Form 32-001 - Retailer'S Use Tax Quarterly Return - Iowa Department Of Revenue And Finance

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RETAILER’S USE TAX INSTRUCTIONS AND WORKSHEET
Keep this worksheet for your records. Write your permit number
1. Gross Sales: Enter your total gross sales in Iowa for the entire quarter
on line 1. DO NOT INCLUDE THE TAX COLLECTED ON TAX-
and filing period here. ______________________________
ABLE SALES ON THIS LINE.
2. Goods Consumed: Enter your total goods consumed in Iowa for the
RETAILER’S USE TAX
entire quarter. Goods consumed are items that you originally pur-
QUARTERLY RETURN WORKSHEET
chased tax free for direct resale or to be incorporated into a product for
1 Gross Sales in Iowa for entire quarter
resale, but instead were used by you. The amount is the original cost
2 Goods Consumed in Iowa for entire quarter
paid by you to your supplier.
3 Total (add lines 1 and 2)
Example: A retailer of vehicle repair parts is delivering a truckload of
4 Exemptions (from line 23) for entire quarter
those parts to a customer in Iowa. Since the retailer intends to resell the
parts, tax was not paid to the supplier. While in Iowa, the delivery truck
5 Taxable Amount (line 3 minus line 4)
breaks down. The driver uses one of the parts being delivered to repair
the truck. The part that was used is goods consumed. The retailer must
report the price paid to the supplier on line 2.
6 State Tax (5% of line 5) for entire quarter
Example: An Iowa homeowner hires a painter to paint a room of the
house. In addition to painting, the painter also sells paint supplies at
7 Total Local Option Tax for entire quarter
retail. The painter removes from the resale inventory – on which tax
8 Total School Local Option Tax for entire quarter
was not paid to the supplier – a brush to be used in painting the Iowa
9 Total Tax (add lines 6, 7 and 8)
home. Since the brush is not directly resold to the customer, it is goods
10 Deposits and Overpayment Credits
consumed and must be reported on line 2.
11 Balance (line 9 minus line 10)
Example (not goods consumed): A person who makes craft items to be
12 Penalty (if applicable)
sold at craft shows does not pay sales tax to suppliers for materials.
These materials are incorporated into the craft items to be sold. They
13 Interest (if applicable, .008 per month)
are not goods consumed and should not be reported on line 2.
14 Total Amount Due (add lines 11-13)
4. Exemptions: Enter your total exemptions for the entire quarter.
Exemptions are sales made by you on which tax was not required to be
11. Tax Due: Subtract line 10 from line 9 and enter the balance. If line 10
charged. A worksheet is provided on the back of this form. Although
is greater than line 9, the amount is an overpay. If you prefer a refund,
it is not submitted with this return, you may be required to submit it at
enter the word “refund” on line 14. If you prefer a credit, write the word
a later date; be sure to keep a copy in your files.
“credit.”
7. Total Local Option Tax: Retailer’s use tax permit holders do not
12. Penalty: Penalty for not filing the return on time: If you do not file the
typically collect this tax. However, if you have, you must report and
deposit or return on time and do not have 90% of the correct amount of
remit it. Enter the amount from the Total line on the Local Option Tax
tax paid by the due date, add 10% of the tax not paid by the due date.
return on the back of this form.
Penalty for not paying the tax on time: If you do not pay at least 90%
8. Total School Local Option Sales Tax: If you have collected this tax,
of the correct amount of tax by the due date, add 5% of the tax not paid
you must remit it. Follow the instructions for line 7.
by the due date. Penalties can be waived only under special circum-
stances. If more than one penalty applies, the 10% penalty is the only
10. Deposits and Overpayment Credits: If you made deposits prior to
one charged.
filing this return and/or if you overpaid on a previous return and want
that amount credited to your account, place that amount here.
13. Interest: Any fraction of a month is considered as a whole month. The
rate is 0.8% per month during 1999 and accrues on the unpaid tax from
the due date of the return. Interest cannot be waived.
You must file this return even if you had no sales this quarter.
If you had no sales in Iowa this quarter,
RUQ
IOWA DEPARTMENT OF REVENUE AND FINANCE
put zeroes on lines 1 and 14.
32-001
RETAILER'S USE TAX QUARTERLY RETURN
(4/99)
1 Gross Sales in Iowa for entire quarter
2 Goods Consumed in Iowa for entire quarter
3 Total (add lines 1 and 2)
4 Exemptions (from line 23) for entire quarter
5 Taxable Amount (line 3 minus line 4)
Date Due
Permit No.
For Quarter Ending
6 State Sales Tax (5% of line 5) for entire quarter
7 Total Local Option Tax for entire quarter
8 Total School Local Option Tax for entire quarter
9 Total Tax (add lines 6, 7 and 8)
10 Deposits and Overpayment Credits
11 Balance (line 9 minus line 10)
12 Penalty (if applicable)
Title
Date
Signature of Retailer or Agent
13 Interest (if applicable, .008 per month)
Daytime Phone No.: ________________
Check box if you wish to cancel your tax permit, and
14 Total Amount Due (add lines 11-13)
give the last date of making taxable sales: _________________

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