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Mississippi Balance Sheet - Use Copy of Federal Sch L
with TurboTaxExtracted from PDF file 2023-mississippi-form-83-120.pdf, last modified November 2023Balance Sheet - Use Copy of Federal Sch L
Reset Form Print Form Form 83-120-23-8-1-000 (Rev. 11/23) Mississippi Balance Sheet Per Books SCHEDULE L - BALANCE SHEETS PER BOOKS ASSETS 1 Cash .................................................................................... 2a Trade notes and accounts receivable ............................... FEIN End of Tax Year Beginning of Tax Year (A) (B) (C) (D) ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) b Less allowance for bad debts ........................................... ( 3 Inventories .......................................................................... 4 U.S. government obligations ............................................... 5 Tax-exempt securities (see instructions) ............................ 6 Other current assets (attach statement) ............................. 7 Loans to shareholders ........................................................ 8 Mortgage and real estate loans .......................................... 9 Other investments (attach statement) ................................ 10a Buildings and other depreciable assets .......................... b Less accumulated depreciation ...................................... 11a Depletable assets ........................................................... b Less accumulated depletion ........................................... 12 Land (net of any amortization) .......................................... 13a Intangible assets (amortizable only) ............................... b Less accumulated amortization ...................................... 14 Other assets (attach statement) ....................................... 15 Total assets ...................................................................... LIABILITIES AND SHAREHOLDERS' EQUITY 16 Accounts payable ............................................................. 17 Mortgages, notes, bonds payable in less than 1 year ...... 18 Other current liabilities (attach statement) ........................ 19 Loans from shareholders .................................................. 20 Mortgages, notes, bonds payable in 1 year or more ........ 21 Other liabilities (attach statement) .................................... 22 Capital stock: a Preferred stock ........................................ b Common stock ....................................... 23 Additional paid-in capital ................................................... 24 Retained earnings—Appropriated (attach statement) ...... 25 Retained earnings—Unappropriated ................................ 26 Adjustments to shareholders’ equity (attach statement) ... 27 Less cost of treasury stock ............................................... 28 Total liabilities and shareholders’ equity ........................... ( ) ( SCHEDULE M-1, RECONCILIATION OF INCOME (LOSS) PER BOOKS WITH FEDERAL INCOME PER RETURN Note: The corporation may be required to file Schedule M-3. See instructions. 1 Net income (loss) per books ............................................... 7 Income recorded on books this year not included on this return (itemize): 2 Federal income tax per books ............................................ 3 Excess of capital losses over capital gains ......................... Tax-Exempt interest $ 4 Income subject to tax not recorded on books ..................... this year (itemize): 5 Expenses recorded on books this year not deducted on this return (itemize): a Depreciation ....................... $ b Charitable contributions ..... $ c Travel and entertainment ... $ 8 Deductions on this return not charged against book income this year (itemize): a Depreciation ..................$ b Charitable contributions $ 9 Add lines 7 and 8 ..................................... 6 Add lines 1 through 5 .......................................................... 10 Income (page 1, line 28) line 6 less line 9 SCHEDULE M-2, ANALYSIS OF UNAPPROPRIATED RETAINED EARNINGS PER BOOKS (LINE 25, SCHEDULE L) 1 Balance at beginning of year .............................................. 2 Net income (loss) per books ............................................... 3 Other increases (itemize): Distributions: a Cash .......................... b Stock ......................... c Property ..................... 4 Add lines 1,2, and 3 ............................................................ Other decreases (itemize): Add lines 5 and 6 ................................. Balance at end of year (line 4 less line 7) )
83120238.pdf
More about the Mississippi Form 83-120 Corporate Income Tax TY 2023
We last updated the Balance Sheet - Use Copy of Federal Sch L in February 2024, so this is the latest version of Form 83-120, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 83-120 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 83-120 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 83-120
We have a total of eleven past-year versions of Form 83-120 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2012 Form 83-120
Tax2012MS_83-120_20120628.pdf
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