Form Mo-1040 - Individual Income Tax Return - Long Form

WHAT’S INSIDE

Fiscal Year Filers

Net Operating Loss .............................. 11, 12

When to File ............................................ 4

New Jobs Deduction ................................ 7, 8

Form MO-1040 Completion ................5-10

Address Change ........................................... 5

Non-obligated Spouse ................................. 6

Forms - To Obtain ........................................ 3

Adjusted Gross Income

Nonresident

Income Tax

Federal..................................................... 6

Definition ................................................ 4

Local Earnings ........................................ 35

Missouri ................................................... 6

Income Percentage .................................. 8

Paid to Other States (Resident Credit

Worksheet ............................................... 6

Partner or S Corp Shareholder .................. 8

or Missouri Income Percentage) ............ 8

Amended Return ..................................... 4, 9

Nonresident Alien ................................... 4, 5

Percentage (Resident Credit or

Amount Due .............................................. 10

Part-year Resident .................................... 5, 8

Missouri Income Percentage) ................ 8

Composite Return ........................................ 5

Pension Exemption .......................... 7, 35, 36

State................................................... 8, 35

Consumer’s Use Tax .............................. 5, 39

Property Tax Credit ........................... 8, 36-38

Individual Medical Accounts ............... 11, 12

Credit Card Payment .................................. 10

Property Tax Credit Chart ......................41-43

Interest

Domicile ..................................................... 4

Qualified Health Insurance Premium ......... 35

Exempt Federal Obligations ............. 11, 12

Deductions

Worksheet ............................................. 26

State and Local Obligations .................... 11

Personal Exemption ................................. 7

Railroad Retirement

Late Filing and Payment

Dependent ............................................... 7

Addition .................................................. 4

Benefits ...................................... 11, 12, 37

Elderly Dependent ................................... 7

Interest ..................................................... 4

Tax ....................................................... 35

Healthcare Sharing Ministry ................. 7, 8

Payment Options ............................... 4, 10

Tier I and Tier II .......................... 11, 12, 35

Federal Income Tax ................................ 7

1040V ......................................... 4, 10, 40

Recapture Tax ............................................. 8

Itemized............................................. 7, 35

Lump Sum Distribution ................................ 8

Refund ...................................................... 10

Long-term Care Insurance ......................... 7

Mailing Addresses ............................. 2, 4, 36

Return Inquiry Website .......................... 4, 44

Standard .................................................. 7

Military Personnel ........................... 5, 12, 36

Resident (definition) ..................................... 4

Depreciation Adjustment ........................... 35

Missouri Taxpayer Bill of Rights ................. 44

Resident Credit ............................................ 8

Disabled, 100 Percent ................................. 6

Missouri Withholding

Self-employment Tax ................................. 35

Enterprise or Rural Empowerment

Form 1099 ............................................... 8

Signing Your Return ................................... 10

Zone Income Modification ....................... 8

Form W-2 .......................................... 8, 34

Tax Credits .................................................. 8

Estimated Tax

Modifications to Income ................ 11, 12, 35

Tax Computation Worksheet ..................... 25

Declaration of .......................................... 5

MOST, Missouri Higher Education Deposit

Tax Chart ................................................... 25

Underpayment Penalty ............... 10, 31-34

Program, other qualified 529 plans . .11, 12, 35

Telephone Numbers .................................. 44

Extension ................................................. 4, 8

Name, Address, etc.

Trust Funds ............................................ 9, 10

Deceased Taxpayer .................................. 5

Filing Requirements ................................. 3, 4

Social Security Number ............................ 5

When to File ................................................ 4

Filing Status ................................................. 7

c. Interest on federal exempt obligations;

• You claim a Health Care Sharing Ministry

DO YOU HAVE THE

d. Interest on state and local obligations;

deduction.

CORRECT TAX BOOK?

e. Capital gain exclusion;

• You claim a New Jobs Deduction.

f. Exempt contributions made to or earn-

To Obtain Forms:

Form MO-1040 is Missouri’s long form. It is

ings from the Missouri Savings for

a universal form that can be used by anyone.

Tui tion Program (MOST), Mis souri

To use the Department’s form selector or to

Higher Education Deposit Program, or

If you do not have any of the special filing

obtain specific tax forms visit our website at

other qualified 529 plan ;

situations described below and you choose

g. Enterprise zone or rural empowerment

to file a paper tax return, try filing a short

form. The short forms are less complicated

zone modification;

IMPORTANT FILING

and provide only the necessary information

h. Negative adjustments re lated to bonus

for specific tax filing situations.

depreciation;

INFORMATION

i. Net operating loss carryback/carry-

YOU MUST FILE FORM MO-1040 IF AT

forward; or

LEAST ONE OF THE FOLLOWING APPLIES:

This information is for guidance only and

j. Combat pay included in federal adjusted

• You claim:

does not state the complete law.

gross income.

a. A pension or social security/social secu-

• You or your spouse have income from

rity disability or military exemption or

iling

equiRements

another state.

property tax credit and you also have

You do not have to file a Missouri return if

• You claim a deduction for dependent(s)

other special filing situations. (If you do

you are not required to file a federal return.

age 65 or older.

not have any other special filing situa-

tions described in this section, you can

• You owe a penalty for underpayment of

If you are required to file a federal return, you

use Form MO-1040P—Short Form to

estimated tax.

may not have to file a Missouri return if you:

file your taxes and claim the property tax

• You are filing an amended return.

• are a resident and have less than $1,200

credit/pension exemption.);

• You owe tax on a lump sum distribution

of Missouri adjusted gross income;

b. Miscellaneous tax credits (taken on

included on Federal Form 1040, Line 44.

• are a nonresident with less than $600 of

Form MO-TC); or

• You owe recapture tax on low income

Missouri income; or

c. A credit for payment made with the

housing c redit.

filing of a Form MO-60, Application for

• have Missouri adjusted gross income

• You are a nonresident entertainer or a

Extension of Time to File.

less than the amount of your standard

professional athlete.

• You have any of the following Missouri

deduction plus the exemption amount

• You are a fiscal year filer.

modifications:

for your filing status.

• You are a nonresident military service

a. Positive or negative adjustments from

Note: If you are not required to file a Mis souri

member stationed in Missouri and you or

partnerships, fiduciaries, S corporations,

return, but you received a Form W-2 stating

your spouse earned non-military income

or other sources;

you had Missouri tax withheld, you must file

while in Missouri.

b. Nonqualified distribution received from

your Missouri return to get a refund of your

• You claim a deduction for other federal tax

the Missouri Savings for Tuition Pro gram

Missouri withholding. If you are not required

(from Federal Form 1040, Lines 45, 46, 48,

(MOST), Missouri Higher Education

to file a Missouri return and you do not antici-

Deposit Program, or other qualified 529

59, 60b, and any recapture taxes on Line

plan;

63, minus Line 69).

pate an increase in income, you may change

Form Mo-1040 - Individual Income Tax Return - Long Form - 2014 Page 3

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