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 to report apportionment and combined reporting adjustments in the state of Idaho.

Q: What are apportionment and combined reporting adjustments?
A: Apportionment and combined reporting adjustments are adjustments made to calculate the proper allocation of income for multi-state businesses.

Q: Who is required to file Form 42?
A: Businesses that are subject to Idaho income tax and have income from multiple states are required to file Form 42.

Q: When is Form 42 due?
A: Form 42 is generally due on the same date as the taxpayer's Idaho income tax return, which is April 15th.

Q: Are there any penalties for not filing Form 42?
A: Yes, there are penalties for not filing Form 42 or filing it late. It is advisable to file the form on time to avoid penalties.

Q: What if I have questions or need assistance with Form 42?
A: If you have questions or need assistance with Form 42, you can contact the Idaho State Tax Commission directly for assistance.