Form 80-360 Mississippi Catastrophe Savings Tax Schedule - Mississippi

What Is Form 80-360?

This is a legal form that was released by the Mississippi Department of Revenue - a government authority operating within Mississippi. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 80-360?A: Form 80-360 is the Mississippi Catastrophe Savings Tax Schedule.

Q: What is the purpose of Form 80-360?A: The purpose of Form 80-360 is to report any contributions made to a Mississippi Catastrophe Savings Account.

Q: What is a Mississippi Catastrophe Savings Account?A: A Mississippi Catastrophe Savings Account is a savings account specifically designated for the purpose of funding qualified catastrophic expenditures in the event of a natural disaster.

Q: Who is required to file Form 80-360?A: Mississippi residents who have made contributions to a Mississippi Catastrophe Savings Account are required to file Form 80-360.

Q: What information is required on Form 80-360?A: Form 80-360 requires the taxpayer to provide information about their Mississippi Catastrophe Savings Account, including the total contributions made during the tax year.

Q: When is Form 80-360 due?A: Form 80-360 is due on or before the individual income tax returndue date, which is typically April 15th.

Q: Are there any penalties for not filing Form 80-360?A: Yes, failure to file Form 80-360 or underreporting contributions can result in penalties and interest charges.

Q: Are there any income limitations for contributing to a Mississippi Catastrophe Savings Account?A: No, there are no income limitations for contributing to a Mississippi Catastrophe Savings Account.