Form Otp-M - Other Tobacco Products Monthly Return - 2012 Page 4
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4Tobacco Products. Products purchased on or after January 1,
3.
Evidence that the purchaser of the tobacco product did
2012 will be categorized as Tobacco Products (all but Moist Snuff)
not pay the licensee and that the licensee has used
or Moist Snuff.
reasonable collection practices to collect the debt. (Proof
of reasonable collection practices includes copies of
Column K - Number of Ounces: For Moist Snuff purchased on
delinquency letters, invoices showing past due amounts,
or after January 1, 2012 provide the number of ounces of product
and/or copies of US Certifi ed Mail cards showing the
that was deemed to be uncollectible.
person signed for the letter/invoice and /or refused to
accept the letter/invoice.)
Column L - Tax Rate: Provide the tax rate you paid for the
uncollectible product. A table has been provided on the form for
Note: The delivery of tobacco products to a purchaser
your convenience.
who is delinquent on a previous delivery of tobacco
products may result in the department requiring
Column M - Uncollectible Tobacco Products Tax: Multiply the
additional evidence that the licensee used reasonable
wholesale cost or the number of ounces by the appropriate tax
collection practices to collect the debt.
rate and enter the total(s).
4.
Explain why you decide the debt was worthless. For
Total Deduction:
example, you could show that the borrower had declared
Total Bad Debt Deduction: Sum the totals for each category of
bankruptcy, or that legal action to collect would probably
the Uncollectible Tobacco Products Tax Column and enter totals
not result in payment of this debt.
here and on lines 7a & 7b of the monthly return.
5.
A complete copy of the OTP tax returns and details that
pertain to this deduction for the period the tax was paid.
Please note that the following additional information must be
Failure to provide this information if requested could result
available upon request:
in an assessment for the amount of the deduction previously
1.
A copy of the original invoice that supports each of the
received.
bad debts listed above as well as copies of complete
returns with schedules.
2.
Evidence that the tobacco product was delivered to the
purchaser (e.g. a bill of lading signed by the purchaser).
NOTE: If all requested information is not provided for all returns and schedules, your return will be considered as received
incomplete and will result in a reduction of your collection allowance. In addition, you will jeopardize your license status,
including suspension, revocation, or denial of renewal.
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