Fillable Schedule Mo-Nrs - S Corporation Nonresident Schedule (Page 2 of 2) in pdf

MO-NRS

utable to Missouri sources is often determined by whether the

chedule

property sold or producing income was located in Missouri.

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Business or ordinary income is wholly attributable to Missouri

ORpORatiON

if the business is only carried on in Missouri. If not carried on

only in Missouri, the income must be divided between Mis-

ONReSideNt

ORM

souri and other states. See instructions for Schedule MO-MSS.

3. Column (b): Multiply the amount in Column (a) by the percent

Instructions

in Column (c) and enter in Column (b).

4. Column (c): Enter the percent from Schedule MO-MSS.

Schedule MO-NRS must be completed and a copy (or its information)

supplied to the nonresident shareholder when the S corporation has:

5. Column (d): Enter the amount from Federal Form 1120S,

(1) a nonresident shareholder; and (2) the S corporation has income

Schedule K-1 for each nonresident shareholder.

from Missouri sources. Omit Schedule MO-NRS, if all shareholders

6. Column (e): Multiply the amount in Column (d) times the

are Missouri residents.

percent in Column (c).

The nonresident shareholder must report his/her share of the Mis-

Note: The items from Schedule MO-NRS, Part 1, Column (e), that

souri income and Missouri source modifications indicated on Sched-

are to be income or losses should be entered on the Form MO-NRI,

ule MO-NRS on his/her Form MO-1040 and Form MO-NRI. Any

as Missouri source income. These amounts must be adjusted by

questions concerning the Form MO-1040 or Form MO-NRI should

any capital gain or passive loss limitation as required.

be directed to Individual Income Tax at (573) 751-3505. Any ques-

tions concerning Subchapter S corporation distribution withholding

PART 2

or shareholder composite re turns should be directed to: Department

of Revenue, Taxation Division, P.O. Box 2200, Jefferson City, MO

haRe OF

iSSOuRi

65105-2200 or call (573) 751-1467.

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ORpORatiON

djuStMeNt

PART 1

ONReSideNt

haRehOldeRS

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iStRibutive

Omit Part 2 of Schedule MO-NRS if the “Missouri S Corporation

Adjustment” and the “Allocation of Missouri S Corporation Adjust-

haRe

teMS

ment to Shareholders” on Form MO-1120S were not completed.

1. Enter nonresident shareholder’s name and Social Security

1. Column (a): Copy amounts from MO-1120S, Lines 1a–14.

Number from Federal Form 1120S, Schedule K-1, for each

2. Columns (b) and (c): Amounts in Column (a) must be ana-

nonresident.

Enter the corporation’s Federal I.D. Number.

lyzed to determine whether all or part of each amount is from

Complete a separate Schedule MO-NRS for each nonresident

Missouri sources. See instructions for Schedule MO-MSS.

shareholder.

3. Column (d): Copy amount of each nonresident sharehold-

2. Column (a): Enter the amount from Federal Form 1120S, Sched-

er’s S corporation adjustment from Form MO-1120S, Page 2,

ule K. Note that the Schedule MO-NRS, Part 1, line numbers

Column 5.

and items match the Federal Form 1120S, Schedules K and K-1.

Amounts in Column (a) must be analyzed to determine whether

4. Column (e): Enter in Column (e) the portion of the amount

all or part of each amount is from Missouri sources. These

in Column (d) that is from Missouri sources. Generally, this

is determined by multiplying each shareholder’s Column (d)

include amounts attributable to the ownership or disposition

amount by the percent in Column (c). Attach a detailed expla-

of any Missouri property and business income that is attribut-

able to Missouri sources. Whether nonbusiness income is attrib-

nation, if any other method is used.

Final Checklist Before Mailing

Was the Form MO-1120S signed by an officer of the

Did you receive an extension of time to file your return? If so,

corporation?

have you attached a copy of the federal extension?

Did you review your completed return?

Have you attached a copy of the federal form and supporting

schedules?

Are the corporation name, address, and identification numbers

correctly shown on the return?

Did you attach a copy of your Balance Sheet (Federal Form

1120S, Schedule L, and supporting schedules)?

Did you complete all parts of the return?

Have you addressed your envelope to the proper address?

Did you complete the Schedule MO-FT, if liable to pay

Corporation Franchise Tax?

Did you enter your Missouri Tax I.D. Number?

If you do not know your Missouri Tax I.D. Number, an officer

Did you check Box A on Form MO-1120S if your assets in or

must call Business Registration at

apportioned to Missouri are equal to or less than $10,000,000?

(573) 751-5860.

Is your filing period shown on Form MO-1120S and Schedule

Did you enter your Charter Number? If you do not know your

MO-FT?

Charter Number, call (866) 223-6535.

Have you verified all math calculations?

Federal Privacy Notice

The Department uses your social security number to

be used solely for the purpose of administering tax laws

identify you and process your tax returns and other docu-

or the specific laws administered by the person having the

The Federal Privacy Act requires the Missouri Department

ments, to determine and collect the correct amount of

statutory right to obtain it [as indicated above]. In addi-

of Revenue (Department) to inform taxpayers of the

tax, to ensure you are complying with the tax laws, and

tion, information may be disclosed to the public regard-

Department’s legal authority for requesting identifying

to exchange tax information with the Internal Revenue

ing the name of a tax credit recipient and the amount

information, including social security numbers, and to

Service, other states, and the Multistate Tax Commission

issued to such recipient (Chapter 135, RSMo). (For the

explain why the information is needed and how the infor-

(Chapters 32 and 143, RSMo). In addition, statutorily

Department’s authority to prescribe forms and to require

mation will be used.

provided non-tax uses are: (1) to provide information

furnishing of social security numbers, see Chapters 135,

Chapter 143 of the Missouri Revised Statutes authorizes

to the Department of Higher Education with respect to

143, and 144, RSMo.)

the Department to request information necessary to carry

applicants for financial assistance under Chapter 173,

You are required to provide your social security number

out the tax laws of the state of Missouri. Federal law

RSMo and (2) to offset refunds against amounts due to a

on your tax return. Failure to provide your social security

42 U.S.C. Section 405 (c)(2)(C) authorizes the states to

state agency by a person or entity (Chapter 143, RSMo).

number or providing a false social security number may

require taxpayers to provide social security numbers.

Information furnished to other agencies or persons shall

result in criminal action against you.

This form is available upon request in alternative accessible format(s).

Schedule Mo-Nrs - S Corporation Nonresident Schedule Page 2

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