Form Liq-1 - Liquor Excise Tax Return-Nevada Department Of Taxation Page 2
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5LIQUOR EXCISE TAX RETURN INSTRUCTIONS – PAGE 1
Line 1 Enter the total gross monthly imports, in gallons to the hundredth (2 decimal places), to be verified by supplier reports.
Manufacturers must include copies of TTB tax returns.
Line 2 Credit for shipments lost, stolen or damaged in transit, or damaged or spoiled on the premises
less the 0.5% discount taken previously, if the tax was paid prior to 1/1/09. If the tax was paid after 1/1/09
the discount will be .25%. List on Form LIQ-2.
Line 3 Credit for liquor exported and sold outside this State less .5 % discount taken previously, if the tax was paid
prior to 1/1/09. If the tax was paid after 1/1/09 the discount will be .25%. List on Form LIQ-3
and enclose a copy of the original invoice with this report.
Line 4 Credit for liquor sold to airlines, permissible persons or to military installations less 0.5% discount taken
previously, if the tax was paid prior to 1/1/09. If the tax was paid after 1/1/09 the discount will be .25%.
List on supplemental Form LIQ-4a or LIQ-4b.
Line 5 Total of lines 2-4b
Line 6
Subtract quantity on line 5 from quantity on line 1for total taxable gallons.
Line 8
Multiply gallons shown on line 6 by tax rate shown on line 7 for the gross tax.
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Line 9 The excise tax imposed by this Chapter is due and payable on or before the 20
day of the following month. If all
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such taxes are paid on or before the 15
day of the following month, a discount in the amount of 0.25% of the tax
shall be allowed. If tax is not paid by date due a penalty of 10% will be added, together with interest at the rate of
1% per month, or any fraction thereof, from the date due until paid.
Line 10 Subtract figure on line 9 from gross tax on line 8 for adjusted tax amount.
Line 11 Subtract credits (attach Department notification of credit to this return).
Line 12 If this return will not be submitted/postmarked and the taxes paid on or before the due date as shown on the face
of this return, the amount of penalty due is based on the number of days late the payment is made per NAC
360.395. The maximum penalty amount is 10%.
Number of days
Penalty
late
Percentage
Multiply by:
1 - 10
2%
0.02
11 - 15
4%
0.04
16 - 20
6%
0.06
21- 30
8%
0.08
31 +
10%
0.10
Determine the number of days late the payment is, and multiply the net tax owed by the appropriate rate based
on the table above. The result is the amount of penalty that should be entered. For example, the taxes were due
January 31, but not paid until February 15. The number of days late is 15 so the penalty is 4%.
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Line 13 Add 1% interest per month, or fraction thereof, if postmarked after the 20
of the month following activity.
Line 14 Add amount of any Liability that has been established by the Department. Attach Department notification of
amount due.
Lien 15 Total amount due and payable with this return.
LIQ-1
(12-08)
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