records a payment of 5% of net gain or profit remitted by the partnership for the owners or partners listed on the form.
The form does not state which partnerships are required to make estimated payments.
What you'll need
Have the following information ready to complete the voucher:
- Business name and DBA, address, and partnership FEIN.
- Tax year beginning and ending dates and the estimate due date.
- Total partnership net gain or profit.
- Each listed owner's or partner's name, identification number (SSN or FEIN), ownership percentage, and payment amount.
- Total number of owners or partners included on the estimate forms.
Page 2 provides supplemental space for owner or partner entries. The form also requires an officer or agent's signature, title, and date.
How to file
Complete and sign the voucher. Make your check or money order payable to Department of Revenue, and print the partnership's FEIN on the check.
Mail to:
Department of Revenue
P.O. Box 23191
Jackson, MS 39225-3191
The form refers to instructions for electronic payment options, but those instructions were not provided here.
Common mistakes
- Forgetting to print the FEIN on the check.
- Making the check or money order payable to someone other than Department of Revenue.
- Leaving supplemental-page amounts out of line 15. The form directs you to include the total from all supplemental pages.
- Entering a mismatched total on line 16. Add lines 14 and 15; the result should equal the amount entered on line 2.
Questions people ask
What amount goes on line 2?
Line 2 is 5% of net gain or profit remitted by the partnership for the listed owners or partners.
What if I need more space for owners or partners?
Use the supplemental page, Form 84-387, page 2. Enter the total amounts from all supplemental pages on page 1, line 15.
How do I calculate the total estimate payment?
Add the amounts on lines 3 through 13 and enter the total on line 14. Add line 14 and line 15 to get line 16, the total estimate payment. Line 16 should equal the amount entered on line 2.
Who signs the voucher?
The form provides a signature line for an officer or agent, along with fields for their title and the date. The declaration states that the return and accompanying schedules and statements are true, correct, and complete to the best of the signer's knowledge and belief, under penalties of perjury.