Schedule Mo-Ft - Corporate Franchise Tax Schedule - 2014

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Missouri Department of Revenue
Schedule
2014 Corporate Franchise Tax Schedule
MO-FT
Attachment Sequence No. 1120-03 and 1120S-01
Corporation Name
Missouri Tax Identification Number
| | | | | | |
Charter Number
Federal Employer I.D. Number
E-mail Address
| | | | | | | | |
| | | | | | | |
File Period Beginning (MM/DD/YYYY
Ending (MM/DD/YYYY)
Balance Sheet Date (MM/DD/YYYY)
)
___ ___ / ___ ___ / ___ ___ ___ ___
___ ___ / ___ ___ / ___ ___ ___ ___
___ ___ / ___ ___ / ___ ___ ___ ___
Do your assets include an interest in a partnership or limited liability company?
r
r
No
Yes If yes, you must provide a detailed reconciliation of partnership assets.
Has there been a change in your accounting period?
r
r
No
Yes If yes, state prior accounting period: _____________________________________________
Read instructions before completing this schedule. Note: You cannot file a consolidated franchise tax return.
• Corporations having all assets within Missouri complete Lines 1, 2, 6a, and 7 only.
• Corporations having assets both within and without Missouri complete all lines except 6a.
1. Par value of issued and outstanding stock (for no-par value stock, see instructions) (not less than zero) 1
00
2. Assets
2a. Total assets per attached balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a
00
2b. Less: Investments in or advances to subsidiaries over 50% owned (attach Schedule MO-5071
or a schedule showing name of corporations, percentage of ownership, and amount) . . . . . . . . . . . 2b
00
2c. Adjusted total (Line 2a less Line 2b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c
00
3. Allocation per attached balance sheet or schedule (see instructions)
(A) Missouri
(B) Everywhere
3a. Accounts receivable (net of allowance for bad debt) . . . . . 3a
00 3a
00
3b. Inventories (net, book value). . . . . . . . . . . . . . . . . . . . . . . . 3b
00 3b
00
3c. Land and fixed assets (net of accumulated depreciation) . . 3c
00 3c
00
3d. Total allocated assets (add Lines 3a, 3b, and 3c). . . . . . . . 3d
00 3d
00
4. Missouri percentage for apportionment (Line 3d, Column A divided by Column B)
.
Extend the apportionment percentage to six digits to the right of the decimal point. . . . . . . . . . . . . . . . .
4
%
5. Assets apportioned to Missouri (Line 2c times Line 4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
00
6. Tax basis:
6a. Corporations having all assets within Missouri (Line 2c or Line 1, whichever is greater) . . . . . . . . . 6a
00
6b. Corporations having assets both within and without Missouri (Line 5, or the product of Line 1 times
Line 4, whichever is greater). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6b
00
If Line 6a or Line 6b is $10,000,000 or less, Stop Here and check Box A on Form
MO-1120 or
MO-1120S.
Box A on Form
7. Tax Computation
7a. Tax — 1/75th of 1% (.000133 of Line 6a or Line 6b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a
00
7b. Short periods (see instructions)
Line 7a x _______ (insert number of whole months in short period) = Prorated
12
Tax Due . . . . . . . . . 7b
00
7c. Computed current year tax (enter the amount from Line 7a or Line 7b, whichever applies) . . . . . . . 7c
00
7d. Base Year Franchise Tax. Enter the franchise tax from the return for the taxable year ending on
or before December 31, 2010 (before the tax is prorated, if the return is for a short period). If the
corporation had no franchise tax filing requirement for the taxable year ending on or before
December 31, 2010, the base year is the franchise tax liability for the corporation’s first full taxable
year on or after the taxable year ending December 31, 2010. If this is the first year the corporation
had a filing requirement, skip this line and go to Line 7e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7d
00
7e. Tax due. Enter the smaller of Line 7c or Line 7d here and on Form MO-1120, Line 16 or Form
MO-1120S, Line 15. If no amount was entered on Line 7d, enter the amount from Line 7c . . . . . . 7e
00
Schedule MO-FT (Revised 12-2013)
Schedule MO-FT must be filed with the Form MO-1120 or Form MO-1120S. Please attach to either form and mail
to the appropriate address as shown on page 1 of the MO-1120 or MO-1120S.
Phone: (573) 751-4541
Taxation Division
Visit
P.O. Box 3365
Fax: (573) 522-1721
for additional information.
E-mail: franchise@dor.mo.gov
Jefferson City, MO 65105-3365

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