Form MO-851 - Affiliations Schedule

Complete Guide to Understanding and Filing Form MO-851

The MO Form  851 is a crucial document for corporations operating within an affiliated group in Missouri. This form plays an essential role in the world of corporate taxes, particularly for those looking to file consolidated tax returns. Its primary function is to identify each member of the affiliated group and determine the allocation of payments and overpayments within the group. With strict submission deadlines and specific filing instructions, it's vital to understand the process thoroughly to ensure compliance and accuracy.

What is Form MO-851 For?

MO-851 allows the parent corporation of an affiliated group to communicate critical information about its members to the Missouri Department of Revenue. The form helps in:

• Identifying the common parent corporation and each member of the affiliated group.
• Reporting the distribution of overpayment credits, estimated tax payments, and tax deposits among the corporations.
• Ensuring all members meet the qualifications for being part of the affiliated group.

This form must accompany the Missouri consolidated tax return, acting as a roadmap for the state to understand the structure and tax responsibilities of the group.

How to Fill Out Form MO-851

Filling out MO 851 requires attention to detail and accuracy. Here’s a step-by-step approach to completing the form:

1. Start with the Basics: Enter the name of the common parent corporation and its EIN at the top of the form. This identifies who is filing and the tax ID number associated with it.
2. List the Affiliated Members: For each member of the affiliated group, including the parent corporation, provide their name, EIN, and the state of incorporation. This clarifies the entities within the group.
3. Allocation of Payments and Credits: Break down the estimated tax payments, overpayment credits, and tax deposits made by each company. This section requires precise numbers to ensure correct allocation.
4. Certifications and Signatures: The final step involves certifying the information is correct. The form must be signed by the president, vice president, or other authorized officer of the parent corporation.
5. Attach to Missouri Consolidated Tax Return: Once completed, Form MO-851 should be securely attached to the Missouri consolidated tax return form for the affiliated group.

Submission Deadlines and Address

The submission deadline for Form MO-851 corresponds with the Missouri consolidated tax return deadline, typically on or before the 15th day of the 4th month following the close of the tax year. It's crucial to verify the current year's deadline as it may change.

Mail to:
Taxation Division
P.O. Box 3365
Jefferson City, MO 65105-3365

Understanding and properly completing Form MO-851 is vital for affiliated groups filing consolidated tax returns in Missouri. By following the outlined steps and adhering to deadlines, corporations can navigate the complexities of tax filing with confidence, ensuring compliance and accuracy in their financial responsibilities.