Missouri Partnership Return of Income
Extracted from PDF file 2022-missouri-form-mo-1065.pdf, last modified November 2022
Partnership Return of IncomeReset Form Print Form Department Use Only Form MO-1065 (MM/DD/YY) 2022 Partnership Return of Income Missouri Partnership Return of Beginning Ending Income for 2022 (MM/DD/YY) (MM/DD/YY) Federal Employer Missouri Tax I.D. Number I.D. Number (if applicable) Partnership Name Address State City - ZIP Select Applicable Boxes. Failure to select the address change box may result in mailings going to the last address on file. Select this box if you have an approved federal extension. Attach a copy of the approved Federal Extension (Form 7004). Amended Return Name Change Address Change Final Return Composite Filing Instructions If you are a Limited Liability Company being taxed as a partnership, please select this box. 1. Does the Partnership have any Missouri modifications?.................................................................................... If Yes, complete Lines 1–13 on pages 1 and 2, and the partner information on page 3. Yes No 2. Does the Partnership have any nonresident partners?...................................................................................... If Yes, complete Lines 1–13 on pages 1 and 2, the partner information on page 3, and Form MO‑NRP. Yes No Partnership Adjustments Additions 1a. State and local income taxes deducted on Federal Form 1065...... 1a 1b. Less: Kansas City & St. Louis earnings taxes. Enter Lines 1a less 1b on Line 1....................................................... 1b . 00 . 00 1 . 00 2a. State and local bond interest (except Missouri).............................. 2a . 00 2b. Less: related expenses (omit if less than $500) Enter Line 2a less Line 2b on Line 2............................................... 2b 2 . 00 . 00 3. Partnership Fiduciary Other adjustments (list _______________________) 3 4. Donations claimed for the Food Pantry Tax Credit deducted from federal taxable income, Section 135.647, RSMo................................................................................................................... 4 . 00 . 00 5. Total of Lines 1 through 4................................................................................................................. 5 Subtractions 6a. Interest from exempt federal obligations.......................................... 6a . 00 . 00 6 . 00 7. Amount of any state income tax refund included in federal ordinary income.................................... 7 . 00 6b. Less: related expenses (omit if less than $500) Enter Line 6a less Line 6b on Line 6................................................. 6b Page 1 . 00 Partnership Adjustments Subtractions (continued) 8. Partnership Fiduciary Other adjustments (list _____________________________________________________) 8 . 00 9. Missouri depreciation basis adjustment (Section 143.121.3(7), RSMo)........................................... 9 . 00 10. Total Subtractions - Add Lines 6 through 9....................................................................................... 10 . 00 11. Missouri Partnership adjustment — Net Addition — excess Line 5 over Line 10.............................. 11 . 00 12. Missouri Partnership adjustment — Net Subtraction — excess Line 10 over Line 5......................... 12 . 00 13. Agriculture Disaster Relief (Section 143.121.3(10), RSMo)............................................................. 13 . 00 Under penalties of perjury, I declare that the above information and any attached supplement is true, complete, and correct. A Department Use Only S E R N I authorize the Director of Revenue or delegate to discuss my return and attachments with the preparer or any member of his or her firm, or if internally prepared, any member of the internal staff................................................................ Yes No Signature Signature of General Partner Printed Name Date Signed Telephone Number Preparer’s Signature (Including Internal Preparer) (MM/DD/YY) Preparer’s FEIN, SSN, or PTIN Address (City, State, Zip Code) Telephone Number Date Signed (MM/DD/YY) Did you pay a tax return preparer to complete your return, but they failed or were unwilling to sign the return or provide their Internal Revenue Service preparer tax identification number? If you marked yes, please insert their name, address, and phone number in the applicable sections of the signature block above. . . . . . . . . . . Page 2 Yes No Partnership Name Federal Employer I.D. Number Allocation of Missouri Partnership Adjustment to Partners 1. Name of each partner. All partners must be listed. Use attachment if necessary. 2. Select if partner is nonresident 3. Social Security Number 4. Partner’s Share % 5. Partner’s Adjustment Addition Subtraction a) % 00 b) % 00 c) % 00 d) % 00 e) % 00 f) % 00 g) % 00 h) % 00 i) % 00 j) % 00 k) % 00 l) % 00 m) % 00 n) % 00 o) % 00 p) % 00 q) % 00 r) % 00 s) % 00 Total % 00 Column 4 — Enter percentages from Federal Schedule K‑1(s). Round percentages to whole numbers. Column 5 — Enter Missouri Partnership adjustment from Form MO-1065, Line 5 or Line 10, as total of Column 5. Multiply each percentage in Column 4 by the total in Column 5. Indicate at the top of Column 5 whether the adjustments are additions or subtractions. The amount after each partner’s name in Column 5 must be reported as a modification by the partner on his or her Form MO-1040, Individual Income Tax Return, either as an addition to, or subtraction from, federal adjusted gross income. Mail to: Phone: