Form Mf-002t - Schedule Of Transactions (Fillable) - 2007 Page 3
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4COMPLETING YOUR REPORT
The Wisconsin Combined Monthly Fuel Summary Report which you file
Line 25.
Total Gallons Subject to Petroleum Inspection Fee
. Total
with the department each month consists of this form (MF-002) and the
the gallons from columns 1, 2 and 3 and place the total number of
various supporting fuel transaction schedules (MF-002T).
gallons on this line.
Line 26. Current Petroleum Inspection Fee rate per gallon.
IDENTIFYING INFORMATION
Line 27.
Enter the Petroleum Inspection Fee Due
. For months after
Legal Name and Mailing Address
. Apply the label which contains
April 1, 2006, compute it by multiplying the gallons entered on line 25,
your name, address and FEIN. A supply of labels is sent to all licensees
by the petroleum inspection fee of 2¢ per gallon.
in April each year along with a year's supply of reporting forms. If you
have misplaced the labels, please print or type your name and address
Line 28.
Total Tax and Petroleum Inspection Fee Due
. Add the
in this area, and enter your FEIN in the space provided.
amounts on lines 23 and 27 to compute the total amount due.
Ownership/Name/Address Change
. Enter the requested information
Line 29.
Late Filing Fee
. To be considered as timely filed, a report
if you have had any of these changes.
must be postmarked by a United States Post Office on or before its due
date and received by the department within 5 days of the due date. If a
Report for Month Ending
. Enter the month, last day of the month, and
year covered by the report (MMDDCCYY), for example: 05312006.
report is not filed in a timely manner with the department, it is subject to
a $10.00 late filing fee.
MOTOR VEHICLE FUEL SUPPLIERS REPORT
Line 30. Interest. Interest accrues on any tax or petroleum inspection
fee due that has not been paid in full in a timely fashion. The interest is
Line Instructions
calculated from the due date of the tax until the date in which the tax is
Gallons entered must be gross gallons, i.e., U.S. standard liquid
paid. Interest accrues at the rate of 18% annually
gallons - 231 cubic inches.
Line 31. Enter the amount of motor vehicle fuel taxes and petroleum
Column 3 -
Enter in this column fuel which is subject to the petroleum
inspection fees which you have already paid for this month. If you owe
inspection fee but not the motor vehicle fuel tax.
an additional amount, it must be paid via EFT. If you have overpaid the
amount due, the difference will be refunded.
Lines 1 and 2. Enter the total gross gallons originating from terminals
Line 32.
Fuel Disbursements Not Subject to Motor Vehicle Fuel Tax
(Schedules TD & OD on your MF-002T).
or Petroleum Inspection Fee
. Enter the number of gallons of fuel
Line 3. Add lines 1 and 2 for each column. Place the total on this line.
originating from Wisconsin IRS registered terminals that have been
exported out of state and reported on your Schedule TD.
Lines 4, 5 and 6. Enter the total gross gallons of these disbursements
from the related Schedule 1F, 7 and 8 on your MF-002T.
CARRIER REPORT
Line 7. Add lines 4, 5 and 6 for each column. Place the total on this
Line Instructions
line.
Line 1. Enter the total product transported in Gross Gallons in each of
the columns 1, 2 and 3. This information should be retrieved from
Line 8. Subtract Line 7 from Line 3 in column 1, 2 and 3. Enter the
Schedule PD.
difference on this line. The gallons you enter on this line are subject to
the 2¢ per gallon petroleum inspection fee (also see lines 24 through
Line 2. Enter the total product transported in Net Gallons in each of the
27).
columns 1, 2 and 3. This information should be retrieved from Schedule
PD.
Lines 9 to 15. Enter the total gross gallons of these exempt sales from
the related schedules on your MF-002T.
TERMINAL OPERATORS REPORT
Line 16. Add line 9 through 15 for each column. Place the total on this
Line Instructions
line.
Line 1. Enter the total product delivered to IRS Registered Terminals in
Line 17. Subtract line 16 from line 8 in columns 1 and 2. These are the
Net Gallons in each of the columns 1, 2 and 3. This information should
gallons subject to the motor vehicle fuel tax (also see lines 18 through
be retrieved from Schedule TR.
23).
Line 2. Enter the total product originating from IRS Registered
Terminals in Net Gallons in each of the columns 1, 2 and 3. This
Line 19. Compute the administrative allowance (
gasoline only
) by
information should be retrieved from Schedule TD.
multiplying line 18 (column 1) by .0135. If you are registered as MR
(Not Required to File) you do not qualify for this allowance.
TERMINAL ENDING INVENTORY
Line 20. Subtract line 19 from line 18 and place the difference on this
Line Instructions
line.
Column 1.
Enter the IRS terminal code number for each terminal that
Line 21.
Total Gallons Subject to Fuel Tax
. Add columns 1 and 2
you utilize.
together from line 20 and place the total on this line.
Column 2.
For each terminal identified in Column 1, enter the product
code that is carried within that terminal.
Line 22. Current Wisconsin Motor Vehicle Fuel Tax rate per gallon.
Column 3.
For each terminal identified in Column 1, enter the date in
Line 23.
Enter the Motor Vehicle Fuel Tax Due
. Compute it by
which the End of Month Inventory was taken.
multiplying the gallons entered on line 21, by the current motor vehicle
fuel tax rate entered on line 22. For the months after April 1, 2006, the
Column 4.
For each terminal identified in Column 1, please enter the
motor vehicle fuel tax rate is 30.9¢ per gallon.
ending inventory of product left in the terminal. This amount should be
in Net Gallons.
Line 24. Enter the gallons from line 8. Copy the entry from column 1 on
line 8 to column 1 on line 24. Copy the entry from columns 2 and 3 as
SIGN AND DATE YOUR REPORT, AND INDICATE THE
well and enter them on line 24, columns 2 and 3, respectively.
NAME AND TELEPHONE NUMBER OF THE PREPARER.
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