Get Net Profits License Fee Return Harrison County Tax Administrator

This guide provides comprehensive instructions on completing the Net Profits License Fee Return for the Harrison County Tax Administrator online. By following these steps, users can ensure that they accurately report their business's net profits for tax purposes.

Follow the steps to complete your license fee return effortlessly.

1. Click ‘Get Form’ button to obtain the form and open it for completion.
2. Begin by filling out the nature of your business in the designated field. Provide a brief description that clearly represents your business activities.
3. Indicate the date your business started operating in Harrison County. This information is required to establish your business's timeline.
4. If your business has been discontinued, specify the date of dissolution or sale. If applicable, include the name and address of the successor to your business.
5. Answer whether your business had employees in Harrison County by selecting 'Yes' or 'No.' This information is critical for tax purposes.
6. Identify the basis upon which your tax return is prepared, such as C-Corp, S-Corp, Partnership, or Sole Proprietorship.
7. Select the business type from the options provided, including fiduciary or estate, and specify any other type if it doesn't fit the listed categories.
8. Respond to whether the IRS has changed your net income as originally reported for any prior year. Attach a schedule of changes for each affected year if applicable.
9. Fill in your account number along with the calendar or fiscal year ending date.
10. Complete Section A by reporting your net business income as per your Federal Tax Return and listing any non-deductible items in line 2.
11. Calculate the total by adding the figures from line 1 and line 2, and report this in line 3.
12. Deduct any items not subject as indicated in line 4, and derive your adjusted net business income in line 5.
13. If applicable, enter the average percentage in line 6, and calculate the net profits subject to the license fee by multiplying line 5 with line 6.
14. Determine the license fee in line 8, which is 1.5% of the value in line 7.
15. Calculate any interest in line 9 and total all applicable charges in line 11.
16. Report any previous balances due in line 12 and deduct any claims or credits in line 13.
17. Finally, calculate the balance due in line 14 which is the amount to be paid.
18. Certify that the information provided is accurate by providing your signature, title, and date.
19. Once completed, save your changes, and download a copy for your records. If needed, you can also print or share the form.

Start filing your Net Profits License Fee Return online today to ensure timely submission!