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Mississippi Pass-Through Entity Tax Return

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Mississippi Pass-Through Entity Tax Return 2019

Form 84-105-19-8-1-000 (Rev. 04/19)

Tax Year Beginning

Tax Year Ending

FEIN

Mississippi Secretary of State ID

NAICS Code

Legal Name and DBA

Address

City

State

Zip +4

County Code

Total Number of Mississippi K-1s

If issuing 100 or more K-1s, this return must be filed electronically. See www.dor.ms.gov for information.

Partnership / LLC / LLP (Federal 1065)
S Corporation (Federal 1120-S)

CHECK ALL THAT APPLY

Composite Return

Amended Return

Final Return

Non Profit

CHECK ONE

100% Mississippi

Multistate Apportioning

Multistate Direct Accounting

Fee-In-Lieu

S CORPORATION FRANCHISE TAX (ROUND TO THE NEAREST DOLLAR)

1 Taxable capital (from Form 84-110, line 18)

2 Franchise tax (minimum tax $25)

3 Franchise tax credit (from Form 84-401, line 1)

4 Net franchise tax due (line 2 minus line 3)

COMPOSITE INCOME TAX

5 Mississippi net taxable income (from Form 84-122, line 32)

6 Income tax

7 Income tax credits (from Form 84-401, line 3)

8 Net income tax due (line 6 minus line 7)

PAYMENTS AND TAX DUE

9 Total franchise and/or income tax

10 Overpayments from prior year

11 Estimated tax payments and payment with extension

12 Total payments (line 10 plus line 11)

13 Net total franchise and/or income tax (line 9 minus line 12)

14 Interest and penalty on underestimated income tax payments

15 Late payment interest

16 Late payment penalty

17 Late filing penalty (minimum income tax penalty $100)

18 Total balance due

19 Total overpayment

20 Overpayment credited to next year

21 Overpayment to be refunded

PART I: ENTITY INFORMATION

1 If final return, enter reason and date effective: Date

If the entity has been sold or merged or incorporated, complete the following: FEIN

2 If amended return, check reason. Mississippi Correction Federal Correction Other

3 If a partnership or LLC, has a federal election been made to file as a corporation? Yes No

4 Check if the company has been audited by the IRS. If the company has been audited, what year(s) are involved?

5 Principal business activity in Mississippi 5a County location in Mississippi

6 Principal product or service in Mississippi

7 Contact person for this return 7a Location and phone number

PART II: PASS-THROUGH ENTITY SCHEDULE

List all pass-through entities in Mississippi that the S corporation / Partnership invested in during the tax year. Attach additional schedule(s), Form 84-105, page 4, if needed.

PART III: Q-SUBS / DISREGARDED ENTITY SCHEDULE

List all qualified subchapter S subsidiaries (Q-Subs) and/or disregarded entities. Attach additional schedule(s), Form 84-105, page 4, if needed.

PART IV: ENTITY OFFICER INFORMATION

List the owners, officers, directors, or partners who have a responsibility in the fiscal management of the organization.

Check box if return may be discussed with preparer.

Officer Signature and Title

Date

Business Phone

Paid Preparer Signature

Date

Paid Preparer Address

Paid Preparer PTIN

Paid Preparer Phone

City

State

Zip Code

Supplemental Pass-Through Entity Schedule

Form 84-105, page 4 continued schedule information

PASS-THROUGH ENTITY SCHEDULE

Q-SUBS / DISREGARDED ENTITY SCHEDULE

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What the Mississippi Pass-Through Entity Tax Return Is

The Mississippi Pass-Through Entity Tax Return is a state tax filing used by pass-through business entities to report entity-level tax obligations and account for amounts allocated to owners or partners. It documents the entity's taxable base, records any state-level tax election or payment made on behalf of owners, and provides allocation schedules that tie entity payments to individual owners' state tax positions. Preparers use the return to calculate the entity-level liability, attach supporting schedules, and indicate any credits or adjustments that affect owners' individual filings or estimated tax payments.

Why this Return Matters for Pass-Through Entities

Filing the Mississippi Pass-Through Entity Tax Return centralizes the entity-level tax calculation, clarifies owner allocations, and documents payments that affect individual return obligations, potentially reducing duplication and state-level compliance complexity.

Why this Return Matters for Pass-Through Entities

Who Typically Completes This Return

The following users prepare, review, or receive the Mississippi Pass-Through Entity Tax Return.

  • S corporations and their accounting teams responsible for entity-level calculations and elections.
  • Partnerships and LLCs taxed as partnerships that allocate income and state-level payments to partners or members.
  • Tax preparers, CPAs, and in-house finance teams who prepare the return and reconcile allocations for owners.

Each role has specific responsibilities for accuracy, signature, and record retention for audit purposes.

Representative Signers and Preparers

Lead Preparer

A certified public accountant or authorized preparer who compiles entity income, completes schedules, and ensures payment methods are selected. The preparer typically signs preparer sections and retains copies for compliance and audit support.

Authorized Officer

An entity officer, managing partner, or authorized member who certifies the return, confirms the accuracy of schedules, and authorizes any entity-level payment or election under Mississippi rules.

Step-by-Step: Completing the Return

Follow these sequential steps to prepare and submit the Mississippi Pass-Through Entity Tax Return accurately.

  • 01
    Gather records: Collect federal return, K-1s, and state allocation schedules.
  • 02
    Complete entity info: Enter EIN, entity name, and tax year ending.
  • 03
    Calculate tax: Compute entity-level tax per Mississippi instructions.
  • 04
    Attach schedules: Include allocation and payment voucher when submitting.

