2014 ProSeries/Mississippi Readme

Items addressed in previous releases

The following forms and worksheets have been addressed in previous releases:

• Error checking, bug fixes. Various improvements to data validations, error checks.
• Form 8582 Passive Activity Loss Limitations
• Form 80-105 Resident Individual Tax Return (except amended returns)
• Form 80-106 V Individual Payment Voucher
• Form 80-107 Income/Withholding Tax Schedule
• Form 80-108 Schedules A & B, Contributions & Other Income
• Form 80-108 Schedule A, Itemized Deductions will now print with the return, if it is required when filing as a part-year or nonresident with Form 80-205.
• Form 80-160 Credit for Taxes Paid to Other States
• Form 80-205 NR or PY Resident Individual Income Tax Return (except amended returns)
• Form 80-401 Tax Credit Summary Schedule
• Form 80-491 Additional Dependents Statement
• Form MS-8453 Electronic Filing Declaration
• Form 80-320 Interest on Underestimate of Tax
• Form 80-106 Est Estimated Tax Vouchers
• Form 80-106 Ext Application for Automatic Extension of Time
• Form 80-106 Amd Individual Amended Payment Voucher

What's new for ProSeries/Mississippi

The following items are new for tax year 2014:

• Itemized Deductions Limitation The income thresholds for the limitation on itemized deductions has increased to $305,050 for joint filers and surviving spouse, $279,650 for heads of household, $254,200 for single filers, and $152,525 (one-half of the otherwise applicable amount for joint filers) for married taxpayers filing separately.
• Credit for Taxes Paid to Other States Form 80-160 replaces the Credit for Taxes Paid to Other States Worksheet and is required for filing when claiming this credit.
• Married and Marriage as Used In Mississippi Income Tax Law Under the Constitution (Art. 14, § 263A) and law (Miss. Code Ann. § 93-11-1(2)) of this state, we are prohibited from treating same-sex couples as married, even if married in a state that recognizes same-sex marriages. As an agency of this state, we are required to comply with the Constitution and laws of this state unless and until repealed by the Legislature or declared invalid by a final order of a Court. To date, the Constitutional provision and statute barring recognition of same-sex marriages is still the law in this state and has not found to be invalid by any Court.
• Legislative changes House Bill 799:
  • Provides that the period of time to respond to certain notices to taxpayers under the income tax law shall begin from the date of mailing (postmark date).
  • Amends Miss. Code Ann. Sections 27-7-51, 27-7-53, 27-7-315, 27-7-327 and 27-7-345 to reduce the interest rate from 1% to 1/2% per month over a five year period.
  • Amends Miss. Code Ann. §27-7-53 to change the application of the late filing penalty from the amount of gross tax due to the amount of net tax (balance due) on the return.

Forms

The Mississippi Department of Revenue has approved for filing all forms and schedules included in ProSeries/Mississippi.

Electronic Filing

General information for electronic filing:

You can file returns electronically with this version of ProSeries/Mississippi.

For a list of forms that can be e-filed, go to What's New This Year in Help Center.

Additional information

Check all returns

The Mississippi Department of Revenue scans computer-generated forms to quickly process the income tax returns they receive. To meet the requirements for producing computer-generated forms, ProSeries is required to limit the width of the tax information printed on forms that are scanned. In certain cases, data you entered may be truncated. After completing a tax return, review the information that prints (for example, mailing address information), make any necessary changes, and reprint the return before mailing it.

Bar codes on printed state returns

Mississippi uses bar codes on computer-printed tax forms. This special formatting allows the state taxing authorities to process returns more quickly and efficiently. On-screen, you'll see only a small representation of the bar code on the upper-left side of the form. This image is static and does not change based on the information in the return. However, when you print the return, the bar code appears as a large rectangular box on the first page of the form. The width of the bar code is constant; the height varies according to the data in the return. In general, the more complex the return, the larger the printed bar code.

Returns that contain special formatting may be processed at a different location than manually-prepared returns. Therefore, the filing instructions that print with the state return may contain a mailing address that's different from the mailing address in the package that is sent to taxpayers. Be sure to have your clients mail their returns to the address in the filing instructions that print with the return.

Important: Because the bar code image is a function of the data in the tax return, it's important that you reprint the page with the bar code if changes are made to any part of the return. Also, do not print blank copies of the main form and prepare them manually. The Mississippi taxing authority may attempt to scan the form and reject it.

Use a recommended printer

We recommend you use a Hewlett-Packard LaserJet Series 4 or later (or 100% compatible printer). The minimum requirement is a Hewlett-Packard LaserJet or PCL compatible printer with 2 MB of printer memory.

If you do not use a recommended printer, sometimes the two-dimensional bar codes on some state returns do not print properly. The states still accept the returns, but they might take longer to process.

End of ReadMe file for ProSeries/Mississippi