Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
SlideShare a Scribd company logo

tax.utah.gov forms current tc tc-365

•
•

This document is a supplier inventory return form from the Utah State Tax Commission. It requires suppliers of undyed diesel to report their beginning and ending inventory, gallons sold, and calculate tax due at 24.5 cents per gallon. Line items include beginning inventory, gallons sold, taxable gallons (lesser of beginning inventory or gallons sold), tax rate, tax due, previously paid tax, and tax amount owed. Examples are given to show calculations if previously paid tax or prepaying remaining tax to close the account.

1 of 2
Download to read offline
Clear form SD Utah State Tax Commission TC-365 Supplier Inventory Return Rev. 7/97 Name and address Due date Tax period Account number 1. Undyed diesel inventory at BEGINNING of month 1 2. Undyed diesel SOLD during month 2 3. Balance (subtract line 2 from line 1 - if less than ZERO, enter ZERO) (See NOTE below) 3 4 4. Enter the LESSER amount of line 1 or line 2 (See NOTE below) x .245 5. Tax rate (24.5 cents per gallon) 5 00 6. TAX (Multiply line 4 by line 5) (round to whole dollars) 6 00 7. Tax previously paid on June 30, 1997 inventory reported on line 4 7 8. TAX DUE (Subtract line 7 from line 6) (round to whole dollars) 00 8 I declare under the penalties provided by law that to the best of my knowledge this is a true and correct return. Authorized Signature Telephone Date NOTE: If you did not sell all of the undyed diesel inventory on line 1, you may voluntarily prepay the remaining tax due on the inventory to close your account. To close your account, refer to the instructions for lines 3 and 4 on the back of this return. Return ENTIRE form, coupon, and payment to the Utah State Tax Commission TC365 Rev. 7/97 Tax Type Account Number Tax Period 00 Amount Paid $ Make check or money order payable to the Utah State Tax Commission. Do not send cash. Do not staple check to this coupon. UTAH STATE TAX COMMISSION SUPPLIER INVENTORY RETURN 210 N 1950 W SLC UT 84134-0500
Instructions LINE 1 - Undyed diesel inventory at BEGINNING of month. Enter the total gallons of undyed diesel inventory at midnight June 30, 1997 or from line 3 of the previous month's Supplier Inventory Return. LINE 2 - Undyed diesel sold during the month. Enter the total gallons of undyed diesel sold during the month. LINE 3 - Balance. Subtract the gallons on line 2 from the gallons on line 1. If less than zero, enter zero (or, if you want to close your account, enter zero). LINE 4 - Enter the lesser of line 1 or line 2. If you choose to close out your account, report the amount from line 1. LINE 5 - Tax Rate 24.5 cents per gallon LINE 6 - Tax. Multiply the gallons on line 4 by the tax rate on line 5 and round to the nearest whole dollar. LINE 7 - Tax previously paid on June 30, 1997 inventory reported on line 4. If you previously paid tax at the rate of 19.5 cents per gallon on your ending inventory at midnight June 30, 1997, enter the amount of tax paid on the inventory on line 4 rounded to the nearest whole dollar. LINE 8 - TAX DUE. Subtract the amount on line 7 from the amount on line 6. This is the balance due with this return. EXAMPLE of calculation if you previously paid tax on undyed diesel inventory as of June 30, 1997 at 19.5 cents per gallon. ` 1. Undyed diesel inventory at BEGINNING of month 2,000 1 2. Undyed diesel SOLD during month 25,000 2 ` 0 3. Balance (subtract line 2 from line 1 - if less than ZERO, enter ZERO) 3 2,000 4. Enter the LESSER amount of line 1 or line 2 4 x .245 5 5. Tax rate (24.5 cents per gallon) 490 6 00 6. TAX (Multiply line 4 by line 5) (round to whole dollars) ` 390 00 7. Tax previously paid on June 30, 1997 inventory reported on line 4 7 ` 100 00 8. TAX DUE (Subtract line 7 from line 6) (round to whole dollars) 8 EXAMPLE of calculation if you prepay the full tax on your inventory to close your account and sales are less than beginning inventory. ` 1. Undyed diesel inventory at BEGINNING of month 2,000 1 2. Undyed diesel SOLD during month 1,500 2 ` 0 3. Balance (subtract line 2 from line 1 - if less than ZERO, enter ZERO) 3 2,000 4. Enter the LESSER amount of line 1 or line 2 4 x .245 5 5. Tax rate (24.5 cents per gallon) 490 6 00 6. TAX (Multiply line 4 by line 5) (round to whole dollars) ` 0 00 7. Tax previously paid on June 30, 1997 inventory reported on line 4 7 ` 490 00 8. TAX DUE (Subtract line 7 from line 6) (round to whole dollars) 8 EXAMPLE of calculation if you pay taxes on your undyed diesel inventory as it is sold and sales are less than beginning inventory. ` 1. Undyed diesel inventory at BEGINNING of month 2,000 1 2. Undyed diesel SOLD during month 1,500 2 ` 500 3. Balance (subtract line 2 from line 1 - if less than ZERO, enter ZERO) 3 1,500 4. Enter the LESSER amount of line 1 or line 2 4 x .245 5 5. Tax rate (24.5 cents per gallon) 368 6 00 6. TAX (Multiply line 4 by line 5) (round to whole dollars) ` 0 00 7. Tax previously paid on June 30, 1997 inventory reported on line 4 7 ` 368 00 8. TAX DUE (Subtract line 7 from line 6) (round to whole dollars) 8