Fax: Taxation Division P.O. Box 3000 Jefferson City, MO 65105-3000 (573) 751-1467 (573) 522-1762 E-mail: [email protected] Form MO-1065 (Revised 12-2022) Visit dor.mo.gov/taxation/business/tax-types/partnership/ for additional information. Ever served on active duty in the United States Armed Forces? If yes, visit dor.mo.gov/military/ to see the services and benefits we offer to all eligible military individuals. A list of all state agency resources and benefits can be found at veteranbenefits.mo.gov/state-benefits/. Page 3 Electronic Filing for Partnership Return of Income Partnerships may file Missouri Form MO-1065 Partnership Return of Income and attachments electronically. Missouri, in cooperation with the Internal Revenue Service (IRS), offers a joint federal and state electronic filing of partnership returns through Modernized E-File (MeF). This system has been developed through a cooperative effort between the IRS, states, and the software community. The system uses the latest electronic technology and industry standards. A partnership may visit the Department’s website at dor.mo.gov/taxation/business/tax-types/partnership/ for more information regarding electronic filing as well as a list of approved vendors that support partnership electronic filing. General Information Note: At the time the Department printed their tax booklets, the Internal Revenue Service had not finalized the federal income tax forms. Nonresident Partners Every partnership, including limited liability companies that are treated as a partnership by the Internal Revenue Service (IRS), must file Form MO-1NR, Income Tax Withheld for Nonresident Individual Partners or S Corporation Shareholders and send in copies of Form MO-2NR, Statement of Income Tax Payments for Nonresident Individual Partners or S Corporation Shareholders, if it has nonresident individual partners who do not meet one of the following exceptions: • the nonresident partner, not otherwise required to file a return, elects to have the Missouri income tax due paid as part of the partnership’s composite return; • the nonresident partner, not otherwise required to file a return, had Missouri assignable federal adjusted gross income from the partnership of less than twelve hundred ($1,200) dollars; • the partnership is liquidated or terminated, income was generated by a transaction related to termination or liquidation, and no cash or property was distributed in the current or prior taxable year. Short Form — Form MO-1065 If you select “No” on both questions 1 and 2 on Form MO-1065, attach a copy of Federal Form 1065 and all its schedules, including Schedule K-1. Sign Form MO-1065 and mail the return. A nonresident partner can request the partnership be exempt from withholding by filing a completed Form MO-3NR, Partnership or S Corporation Withholding Exemption or Revocation Agreement. This information is for guidance only and does not state the complete law. Who Must File Form MO-1065 Form MO-1065 must be filed, if Federal Form 1065 is required to be filed and the partnership has (1) a partner that is a Missouri resident or (2) any income derived from Missouri sources, Section 143.581, RSMo. Items of income, gain, loss, and deduction derived from, or connected with, sources within Missouri are those items attributable to (1) the ownership or disposition of any interest in real or tangible personal property in Missouri or (2) a business, trade, profession, or occupation carried on in Missouri. Income from intangible personal property, to the extent that such property is employed in a business, trade, profession, or occupation carried on in Missouri, constitutes income derived from sources within Missouri. If you select “Yes” on question 1 on Form MO-1065, Parts 1 and 2 must be completed. If you select “Yes” on question 2 on Form MO-1065, complete Form MO-NRP. Attach a copy of Federal Form 1065 and all its schedules, including Schedule K-1. Sign Form MO-1065 and mail the return. When and Where to File A Missouri partnership return should be completed after the federal partnership return is completed. The Missouri partnership return is due no later than the 15th day of the 4th month following the close of the taxable year. For partnerships operating on a calendar year basis, the partnership return is due on or before April 18, 2023. When the due date falls on a Saturday, Sunday, or legal holiday, the return will be considered timely if filed on the next business day. Please mail the return to: Missouri Department of Revenue, P.O. Box 3000, Jefferson City, MO 65105-3000. Period Covered by the Return Form MO-1065, Partnership Return of Income, must cover the same period as the corresponding Federal Form 1065. Indicate the period covered on the front of the return if other than a calendar year. Rounding on Missouri Returns You must round all cents to the nearest whole dollar on your return. For cents .01 through .49, round down to the previous whole dollar amount. For cents .50 through .99, round up to the next whole dollar amount. For your convenience, the zeros have already been placed in the cent columns on the returns. Credits Partners may be entitled to tax credits. These credits must be allocated to the partners’ percentage of ownership and reported on the Form MO-1040, Individual Income Tax Return. See Form MO-1040 and Form MO-TC instructions for further information. You may also access the information at dor.mo.gov/tax-credits/. Form MO-1NR must be filed by the due date or extended due date for filing the partnership income tax return. Form MO-3NR must