Form Mo-A - Information To Complete Form Mo-A - Mo Department Of Revenue printable pdf download

25) expressed as a positive number, plus any

another state or political subdivision on Line 9

Department of Revenue

unused net operating losses from prior years

of your federal Schedule A, you must report

P.O. Box 329

Jefferson City, MO 65107-0329.

(Federal Form 1045, Schedule A, Line 24). If

that amount on Line 5 of Form MO-A, unless

your net operating loss carries forward from

that state or political subdivision allows a

2-D barcode returns, see page 2.

the carryback year, enter as an addition mod-

subtraction to income for Missouri property

ification the unused portion of your net oper-

taxes.

IGN

ETURN

ating loss, as computed on Federal Form

You must sign Form MO-1040. Both spouses

6 — T

INE

OTAL

DDITIONS

1045, Schedule B, Line 10, or Federal Form

must sign a combined return. If you use a paid

Add Lines 1 through 5. Enter the totals on Form

1045, Line 10. Please attach Federal Form

preparer, the preparer must also sign the

MO-A, Part 1, Line 6 and on Form MO-1040,

1045, Schedules A and B, and/or the calcu-

return. If you wish to authorize the Director of

Line 2.

lation of your net operating loss carryback/

Revenue or delegate, to release information

carryforward.

regarding your tax account to your preparer or

7 — I

INE

NTEREST ON

XEMPT

any member of your preparer’s firm, indicate

Non-medical Withdrawal from Individual

EDERAL

BLIGATIONS

“yes” by checking the appropriate box.

Medical Account (IMA): Any monies you

Interest from direct obligations of the U.S.

withdraw from your Individual Medical

Government, such as U.S. savings bonds,

Account (IMA) for non-medical purposes are

FORM MO-A

U.S. treasury bills, bonds, and notes is

taxable to Missouri. The interest earned on

exempt from state taxation under the laws of

such monies is also taxable to Missouri.

the United States. Attach a detailed list or

Information to

These taxable monies are reported on the

all Federal Form 1099(s). Taxpayers who

statement provided by the administrator of

claim exclusion for interest from direct U.S.

Complete

the IMA.

obligations must identify the specific securi-

Non-qualified Withdrawal from Family De-

ties owned, e.g., “U.S. savings bond”. A

Form MO-A

velopment Account: The amount of annual

general description such as “interest on U.S.

deposits previously subtracted must be

obligation” or “U.S. Government securities”

added to your federal adjusted gross income

ART

is not acceptable. (See Regulation 12 CSR

if the withdrawal from the account was not

10-2.150 for the taxability of various U.S.

ISSOURI

ODIFICATIONS

for a qualified use.

Government related obligations.) Failure to

EDERAL

DJUSTED

identify the specific security will result in

3 — N

INE

ONQUALIFIED

the disallowance of the deduction.

ROSS

NCOME

ISTRIBUTION FROM A

UALIFIED

A federally taxed distribution received from

529 P

Form MO-A, Part 1, computes Missouri

LAN

a mutual fund investing exclusively in direct

modifications to federal adjusted gross

Any distribution made by the Missouri

U.S. Government obligations is exempt. If

income. Modifications on Lines 1, 2, 3, 4

Savings for Tuition Program (MOST), the

the mutual fund invests in both exempt

and 5 include income that is exempt from

529 plan administered by the Missouri

(direct) and non-exempt (indirect) federal

federal tax, but taxable for state tax purposes.

Higher Education Deposit Program, or any

obligations, the deduction allowed will be

Modifications on Lines 7, 8, 9, 10, 11 and 12

other qualified 529 plan, not used for quali-

the distribution received from the mutual

exclude income that is exempt from state tax,

fied higher education expenses, must be

fund attributable to the interest on the direct

but taxable for federal tax purposes. If after

added to the participant’s (taxpayer who

U.S. Government obligations, as determined

reviewing the instructions for Part 1, you

made contributions to the plan) federal

by the mutual fund. Attach a copy of the

have no modifications, enter on Form

year-end statement received from the

adjusted gross income. Early distributions

MO-1040, Lines 3 and 5, the same amount(s)

mutual fund showing either the amount of

(distributions not held for the minimum time

entered on Form MO-1040, Line 1.

monies received or the percentage of funds

established by the Missouri Higher Educa-

received from direct U.S. Government obliga-

tion Savings Program board) must be added

tions, or a summary statement received from

to the participant’s federal adjusted gross

1 — I

the mutual fund which clearly identifies the

INE

NTEREST ON

TATE AND

income. The amount of the distribution that

exempt and non-exempt portions of the U.S.

OCAL

BLIGATIONS

must be added includes contributions previ-

Government obligation interest. The statement

If you received income from an obligation of

ously exempt from state tax and deductible

does not need to list each obligation separately.

a state or political subdivision other than

earnings generated from the program (if the

Failure to attach the requested document will

Missouri, enter the amount of that income,

earnings are not already included in federal

result in the

disallowance of the deduction.

reduced by the related expenses incurred

adjusted gross income). The participant is

To arrive at the amount of related expenses,

(management fees, trustee fees, interest, etc.)

responsible for adding the nonqualified dis-

you may use actual expenses or a reasonable

if the expenses are more than $500.

tribution amount to his/her federal adjusted

estimate. In general, you should use the same

gross income. If the participant is deceased,

or similar method used to compute related

2 — P

, F

INE

ARTNERSHIP

IDUCIARY

the beneficiary of the savings program must

expenses for federal income tax purposes,

S C

, O

ORPORATION

THER

claim the nonqualified taxable distribution

provided that the method reasonably reflects

Enter positive adjustments (additions) re-

as an addition to federal adjusted gross

related expenses for Missouri-exempt income.

ported from partnerships, fiduciaries, S cor-

income on the Missouri income tax return.

If you fail to compute reasonable related

porations, or other sources. The partnership,

expenses, the Director of Revenue will make an

4 — F

fiduciary, or S corporation must notify you of

INE

OOD

ANTRY

adjustment based on the best information made

the amount of any such adjustment (addi-

ONTRIBUTIONS INCLUDED ON

available. If sufficient information is not made

tion) to which you are entitled. Check the

available or if your records do not provide suffi-

CHEDULE

boxes applicable on Line 2 and attach a

cient information, the Director of Revenue will

If you are claiming the Food Pantry Tax Credit,

copy of the notification received.

use the following formula to compute related

(Form MO-FPT) and you included your dona-

Net Operating Loss — Carryback/Carry-

expenses:

tions as an itemized deduction on your federal

Exempt income x Expense items = Reduction

forward: In the year of your net operating

schedule A, report the amount of your dona-

Total income

to exempt

loss, enter on Form MO-A, Part 1, Line 2, as

tions, as noted on Line 8a of Form MO-FPT.

income

an addition modification, the amount of your

5 — N

eligible net operating loss to be carried back

The principal expense item in this formula is

INE

ONRESIDENT

ROPERTY

or carried forward from the loss year. Enter

interest expense; however, the Director of Reve-

If you are a nonresident or part-year resident

the sum of the current year's net operating

nue may include other expense items because of

and you reported property taxes paid to

loss (Federal Form 1045, Schedule A, Line

their direct relationship to the production of

Form Mo-A - Information To Complete Form Mo-A - Mo Department Of Revenue

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