Form Mo-1065 Draft - Partnership Return Of Income

Electronic Filing for Partnership Return of Income

Partnerships may file Missouri Form MO-1065 Partnership Return of Income and attachments electronically.

Missouri, in cooperation with the Internal Revenue Service (IRS), offers a joint federal and state electronic filing of

partnership return through Modernized E-File (MeF). This system has been developed through a cooperative effort

between the IRS, states, and the software community. The system uses the latest electronic technology and industry

standards. A partnership may visit the Department’s website at

for more

information regarding electronic filing as well as a list of approved vendors that support corporate electronic filing.

Nonresident Partners

General Information

Every partnership, including limited liability companies that are

This information is for guidance only and does not state the complete

treated as a partnership by the Internal Revenue Service (IRS), must

law.

file

Form

MO-1NR, Income Tax Withheld for Nonresident Individual

Partners or S Corporation Shareholders and send in copies of

Form

Who Must File Form MO-1065

MO-2NR, Statement of Income Tax Payments for Nonresident Individual

Form MO-1065 must be filed, if Federal Form 1065 is required to be

Partners or S Corporation Shareholders, if it has non resident individual

filed and the partnership has (1) a partner that is a Missouri resident

partners who do not meet one of the fol low ing exceptions:

or (2) any income derived from Missouri sources,

Section 143.581,

• the nonresident partner, not otherwise required to file a return,

RSMo.

Items of income, gain, loss, and deduction derived from, or

elects to have the Missouri income tax due paid as part of the

connected with, sources within Missouri are those items attributable

partnership’s composite return;

to (1) the ownership or disposition of any interest in real or tangible

• the nonresident partner, not otherwise required to file a return,

personal property in Missouri or (2) a business, trade, profession, or

had Missouri assignable federal adjusted gross income from the

occupation carried on in Missouri. Income from intangible personal

partnership of less than twelve hundred ($1,200) dollars;

property, to the extent that such property is employed in a business,

• the partnership is liquidated or terminated, income was generated

trade, profession, or occupation carried on in Missouri, constitutes

by a transaction related to termination or liquidation, and no cash or

income derived from sources within Missouri.

prop erty was distributed in the current or prior taxable year.

Short Form — Form MO-1065

A nonresident partner can re quest the partnership be exempt from

If you select “No” on both questions 1 and 2 on Form MO-1065, attach

withholding by filing a com pleted

Form

MO-3NR, Partnership or

a copy of Federal Form 1065 and all its schedules, including Schedule

S Corporation Withholding Exemption or Revocation Agree ment.

K-1. Sign Form MO-1065 and mail the return.

Form MO-1NR must be filed by the due date or extended due date

If you select “Yes” on question 1 on Form MO-1065, Parts 1 and 2

for filing the partnership income tax return. Form MO-3NR must be

must be completed. If you select “Yes” on question 2, Form MO-1065,

filed by the due date for filing the partnership income tax return without

complete

Form

MO-NRP. Attach a copy of Federal Form 1065 and all

regard to an extension of time to file. Forms may be obtained by

its schedules, including Schedule K-1. Sign Form MO-1065 and mail

contacting: Missouri Department of Revenue, Taxation Division, P.O.

the return.

Box 3022, Jefferson City, MO 65105-3022, calling (800) 877-6881

(TDD (800) 735-2966), or visiting the Department’s website at:

When and Where to File

A Missouri partnership return should be completed after the federal

partnership return is completed. The Missouri partnership return is

If you have technical questions concerning the filing of Form MO-1NR

due no later than the 15th day of the 4th month fol low ing the close of

and Form MO-3NR, you may contact the Taxation Division at (573)

the taxable year. For partnerships operating on a calendar year basis,

751-1467.

the partnership return is due on or before April 15. When the due

Partnerships filing a composite return on behalf of their nonresident

date falls on a Saturday, Sunday, or legal holiday, the return will be

partners should mark the composite return box on Page 1 of the return.

considered timely if filed on the next business day. Please mail the

The composite return is filed on the Form MO-1040. Complete

return to: Missouri Department of Revenue, P.O. Box 3000, Jefferson

instructions can be found on the Department’s website at:

City, MO 65105-3000.

Period Covered by the Return

Authorization

Form MO-1065, Partnership Return of Income, must cover the same

Select the “yes” box for authorization of release of confidential

period as the corresponding Federal Form 1065. Indicate the period

information for the Director of Revenue or delegate to discuss this

covered on the front of the return if other than a calendar year.

return and attachments with the preparer whose signature appears

Rounding on Missouri Returns

on the Form MO-1065 or to any member of his or her firm. If the

You must round all cents to the nearest whole dollar on your return.

authorization box is selected “no”, or if no box is selected, the Department

For cents .01 through .49, round down to the previous whole dollar

of Revenue can only discuss this return with a partner. Refer to

Section

amount. For cents .50 through .99, round up to the next whole dollar

32.057(1),

RSMo.

amount. For your convenience, the zeros have already been placed in

Sign the Return

the cent columns on the returns.

Form MO-1065, Partnership Return of Income, must be signed by one

Credits

of the partners of the partnership or one of the members of the joint

Partners may be entitled to tax credits.

These credits must be

venture or other enterprise. Any member or partner, regardless of

position, may sign the return.

allocated to the partners’ percentage of ownership and reported

on the

Form MO-1040,

Individual Income Tax Return. See Form

MO-1040 and

Form MO-TC

instructions for further information. You

may also access the information at

Form Mo-1065 Draft - Partnership Return Of Income - 2014 Page 2

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