Form Rut-50-X - Instructions (Page 2 of 2) in pdf

Line 7

Part 3: Correct your financial information

Write the total amount you have paid. This figure includes the

Complete Part 3 to make corrections to the financial figures on your

amount you paid with your original Form RUT-50, the amount you

return.

paid with any subsequent amended returns, and any assessment

When writing your figures, please use whole dollar amounts by

payments you have made. Be sure to reduce the total amount paid

dropping amounts of less than 50 cents and increasing amounts of

by any refund of tax you have received for this transaction.

50 cents or more to the next higher dollar.

Line 8

Column A

If Line 7 is greater than Line 6 Column B, subtract Line 6, Column B

Write the figures from your most recent return. These figures may be

from Line 7. This is the amount you have overpaid. Write that amount

from your original Form RUT-50, Section E, or from a previously filed

here, then sign this return in Part 4. We will send you a refund for

Form RUT-50-X.

any amount that we calculate is overpaid.

Column B

Line 9

Write the corrected figures. If there is no change from Column A,

If Line 7 is less than Line 6 Column B, subtract Line 7 from Line 6,

write the figures from Column A.

Column B. This is the amount you have underpaid. Write that amount

Note: If you have an amount written in Column A that you are

here and on the line provided in the “Read this information first”

reducing to zero, write “0” in Column B. Leaving the Column B line

section on the front of the return.

blank may delay the processing of your return.

Please pay this amount at the time you file this return. We will bill you

for any additional tax, penalty, and interest that we calculate is due.

Lines 1 through 6

Write the amounts in Columns A and B.

Part 4: Sign below

We cannot process this form until it is signed by the owner, officer, or

Lines 7 through 9

other person authorized to sign the original return.

Complete Column B only.

Individual Line Instructions

Special instructions follow for specific lines. See your original

Form RUT-50 instructions for any items that are not explained below.

Line 2

If you make a correction to this line, you must attach proof of both

the purchase price and the amount of tax you previously paid to

another state.

Lines 4 and 5

You owe a late-filing or nonfiling penalty if you did not file a

processable return by the due date. You owe a late-payment

penalty if you did not pay the tax you owed by the original due date

of the return. Interest is simple interest, figured using a daily rate. It

is calculated on tax and penalties from the day after the original due

date through the date you pay the tax and penalty.

The amount you write in Column A is the total amount of any

penalties or interest you were assessed, plus any penalties or

interest reported on your original return.

If you are increasing the amount of tax due, you do not need to

write amounts in Column B; we will bill you for any additional

penalties and interest you may owe.

If you are reducing the amount of tax due, you must refigure the

amount of penalty and interest you owe in order to receive credit in

Line 8. Penalties and interest are explained in Publication 103,

Uniform Penalties and Interest. To receive a copy of this publication,

get forms?” on the front of these instructions. To receive information

on how to calculate penalties and interest properly using the rates

that apply, contact us at the address or telephone numbers listed on

the front of these instructions under “Where do I get help?” Write the

recomputed penalty and interest amounts in Column B.

Page 4 of 4

RUT-50-X (R-3/98)

Form Rut-50-X - Instructions Page 2

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