Fillable Form Otp-M - Other Tobacco Products Monthly Return

Line 11 – Tax on Tobacco Products/Refund

Identiﬁ cation Number:

Sum the totals of the two columns for line 10 and enter total. If

The identiﬁ cation number is the Federal Identiﬁ cation Number

the number is negative a refund is due.

of the company/person you are transacting business with. If the

person does not have a Federal Identiﬁ cation Number then use

Line 12 – Collection Allowance

the person’s Social Security Number.

Multiply line 11 by .006 and enter the total. This allowance is

available only if the return has been ﬁ led by the due date. Note:

OTP-Schedule 3

This total reduces both a required tax payment and a refund you

Schedule 3 should be completed when you have a bad debt to

may be due.

be deducted from Other Tobacco Products Receipts. “Bad Debt”

means the taxes attributable to any portion of a debt that is related

Line 13 – Tax Due or Refund

to a sale of tobacco products subject to tax under Article 6-7-2-7

Subtract Line 12 from Line 11 and enter total.

that is not otherwise deductible or excludable, that has become

worthless or uncollectible in the time period between the date

Line 14 – Penalty

when taxes accrue to the state for the present return, and that is

If your return is late, you are assessed a late fee. The late fee is

eligible to be claimed, or could be eligible to be claimed if the

10% of the tax due or $5.00 whichever is larger. Enter the larger

licensee kept accounts on an accrual basis, as a deduction

amount.

pursuant to section 166 of the Internal Revenue Code. A bad

debt shall not include any interest on the wholesale price of a

Line 15 – Interest

tobacco product, uncollectible amounts on property that remains

If your return is ﬁ led late you owe interest from the date the

in the possession of the licensee until the full purchase price

payment was due. Enter the amount of interest due.

is paid, expenses incurred in attempting to collect any account

receivable or any portion of the debt recovered, any accounts

Line 16 – Total with Penalty and Interest

receivable that have been sold to a third party for collection, and

Sum lines 13-15 and enter total.

repossessed property.

Line 17 – Refund Claimed

The completed Schedule 3 must include all information

Enter the amount of the refund you are due.

requested or the deduction will be denied.

Line 18 – Total Remittance

Column A - Identiﬁ cation Number: Provide the identiﬁ cation

Enter the amount being remitted to the department. This should

number of the company from whom you purchased the tobacco

match the total on Line 13.

product that corresponds to the product that was sold and became

uncollectible. The same rules apply for the identiﬁ cation number

as they did for OTP-Schedule 1.

ALL SUPPORTING INFORMATION IS TO BE LISTED

ALPHABETICALLY BY SELLER/CUSTOMER, THEN IN

Column B - Invoice Number: Provide the invoice number of the

ASCENDING ORDER USING THE INVOICE/CREDIT MEMO

product purchased that corresponds to the product that was sold

DATE

and became uncollectible.

Column C - Date: Provide the date of the invoice.

Supporting Schedule Information

Column D – Month/Year Tax Was Paid On Monthly Return:

OTP-Schedule 1

Provide the month and year of the return in which the product

This schedule will be used by all Indiana licensed distributors.

purchased on the invoice stated in column B was reported.

Distributors will place an X next to the category being reported.

A separate schedule 1 will be used for each category.

Column E - Identiﬁ cation Number: Provide the identiﬁ cation

Distributors will separate “Tobacco Products” (all but Moist Snuff)

number of the company to whom the product was sold. The same

and Moist Snuff, and sum totals for each column. This information

rules apply for the identiﬁ cation number as they did for OTP-

will be carried forward to the OTP-M return.

Schedule 1.

Identiﬁ cation Number:

Column F - Invoice Number: Provide the invoice number of the

The identiﬁ cation number is the Federal Identiﬁ cation Number

sale.

of the company/person you are transacting business with. If the

person does not have a Federal Identiﬁ cation Number then use

Column G - Date: Provide the date of the invoice.

the person’s Social Security Number.

Column H - Date Written Off as Uncollectible: Provide the date

OTP-Schedule 2

the uncollectible amount was written off per your books.

This schedule is required only for Indiana resident distributors.

Resident distributors will provide monthly totals of all tobacco

Column I - Amount: Provide the amount written off as

products sold by customer to Indiana residents. Distributors will

uncollectible.

report in separate columns “Tobacco Products” (all but Moist

Snuff) and “Moist Snuff”.

Column J - Wholesale Price: Provide the wholesale price of

the product that was deemed uncollectible (This is the amount

you paid for the product, not what you sold it for). All Tobacco

Products purchased prior to January 1, 2012 will be reported as

Form Otp-M - Other Tobacco Products Monthly Return - 2012 Page 3

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