Configuring an Electronic Filing Workflow

Set up an e-filing workflow with clear authentication, file formats, and payment options to minimize rejected transmissions.

Field Configuration
Authentication Level Email + SMS code or SSO for preparer access
File Format PDF/A or PDF required for attachments
Payment Method EFT preferred; include check option if allowed
Retention Policy Store signed return and schedules for minimum retention period

Digital Signing and eSubmission Essentials

Use an eSignature platform that supports secure PDFs, audit trails, and the required signer authentication methods.

  • Document Formats: PDF, DOCX, or converted PDF/A
  • Authentication: Email link, SMS code, or higher assurance
  • Integrations: CRM and cloud storage connectors

Where to File and How Submission Works

Filing flows vary by state; use the Mississippi Department of Revenue portal or authorized e-file providers when electronic filing is supported.

  • Prepare Return: Complete form and schedules locally or in software.
  • Sign and Certify: Authorized signer executes signature block.
  • Pay Amount: Submit payment by EFT or check as allowed.
  • Submit: File via the state portal or mail return.

Typical Filing Deadlines to Watch

Deadlines differ by entity type and tax year; verify dates with Mississippi Department of Revenue and federal schedules.

S corporation/Partnership return:

March 15 filing deadline generally applies

Individual income return:

April 15 filing deadline for most taxpayers

Form 1099 reporting:

Recipient and IRS deadline is January 31

Election timing:

Entity-level election may require advance notice

Extensions:

File appropriate extension to avoid late filing penalties

Key Milestones in the Filing Cycle

Track these numbered milestones from preparation through owner allocation and record retention.

01

Prepare Financials

Finalize federal return data and K-1s before state filing

02

Calculate Entity Tax

Compute entity-level liability using state instructions

03

Authorize Payment

Obtain officer signature and elect payment method

04

Allocate to Owners

Issue allocation statements or credits to owners

Consequences of Errors or Late Filing

Late Filing: State fines and interest
Underpayment: Accrued interest and penalties
Incorrect TIN: Backup withholding may be required
Missing Allocations: Owners may lose eligible credits
Intentional Misreporting: Enhanced penalties and audit risk
Retention Failure: Obstructed audit defense

Common Preparation Pitfalls to Avoid

  • Using an incorrect or outdated EIN that fails TIN verification
  • Omitting owner allocation schedules needed to support credits
  • Failing to document and retain electronic consent for records
  • Missing payment or election deadlines that trigger penalties

Required Information and Fields at a Glance

EIN: 9-digit EIN
Entity Name: Legal entity name
Tax Year: MM/DD/YYYY format
Tax Election: Election checkbox or code
Tax Amount: Monetary total due
Owner Schedule: Allocation percentages and credits

Key Elements of a Complete, Professional Return

Include these components to ensure completeness, support owner credits, and simplify audits or state inquiries.

Cover Sheet

A clear cover identifies the entity, tax year, contact person, and preferred contact method to expedite communications with the Mississippi Department of Revenue.

Payment Voucher

A payment voucher or EFT remittance detail showing the tax amount, payment method, and entity identifier reduces reconciliation friction and supports timely posting.

Allocation Schedule

A detailed owner allocation schedule showing each owner’s percentage, allocated tax credit or payment, and identifying information required for owner tax reporting and correspondence.

Supporting Schedules

Attachments that reconcile federal taxable amounts to state adjustments, including additions, subtractions, and apportionment calculations when applicable.

Signature Block

A signed certification by the authorized officer or preparer including printed name, title, and date; required for validation of the return and any payment authorization.

Reconciliation

A reconciliation worksheet linking entity-level tax to owner-level credits and previous estimated payments, documenting computations for audit or review.

Practical Tips for Accurate and Efficient Filing

Adopt these practices to reduce errors, speed processing, and create an auditable record.

Verify TINs and EINs
Confirm owner TINs with IRS TIN matching or requester validation. A single mismatched TIN can trigger backup withholding or information return penalties that are costly to correct.
Reconcile Payments
Match entity-level payments to bank remittances and owner credits. Reconcile before submission to avoid misapplied payments and time-consuming state inquiries.
Document Consent for eRecords
When using electronic records, record signer consent to receive and retain electronic documents in line with ESIGN and UETA standards to ensure legal enforceability.
Maintain Audit Copies
Retain signed returns, schedules, and payment confirmations in a tamper-evident format for the required retention period to support any future audit or inquiry.

eSignature Pricing and Feature Snapshot for Filing Workflows

Compare common vendor pricing and core features relevant to signing and submitting tax returns; signNow is listed first per comparison standards.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies Varies Varies Varies
Bulk Send Yes Yes Yes Yes Yes
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No

Practical Examples from Similar Entities

Two concise examples illustrate how entities prepare and exchange allocation details and signed returns.

Optica Ventures LLC

Optica centralized its K-1 data and entity payment records for year-end filing

  • They reduced owner follow-ups by consolidating allocations
  • The result was faster owner reporting and clearer audit trails that simplified state reconciliations and support requests.

Martin Properties

A real estate partnership standardized its allocation schedule template for each property

  • This lowered preparation variance across partners
  • Standardizing schedules improved owner communications and made it easier to apply entity-level credits consistently across multiple jurisdictions.

Frequently Asked Questions and Troubleshooting

Answers to common operational and compliance questions about completing and submitting the Mississippi Pass-Through Entity Tax Return.


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