If you are filing a short period for a reason other than those previously stated you must attach a detailed explanation when filing your MO-1120. You will be notified if the short period is disallowed or adjustments were made to a previously filed return.

A short period franchise tax return may not be required when there is a change in ownership unless there has been a subsequent change in accounting periods. Normally, the prior and present owners pro-rate the taxes during the course of the sale of the business.

Franchise tax is not based upon whether or not a corporation is a franchise. It is a business tax based upon a corporation's assets.

The due date is determined by the beginning date of the corporation's taxable period. The return is due the fifteenth day of the fourth month from the beginning of the taxable period. For example, if a corporation's year-end is December 31, 2007, then its 2008 franchise tax return is due April 15, 2008. For fiscal year-end corporations, such as March 31, 2008, their 2008 franchise tax return due date is July 15, 2008.

For tax years beginning on or after January 1, 2000 for corporate income tax and on or after January 1, 2001 for franchise tax, the franchise tax must be reported with Form MO-1120 or MO-1120S. Schedule MO-FT must be included with either Form MO-1120 or Form MO-1120S. If you are not required to file Form MO-1120 or MO-1120S, you must complete the upper portion of either of these two forms, mark the box "franchise tax only" and then complete Schedule MO-FT.

The corporation must use the assets as of the first day of the taxable period. For example, a calendar 2008 franchise tax return is based upon assets as of December 31, 2007 or January 1, 2008 and it covers the taxable period from January 1, 2008 to December 31, 2008. A fiscal year end taxpayer (for example) uses the March 31, 2008 or April 1, 2008 balance sheet for the taxable period from April 1, 2008 to March 31, 2009.

The Franchise Tax return should not be filed, the Alabama Business Privilege Tax replaces the domestic and foreign Franchise Tax.

Franchise tax is computed based upon the current rate of tax multiplied by the taxable base. For all taxable periods prior to January 1, 2000, the tax rate was 1/20 of 1 percent (.0005). The tax rate for periods beginning January 1, 2000, is 1/30 of 1 percent (.000333).

Your permanent residence was in the District of Columbia for either part of or the full taxable year. You lived in the District of Columbia for 183 days or more during the taxable year, even though your permanent residence was outside the District of Columbia. You were a member of the armed forces and your home of record was the District of Columbia for either part of or the full taxable year.

Electronic filing is the best way to file an error-free return and receive an income tax refund faster. Taxpayers are encouraged to file via the District's Electronic Taxpayer Service Center or federal/state e-File. View more information on electronic filing.

Yes. As long as your withholding tax account is open, you need to file a return showing zero tax was withheld; otherwise you will receive a non-filer notice. If you no longer have employees and want to close your withholding tax account, you should file an Employer's Withholding Tax Final Report, Form MO-941F. (Form MO-941F is included in your withholding tax voucher book.)

Consolidated tax returns may be filed by a group of corporations who are affiliated through stock ownership and who join in the filing of a federal consolidated income tax return. A consolidated return must include all subsidiaries.

Calendar year taxpayers must file no later than April 15th. Fiscal year filers must file no later than the 15th day of the fourth month following the close of their taxable year.

Your payment must be mailed by the due date of the return. Example: The current reporting period is July 1, 2006 - September 30, 2006 with a due date of October 31, 2006. If you E-filed your IFTA Quarterly Tax Return on October 20th your payment must be postmarked with the October 31, 2006 date to avoid interest and penalty fees. Internet Explorer – Right click on the Internet Explorer icon on your desktop and select "Properties".

This in itself is a complex question I have many Taxpayers ask me this question, by tax law if you make over $3,100.00 then YES you have to file. There are some cases in which you can make less and have to file, say if you have your own business or you want a refund of the taxes you paid at a job you worked and made less than $3,100.00. >>back to top

If your move is temporary and you do not sever your Canadian residential ties, you will have to continue filing a Canadian return every year, reporting your world income. If you are making a permanent move and severing your Canadian residential ties, you will have to file as a part-year resident in the year you move. In subsequent years, you will not have to file a Canadian return unless you have Canadian-source employment or business income or dispose of taxable Canadian property.

Filing your Tax Return online is secure, accurate and you will get immediate acknowledgement of receipt, plus you should receive a significantly faster repayment if you are owed money. To file your Tax Return online you can use the HMRC’s Online Tax Return for Self Assessment software, which checks completion of the Return as you fill it in, or you can use third party software. All software and online forms automatically calculate your tax.

The CRA will be inviting most taxpayers to use NetFile to electronically file their income tax returns. To find out if you're eligible, check for your personalized Web Access Code (WAC) on the mailing label of your annual tax return package. If you have not received a tax package, or if there is no WAC visible, contact the NetFile Help Desk at 1-800-714-7257 to have one assigned to you. With this WAC, using NetFile is a snap, so long as you are fully eligible under the CRA requirements.

The gift tax applies to the transfer by gift of any property. It is a gift if you do not expect to receive something of at least equal value in return. You should file a gift tax return for any calendar year you have taxable gift.