Missouri DOR Adopts Amended Income Tax Regulation Concerning Partnership, S Corporation Annual Return Filing Requirements

The Missouri Department of Revenue (DOR) Aug. 1 adopted an amended regulation on annual return filing requirements, composite returns, and nonresident partner and shareholder income tax withholding for individual income tax purposes. The regulation includes: 1) the annual partnership and S corporation return filing requirement; 2) limited liability companies which are treated as partnerships for income tax purposes, and limited liability partnerships, will be considered partnerships; 3) definitions of partnership and S corporation; 4) the circumstances under which a composite tax return for nonresident partners or nonresident S corporation shareholders may be filed and the general contents of the return; ...