Schedule Mo-Mss - S Corporation Allocation And Apportionment Schedule Page 2
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1
2SCHEDULE MO-MSS
PAGE 2
CORPORATION NAME
MO TAX I.D. NUMBER
CHARTER NUMBER
FEDERAL I.D. NUMBER
PART 3 — MULTISTATE OR SINGLE FACTOR ALLOCATION
•
ALLOCATION OF NONBUSINESS INCOME
Directly allocable nonbusiness income.
Do not allocate expenses that have
GROSS INCOME
DIRECTLY RELATED EXPENSES
INDIRECTLY RELATED EXPENSES
been excluded from federal taxable
(1) EVERYWHERE
(2) MISSOURI
(3) EVERYWHERE
(4) MISSOURI
(5) EVERYWHERE
(6) MISSOURI
income.
00
00
00
00
00
00
1. Interest income ...........................
00
00
00
00
00
00
2. Royalties ....................................
00
00
00
00
00
00
3. Rents ..........................................
00
00
00
00
00
00
4. Net capital gains .........................
00
00
00
00
00
00
5. Dividends ...................................
00
00
00
00
00
00
6. Total each column ......................
All income is presumed to be business income unless you can clearly show the income to be nonbusiness income.
ALLOCATION/APPORTIONMENT OF DISTRIBUTIVE SHARE ITEMS
The following steps must be followed for each distributive share item that is being allocated as nonbusiness income.
Attach an explanation and computations detailing the nature of the nonbusiness or Missouri source income.
EXAMPLE: Assume $15,000 in total rents of which $12,000 is business income and $3,000 is nonbusiness of which $1,000 is directly
allocated to Missouri income. Assume an apportionment factor of 33.333% (from Part 1, Line 7 or Part 2, Line 4):
Step 1
$15,000
Total rents
Step 2
– 3,000
Allocated to Missouri as nonbusiness or Missouri source income
$ 12,000
Business income
=
Step 3
$ 12,000
X 33.333%
4,000
Step 4
$ 1,000
Missouri source income
+
Step 5
4,000
From Step 3
$ 5,000
Enter on Schedule MO-NRS, Part 1, Line 3, Column (b).
Step 6
$ 5,000/15,000 = 30% This percentage is entered on Schedule MO-NRS, Part 1, Line 3, Column (c).
APPORTIONMENT OF PARTNERSHIP INTEREST
EXAMPLE: Assume S corporation’s only activity is a 10 percent ownership in partnership. Partnership’s Schedule MO-MSS reflects single
factor with $1,000,000 as wholly within and $275,000 as partly within. S corporation method 2 Single Method Apportionment is
calculated as follows:
1. Amount wholly in Missouri ($1,000,000 x .10)
=
$100,000
2. Amount wholly within and without Missouri ($275,000 x .10)
=
$27,500
3. Amount wholly without Missouri (0 x .10)
=
$0
4. Total amount (all source)
=
$127,500
5. One half of Line 2
=
$13,750
6. Total Amount (Missouri) add Line 1 and Line 5
=
$113,750
7. Missouri Single Factor Apportionment
(Divide Line 6 by Line 4) Enter on Schedule MO-NRS, Parts 1 and 2,
Column (e).
=
89.216%
MO-MSS (09-2012)
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