Missouri PTET Information - 1120S - Tax Year 2022

  • Article Type:
  • QA
  • Last Modified:
  • 04/08/2023

Question

What are some common questions and answers regarding MO-PTE with tax year 2022?

Environment

  • CCH® ProSystem fx® Tax
  • CCH Axcess™ Tax
  • S Corporation - 1120S
  • Missouri - MO
  • 2022

Answer

QuestionAnswer
-Form Name
  • MO-PTE
-State Links
  • https://dor.mo.gov/forms/MO-PTE%20Instructions_2022.pdf
  • https://dor.mo.gov/forms/MO-PTEAP_2023.pdf
  • https://dor.mo.gov/forms/MO-MS%20PTE_2022.pdf
Election for PTE
-Is an Election Required?
  • Yes
-Made when?
  • Election is must be made for the tax year in order to produce MO-PTE.
-Good for?
  • This is an annual election.
-How do we make this election?
  • Election can be made on Common State/City > State PTE Generation > Missouri
    • PTE-ST1, Box 138
  • Missouri > Passthrough Entity > General Information > Line 2
    • MO13, Box 31.
-Separate Form needed?
  • MO-PTE
-Option  to Opt-Out?
  • If an election to become an affected business entity has been made for a tax year, the election cannot be revoked for that tax year.
Generation of State PTE Return
-How do we generate the form above?
  • Common State/City > State PTE Generation > Missouri
    • PTE-ST1, Box 138
    • Missouri > Passthrough Entity > General Information > Line 2
      • MO13, Box 31
    -Is this a separate filing from the main form, part of the main form, or filed on it's own?
    • MO-PTE is a separate filing form.
    Estimates
    -Are there estimates for this form?
    • Yes ; Form PTEAP
    -How do we generate them?
    • Payments/Penalties/Estimates > Estimates and Application of Overpayment > State Estimates and Application of Overpayment > Detail > Line 1 - MO.
      • Common State > St Pay/Est > STEST-1 > Box 30 - MO.
    -Can you apply an overpayment from the current year form?
    • Yes
    Interest/Penalties
    -Do interest/penalties apply?
    • N/A
    -Is there an underpayment penalty?
    • N/A
    Additional PTE Information
    Common State > State PTE Generation worksheet >Grid 23  (Interview PTE-ST1, boxes 300-364)
    -Does this section apply to this state?
    • No
    Additional Input Available
    - Does new input options under State and City Tax Refund flow to the state?
    • Yes
    - Does new input options under Taxes and Licenses flow to the state?
    • Yes
    - Does new input options under Rent/Royalty flow to the state?
    • Yes
    - Does the new input options under Farm flow to the state?
    • Yes

    Additional Information

    N/A

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