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What is a Mississippi combined income tax return and what are the requirements I must meet in order to file on a combined basis?

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What is a Mississippi combined income tax return and what are the requirements I must meet in order to file on a combined basis?

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A Mississippi combined income tax return is a return where two or more members of an affiliated group of corporations are taxable in Mississippi and where one or more are taxable in another state. While each corporation will compute it’s Mississippi taxable income on a separate basis, the group will combine the net incomes and losses of the group.

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