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Mississippi Business Income Apportionment Schedule
with TurboTaxExtracted from PDF file 2023-mississippi-form-83-125.pdf, last modified November 2023Business Income Apportionment Schedule
Reset Form Form 83-125-23-8-1-000 (Rev. 11/23) Print Form Mississippi Business Income Apportionment Schedule 2023 831252381000 FEIN PART I: COMPUTATION OF APPORTIONMENT FACTORS (ROUND TO FOUR DECIMAL PLACES) A Total Mississippi B Total Everywhere C Mississippi Ratio 1 Property factor a Beginning of taxable year b End of taxable year c Total (line 1a plus line 1b) d Average net book value of assets (divide line 1c by two) e Rental property (enter annual rental property multiplied by eight) f Total (line 1d plus line 1e) g Mississippi property factor (line 1f, column A divided by line 1f, column B) . % 2 Payroll factor (line 2, column A divided by line 2, column B) . % 3 Sales factor (line 3, column A divided by line 3, column B) . % . % . % . % . % PART II: APPLICATION OF APPORTIONMENT FACTORS (CHECK ONE) Retailing, renting, servicing, merchandising or wholesaling 4 Sales factor (from part I, line 3, column C) (enter ratio on Form 83-122, line 19) Manufacturers that sell principally at retail 5c Subtotal (line 5a plus line 5b) 5d Average (divide line 5c by two) 5e Sales factor (from part I, line 3, column C) . . . . . % % % % % 5f . % 5a Property factor (from part I, line 1g, column C) 5b Payroll factor (from part I, line 2, column C) Total (line 5d plus line 5e) 5g Weighted average (divide line 5f by two) (enter ratio on Form 83-122, line 19) Financial institutions, pipelines or manufacturers that sell principally at wholesale (for major medical or pharmaceutical suppliers, see instructions Form 83-100) 6b Payroll factor (from part I, line 2, column C) 6c Sales factor (from part I, line 3, column C) . . . % % % 6d Total (add lines 6a, 6b and 6c) . % 6a Property factor (from part I, line 1g, column C) 6e Average (divide line 6d by three) (enter ratio on Form 83-122, line 19) Airlines, motor carriers, express companies, telephone and telegraph companies 7 Special formula required (attach schedule and enter ratio on Form 83-122, line 19)
83125238.pdf
More about the Mississippi Form 83-125 Corporate Income Tax TY 2023
We last updated the Business Income Apportionment Schedule in February 2024, so this is the latest version of Form 83-125, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 83-125 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 83-105 | Corporate Income and Franchise Tax Return |
| Form 83-122 | Computation of Net Taxable Income Schedule |
| Form 83-180 | Application for Automatic Six Month Extension for Corporate Income & 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 83-125 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 83-125
We have a total of eleven past-year versions of Form 83-125 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2012 Form 83-125
Tax2012MS_83-125_20121003.pdf
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