Fillable Form Sg-1 - Virginia Small Grains Assessment Return printable pdf download

Small Grains Assessment Return Instructions

General: The handler of small grains who purchases small grains (barley,

mailing address, or if you are completely out of business, complete Form

oats, rye or wheat) produced in Virginia shall deduct from payments made

R-3, Registration Change Request or notify the department by letter. Send

to the farmer the amount of the assessment levied thereon and shall

the form or letter to the Virginia Department of Taxation, P.O. Box 1114,

remit such assessment to the Virginia Department of Taxation along with

Richmond, Virginia 23218-1114.

a statement of the gross volume of Virginia produced small grains which

has been handled.

Questions: Call (804) 786-2450 or write the Virginia Department of

Taxation, P.O. Box 715, Richmond, VA 23218-0715. If you have Internet

“Handler” means any person who purchases small grains from a farmer

access, you can obtain most Virginia tax forms from the Department’s web

and includes a farmer who transports and sells his own grain out of state.

site

“Handler” also means any person, public or private corporation, or any

association or partnership buying, accepting for shipment, or otherwise

Assessment Rate: The assessment is one-half of one percent (.005) of

acquiring property in small grains from a farmer, and shall include a

the selling price per bushel.

mortgagee, pledgee, lienor, or other person, public or private, having a

claim against the farmer, when the actual or constructive possession of

Interest: Interest at the underpayment rate established by Section 6621

such small grains are taken as part payment or in satisfaction of such

of the Internal Revenue Code, plus 2%, will be added to the tax if not paid

mortgage, pledge, lien or claim.

by the due date. Enter interest if you file the return and/or pay the tax after

the due date.

Filing Procedure: The Small Grains Assessment form must be filed with the

Virginia Department of Taxation along with payment for the amount collected

Penalties and Interest: If the tax is not paid when due, a penalty of 5% of

from farmers in the previous quarter. Returns are due by the last day of

the tax due will be added to the tax, and the Virginia Department of Taxation

the month following March 31, June 30, September 30, and December 31.

will notify the taxpayer of such delinquency. If the tax and penalty are not

paid within 30 days of the notification, interest at the underpayment rate

Send completed return below to: Virginia Department of Taxation

established by Section 6621 of the Internal Revenue Code, plus 2%, will

Virginia Small Grains Assessment

be added on both the tax and penalty.

PO Box 2185

Richmond VA 23218-2185

Declaration and Signature: Be sure to sign, date and enter your phone

number on the return in the space indicated.

Change of Address or Out-of-Business: If you change your business or

Worksheet For Computing Small Grains Assessment

Complete this worksheet and transfer items indicated by the arrows to corresponding lines on Small Grains Assessment return

(Form SG-1) below.

Total Number of Bushels

◄

Enter the total of Virginia produced bushels of small grains handled.

(Including those sold to out-of-state dealers, others and those produced by the handler.)

Total Sales Price

◄

Enter the total sales price of all Virginia produced bushels handled.

Assessment

◄

Enter the amount of the assessment, .5% of selling price per bushel.

(Line 2 X .005)

Interest for Late Filing and Payment

◄

See instructions above.

Total

◄

Enter total amount due. (Add Lines 3 and 4)

Detach at dotted line below. DO NOT SEND ENTIRE PAGE.

Virginia Small Grains Assessment Return

Form SG-1

(Doc ID 241)

Do NOT staple.

For assistance, call (804)786-2450.

Period

Due Date

Barley

Check each type of grain

Wheat

0000000000000000 2410000 000000

handled during this period.

Oat

Acct. #

FEIN

Rye

1 Total Number of Bushels

Name

2 Total Sales Price

Address

3 Assessment

City

State

ZIP

(Line 2 X .005)

4 Interest for Late Filing and Payment

I declare that this return (including accompanying schedules and statements) has been

examined by me and to the best of my knowledge and belief is true, correct and complete.

5 Total

Signature

Date

Phone Number

(Add Lines 3 and 4)

Va. Dept. of Taxation SG-1 AR F 2601172 REV 7/05

Form Sg-1 - Virginia Small Grains Assessment Return

Related Articles

Related forms

Related Categories