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Mississippi Computation of Net Taxable Income Schedule
Extracted from PDF file 2023-mississippi-form-83-122.pdf, last modified November 2023Computation of Net Taxable Income Schedule
Reset Form Form 83-122-23-8-1-000 (Rev. 11/23) Mississippi Page 1 Print Form Net Taxable Income Schedule 2023 831222381000 R&D Expense Election FEIN Bonus Depreciation Election (ROUND TO THE NEAREST DOLLAR) COMPUTATION OF MISSISSIPPI NET TAXABLE INCOME 1 Federal taxable income (loss) before net operating loss deductions and special deductions (from federal Form 1120, page 1, line 28. If multistate direct accounting, enter zero and skip to line 23) 1 .00 STATE ADDITIONS TO FEDERAL TAXABLE INCOME 2 State, local or foreign government taxes based on income 2 .00 3 Interest on obligations of other states or political subdivisions (net of expenses) 3 .00 4 Depletion expense in excess of cost 4 .00 5 Federal capital loss carryover deduction 5 .00 6 Federal special depreciation allowance 6 .00 7 Other additions required by law (attach schedule) 7 .00 8 Total additions (add line 2 through line 7) 8 .00 9 .00 10 Wages reduced on federal return for federal employment tax credits 10 .00 11 Income (loss) from partnership, S corporation or trust 11 .00 12 Income (loss) from construction contracting or production of natural mineral resource products (net of expenses) 12 .00 13 Additional depreciation due to a difference in the depreciable base for federal and state purposes (attach schedule) 13 .00 14 Other deductions (attach schedule) 14 .00 15 15 .00 16 .00 17 Adjustment for nonbusiness income (loss) net of expenses (from Form 83-150, column E, line 2) 17 .00 18 Apportionable business income (loss) (line 16 minus line 17) 18 .00 19 Apportionment ratio (enter ratio and check box as shown on Form 83-125, part II) 19 STATE DEDUCTIONS FROM FEDERAL TAXABLE INCOME 9 Interest on obligations of the United States (net of expenses) Total deductions (add line 9 through line 14) APPORTIONMENT / ALLOCATION (MULTISTATE ONLY) If 100% Mississippi, complete line 16 then skip to page 2, line 20 16 Adjusted federal income (loss) (line 1 plus line 8 minus line 15) Sales retail Manufacturers retail Manufacturers (wholesale), Financial institutions, Pipelines, (for pharmaceutical suppliers, see instructions) Special Formula . % Form 83-122-23-8-2-000 (Rev. 11/23) Mississippi 831222382000 Page 2 Net Taxable Income Schedule 2023 FEIN APPORTIONMENT / ALLOCATION 20 Mississippi apportioned income(loss)(if 100% Mississippi, enter line 16, otherwise, multiply line 18 by line 19) 20 .00 21 Nonbusiness income (loss) allocated to Mississippi (from Form 83-150, column F, line 2) 21 .00 22 Mississippi income (loss) from partnership, S corporation or trust (attach Mississippi K-1s, Form 84-132) 22 .00 23 Mississippi income (loss) from construction contracting or production of natural mineral resource products (from Form 83-124, page 2, line 31 and/or page 3, line 46) 23 .00 24 Adjustments related to Mississippi tax credits claimed 24 .00 25 Mississippi capital loss carryover/carryback deduction (from Form 83-155, part II, line 2) 25 .00 26 Other adjustments (attach schedule) 26 .00 27 Income (loss) apportioned and allocated to Mississippi (add line 20 through line 26) 27 .00 28 Mississippi net operating loss deduction (from Form 83-155, part I, line 2) 28 .00 29 Income exemption (attach schedule; if not applicable enter zero) 29 .00 30 Mississippi net taxable income (loss) (line 27 minus line 28 and line 29. Enter on Form 83-105, line 5; If filing combined, enter income (loss) on Form 83-310. If negative, enter zero on Form 83-105, line 5) 30 .00 MISSISSIPPI TAXABLE INCOME
83122238.pdf
More about the Mississippi Form 83-122 Corporate Income Tax TY 2023
We last updated the Computation of Net Taxable Income Schedule in February 2024, so this is the latest version of Form 83-122, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 83-122 directly from TaxFormFinder. You can print other Mississippi tax forms here.
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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 83-122 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 83-122
We have a total of twelve past-year versions of Form 83-122 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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