be filed by the due date for filing the partnership income tax return without regard to an extension of time to file. Forms may be obtained by contacting: Missouri Department of Revenue, Taxation Division, P.O. Box 3022, Jefferson City, MO 65105-3022, calling (800) 877-6881 (TTY (800) 735-2966), or visiting the Department’s website at: dor.mo.gov/forms/. If you have technical questions concerning the filing of Form MO-1NR and Form MO-3NR, you may contact the Taxation Division at (573) 751-1467. Partnerships filing a composite return on behalf of their nonresident partners should mark the composite return box on Page 1 of the return. The composite return is filed on the Form MO-1040. Complete instructions can be found on the Department’s website at: dor.mo.gov/forms/5677_2022.pdf. Authorization Select the “yes” box for authorization of release of confidential information for the Director of Revenue or delegate to discuss this return and attachments with the preparer whose signature appears on the Form MO-1065 or to any member of his or her firm, or if internally prepared, any member of the internal staff. If the authorization box is selected “no”, or if no box is selected, the Department of Revenue can only discuss this return with a partner. Refer to Section 32.057(1), RSMo. Sign the Return Form MO-1065, Partnership Return of Income, must be signed by one of the partners of the partnership or one of the members of the joint venture or other enterprise. Any member or partner, regardless of position, may sign the return. Internet To obtain information and Missouri tax forms, access our web site at: dor.mo.gov. Americans With Disabilities Act (ADA) The state of Missouri offers a Dual Party Relay Service (DPRS) for speech or hearing impaired individuals in accordance with the Americans with Disabilities Act (ADA). An individual with a speech or hearing impairment may call a voice user at TTY (800) 735-2966 or fax (573) 526-1881. Page 4 The Missouri deduction will be the difference between the profit/loss as calculated on the schedule(s) filed with the federal return and the pro forma schedule(s) described above. Form MO-1065, Partnership Return of Income Instructions Missouri Partnership Adjustment The addition and subtraction items listed in this section are necessary Missouri modifications. Completion of the Partnership Adjustment section will result in the net Missouri partnership adjustment that will be allocated to the partners on page 3. The partner’s adjustment can only be made from information available from the partnership. It is necessary for each partnership having modifications to complete Form MO-1065, Partnership Adjustment section and Allocation of Missouri Partnership Adjustment to Partners section, and notify each partner of the adjustment to which he or she is entitled. Line 6a - Interest from Exempt Federal Obligations — Interest from direct obligations of the U.S. Government, such as U.S. savings bonds, U.S. treasury bills, bonds, and notes are exempt from state taxation under the laws of the United States. Attach a detailed list or all Federal Form 1099(s). Partnerships that claim an exclusion for interest from U.S. obligations must identify the specific securities owned, (e.g., U.S. savings bond). A general description, such as “interest on U.S. obligation” or “U.S. Government securities” is not accepable. (See 12 CSR 10-2.150 for the taxability of various U.S. Government-related obligations.) A list of exempt U.S. obligations must be provided to each partner by the partnership. This list will allow the partner to report the modification on his or her Form MO-1040, Individual Income Tax Return. A federally taxed distribution received from a mutual fund investing exclusively in direct U.S. Government obligations is exempt. If the mutual fund invests in both exempt (direct) and nonexempt (indirect) federal obligations, the deduction allowed will be the distribution received from the mutual fund attributable to the direct U.S. Government obligations, as determined by the mutual fund. A copy of the year-end statement received from the mutual fund showing the amount of monies received or the percentage of funds received from direct U.S. Government obligations or a summary statement received from the mutual fund which clearly identifies the exempt and nonexempt portions of the U.S. Government obligations interest, must be provided to each partner by the partnership. Note: Failure to attach a copy of the notification furnished to you that specifically details the amount of the subtraction being claimed as the distributive share will result in the disallowance of the deduction. Line 6b - Related Expenses — In arriving at the amount of related expenses, the taxpayer may use actual expenses or a reasonable estimate. In general, the taxpayer should use the same or similar method to that used to compute related expenses for federal income tax purposes, provided that the method reasonably reflects related expenses for Missouri-exempt income. If a taxpayer fails to compute reasonable related expenses, the Director of Revenue will make an adjustment based on the best information made available. If sufficient information is not made available or if the taxpayer’s records do not provide sufficient information, the Director of Revenue will use the following formula to compute related expenses: Exempt income x Expense items = Reduction to exempt income Total income The principal expense item in this formula is interest expense; however, the Director of Revenue may include other expense items