More Related Content

tax.utah.gov forms current tc tc-365

  • 1. Clear form SD Utah State Tax Commission TC-365 Supplier Inventory Return Rev. 7/97 Name and address Due date Tax period Account number 1. Undyed diesel inventory at BEGINNING of month 1 2. Undyed diesel SOLD during month 2 3. Balance (subtract line 2 from line 1 - if less than ZERO, enter ZERO) (See NOTE below) 3 4 4. Enter the LESSER amount of line 1 or line 2 (See NOTE below) x .245 5. Tax rate (24.5 cents per gallon) 5 00 6. TAX (Multiply line 4 by line 5) (round to whole dollars) 6 00 7. Tax previously paid on June 30, 1997 inventory reported on line 4 7 8. TAX DUE (Subtract line 7 from line 6) (round to whole dollars) 00 8 I declare under the penalties provided by law that to the best of my knowledge this is a true and correct return. Authorized Signature Telephone Date NOTE: If you did not sell all of the undyed diesel inventory on line 1, you may voluntarily prepay the remaining tax due on the inventory to close your account. To close your account, refer to the instructions for lines 3 and 4 on the back of this return. Return ENTIRE form, coupon, and payment to the Utah State Tax Commission TC365 Rev. 7/97 Tax Type Account Number Tax Period 00 Amount Paid $ Make check or money order payable to the Utah State Tax Commission. Do not send cash. Do not staple check to this coupon. UTAH STATE TAX COMMISSION SUPPLIER INVENTORY RETURN 210 N 1950 W SLC UT 84134-0500
  • 2. Instructions LINE 1 - Undyed diesel inventory at BEGINNING of month. Enter the total gallons of undyed diesel inventory at midnight June 30, 1997 or from line 3 of the previous month's Supplier Inventory Return. LINE 2 - Undyed diesel sold during the month. Enter the total gallons of undyed diesel sold during the month. LINE 3 - Balance. Subtract the gallons on line 2 from the gallons on line 1. If less than zero, enter zero (or, if you want to close your account, enter zero). LINE 4 - Enter the lesser of line 1 or line 2. If you choose to close out your account, report the amount from line 1. LINE 5 - Tax Rate 24.5 cents per gallon LINE 6 - Tax. Multiply the gallons on line 4 by the tax rate on line 5 and round to the nearest whole dollar. LINE 7 - Tax previously paid on June 30, 1997 inventory reported on line 4. If you previously paid tax at the rate of 19.5 cents per gallon on your ending inventory at midnight June 30, 1997, enter the amount of tax paid on the inventory on line 4 rounded to the nearest whole dollar. LINE 8 - TAX DUE. Subtract the amount on line 7 from the amount on line 6. This is the balance due with this return. EXAMPLE of calculation if you previously paid tax on undyed diesel inventory as of June 30, 1997 at 19.5 cents per gallon. ` 1. Undyed diesel inventory at BEGINNING of month 2,000 1 2. Undyed diesel SOLD during month 25,000 2 ` 0 3. Balance (subtract line 2 from line 1 - if less than ZERO, enter ZERO) 3 2,000 4. Enter the LESSER amount of line 1 or line 2 4 x .245 5 5. Tax rate (24.5 cents per gallon) 490 6 00 6. TAX (Multiply line 4 by line 5) (round to whole dollars) ` 390 00 7. Tax previously paid on June 30, 1997 inventory reported on line 4 7 ` 100 00 8. TAX DUE (Subtract line 7 from line 6) (round to whole dollars) 8 EXAMPLE of calculation if you prepay the full tax on your inventory to close your account and sales are less than beginning inventory. ` 1. Undyed diesel inventory at BEGINNING of month 2,000 1 2. Undyed diesel SOLD during month 1,500 2 ` 0 3. Balance (subtract line 2 from line 1 - if less than ZERO, enter ZERO) 3 2,000 4. Enter the LESSER amount of line 1 or line 2 4 x .245 5 5. Tax rate (24.5 cents per gallon) 490 6 00 6. TAX (Multiply line 4 by line 5) (round to whole dollars) ` 0 00 7. Tax previously paid on June 30, 1997 inventory reported on line 4 7 ` 490 00 8. TAX DUE (Subtract line 7 from line 6) (round to whole dollars) 8 EXAMPLE of calculation if you pay taxes on your undyed diesel inventory as it is sold and sales are less than beginning inventory. ` 1. Undyed diesel inventory at BEGINNING of month 2,000 1 2. Undyed diesel SOLD during month 1,500 2 ` 500 3. Balance (subtract line 2 from line 1 - if less than ZERO, enter ZERO) 3 1,500 4. Enter the LESSER amount of line 1 or line 2 4 x .245 5 5. Tax rate (24.5 cents per gallon) 368 6 00 6. TAX (Multiply line 4 by line 5) (round to whole dollars) ` 0 00 7. Tax previously paid on June 30, 1997 inventory reported on line 4 7 ` 368 00 8. TAX DUE (Subtract line 7 from line 6) (round to whole dollars) 8