1999 Resident Or Non-Resident/part-Year Resident Income Tax Instructions

1999 Resident or Non-resident/Part-Year Resident Income Tax Instructions

Educational Institution, Educational Loan Agency, or the State

Department of Medicaid, a portion or all of your refund may be offset in

For the year 1999, a single form, Form 80-135, includes

payment of that debt.

Schedule A - Itemized Deductions; Schedule B - Interest &

Dividends; and Schedule N - Other Income. Information

for

Line 35 - Balance Due (Line 31 on NR Return)

completing Schedules A and B is transferred from Federal Form

If the total credits on Line 28 are less than the total tax on Line 23,

1040 Schedules A and B. If you filed your Federal return using the

subtract Line 28 from Line 23 and enter the balance due on this line.

standard deduction and wish to itemize deductions for Mississippi

On the NR Return, if the total credits on Line 27 are less than the total

purposes, please use a Federal Form 1040 Schedule A as a worksheet

tax due on Line 23, subtract Line 27 from Line 23 and enter the

and transfer the information from the specific lines indicated to the

balance due on this line.

Mississippi Schedule A.

Line 36 - Interest on Underestimate of Estimated Tax Payments

Page 2 of Form 80-135, Federal Return Data Schedule, reflects

(Line 32 on NR Return)

certain infomation from the Federal income tax return, Form 1040,

An individual taxpayer is subject to making estimated tax payments

that you filed.

ALL INDIVIDUALS FILING FEDERAL

if such taxpayer does not have at least 80% of his/her tax liability

SCHEDULES C, C-EZ, E, AND/OR F MUST COMPLETE THIS

withheld through wages subject to withholding and such liability

SCHEDULE.

exceeds $200.

Instructions for Form 80-135 - Schedule A

Interest should be entered on this line if you fail to file the required

estimated tax return and pay the tax within the prescribed time, or if you

Itemized Deductions

underestimated the required amount. The interest due is computed at

the rate of 1% per month on the underpayment of tax from the date

Individual taxpayers may elect to either itemize their individual

payment is due until paid.

nonbusiness deductions or claim a standard deduction. If your itemized

personal deductions are greater than the standard deduction for your

If you are subject to making estimated tax payments, use Form 80-320

filing status (See instructions for Line 20), it will be to your advantage

to calculate the interest, or to determine if you qualify for an exception.

to complete and file Schedule A.

If you have a refund but are subject to interest on underestimate, reduce

If the standard deduction for your filing status is greater than the amount

the refund amount by the interest on underestimate.

of itemized deductions which you can substantiate, it is to your

Line 37 - Interest and Penalty (Line 33 on NR Return)

advantage to claim a standard deduction.

Late payment: Interest and penalty must be computed and added

Lines 1a Through 1c - Medical and Dental Expenses

to taxes not paid by the original due date. The interest rate is 1% per

The instructions included with your federal return should be used in

month and the penalty rate is ½ of 1% per month, not to exceed 25%

determining your medical deduction. You should base your 7.5%

total penalty.

limitation, Line 1b, on your federal adjusted gross income from your

Late filing: Penalty is added if the return is not filed on time (including

federal income tax return. Enter amounts Federal Form 1040, Schedule

extensions). The penalty is 5% of the amount due for each month or part

of a month your return is late, not to exceed 25% total penalty. The

Line 2 - Taxes You Paid

minimum late filing penalty is $100.

State income taxes paid are not deductible as an itemized

deduction. Also, you cannot deduct federal income tax, Social Security

Line 38 - Total Due (Line 34 on NR Return)

tax, or foreign tax. Enter amount from Federal Form 1040, Schedule A.

Add lines 35, 36, and 37. On NR Return, add lines 31, 32, and 33.

Enter the amount on this line. This is the amount you owe. You must

Line 3 - Interest You Paid

pay the FULL AMOUNT of your income tax due when you file your

Federal income tax limitations with regard to interest expense apply

return (or before the due date of April 17, 2000). Mississippi law

fully to Mississippi income tax. Enter only interest expense deductible

makes no provision for the payment of income tax due by

for federal income tax purposes. Enter amount from Federal Form 1040,

installments or partial payments.

Schedule A.

Lines 4 - Gifts to Charity

Payments should be made by check or money order payable to the State

You can deduct what you gave to organizations that are religious,

Tax Commission.

Do not send cash by mail.

BE SURE TO

charitable, educational, scientific, or literary in purpose. The amounts

ENCLOSE PAYMENT VOUCHER, FORM 80-106, WITH YOUR

you deduct are subject to the federal limitations. Enter amount from

PAYMENT. You may pay your tax in person at any of the State Tax

Federal Form 1040, Schedule A.

Commission district offices. Balances due of less than $1.00 need not be

paid.

Line 5 - Casualty and Theft Losses

A casualty or theft loss is computed on the same basis and subject to

Signature and Date

the same limitations as under federal law. Use federal instructions

included with your federal tax return to determine your loss. Federal

Form 4684 may also be used.

You must sign your tax return. You have not filed a legal return

unless you sign it and date it. If you and your spouse are filing a joint or

For information about federal disaster area losses, including the election

combined return, both of you must sign even though only one had

to claim a casualty loss deduction for the tax year(s) preceding the year

income. If your return was prepared by someone else, that person must

of the casualty, net casualty loss carrybacks and carryovers, contact the

sign the return as the preparer. No refunds will be made unless the

Mississippi State Tax Commission. Enter amount from Federal Form

return is properly signed.

1040, Schedule A.

Lines 6a through 6c - Job Expenses and Most Other Miscellaneous

Instructions for Form 80-135

Page 11

1999 Resident Or Non-Resident/part-Year Resident Income Tax Instructions - Office Of Revenue Page 10

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