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Changes to 2007 Form

2007 Form 100S Updates

Revision Date: 12/12/2007

Revision Details: The current instructions are incorrect and may cause the taxpayer to report an incorrect amount of tax liability. This revision will help the taxpayer to correctly compute the excess of net passive income and excess net passive tax, which will results in the correct amount of tax liability.

  • This update is located in the booklet on Page 12, Excess Net Passive Income and Income Tax Worksheet, Line 7. Package X contains the correct information.

It should read:

7 Divide the amount on line 4 by the amount on line 2

The revised forms is available for download

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