Form 4050 Instructions - City Of Ketchum Local Option Sales Tax

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EIN00057
11-18-13
FORM 4050 INSTRUCTIONS — CITY OF KETCHUM LOCAL OPTION SALES TAX
YOU MUST FILE A RETURN FOR EACH TAX PERIOD, EVEN WHEN NO TAX IS DUE.
LABELS ARE INCLUDED FOR YOUR CONVENIENCE.
General. You are required to report tax using the accrual
Line 2. Tax on room sales. Multiply line 1 by 3%.
method. This means that you must report and pay tax on all
cash and credit sales and items purchased subject to tax
Line 3. Total taxable liquor by-the-drink sales (including
even if payment has not been made. You must sign your
wine and beer). Enter the amount of all accrued sales for
return to make it valid. Unsigned returns may result in
the period, including cash and credit transactions. (Total
penalty or interest, or both.
liquor by-the-drink sales less sales exempted by Title 63,
Chapter 36, Idaho Code or federal preemption.)
Due date. Returns cover either one month, quarter,
semiannual, or annual period. Each return indicates the
Line 4. Tax on liquor by-the-drink sales. Multiply line 3 by
period covered and the due date.
3%.
To file a return for the periods before 1/1/2014, please
Line 5. Total other retail sales (including building
contact the City of Ketchum.
materials). Enter the amount of all accrued sales for the
period, including cash and credit transactions. Exclude
City of Ketchum
groceries and motor vehicles registered in Idaho.
480 East Avenue N
Line 6. Less nontaxable other retail sales. Enter the
PO Box 2315
Ketchum, ID 83340
amount of all nontaxable sales included in line 5 for the
(208) 726-3841
period, including cash and credit transactions.
Even if you have made no sales, you must file a return on
Line 7. Net other retail sales. Subtract line 6 from line 5.
time. Simply write -0- in the appropriate areas of the return.
Line 8. Tax on other retail sales. Multiply line 7 by 2%.
Change of mailing address. Mark the "mailing address
change" box on your tax return and provide the new address.
Line 9. Total tax. Add lines 2, 4, and 8.
Change in operation/ownership. Your City of Ketchum
Line 10. Penalty. Late returns are subject to a penalty. No
local option sales tax account will be automatically updated
penalty is due if no tax is due. The penalty is 5% of the tax
to match your Idaho sales and use tax account. You
due for each late month or portion of a month. The maximum
must report any change in operation of your business
penalty is 25%, and the minimum penalty amount is $10.
on an amended Idaho Business Registration Form. You
must report any changes in name, partners or officers,
Line 11. Interest. Interest accrues on late payments from
restructuring of ownership, address changes, or additional
the due date until paid. Rates are as follows:
locations. You can also make these changes online through
tax.idaho.gov by clicking on "Apply for a business permit"
1/1/2014 - 12/31/2014, 4% per year
under the Online Services heading.
Line 12. Total due this period. Add lines 9, 10, and 11.
New owner. If you're a new owner of a business, don't
Pay this amount.
use a return addressed to the former owner. Permits are
not transferable. You can apply for a new account number
Payment by electronic funds transfer (EFT). You can
through tax.idaho.gov by clicking on "Apply for a business
use EFT to make a payment. Whenever the amount due
permit" under the Online Services heading. You can also
is $100,000 or greater, the law requires you to use EFT.
complete the Idaho Business Registration form available
You must file your written return on or before the due date,
online at tax.idaho.gov or by calling the Idaho State Tax
indicating payment by electronic funds transfer.
Commission.
Payment by check. Make your check or money order
Cancel permit. If this is your last return, mark the "cancel
payable to the Idaho State Tax Commission. Don't staple
permit" box on your return. Attach a statement giving
your check to your return or send a check stub.
information and the date of disposition of the business. If you
operate more than one business location under this permit
Payment by credit/debit card and e-check. You can use
number, please specify which location is closed and which is
a credit/debit card or e-check to make payments under
still open.
$100,000 to the state of Idaho. You can pay through our
website at tax.idaho.gov. We accept American Express,
Line 1. Total taxable room sales. Enter the amount of
Discover, MasterCard, and Visa. If you pay with a credit/
all accrued sales for the period, including cash and credit
debit card or e-check, our third-party provider will charge a
transactions. (Total room sales less sales exempted by Title
convenience fee.
63, Chapter 36, Idaho Code or federal preemption.)
Mail return to: Idaho State Tax Commission, PO Box 76, Boise, ID 83707-0076
CONTACT US
IDAHO STATE TAX COMMISSION OFFICES
In the Boise Area: 334-7660
800 Park Blvd., Plaza IV
440 Falls Ave.
or
Boise, Idaho 83712
Twin Falls, Idaho 83301
Toll Free: (800) 972-7660
1910 Northwest Blvd., Suite 100
611 Wilson Ave., Suite 5
Hearing Impaired (TDD)
Coeur d’Alene, Idaho 83814
Pocatello, Idaho 83201
(800) 377-3529
1118 F St.
150 Shoup Ave., Suite 16
Lewiston, Idaho 83501
Idaho Falls, Idaho 83402

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