Form Cx-1 - Virginia Cotton Assessment Return

Download a blank fillable Form Cx-1 - Virginia Cotton Assessment Return in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Cx-1 - Virginia Cotton Assessment Return with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

Cotton Assessment Return Instructions
General Liability: An assessment is levied on any cotton sold in Virginia.
Questions: Call (804) 786-2450 or write the Virginia Department
The handler is responsible for deducting the assessment from payments
of Taxation, P.O. Box 715, Richmond, VA 23218-0715. You can obtain
for cotton purchased from the owner. For purposes of this tax, “handler”
most Virginia tax forms at
means a commercial enterprise that gins cotton.
Assessment Rate: The assessment for cotton ginned on or after
Filing Procedure: The Cotton Assessment return must be filed and the
September 1, 2006 is $.95 per bale. The assessment for cotton ginned
tax paid by the handler to the Virginia Department of Taxation on or before
prior to September 1, 2006 is $.85 per bale.
the last day of the month following the end of each quarter. Quarters end
March 31, June 30, September 30, and December 31.
Penalties and Interest: If the assessment is not paid when due, a penalty
of 5% of the tax due will be added to the tax, and the Virginia Department
Send completed return below to: Virginia Department of Taxation
of Taxation will notify the taxpayer of such delinquency. If any assessment
Virginia Cotton Assessment
is not paid within 30 days of the notification, interest will accrue on unpaid
PO Box 2185
tax at the underpayment rate established by Section 6621 of the Internal
Richmond VA 23218-2185
Revenue Code, plus 2%, from the due date through the date paid.
Change of Address or Out-of-Business: If you change your business or
Declaration and Signature: Be sure to sign, date and enter your phone
mailing address, or if you are completely out of business, complete Form
number on the return in the space indicated.
R-3, Registration Change Request or notify the department by letter. Send
the form or letter to the Virginia Department of Taxation, P.O. Box 1114,
Attachment: Attach a list of each owner from whom the cotton assessment
Richmond, Virginia 23218-1114.
was collected and the amount paid. Be sure to include your name, address
and account number on the list.
Worksheet For Computing Cotton Assessment
Complete this worksheet and transfer amounts in Column 3 indicated by the arrows to corresponding lines on Cotton Assessment Return
(Form CX-1) below.
Column 1
Column 2
Column 3
Cotton ginned
Cotton ginned
Total
prior to
on or after
Add Columns 1 and 2
9/01/2006
9/01/2006
$.85 per bale
$.95 per bale
Number of Bales
1
Enter the total bales of cotton ginned during the quarter covered by this
return.
-
Tax
See Instructions for assessment rate.
2
Multiply Line 1 by the rate for the period shown at the top of Columns 1
and 2
Penalty for Late Filing and Payment
3
See instructions above.
Interest for Late Filing and Payment
4
See instructions above
Total
5
Enter total amount due. (Add Lines 2, 3 and 4)
Detach at dotted line below. DO NOT SEND ENTIRE PAGE.
Virginia Cotton Assessment Return
Form CX-1
(Doc ID 221)
For assistance, call (804)786-2450.
Period
Due Date
Check if Out-of-Business and enter the termination/sold date
Number of Bales
0000000000000000 2218888 000000
1
Line 1, Column 3 from
Worksheet
Account Number
FEIN
Tax
2
Line 2, Column 3 from
Name
Worksheet
Penalty for Late
Address
3
Filing and Payment
City
State
Zip
Interest for Late
4
Filing and Payment
I declare that this return (including accompanying schedules and statements) has been
examined by me and to the best of my knowledge and belief is true, correct and complete.
Total
5
(Add Lines 2, 3 and 4)
.
Signature
Date
Phone Number
VA FORM CX-1 W - REV 8/06

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go