We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept
Loading
Form preview
  • US Legal Forms
  • Form Library
  • More Forms
  • More Uncategorized Forms
  • Form 86-387-07-1 (rev

Get Form 86-387-07-1 (rev

Form 86387071 (Rev. 7/07) Mississippi Withholding on Partnership Income Route to IIT DO NOT STAPLE Amount of partnership 's net gain or profit $ , , Amount of State Tax withheld and remitted with.

How it works

  1. Open form

    Open form follow the instructions

  2. Easily sign form

    Easily sign the form with your finger

  3. Share form

    Send filled & signed form or save

How to fill out the Form 86-387-07-1 (Rev) online

This guide provides clear instructions on how to complete the Form 86-387-07-1 (Rev) for Mississippi withholding on partnership income. Whether you are a seasoned professional or a first-time user, these steps will assist you in filling out the form accurately and effectively.

Follow the steps to complete the form successfully.

  1. Press the ‘Get Form’ button to access the form and open it in your preferred editor.
  2. In the first section, enter the amount of the partnership's net gain or profit in the designated field. Use the format of dollars and cents to ensure clarity.
  3. Next, fill in the amount of state tax withheld and remitted with this voucher. Again, ensure you use the correct dollar and cent formatting.
  4. Indicate the partner's percentage of ownership. This should be expressed as a percentage.
  5. Enter the tax year for which you are filing the form in the specified field.
  6. Provide the Federal Employer Identification Number (EIN) for the partnership. This is a critical identifier for tax purposes.
  7. Input the partner's Social Security number in the appropriate section to link the filing to the individual partner.
  8. Fill in the name of the partnership as it is officially recognized.
  9. Enter the name of the partner submitting the form.
  10. Complete the mailing address fields, ensuring to include the number and street, along with any relevant rural route information.
  11. Input the city, state, and zip code where the partnership is located.
  12. If returning the form, specify where to mail the check, including the required city, state, and zip code.
  13. Review all entered information for accuracy before saving your changes.
  14. Once confirmed, you can save the document, download it, print it, or share it as necessary.

Complete your Form 86-387-07-1 (Rev) online to ensure timely and accurate filing.

Get form

Experience a faster way to fill out and sign forms on the web. Access the most extensive library of templates available.
Get form

Related links form

81 Abs 2 Bao Verf24 ZBefr 2a -Antrag Auf Feststellung Der Zollbefreiung Fr BersiedlungsgutFormular Aforms2web L 17 - LohnausweisLohnbescheinigung Formular Forms2web Electronic Forms

Questions & Answers

Get answers to your most pressing questions about US Legal Forms API.

Contact support

If you structure your business as a pass-through entity—such as a sole proprietorship, partnership, or limited liability company (LLC)—the business itself doesn't pay income taxes. Instead, those taxes are passed on to your personal tax returns. In the state of Mississippi, the personal income tax rate in 2023 is 5%.

Mississippi Tax Rates, Collections, and Burdens Mississippi also has a 4.00 to 5.00 percent corporate income tax rate. Mississippi has a 7.00 percent state sales tax rate, a max local sales tax rate of 1.00 percent, and an average combined state and local sales tax rate of 7.07 percent.

You should file a Mississippi Income Tax Return if any of the following statements apply to you: You have Mississippi income tax withheld from your wages (other than Mississippi gambling income). You are a non-resident or part-year resident with income taxed by Mississippi (other than gambling income).

If you have an approved Federal tax extension (IRS Form 4868), you will automatically receive a Mississippi tax extension. In this case, you do not need to file Form 80-106 unless you're making a state tax payment.

All Mississippi LLCs are taxed as a pass-through entity by default, which means all of the business' revenue is reported on the members' individual tax returns. In addition to the federal 15.3% self-employment tax, Mississippi LLC members pay the Mississippi personal income tax rate, which starts at 4%.

Mississippi imposes a statewide sales tax rate of 7% on the sale of tangible personal property, certain services, and rentals of tangible personal property. This tax is collected by the retailer at the point of sale and remitted to the state's Department of Revenue.

How much does it cost to form an LLC in Mississippi? The Mississippi Secretary of State charges a $50 fee to file the Certificate of Formation. You can reserve your LLC name with the Mississippi Secretary of State for $25.

(1) A taxpayer shall be allowed a credit against the income taxes imposed under this chapter in an amount equal to twenty-five percent (25%) of the premium costs paid during the taxable year for a qualified long-term care insurance policy as defined in Section 7702B of the Internal Revenue Code that offers coverage to ...

Get This Form Now!

Use professional pre-built templates to fill in and sign documents online faster. Get access to thousands of forms.
Get form
If you believe that this page should be taken down, please follow our DMCA take down processhere.

Industry-leading security and compliance

US Legal Forms protects your data by complying with industry-specific security standards.
  • In businnes since 1997
    25+ years providing professional legal documents.
  • Accredited business
    Guarantees that a business meets BBB accreditation standards in the US and Canada.
  • Secured by Braintree
    Validated Level 1 PCI DSS compliant payment gateway that accepts most major credit and debit card brands from across the globe.
Get Form 86-387-07-1 (Rev
Get form
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232