because of the direct relationship to the production of exempt income. The taxpayer may propose an alternative method provided that it properly reflects the amount of related expenses. You must submit the financial statement, schedule(s), the medical license number (MED) and all federal schedule(s) with your Missouri Form MO-1040 to claim the deduction. Line 13 - Agriculture Disaster Relief — Enter the share of income received by a partnership as payment from any program which provides compensation to agricultural producers who have suffered a loss as the result of a disaster or emergency. You must attach a copy of the Form 1099 indicating your agricultural payment. Include a schedule with each partner’s name, identification number, ownership percentage, and their portion of the subtraction. A copy of this schedule (or its information) must be provided to each partner. The amount indicated after each partner’s name must be reported as a modification on his or her Form MO-1040, Individual Income Tax Return, Part 1 of the Form MO-A, Line 16. Each partner must attach an explanation for the adjustment to his or her form. For partners who are companies or trusts, this amount must be reported on their respective forms. Allocation of Missouri Partnership Adjustment to Partners This section indicates the portion of the Missouri adjustment from Partnership Adjustments section that is allocated to each partner. Column 4 and the instructions for Column 5 are based upon the usual situation that a single general profit and loss sharing percentage applies to all partnership items and related modifications. Attach a detailed explanation (including extracts from the partnership agreement) if the Column 5 amounts are not based upon the same single percentage allocation indicated on Federal Form 1065, Schedule K-1. The explanation must include the non tax purposes and effects of the special allocation method. Column 1 - Enter the name of each partner, attach additional sheets if needed. Column 2 - Indicate if the partner is a nonresident to the state of Missouri by marking the box. Column 3 - Enter the partner’s social security number. If the partner is another company or trust, enter the federal identification number. Column 4 - Enter percentage from Federal Form 1065, Schedule K-1. Round the percentage to the nearest whole number. Column 5 - Enter Missouri partnership adjustment from the Partnership Adjustment section, Line 11 or Line 12 on Total line. Enter each partner’s allocated portion on their respective line by multiplying the percentage in Column 4 by the Total line in Column 5. Indicate at the top of Column 5 whether the adjustments are either additions or subtractions by marking the appropriate box. A copy of this part (or its information) must be provided to each partner. The amount indicated after each partner’s name in Column 5 must be reported as a modification on his or her Form MO-1040, Individual Income Tax Return, Part 1 of the Form MO-A as a partnership addition on Line 2 or subtraction on Line 11, to the federal adjusted gross income. Each partner must attach an explanation for the adjustment to his or her form. For partners who are companies or trust, this amount must be reported on their respective forms. Line 8 - Other Recreational Marijuana Business Deduction. Enter the amount of any expenditure that is eligible to be claimed as a federal income tax deduction but is disallowed by section 280E of the Internal Revenue Code. Calculating this deduction, you must provide a financial statement/federal schedule(s) for business profit or loss that the federal government was unable to allow as a deduction for marijuana business, as marijuana is a controlled substance under federal law. Page 5
Form MO-1065 - 2022 Partnership Return of Income
More about the Missouri Form MO-1065 Corporate Income Tax Tax Return TY 2022
We last updated the Partnership Return of Income in January 2023, so this is the latest version of Form MO-1065, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form MO-1065 directly from TaxFormFinder. You can print other Missouri tax forms here.
Other Missouri Corporate Income Tax Forms:
|Form Code||Form Name|
|Form MO-1120S||S Corporation Income Tax Return|
|Form MO-1120||Corporation Income Tax/Franchise Tax Return and Form MO-FT|
|Form MO-7004||Application for Extension of Time to File|
|Form MO-1041||Missouri Fiduciary Income Return and Instructions|
|Form MO-NRP||Nonresident Partnership Form|
Missouri usually releases forms for the current tax year between January and April. We last updated Missouri Form MO-1065 from the Department of Revenue in January 2023.
Form MO-1065 is a Missouri Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
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 Missouri Form MO-1065
We have a total of twelve past-year versions of Form MO-1065 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Form MO-1065 - 2022 Partnership Return of Income
Form MO-1065 - 2021 Partnership Return of Income
Form MO-1065 - 2020 Partnership Return of Income
Form MO-1065 - 2019 Partnership Return of Income
Form MO-1065 - 2018 Partnership Return of Income
Form MO-1065 - 2017 Partnership Return of Income
Form MO-1065 - 2016 Partnership Return of Income
Form MO-1065 - 2014 Partnership Return of Income
Form MO-1065 - 2014 Partnership Return of Income
Form MO-1065 2013 Partnership Return of Income
MO-1065 Partnership Return of Income
MO-1065 Partnership Return of Income
While we do our best to keep our list of Missouri Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.