Form Boe-501-Ps - Supplier Of Motor Vehicle Fuel Tax Return - 2013 Page 7
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8STATE OF CALIFORNIA
BOE-501-PS (S4F) REV. 9 (4-13)
BOARD OF EQUALIZATION
Section C. Taxable Gallons Computation
Line 1. Enter the total gallons for transactions subject to tax from section A, line 10, columns A, B, and C.
Line 2. Enter the total gallons of tax-paid credits from section B, line 8, columns A, B, and C.
Line 3. Enter taxable gallons by subtracting line 2 from line 1 for columns A, B, and C. Also enter these totals on line 1,
columns A, B, and C, on the front of the return. (Taxable gallons may not result in a negative tax due amount. If
the total of line 3, columns A, B, and C, is a negative amount, then one or more of the credits in section B must
be offset on Schedule 5H. Credits offset on Schedule 5H must be claimed for refund of the tax which is filed with
the State Controller.)
Section D. Prepayment Accounts - Penalty and Interest Calculation
Line 1. Enter the total tax due from line 4 on the front of the return.
Line 2. Enter the amount of the tax already paid for the period.
Line 3. Enter the remaining tax due by subtracting line 2 from line 1.
Line 4. If you file this return or pay your remaining tax due on line 3 after the date shown on the front of this return, you
will owe a penalty of ten percent (0.10) of the amount of tax due. Multiply the remaining tax due on line 3 by
(0.10) and enter here. Enter this amount on line 5 on the front of the return.
Line 5. If you are paying the remaining tax due on line 3 after the date shown on the front of this return, you will owe
interest. Interest applies for each month, or fraction of a month, that your payment is late. Multiply the remaining
tax due on line 3 by the interest rate shown, then multiply the result by the number of months, including any
fraction of a month, that has elapsed since the due date and enter the amount here. Also, enter this amount on
line 6 on the front of the return.
Preparation of the Return
Before completing the return, prepare the applicable Receipt, Disbursement, and Summary Schedules and the
Tax Computation Worksheet.
Line 1. Enter the total gallons on which tax applies from section C, line 3, columns A, B, and C, of the Tax Computation
Worksheet.
Line 2. These are the rates of tax for motor vehicle fuel and aviation gasoline.
Line 3. For columns A, B, and C, multiply line 1 by line 2 for each column and enter the result in the appropriate column
on line 3.
Line 4. Enter the total tax due by adding columns A, B, and C of line 3.
Line 5. If you pay the tax due on line 4 or file your return after the due date shown on the front of this return, you owe a
penalty of ten percent (0.10) of the amount of remaining tax due. Multiply the tax due on line 4 by (0.10) and
enter here. (If your account is a "Tax Prepayment Account," see section D of the Tax Computation Worksheet
to calculate the penalty due.) Returns and payments must be postmarked or received on or before the due date
of the return to be considered timely. If the due date falls on a Saturday, Sunday or state holiday, returns
postmarked or received on the next business day will be considered timely. Businesses required to pay motor
vehicle fuel tax by electronic funds transfer (EFT) may also be subject to a 10 percent penalty for failure to pay by
EFT (payment by check, for example). However, 10 percent is the maximum penalty applied to late returns and
payments.
Line 6. If you are paying your tax on line 4 after the date shown on the front of this return, you will owe interest. The
interest rate noted on the front of this return applies for each month, or fraction of a month, that your payment is
late. Multiply the tax due on line 4 by the interest rate shown, then multiply the result by the number of months,
including any fraction of a month, that has elapsed since the due date and enter here. (If your account is a "Tax
Prepayment Account," see section D of the Tax Computation Worksheet to calculate the interest due.)
Line 7. Enter the total amount due and payable by adding lines 4, 5, and 6. (If your account is a "Tax Prepayment
Account," this is the total amount due for the period, including the prepayment. Your payment with this return
should only be for the remaining tax due, plus penalty and interest, if applicable.)
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