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Instructions For Form Boe-401-A - State, Local, And District Sales And Use Tax Return Page 9

BOE-401-INST REV. 13 (4-13)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

Line 24. Penalty

If your tax payment is made, or your tax return is filed after the due date shown at the top of the return, you must pay a

10 percent penalty. Multiply line 23 by .10 and enter the result on line 24.

Returns and payments must be postmarked or received by 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 by the next business day will be

considered timely.

Businesses required to pay sales and use taxes by electronic funds transfer (EFT) may also be subject to a 10 per

cent penalty for failure to pay by EFT (payment made by check, for example). However, a 10 percent maximum penalty

applies to returns and return payments after January 1, 1997.

Line 25. Interest

If your payment is late (see line 24 instructions for an explanation of due dates), you must pay interest charges in addition

to penalty charges.

You owe one month’s interest for each month or portion of a month the payment is overdue. For example, if your pay

ment is one month and two weeks overdue, you owe two months’ interest.

Using the interest rate printed on line 25 of your return, multiply the rate times the total tax owed. Enter the result on

line 25.

Reminder: If you owe two or more months’ interest, as described above, you must multiply the amount due by the num

ber of months overdue.

Line 26. Total Amount Due and Payable

Add lines 23, 24, and 25. Enter the result on line 26. See page 1 for acceptable payment methods.

Instructions For Form Boe-401-A - State, Local, And District Sales And Use Tax Return Page 9