Sales Tax Return Instructions - Town Of Parker
ADVERTISEMENT
1SALE
ES TAX RE
ETURN INST
TRUCTION
S
LINE 1:
Enter the tota
al amount of mo
ney received fro
om all sales and
services. Do no
ot include the am
mount of sales ta
ax collected.
LINE 2A:
: Enter the tota
al amount of bad
d debts collected
d that were previ
iously deducted.
.
LINE 2B:
: Total of line 1
1 and line 2A.
LINE 3A:
: Enter the am
mount of non-taxa
able services or
labor.
LINE 3B:
: Enter the am
mount of sales to
o other licensed
dealers for purp
poses of taxable
e resale. You m
must obtain a co
opy of the purch
aser’s current S
State
sales tax
license and reta
in their license n
number as backu
up to this deduct
tion.
LINE 3C:
: Enter the am
mount of sales d
delivered to a lo
ocation outside
the Town of Pa
arker. To verify
y an address wi
th the Town ple
ease use the on
nline
address lo
ocator at
salestax or conta
act our division v
via email, phone
e, or fax.
LINE 3D:
: Enter the am
mount of current b
bad debts on wh
hich Town tax wa
as previously pa
aid.
LINE 3E:
: Enter trade-in
ns received for t
taxable resale.
LINE 3F:
Enter total sale
es of cigarettes an
nd gasoline.
LINE 3G
: Enter sales t
to governmental
, religious, and c
charitable organ
nizations. You m
must obtain a co
opy of the purcha
aser’s State cert
tificate of exemp
ption
and retain
n their exemption
n number as bac
ckup to this dedu
uction. Colorado
o exemption num
mbers begin with
h a 98-xxxxx-xxx
xx.
LINE 3H:
: Enter the am
mount of current
period returned
d goods on whic
ch tax was collec
cted this period.
. Returns receiv
ved for prior per
riods, which exc
ceed
current perio
d sales and cau
se taxable sales
s to be reported
as a negative am
mount, must be
reported on an a
amended return
for the prior per
riod.
LINE 3I:
Enter the am
mount of prescr
iption drugs/pro
osthetic devices
sold for human
n use. The To
own does not ex
xempt prescripti
ion drugs/prosth
hetic
devices fo
or animals.
LINE 3J:
Enter the am
mount of food pu
urchased with fo
ood stamp/WIC
vouchers. The
Town taxes all
food for home
consumption as
s well as all food
d for
immediate
e consumption.
This deduction i
is only for food it
tems purchased
d using food stam
mps or WIC vouc
chers.
LINE 3K:
: Enter the am
mount of other de
eductions author
rized by the Tow
wn. Provide a bri
ief description of
f the deduction.
LINE 3:
Total deducti
ions, line 3A – 3
K.
LINE 4:
Enter net tax
xable sales & ser
rvices. Subtract
t the total line 3 f
from line 2
LINE 5A:
: Enter amoun
nt of Town tax du
ue, line 4 x 3.0%
%.
LINE 5B:
: Enter the am
mount of sales s
ubject to lodging
g tax times the
lodging tax rate
of 3.0%. Lodg
ging tax is in add
dition to the sale
es tax due on th
hese
sales.
LINE 6:
Add excess
tax collected. I
f sales taxes co
ollected during th
he reporting per
riod exceed the
amount calcula
ated on Line 4 y
you must report
and
remit the e
excess on this li
ne.
LINE 7:
Net adjusted
sales tax, the to
otal of lines 5, an
nd 6.
LINE 8:
Enter the de
duction for vend
dor's fee allowed
d, which is 3.33
% of line 8. Th
here is a maximu
um allowable de
eduction of $200
0.00. NO VEND
DOR
FEE IS AL
LLOWED ON LA
ATE RETURNS.
LINE 9:
Enter total sa
ales tax due, line
e 7 minus line 8.
LINE 10:
Enter total co
onstruction and b
building materia
ls purchases rep
ported on Sched
dule B.
LINE 11:
Enter the am
mount of use tax
due on construc
ction and building
g materials, line
10 x 3.0%.
LINE 12:
Enter total sa
ales and use tax
x due, line 9 plus
s line 11.
LINE 13:
Enter the tota
al penalty & inte
erest on line 13.
Returns are du
ue the 20
of the
e month followin
g the reporting p
period. Penalty
is calculated as
s the
th
greater of
f $10.00 or 15%
of the total sales
s tax due. Intere
est is calculated
d at a rate of 1.5%
% per month late
e times the total
l sales tax due.
The
Town has
s established a
a penalty and in
nterest calculato
or to assist in
calculating the
e correct amoun
nt due. Acces
s this calculato
or at
ark
estax.
LINE 14:
Enter total ta
ax, penalty and in
nterest due to th
e Town, add line
es 12 and 13.
LINE 15:
Enter prior p
period adjustmen
nts for over or u
underpayments.
Examples incl
ude prior period
d overpayments
summarized on
n a Notice of Cr
redit
Balance o
or prior period
underpayments
s summarized o
on a Notice of
Deficiency. B
Be sure to inclu
ude documentat
tion of the ove
r or
underpaym
ment with your ta
ax return form s
o that the Town
can verify accur
racy of the adjus
stment.
LINE 16:
Total due an
d payable to the
e Town of Parker
r. Add lines 14,
and 15. Make y
your check paya
able to the Town
of Parker. Plea
ase ensure the
amount on
n line 16 matche
es the amount re
emitted to the To
own.
SALE OF
A BUSINESS
If your bus
siness has been
n sold to a new o
owner, sales tax
may be due on
the selling price
e of the tangible p
personal
property a
assets, except fo
or inventory to be
e resold. Report
t the taxable sal
es amount and t
tax due on the S
Sales Tax
Return for
r Purchase of a B
Business. A cop
py of the sale/pu
urchase agreeme
ent must be incl
uded when filing
g the
return. Se
ee Municipal Co
de Section 4.03
.030 definition o
of “Sale or sale a
and purchase” fo
or a list of types o
of
business s
sales that are no
ot subject to sale
es tax. The Sale
es Tax Return fo
or Purchase of a
Business can b
be found
online at w
arkeronlin
Last Update: 3
.20.2014
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