Form Boe-501-Mj - Dealer Of Aircraft Jet Fuel Tax Return Page 4

Download a blank fillable Form Boe-501-Mj - Dealer Of Aircraft Jet Fuel Tax Return in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Boe-501-Mj - Dealer Of Aircraft Jet Fuel Tax Return with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

BOE-501-MJ (S3B) REV. 4 (7-02)
SCHEDULE G - Other Sales of Aircraft Jet Fuel
Use this schedule to report sales of aircraft jet fuel for use other than in an aircraft. These would include sales to users other
than aircraft jet fuel users and aircraft jet fuel not delivered into aircraft. For each purchaser, list the total gallons of aircraft jet
fuel sold for the month.
PREPARATION OF INVENTORY ACCOUNTABILITY
Line 1. Enter the total gallons of aircraft jet fuel you owned in storage facilities on the first day of this month.
Line 2. Enter the total gallons of aircraft jet fuel from Schedule A.
Line 3. Enter the total gallons of aircraft jet fuel from Schedule B.
Line 4. Enter the total gallons of aircraft jet fuel available for sale or use by adding lines 1, 2, and 3.
Line 5. Enter the total gallons of aircraft jet fuel sold or used from line 3 of the return.
Line 6. Enter the total gallons of aircraft jet fuel you owned in storage facilities on the last day of this month.
Line 7. Enter the total gallons of aircraft jet fuel gained or lost during the month by adding lines 5 and 6 and subtracting
the result from line 4.
PREPARATION OF THE RETURN
Before completing the tax return, please prepare the applicable schedules and the Inventory Accountability.
Line 1. Enter the total gallons of aircraft jet fuel you sold this month.
Line 2. Enter the total gallons of aircraft jet fuel you used this month.
Line 3. Enter the total gallons of aircraft jet fuel sold or used this month by adding lines 1 and 2.
Line 4. Enter the total gallons of aircraft jet fuel sold to the United States Armed Forces from Schedule C.
Line 5. Enter the total gallons of aircraft jet fuel sold to aircraft manufacturers from Schedule D.
Line 6. Enter the total gallons of aircraft jet fuel sold to air common carriers from Schedule E.
Line 7. Enter the total gallons of aircraft jet fuel exported from Schedule F.
Line 8. Enter the total gallons of other sales of aircraft jet fuel from Schedule G.
Line 9. Enter the total gallons of aircraft jet fuel used by you other than as an aircraft jet fuel user. You must attach an
explanation.
Line 10. Enter the total deductions of aircraft jet fuel by adding lines 4 through 9.
Line 11. Enter the taxable gallons of aircraft jet fuel by subtracting line 10 from line 3.
Line 12. This is the current rate of tax for aircraft jet fuel.
Line 13. Enter the amount of tax due by multiplying line 11 by line 12.
Line 14. If you pay the tax shown on line 13 or file your tax return after the due date shown on the front of this tax return,
you will owe a penalty of 10 percent of the amount of tax due. Enter the penalty by multiplying the tax due on line
13 by 0.10.
Line 15. If you pay the tax shown on line 13 after the due date shown on the front to of this tax return, you will owe
interest. The interest rate noted on the front of this tax return applies for each month, or fraction of a month, that
your payment is late. Enter the interest by multiplying the tax due on line 13 by the interest rate shown, then
multiply the result by the number of months, or fraction of a month, that have elapsed since the due date.
Line 16. Enter the total amount of tax due and payable by adding lines 13, 14, and 15.

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial