Farm Income - Accounting Method

Farm Income - Cash method: Complete Schedule F, Parts I and II. In Part I, show income received for items listed on lines 1 through 8. In most cases, include both the cash actually or constructively received and the fair market value of goods or other property received for these items. Income is constructively received when it's credited to your account or set aside for you to use. If you ran [...]

Missouri Credit for Taxes Paid to Another State

RESIDENT CREDIT OR MISSOURI INCOME PERCENTAGE A taxpayer filing as a resident who paid taxes to another state or political subdivision may take a credit for tax paid by using Form MO-CR. A taxpayer filing as a nonresident may calculate their Missouri income percentage by using the Form MO-NRI. A Form MO-CR and a Form MO-NRI may not be used by the same taxpayer on Form MO-1040. If filing a [...]

Missouri Exempt Interest and Pension Income

Interest from direct obligations of the U.S. Government, such as U.S. savings bonds, U.S. treasury bills, bonds, and notes is exempt from state taxation under the laws of the United States. Attach a detailed list or all Federal Forms 1099. Taxpayers who claim exclusion for interest from direct U.S. obligations must identify the specific securities owned, e.g., “U.S. savings bond”. A [...]

Missouri Veteran Benefits

If a veteran is 100 percent disabled not due to military service, payments and benefits must be included on line 4. Veteran payments and benefits include education and training allowances, disability compensation, grants, and insurance proceeds. If a veteran is 100 percent disabled as a result of military service, do not include veteran payments and benefits as household income on Form MO-PTS. [...]

Missouri Public Assistance

Include the amount of public assistance, Supplemental Security Income (SSI), child support, unemployment compensation, and Temporary Assistance payments re ceived by you and your minor children. Temporary Assistance payments include Temporary Assistance for Needy Families (TANF) payments. In Missouri, the program is referred to as Temporary Assistance (TA). This includes any payments received [...]