What are the filing requirements for a corporation operating in Mississippi as a partner in a partnership?
Every partnership, domestic or foreign, deriving income from property owned within the state of Mississippi, or business, trade, profession or occupation, carried on within the state shall make a return for each taxable year. The individual partners are subject to tax upon their distributive share of the partnership net income (loss). The partnership net income (loss) shall be computed in the same manner and on the same basis as the net income (loss) of an individual. Deductions for contributions or gifts are allowed to the partners on their individual return.
Related Questions
- Im transferring or selling my ownership interest in a limited liability company, corporation or limited partnership. Is there a filing required under Texas or federal securities laws?
- Do special rules apply when a partnership or subchapter S corporation contribute to the HSA of a partner or 2% shareholder/employee?
- If I am filing an amended Mississippi return to carryback a Mississippi net operating loss, what documentation should I include?
