Mississippi Form 80-106 Individual-Fiduciary Income Tax Voucher

What Is A Ms Form 80 106

The Mississippi form 80-106 is an Individual-Fiduciary Income Tax Voucher designed to facilitate income tax payments. This form serves as a remittance document for taxpayers who need to make payments for tax due on their annual tax returns. 

It's vital in ensuring accurate and timely tax submissions to the Department of Revenue in Mississippi.

When to Use Mississippi Tax Form 80 106

You should use the Mississippi Tax form 80 106 under several circumstances:

• If you haven't prepaid at least 80% of your annual tax liability through withholding and owe more than $200 in taxes.
• When making tax payments due with your Individual Income Tax Return (Form 80-105), Non-Resident Income Tax Return (Form 80-205), or Fiduciary Income Tax Return (Form 81-110).

If you're filing for an extension and must pay the tax due.

How To Fill Out Form 80 106

To complete form 80 106 MS, follow these steps:

Personal Information: 

Enter your and your spouse's Social Security Numbers (SSNs) or Individual Taxpayer Identification Numbers (ITINs), as applicable.

Names and Address: 

If filing jointly, provide the taxpayer's first and last names (also the spouse's). Fill out your address, city, state, and zip code in the fields provided.

Fiduciary Information: 

If this payment relates to fiduciary income, enter the Trust FEIN and the name of the estate or trust.

Tax Year: 

Indicate the beginning and ending dates of the tax year you are paying.

Payment Type: 

Select the type of payment you're making—be it a quarterly estimate payment, return payment, extension payment, or amended return payment.

Amount Paid: 

Write the total amount of tax you're paying.

Processing: 

Send the voucher and your payment method, ensuring all necessary identification numbers are included on the check or money order.

When to File 80 106 Form

The 80 106 form should be filed along with your tax payments, adhering to the following deadlines:

• Estimated tax payments should be made quarterly, based on the schedule outlined by the Mississippi Department of Revenue.
• Return or extension payments are typically due on or before April 15th, coinciding with the tax filing deadline.
• The payment should accompany the amended documentation if you file an amended return.
• Remember to use the correct mailing address based on whether you are sending the voucher with a return or separately, and that photocopies of the form are not accepted.