Idaho Tax Commission Releases Form 41S, S Corporation Income Tax Return, Instructions

The Idaho State Tax Commission Jan. 31 released Form 41S, S Corporation Income Tax Return, with instructions, for individual income and corporate income tax purposes. The form is used for filing tax returns and provides information about a shareholder’s proportionate share of Idaho additions, subtractions, and credits. The form includes instructions providing explanations for: 1) rounding, heading, and amended returns; 2) incomes, additions, and subtractions; 3) credits, other taxes, and payments and other credits; 4) refund or payment due; and 5) tax preparer identification. The instructions also mention that the S corporation providing Form ID K-1 to its shareholder also ...