Get Mo Form 5677 2024-2025

Filling out the MO Form 5677 online can be a straightforward process when you know the steps involved. This guide will walk you through each section of the form, providing clear instructions to help you complete it accurately and efficiently.

Follow the steps to complete the MO Form 5677 online.

1. Click ‘Get Form’ button to access and open the form in your preferred online editor.
2. Select the composite return box located at the top of the MO-1040 form.
3. In the 'Social Security Number' field, input the federal identification number of the corporation or partnership.
4. In the 'Name (First)' field, enter the name of the corporation or partnership.
5. Prepare a schedule listing all partners or shareholders included in the composite return using the required format. This should include taxpayer identification number, tax year, ending month, name (last, first, middle initial, Jr. Sr. II), address, city, state, zip, and Missouri source income.
6. Enter the total Missouri source income from the schedule on Line 1Y.
7. Calculate the Missouri tax by multiplying the amount on Line 1Y by 4.8 percent and record it on Line 36.
8. On Line 38, enter any estimated tax payments and line 41 for any extension payments. Then, sum these amounts on Line 45.
9. If Line 45, or if amended return line 48, exceeds Line 36, enter the difference (overpayment) on Line 49 and allocate for next year’s taxes on Line 50 or for refund on Line 53.
10. If Line 36 exceeds Line 45 or Line 48 for amended returns, enter the difference (underpayment) on Line 54.
11. If the balance due on Line 54 is more than $500, an underpayment penalty may apply. Check instructions on form MO-2210 for guidance. If applicable, record the penalty on Line 55.
12. For any balance due, add Lines 54 and 55 together and enter the total amount due on Line 56.
13. Once completed, you can save your changes, download, print, or share the form as required.

Begin filling out the MO Form 5677 online today for a seamless filing experience.