Form 42 (EFO00029) Apportionment and Combined Reporting Adjustments - Idaho

What Is Form 42 (EFO00029)?

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

FAQ

Q: What is Form 42?
A: Form 42 is a tax form used for apportionment and combined reporting adjustments in Idaho.

Q: Who needs to file Form 42 in Idaho?
A: Companies that engage in multistate business activities and are subject to Idaho's apportionment and combined reporting rules need to file Form 42.

Q: What does Form 42 calculate?
A: Form 42 calculates the apportionment factors and adjustments for companies with business activities in multiple states.

Q: When is the deadline to file Form 42?
A: The deadline to file Form 42 in Idaho is the same as the deadline for filing the annual income tax return, which is generally April 15th.

Q: Are there any penalties for not filing Form 42?
A: Yes, failure to file Form 42 or filing an incomplete or inaccurate form may result in penalties and interest.

Q: Is Form 42 only for businesses located in Idaho?
A: No, Form 42 is for companies that engage in multistate business activities, regardless of their location.

Q: What other forms may be required in addition to Form 42?
A: Depending on the nature of your business, you may also need to file other tax forms, such as the Idaho Corporate Income Tax Return.