IIT
April lived in Oregon for the entire year of 2018 but had $9,000 in Mo source income. She was not required to file a federal return. Will she be required to file a MO-1040?
No, she will not file a MO return
What would we need if gross rent paid is adjusted off the CRP?
5674
What is the Statute of limitations for STX payments?
10 years
What is the WH Compensation Deduction?
•A 2% Deduction for the first $5,000 in Withholding Annually.
•A 1% Deduction for the second $5,000 in Withholding Annually.
•A 0.5% Deduction for everything over $10,000.
What qualifies someone as being a MO Resident?
•maintained a domicile in Missouri or
•did not maintain a domicile in Missouri but did have a permanent living quarters and spent more than 183 days of the taxable year in Missouri
Verify in SSRS whether Frederick Pearson (2019165905759) was required to file for MO in 2018 and why
Yes, he made over $1200 in MO income and was a resident
Can I get Credit for a home I own but do not occupy?
No. The property tax credit can only be received for a home that you occupy
What is the timely discount?
All sales tax returns that are filed and paid by the required due date will receive a 2% timely discount of the tax due.
Where does a W3 get sent and how often?
Mail to:
Taxation Division
PO Box 3330
Jefferson City, MO 65105
Fax to: 573-522-6816
Email to: withholding@dor.mo.gov
It is submitted yearly.
000021278640022
Who would you be able to discuss confidential information with on this Account and what authorized them, or what would be needed if no one is authorized?
Composite Accounts can be discussed with anyone who can verify the account
How do I prevent my portion of the Refund from being offset to my Spouse’s Debt?
Non-Obligated Spouse Box
Why would we ask for a form 948 to be completed for a PTC claim?
•The Home Owner’s homestead includes Tax on their dwelling and surrounding land which exceeds 5 acres.
•The Home Owner owns a Mobile Home and the Tax is shown on their Personal Property Tax Receipt.
Are my sales made at Farmer’s Markets Taxable?
No, SB727 creates a Sales & Use Tax Exemption for Farm Products sold at Farmer’s Markets. The Exemption does not apply to Farm Products sold by a person or Entity with estimated total annual sales of $25,000 or more from participating in Farmer’s Markets.
IF someone receives home health care, who is responsible for filing the withholding returns?
The home health company reports the tax to us.
How can a TP Request a compliance letter if they are HB600??
They or a phone agent can email TCS income
How to request split Liability?
You must send in a written request to have your tax liability allocated separately between each spouse along with all your income documents (W2/1099s) for the year(s) you’re requesting the split. The DOR does not accept divorce decrees.
Can we issue a PTC claim to someone who lived in a tax exempt facility?
NO
What and When is the Show-Me Green Sales Tax Holiday?
Section 144.526, RSMo, establishes a Show Me Green Sales Tax Holiday for a 7 day period beginning at 12:01 a.m. on April 19th, and ending at midnight on April 25th. The Show Me Green Sales Tax Holiday exempts State Sales Tax from all Retail Sales of qualifying Energy Star certified new appliances, up to $1,500 per appliance.
If a transient employer has questions about their WH/Transient Employer account or the registration for a transient employer account, who will they contact?
They will be transferred to the transient employer line, 573-751-0459
What figure will a business use on the MO-1040 Line 1Y for a composite return?
total Missouri source income from the schedule
How do I know if my Military Income is Taxable to Missouri?
To determine if any Income for a Military Individual (and Spouse, if married) is Taxable to Missouri, you must first determine if Missouri is your Home Of Record.
What qualifies someone for a PTC claim?
Income and at least one of the following:
65 years of age or older
100% Disabled Veteran as a result of military service
100% Disabled
60 years of age or older and received Surviving Spouse Benefits
When would someone qualify for a form 2478, Exemption Certificate for sales of Handicraft Items? (hint: Check the form instructions)
They sell handicraft items made by themselves or their spouse, the sales do not make up the majority of their income, and they or their spouse are over 65 years old
What resource/reference guide do we put out for employers each year?
4282, Employer Withholding Guide
What is Corporate Income tax?
Corporate Income Tax is a Tax based on the Income made by the Corporation. The Corporation begins with Federal Taxable Income from the Federal Tax Return.