PURPOSE: This rule sets certain instructions relating to the time and place for filing corporate tax returns and the requirement of submitting copies of federal consolidated income tax returns are assigned a rule number in order to comply with the uniform procedures adopted by the secretary of state under section 536.023, RSMo. No changes in the substantive effect of the instructions have been made.
- (1) Time and Place for Filing Returns and Payment of Taxes. Corporation income tax returns shall be filed on or before the fifteenth day of the fourth month following the close of the taxpayer’s taxable year except where the taxpayer is an exempt organization. Exempt organizations shall have the same due date as set by the Internal Revenue Code of 1986, as amended. A person required to make and file a return, on the same day without assessment notice or demand, shall pay any tax due to the Director of Revenue. Installment payments may not be made. Returns must be mailed to the Department of Revenue, P.O. Box 700, Jefferson City, MO 65105-0700.
- (2) Consolidated Federal Income Tax Returns Required—When. A corporation which participates in the filing of a consolidated federal income tax return (if no Missouri consolidated return is filed) shall determine its federal taxable income as if it had filed a separate federal income tax return for the year. The corporation shall attach to its Missouri Form MO-1120 a copy of a federal Form 1120, together with all pertinent schedules, where its separate federal taxable income is computed. One (1) complete copy of the actual consolidated federal income tax return for the year, together with all pertinent schedules, shall be submitted by the parent corporation, and all subsidiary members filing a separate Missouri return shall attach a statement to the return where the consolidated return of the group is incorporated by reference.
AUTHORITY: sections 143.511, 143.571 and 143.961, RSMo 1994.* This rule was con- 12 CSR 10-2 tained in the general instructions of the corporation income tax booklet filed Feb. 10, 1975, effective Feb. 20, 1975. Emergency amendment filed Jan. 20, 1995, effective Jan. 30, 1995, expired May 29, 1995. Amended: Filed Jan. 20, 1995, effective July 30, 1995.
*Original authority: 143.511, RSMo 1972, amended 1994 and 143.571 and 143.961, RSMo 1972.