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Mississippi Direct Accounting Income Statement
Extracted from PDF file 2023-mississippi-form-83-124.pdf, last modified November 2023Direct Accounting Income Statement
Reset Form Form 83-124-23-8-1-000 (Rev. 11/23) Mississippi Direct Accounting Income Statement 2023 831242381000 Print Form Page 1 FEIN Producers of mineral or natural resource products should complete lines 1 through 31. Multistate construction contractors complete lines 32 through 46. INCOME 1 (ROUND TO THE NEAREST DOLLAR) Gross receipts or sales .00 Less: returns and allowances .00 1 .00 2 Cost of goods sold and/or operations (attach schedule) 2 .00 3 Gross profit (line 1 minus line 2) 3 .00 4 Dividends (attach schedule) 4 .00 5 Interest 5 .00 6 Gross rents 6 .00 7 Gross royalties 7 .00 8 Allocable capital gain (attach schedule) 8 .00 9 Allocable net gain (loss) (attach schedule) 9 .00 10 Other income (loss) (attach schedule) 10 .00 11 Total income (add line 3 through line 10) 11 .00 12 Compensation of officers 12 .00 13 Salaries and wages 13 14 Repairs 14 15 Bad debts 15 16 Rents 16 17 Taxes (attach schedule) 17 18 Interest 18 19 Contributions 19 DEDUCTIONS 20a Total depreciation 20a .00 20b Depreciation claimed on return 20b .00 21 Depreciation balance claimed (line 20a minus 20b) 21 .00 .00 .00 .00 .00 .00 .00 .00 Form 83-124-23-8-2-000 (Rev. 11/23) Mississippi 831242382000 Direct Accounting Income Statement 2023 Page 2 FEIN 22 Depletion 22 .00 23 Advertising 23 .00 24 Pension, profit-sharing, plans, etc. 24 .00 25 Employee benefit programs 25 .00 26 Other deductions (attach schedule) 26 .00 27 Total deductions (add line 12 through line 19 and line 21 through line 26) 27 .00 28 Net direct income (loss) (line 11 minus line 27) 28 .00 29 Non-allocable business income (loss) (including ordinary/capital gains apportioned to Mississippi using a sales to sales ratio; attach schedule) 29 .00 30 Non-allocable general and administrative expenses (apportioned to Mississippi using a sales to sales ratio; attach schedule) 30 .00 31 Net income (loss) (line 28 plus line 29 minus line 30; enter on Form 83-122, line 23) 31 .00 32 Gross receipts or gross sales from jobs in Mississippi 32 .00 33 Adjustments (attach schedule) 33 .00 34 Direct cost from jobs in Mississippi 34 .00 35 Mississippi gross profit (line 32 plus line 33 minus line 34) 35 .00 36 Total company non-allocable business income (attach schedule) 36 .00 37 Total Mississippi sales (line 32 plus other Mississippi business income) 37 .00 38 Total company sales (total sales from jobs and other business income) 38 .00 39 Ratio (divide line 37 by line 38) 39 40 Mississippi non-allocable business income (multiply line 36 by line 39) 40 NET INCOME GROSS PROFIT Only multistate construction contractors complete lines 32 through 46 ADD: NON-ALLOCABLE BUSINESS INCOME . % .00 Form 83-124-23-8-3-000 (Rev. 11/23) Mississippi 831242383000 Direct Accounting Income Statement 2023 Page 3 FEIN DEDUCT: NON-ALLOCABLE GENERAL AND ADMINISTRATIVE EXPENSES 41 Total company non-allocable general and administrative expenses (attach schedule) 41 .00 42 Mississippi direct cost 42 .00 43 Total company direct cost 43 .00 44 Ratio (divide line 42 by line 43) 44 45 Mississippi non-allocable general and administrative expenses (multiply line 41 by line 44) 45 .00 46 Net income (loss) (line 35 plus line 40 minus line 45; enter on Form 83-122, line 23) 46 .00 . %
83124238.pdf
More about the Mississippi Form 83-124 Corporate Income Tax TY 2023
We last updated the Direct Accounting Income Statement in February 2024, so this is the latest version of Form 83-124, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 83-124 directly from TaxFormFinder. You can print other Mississippi tax forms here.
Other Mississippi Corporate Income Tax Forms:
TaxFormFinder has an additional 36 Mississippi income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 81-110 | Fiduciary Return |
| Form 83-100 | Corporate Income Instructions |
| Form 84-401 | Tax Credit Summary Schedule |
| Form 84-132 | Schedule K-1 (Pass Through) |
| Form 83-105 | Corporate Income and Franchise Tax Return |
View all 37 Mississippi Income Tax Forms
Form Sources:
Mississippi usually releases forms for the current tax year between January and April. We last updated Mississippi Form 83-124 from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Mississippi Form 83-124
We have a total of twelve past-year versions of Form 83-124 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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