Form O-255 - Wholesale Alcoholic Beverages Tax Return Page 4

Download a blank fillable Form O-255 - Wholesale Alcoholic Beverages 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 O-255 - Wholesale Alcoholic Beverages 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

Line 13: Enter the totals from Schedule D for quantities
Specifi c Instructions - Front
shipped tax exempt to other distributors in Connecticut.
Line 1: Enter the sum of the amounts entered in Line 17 of
Columns A through H, on the back of the return.
Line 14: Enter the totals of Lines 11, 12, and 13 for each
column.
Line 2: Enter total amount of tax credit if any has been
authorized, for use on this return and attach the credit notice.
Line 15: Subtract Line 14 from Line 10.
Line 3: Subtract Line 2 from Line 1.
Line 16: The tax rate for Columns A through H applies to each
quantity converted to decimal system including the fractional
Line 4: The penalty for an incomplete return or late fi ling
part of each quantity. In computing quantity for each column it
is calculated at 10% (.10) of the amount of the tax due and
is mandatory that Column A contains barrels; Columns B, C,
unpaid or $50, whichever is greater. This penalty is in addition
D, E, F, and H contain wine gallons; and Column G contains
to any other penalty provided for in Chapter 220 of the general
proof gallons.
statutes.
Line 17: The tax amount for each column represents the
Line 5: Interest for late payment is calculated at 1% of the
result of the tax rate applied for each classifi cation of alcoholic
tax per month or fraction of the month from the due date to
beverage. Multiply Line 15 by Line 16 for each column.
the date of payment.
Line 6: Enter the sum of Lines 3, 4, and 5.
Line 7: Failure to respond Yes or No may be considered an
incomplete return. Pledged means the assignment of these
assets as security for loans negotiated.
0-255 Instructions (Rev. 06/11)
Page 4 of 4

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 4