Form 80-106: Mississippi Individual/Fiduciary Income Tax Payment Voucher (2023)
Form 80-106, also known as the Mississippi Individual/Fiduciary Income Tax Payment Voucher, is a document used by taxpayers in Mississippi to submit payments for various state income tax situations. It's essentially a payment slip that accompanies your tax remittance.
Who Needs Form 80-106?
You'll need Form 80-106 if you fall into one of these categories:
A. Individual filers: You might use this form if you're making estimated tax payments throughout the year, filing an extension and submitting a payment with it, or paying any outstanding balance due on your Mississippi Individual Income Tax Return (Form 80-105).
B. Non-resident filers: If you're a non-resident taxpayer filing a Mississippi Non-Resident Income Tax Return (Form 80-205), you might use Form 80-106 to submit your tax payment.
C. Fiduciary filers: This form is also used for payments associated with the Fiduciary Income Tax Return (Form 81-110), which applies to estates or trusts.
What are the Different Payment Scenarios for Using Form 80-106?
There are three main reasons you might use Form 80-106:
Return Payments: If you owe taxes after filing your return (Forms 80-105, 80-205, 80-110, or 81-110), you'll use Form 80-106 to submit your payment with the completed return.
Estimated Tax Payments: Mississippi requires estimated tax payments throughout the year if you expect to owe more than $200 after considering any withholding. Form 80-106 allows you to submit these estimated tax payments.
Extension Payments: If you need more time to file your return, you can request an extension by April 15th. However, you'll still be responsible for any estimated tax owed. Use Form 80-106 to submit these extension payments.
How to Use Form 80-106?
The form itself is fairly straightforward. Here's a breakdown of the key sections:
Taxpayer Information: Fill in your name, address, Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN), and spouse's information (if filing jointly).
Account Type: Indicate whether this is an individual or fiduciary payment.
Payment Type: Check the appropriate box for the type of payment you're making (return payment, estimated tax payment, or extension payment).
Tax Year: Enter the tax year for which the payment applies.
Amount Paid: Write in the total amount of your payment.
Amended Return: Check this box if you're including the payment with an amended return.
Detachment and Mailing: Cut along the dotted line and detach the payment coupon from the main form. Mail the coupon along with your check or money order (made payable to the Mississippi Department of Revenue) to the designated address.
Can I pay electronically?
Yes, you can make payments electronically through the Mississippi Department of Revenue's Taxpayer Access Point (TAP) on their website https://www.dor.ms.gov/.
Where can I find Form 80-106?
You can download the latest version of Form 80-106 attached below.
What are the deadlines for filing and paying Mississippi income taxes?
The deadline to file your Mississippi income tax return and make any associated payments is typically April 15th, just like federal income taxes. However, you can request an extension to file by April 15th, but you may still owe penalties and interest on any unpaid taxes.
How much estimated tax do I need to pay in Mississippi?
You'll need to pay estimated taxes in Mississippi if you expect to owe more than $200 after considering any withholding. The estimated tax payments are typically due in four equal installments throughout the year.
What happens if I miss a payment or file late?
Missing a payment or filing late can result in penalties and interest charges. It's important to file your return and make payments on time to avoid these additional fees.