Form 84-122-14-8-1-000 - Mississippi Net Taxable Income Schedule - 2014

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Form 84-122-14-8-1-000 (Rev. 05/14)
Mississippi
Net Taxable Income Schedule
Page 1
841221481000
2014
FEIN
FEDERAL TAXABLE INCOME
(ROUND TO THE NEAREST DOLLAR)
1
Ordinary business income (loss) (from federal Form 1120S, page 1, line 21 or federal
Form 1065, page 1, line 22. If multistate direct accounting, enter zero and skip to line 25)
1
00
2
Total federal Schedule K income (pass-through items not included in line 1 above from
federal Form 1120S, page 3, Schedule K, line 2 through line 10 or from federal Form
1065, page 4, Schedule K, line 2 through line 11)
2
00
3
Total federal Schedule K deductions (pass-through items not included in line 1 above
from federal Form 1120S, page 3, Schedule K, line 11 through line 12d or from federal
3
00
Form 1065, page 4, Schedule K, line 12 through line 13d)
4
4
Total federal business income (loss) (line 1 plus line 2 minus line 3)
00
STATE ADDITIONS TO FEDERAL TAXABLE INCOME
5
State, local or foreign government taxes based on income
5
00
6
Interest on obligations of other states or political subdivisions (net of expenses)
6
00
7
Depletion expense in excess of cost
7
00
8
Federal special depreciation allowance
8
00
9
Other additions required by law (attach schedule)
9
00
10 Total additions (add line 5 through line 9)
10
00
STATE DEDUCTIONS FROM FEDERAL TAXABLE INCOME
11 Interest on obligations of the United States (net of expenses)
11
00
12 Wages reduced on federal return for federal employment tax credits
12
00
13 Income (loss) from partnership, S corporation or trust
13
00
14 Income (loss) from construction contracting or production of natural mineral resource
14
00
products (net of expenses)
15 Additional depreciation due to a difference in the depreciable base for federal and state
15
00
purposes (attach schedule)
16 Other deductions (attach schedule)
16
00
17 Total deductions (add line 11 through line 16)
17
00
APPORTIONMENT / ALLOCATION
If 100% Mississippi, complete line 18 then skip to page 2. line 22
18 Adjusted federal income (loss) (line 4 plus line 10 minus line 17)
18
00
19 Adjustment for nonbusiness income (loss) net of expenses
19
00
(from Form 84-150, column E, line 2)
20 Apportionable business income (loss) (line 18 minus line 19)
20
00

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