Fillable Form Mo-Nrs - S Corporation Nonresident (Page 3 of 3) in pdf

Form MO-NRS must be completed and a copy (or its information) supplied to the nonresident shareholder when the S corporation has:

(1) a nonresident shareholder; and (2) the S corporation has income from Missouri sources. Do not complete the Form MO-NRS, if all

shareholders are Missouri residents.

The nonresident shareholder must report his or her share of the Missouri income and Missouri source modifications indicated on Form MO-NRS

on his or her

Form MO-1040

and

Form

MO-NRI.

Any questions concerning the Form MO-1040 or Form MO-NRI should be directed to Individual Income Tax at (573) 751-3505. Any questions

concerning Subchapter S corporation distribution withholding or shareholder composite re turns should be directed to: Department of Revenue,

Taxation Division, P.O. Box 2200, Jefferson City, MO 65105-2200 or call (573) 751-1467.

Part 1 — S Corporation’s Distributive Share Items

1. Enter nonresident shareholder’s name and Social Security Number from Federal Form 1120S, Schedule K-1, for each nonresident. Enter

the corporation’s Federal Employer Identification Number. Complete a separate Form MO-NRS for each nonresident shareholder.

2. Column (a): Enter the amount from Federal Form 1120S, Schedule K. Note that the Form MO-NRS, Part 1, line numbers and items

match the Federal Form 1120S, Schedules K and K-1. Amounts in Column (a) must be analyzed to determine whether all or part of

each amount is from Missouri sources. These include amounts attributable to the ownership or disposition of any Missouri property

and business income that is attributable to Missouri sources. Whether nonbusiness income is attributable to Missouri sources is often

determined by whether the property sold or producing income was located in Missouri.

Business or ordinary income is wholly attributable to Missouri if the business is only carried on in Missouri. If not carried on only in Missouri,

the income must be divided between Missouri and other state(s). See instructions for

Form

MO-MSS.

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

4. Column (c): Enter the percent from Form MO-MSS, Line 4.

5. Column (d): Enter the amount from Federal Form 1120S, Schedule K-1 for each nonresident shareholder.

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

Note: The items from Form MO-NRS, Part 1, Column (e), that are to be income or losses should be entered on the Form MO-NRI, as Missouri

source income. These amounts must be adjusted by any capital gain or passive loss limitation as required.

Part 2 — Share of Missouri - S Corporation Adjustment - Nonresident Shareholders

Do not complete Part 2 of Form MO-NRS if the “Missouri S Corporation Adjustment” and the “Allocation of Missouri S Corporation Adjustment

to Shareholders” on

Form MO-1120S

were not completed.

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

2. Columns (b) and (c): Amounts in Column (a) must be analyzed to determine whether all or part of each amount is from Missouri sources.

See instructions for Form MO-MSS.

3. Column (d): Copy amount of each nonresident shareholder’s S corporation adjustment from Form MO-1120S, Page 2, Column 5.

4. Column (e): Enter in Column (e) the portion of the amount in Column (d) that is from Missouri sources. Generally, this is determined by

multiplying each shareholder’s Column (d) amount by the percent in Column (c). Attach a detailed explanation, if any other method is used.

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

Form

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 (573) 751-5860.

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

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

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

Charter Number, call (866) 223-6535.

MO-FT?

Have you verified all math calculations?

The Federal Privacy Act requires the Missouri Department of Revenue (Department) to inform taxpayers of the Department’s legal authority

for requesting identifying information, including social security numbers, and to explain why the information is needed and how the information

will be used.

Chapter 143

of the Missouri Revised Statutes authorizes the Department to request information necessary to carry out the tax laws of the state

of Missouri. Federal law 42 U.S.C. Section 405 (c)(2)(C) authorizes the states to require taxpayers to provide social security numbers.

The Department uses your social security number to identify you and process your tax returns and other documents, to determine and collect

the correct amount of tax, to ensure you are complying with the tax laws, and to exchange tax information with the Internal Revenue Service,

other states, and the Multistate Tax Commission (Chapters

and 143, RSMo). In addition, statutorily provided non-tax uses are: (1) to provide

information to the Department of Higher Education with respect to applicants for financial assistance under

Chapter 173, RSMo

and

(2) to offset refunds against amounts due to a state agency by a person or entity (Chapter 143, RSMo). Information furnished to other

agencies or persons shall be used solely for the purpose of administering tax laws or the specific laws administered by the person

having the statutory right to obtain it [as indicated above]. In addition, information may be disclosed to the public regarding the

name of a tax credit recipient and the amount issued to such recipient

(Chapter 135,

RSMo). (For the Department’s authority to

prescribe forms and torequire furnishing of social security numbers, see Chapters 135, 143, and 144, RSMo.)

You are required to provide your social security number on your tax return. Failure to provide your social security number or

providing a false social security number may result in criminal action against you.

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Form Mo-Nrs - S Corporation Nonresident Page 3

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