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Missouri Free Printable Form MO-BTC - Bank Tax Credit for S Corporation Shareholders for 2020 Missouri Bank Franchise Tax Credit Claim

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Bank Franchise Tax Credit Claim
Form MO-BTC - Bank Tax Credit for S Corporation Shareholders

Reset Form Print Form Department Use Only Form MO-BTC (MM/DD/YY) Bank Tax Credit for S Corporation Shareholders Reporting Period (MM/YY) Shareholder Missouri Tax I.D. Federal Employer Number I.D. Number Social Security Number Shareholder’s Name ZIP Corporation Address City Missouri Tax Federal Employer I.D. Number I.D. Number State Code State Code Corporation’s Name ZIP Address City Bank Tax Credit: Shareholders of S corporations that are banks or bank holding companies, savings & loan associations, and credit institutions are allowed to take a tax credit that is equal to their pro rata share of the financial institution tax paid by the S corporation. If you are filing a joint Missouri Individual Income Tax Return, the Bank Tax Credit will only be applied against the tax liability of the taxpayer listed as a shareholder of the S corporation. 1. Enter the tax amount from one of the following returns: Bank Franchise Tax Amount (from Form INT-2, Line 21 less Line 22) Savings & Loan Association Tax Amount (from Form INT-3, Line 21) Credit Institution Tax Amount (from Form 2823, Line 23)................................................................... 1 2. Enter Ownership Percentage ............................................................................................................. 2 3. Bank Tax Credit - Multiply Line 1 by Line 2. Enter on the Form MO-TC. If this credit amount exceeds the Missouri income tax liability, the remaining credit may be carried forward 5 years ................................................................................................ 3 00 . % 00 Attach your completed Form MO-BTC with your Missouri Income Tax Return. Also enclose Form MO-TC, copies of Federal Schedule K-1, and a copy of one of the following returns: Missouri Bank Franchise Tax Return, Savings & Loan Association Tax Return, or Credit Institutions Tax Return. Form MO-BTC (Revised 12-2019) Taxation Division Individual Income Tax P.O. Box 27 Jefferson City, MO 65105-0027 Taxation Division Business Tax P.O. Box 3365 Jefferson City, MO 65105-3365 Phone: (573) 751-3220 TTY: (800) 735-2966 Fax: (573) 751-2195 E-mail: [email protected] Visit http://dor.mo.gov/taxcredit/btc.php for additional information. *17101010001* 17101010001
Extracted from PDF file 2019-missouri-form-mo-btc.pdf, last modified May 2019

More about the Missouri Form MO-BTC Corporate Income Tax Tax Credit TY 2019

We last updated the Bank Franchise Tax Credit Claim in March 2020, so this is the latest version of Form MO-BTC, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form MO-BTC directly from TaxFormFinder. You can print other Missouri tax forms here.

Other Missouri Corporate Income Tax Forms:

TaxFormFinder has an additional 61 Missouri income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form MO-1120 Corporation Income Tax/Franchise Tax Return and Form MO-FT
Form MO-1065 Partnership Return of Income
Form MO-1120S S Corporation Income Tax Return
Form MO-1041 Missouri Fiduciary Income Return and Instructions
Form MO-7004 Application for Extension of Time to File

Download all MO tax forms View all 62 Missouri Income Tax Forms

Form Sources:

Missouri usually releases forms for the current tax year between January and April. We last updated Missouri Form MO-BTC from the Department of Revenue in March 2020.

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Form MO-BTC is a Missouri Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

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-BTC

We have a total of eight past-year versions of Form MO-BTC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2019 Form MO-BTC

Form MO-BTC - Bank Tax Credit for S Corporation Shareholders

2018 Form MO-BTC

Form MO-BTC - Bank Tax Credit for S Corporation Shareholders

2017 Form MO-BTC

Form MO-BTC - Bank Tax Credit for S Corporation Shareholders

2016 Form MO-BTC

Form MO-BTC - Bank Tax Credit for S Corporation Shareholders

2015 Form MO-BTC

Form MO-BTC - Bank Tax Credit for S Corporation Shareholders

Bank Franchise Tax Credit Claim 2014 Form MO-BTC

Form MO-BTC - Bank Tax Credit for S Corporation Shareholders

Bank Franchise Tax Credit Claim 2013 Form MO-BTC

Form MO-BTC Bank Tax credit for S Corporation Shareholders

2012 Form MO-BTC

MO-BTC Bank Tax Credit for S Corporation Shareholders

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Source: http://www.taxformfinder.org/missouri/form-mo-btc