How does a corporation compute its Missouri taxable income on Form MO-MS?
The corporation must include in its Form MO-MS its percentage of ownership of the partnership’s or Subchapter S Corporation’s factors. For example, Company C owns 40 percent of Partnership P. The corporation does not have any property, payroll, or sales except for in its ownership of the partnership. The corporation would take 40 percent of the partnership’s property, payroll, and sales everywhere and Missouri only and use these amounts to complete the Form MO-MS.
The corporation must include in its Form MO-MS PDF file its percentage of ownership of the partnership’s or Subchapter S Corporation’s factors. For example, Company C owns 40 percent of Partnership P. The corporation does not have any property, payroll, or sales except for in its ownership of the partnership. The corporation would take 40 percent of the partnership’s property, payroll, and sales everywhere and Missouri only and use these amounts to complete the Form MO-MS.
