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Use brackets around the dollar amount to indicate a loss. Attach the federal return behind the state return, including required schedules for combined filers, and staple additional schedules and attachments.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"How does the Taxpayer Access Point (TAP) support paperless tax handling?",{"text":67,"@type":63},"TAP lets taxpayers pay taxes online and receive certain correspondence electronically. An email alerts the taxpayer to log in to view letters/messages and take action, and TAP does not provide external links with personal or transaction information.",{"name":69,"@type":60,"acceptedAnswer":70},"What change is described for Mississippi franchise tax rates and phase-out?",{"text":71,"@type":63},"Beginning with tax year 2018, franchise tax is phased out over nine years ending with tax year 2027. The document lists per-$1,000 capital rates for 2020–2027 and states franchise tax is repealed effective January 1, 2028.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},301343,1790212935,{"code":4,"msg":81,"data":82},"success",[83,88,93,98,103,108,112,117,122],{"id":84,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},11,"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":110,"slug":111},17,40,"forms",{"id":113,"doc_module":22,"doc_module_name":25,"category_name":114,"show_sort_weight":115,"slug":116},18,"Letters",30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":81,"data":127},{"doc_id":78,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":109,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":30,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":135,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":141},2336477974920,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","CORPORATE INCOME AND FRANCHISE TAX  \nINSTRUCTIONS  \nINCOME AND FRANCHISE TAX BUREAU  \nPO BOX 1033 JACKSON, MISSISSIPPI 39215-1033  \nWWW.DOR.MS.GOV  \nNovember 2025  \nTABLE OF CONTENTS  \n GENERAL INFORMATION AND INSTRUCTIONS  3  \nNEW LEGISLATION 3  \nWHO MUST FILE 3  \nTIME AND PLACE FOR FILING 4  \nELECTRONIC FILING 4  \nTAXPAYER ACCESS POINT (TAP) 4  \nWHO MUST SIGN 4  \nREQUIRED FORMS AND SCHEDULES 4  \nTAX PAYMENTS 4  \nESTIMATED TAX PAYMENTS 5  \nINTEREST AND PENALTY PROVISIONS 5  \nACCOUNTING METHODS 5  \nACCOUNTING PERIOD 5  \nROUND TO THE NEAREST DOLLAR 5  \nRECORDKEEPING 5  \nTAX RATES 5  \nAMENDED RETURN 5  \n FRANCHISE TAX  7  \n INCOME TAX  8  \nINSTALLMENT SALES 8  \nINTANGIBLE AND INTEREST EXPENSES 8  \nARMS-LENGTH TRANSACTIONS 8  \nLONG TERM CAPITAL GAINS FROM SALES OF STOCK 8  \nEXTRATERRITORIAL INCOME 8  \nAPPORTIONMENT/ALLOCATION 8  \nNET OPERATING LOSS (NOL) AND CAPITAL LOSS 9  \nCOMBINED INCOME 9  \nPRODUCERS OF MINERAL OR NATURAL RESOURCE PRODUCTS 9  \nUNRELATED BUSINESS TAXABLE INCOME – EXEMPT ORGANIZATIONS 9  \n INCENTIVE CREDITS AND EXEMPTIONS  10  \n SPECIFIC INSTRUCTIONS  16  \nFORM 83-105 16  \nFORM 83-122 17  \nFORM 83-150 19  \nFORM 83-155 19  \nFORM 83-305 19  \nFORM 83-310 20  \n INSURANCE COMPANIES  21  \n DISTRICT OFFICES  22  \nAPPENDIX – COUNTY CODES 23  \n TAX CREDIT CODES  24  \nGENERAL INFORMATION AND INSTRUCTIONS  \nImportant tips to help expedite processing of your return:  \n􀀹 Use black ink when preparing the return.  \n􀀹 To indicate a loss (negative income), use brackets around the dollar amount.  \n􀀹 Attach a copy of the federal return behind the state return including returns filed electronically. Combined filers must attach the consolidated Federal Form 1120 (pages 1-5), Schedule M-3 and a complete Pro-Forma Federal Return.  \n􀀹 Additional schedules and attachments should be stapled to the return.  \nVisit our website [at www.dor.ms.gov to download](at www.dor.ms.gov to download) forms by tax year and tax type.  \nTAXPAYER ACCESS POINT (TAP)  \nRemember, TAP is:  \n• Easy to use  \n• Convenient  \n• Free  \nGo Paperless!  \nWith TAP, you have the option to Go Paperless. This means that you can pay your taxes online and receive certain correspondence electronically.  \nTAP email lets you know that you have new correspondence to view online. You then logon to TAP to read the letter or message and take appropriate action on your account. Only you or persons you authorize can see your correspondence.  \nWhen making payments or updating profile information, you should always log directly into TAP using your User ID and password. TAP does not provide links containing your transaction or personal information to any external website.  \nRemember, you can pay your bill online through TAP without registering for a TAP account. For more information on TAP, view the Electronic Filing Section of this booklet.  \nHouse Bill 1201-Effective January 1, 2025  \nThe bill requires the DOR to work in conjunction with the Secretary of State’s office (SOS) to establish a program to provide tax incentives for taxpayers who develop blighted property in MS for the purpose of placing the property into use either as an owner-occupied dwelling or commercial building.  \nHouse Bill 1644-Effective January 1, 2025  \nThe bill amends Miss. Code Ann. §57-87-5 to revise the definition of “equipment used in the deployment of broadband technologies” for purposes of the income tax credit and corporation franchise tax credit available to telecommunications enterprises for investments made in such equipment before 7/1/2030, and for purposes of the ad valorem tax exemption for such equipment placed in service.  \nSenate Bill 2858 (2016 Legislative Session) -Miss. Code  \nAnn. §27-13-1, §27-13-5, §27-13-7 and §27-13-67  \nBeginning with tax year 2018, the franchise tax will be completely phased out over a nine-year period ending with tax year 2027 as follows:  \n\n| Tax Year 2020 | $2.00 per $1,000 of capital in excess of $100,000 |\n| --- | --- |\n| Tax Year 2021 | $1.75 per $1,000 of capit","cbCainj46VhEJKlN","https://ap.wps.com/l/cbCainj46VhEJKlN","pdf",578980,24,"English","# General Information and Instructions\n## New Legislation\n## Who Must File\n## Time and Place for Filing\n## Electronic Filing\n## Taxpayer Access Point (TAP)\n## Who Must Sign\n## Required Forms and Schedules\n## Tax Payments\n## Estimated Tax Payments\n## Interest and Penalty Provisions\n## Accounting Methods\n## Accounting Period\n## Round to the Nearest Dollar\n## Recordkeeping\n## Tax Rates\n## Amended Return\n# Franchise Tax\n# Income Tax\n## Installment Sales\n## Intangible and Interest Expenses\n## Arms-Length Transactions\n## Long Term Capital Gains from Sales of Stock\n## Exterritorial Income\n## Apportionment/Allocation\n## Net Operating Loss (NOL) and Capital Loss\n## Combined Income\n## Producers of Mineral or Natural Resource Products\n## Unrelated Business Taxable Income – Exempt Organizations\n# Incentive Credits and Exemptions\n# Specific Instructions\n## Form 83-105\n## Form 83-122\n## Form 83-150\n## Form 83-155\n## Form 83-305\n## Form 83-310\n# Insurance Companies\n# District Offices\n# Appendix – County Codes\n# Tax Credit Codes","[{\"question\":\"What important tips help expedite processing of a Mississippi corporate return?\",\"answer\":\"Use black ink. Use brackets around the dollar amount to indicate a loss. Attach the federal return behind the state return, including required schedules for combined filers, and staple additional schedules and attachments.\"},{\"question\":\"How does the Taxpayer Access Point (TAP) support paperless tax handling?\",\"answer\":\"TAP lets taxpayers pay taxes online and receive certain correspondence electronically. An email alerts the taxpayer to log in to view letters/messages and take action, and TAP does not provide external links with personal or transaction information.\"},{\"question\":\"What change is described for Mississippi franchise tax rates and phase-out?\",\"answer\":\"Beginning with tax year 2018, franchise tax is phased out over nine years ending with tax year 2027. The document lists per-$1,000 capital rates for 2020–2027 and states franchise tax is repealed effective January 1, 2028.\"}]","Corporate Income and Franchise Tax Instructions - Income and Franchise Tax Bureau - November 2025 | PDF",1789781178,8]