Form Rpd-41278 - Cigarette Stamp Inventory Tax Return

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RPD-41278
STATE OF NEW MEXICO - TAXATION AND REVENUE DEPARTMENT
REV. 07/2010
Cigarette Stamp Inventory Tax Return
At the close of business on June 30, 2010, distributors who are licensed to affix cigarette stamps to
WHO MUST FILE THIS FORM:
packages or containers of cigarettes according to the Cigarette Tax Act are required to take inventory of the cigarette stamps on hand. If
the distributor is conducting business at 12am (midnight) on June 30, 2010, then close of business means 12am on June 30, 2010. Ef-
fective July 1, 2010, New Mexico’s cigarette tax increases by $0.9375 per pack if packaged in lots of 25 cigarettes, and $0.75 per pack if
packaged in lots of 20, 10 or 5 cigarettes. Each distributor is required to take an inventory of tax stamps and tax-exempt stamps, report
the total number of cigarette stamps in inventory and pay the difference between the old and the new cigarette tax rate. A completed Form
RPD-41278, Cigarette Stamp Inventory Tax Return, and payment are due to the New Mexico Taxation and Revenue Department on or
before August 25, 2010.
Quantity of stamps on hand includes all New Mexico cigarette stamps affixed or unaffixed to packages of cigarettes regardless of where
they are located. You must include the total number of cigarette stamps to which you retain legal ownership at the close of business on
June 30, 2010, whether in transit, stored at another location, or in your possession.
FILING INSTRUCTIONS:
Complete Form RPD-41278, Cigarette Stamp Inventory Tax Return and calculate your tax due. Make the
check or money order payable to the New Mexico Taxation and Revenue Department. Mail the form and payment to New Mexico Taxation
and Revenue Department, Cigarette Tax Unit, P.O. Box 25123, Santa Fe, NM 87504-5123. For assistance contact (505) 827-6842.
Federal employer identification number
Name and address of purchaser
or social security number
New Mexico CRS identification number
Telephone number and e-mail address
Name of person to contact
Stamp denomination
Quantity of stamps
Calculate the
Cigarette stamp inventory
on hand
tax due
tax due
20 Stick Stamps
Multiply the quantity
One stamp provides proof that tax has been
of stamps on hand
paid for a package or container of 5, 10, or 20
by $0.75.
cigarettes. A full roll contains 30,000 stamps. A
x $0.75
full sheet contains 1,500 stamps.
Multiply the quantity
25 Stick Stamps
of stamps on hand
One stamp provides proof that tax has been paid
by $0.9375.
for a package or container of 25 cigarettes. A full
x $0.9375
sheet contains 1,500 stamps.
Tax-exempt Stamps
No tax is due, however
Tax-exempt stamps continue to be provided free
you must provide an
of charge to qualified distributors. No tax is due,
inventory count of tax-
however an inventory count is required. A full roll
exempt stamps.
contains 15,000 stamps.
Tax due.
Total cigarette stamp
Enter total tax due for 20 and 25 Stick Stamps.
inventory tax
Interest.
Interest accrues daily on the unpaid amount of tax due, and
can change on a quarterly basis. The effective annual and daily interest
rates are posted on the Department’s web page at
Interest
or can be obtained by contacting the Department.
Add penalty if the entity fails to file timely or to pay the amount
Penalty.
of cigarette stamp inventory tax due by August 25, 2010. Calculate the
Penalty
penalty by multiplying the unpaid tax due by 2%, then by the number of
months or partial months for which the return or payment is late, not to
exceed 20% of the tax due. The penalty may not be less than $5.00.
Total due
Total due.
Enter total tax, interest and penalty.
I declare that I have examined this return, and to the best of my knowledge and belief it is true, correct and complete.
Signature of taxpayer or authorized agent
Date

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