Form Com/att-643 - Cigarette Wholesale Cost Of Doing Business Page 4
Download a blank fillable Form Com/att-643 - Cigarette Wholesale Cost Of Doing Business 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 Com/att-643 - Cigarette Wholesale Cost Of Doing Business 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
1
2
3
4Comptroller of Maryland
MATT Regulatory Division
Alcohol and Tobacco Tax
Louis L. Goldstein Treasury Building, Room 317
P.O. Box 2999
Annapolis, Maryland 21404-2999
Who may file Form COM/ATT-643? A wholesaler who wishes to be approved for a lower cost of doing business shall submit
an application to the Comptroller on this Form.
When should Form COM/ATT-643 be filed? If a wholesaler is not currently approved for a lesser cost, this form must be filed
60 days before the desired effective date. If currently approved, for a lesser cost, this form must be filed not later than April
1 annually to be effective with the license year beginning May 1, and other times as may be requested by the Comptroller.
General Instructions: For all expenses shown on Lines 1, 2, and 5 through 19, enter the cigarette portion of the expense in
Column A, the remaining portion in Column B, and the total amount shown on your Federal Tax Return in Column C. Line 3 and
Line 4 will only apply to Cigarettes.
Specific Instructions:
Line
1
Enter the Total Income as reported on your Federal Tax Return.
2
Enter the Cost of Goods Sold as reported on your Federal Tax Return.
3
In Column A, enter excluded discounts such as Manufacturers’ Rebates and Trade Loader Gains. The cost of
cigarettes should be adjusted to include only the following discounts in arriving at the basic cost of cigarettes -
Manufacturers’ Incentive Program, Electronic Fund Transfer Discounts, and Tax Stamp Discounts.
Manufacturers’ Rebate Programs and Trade Loader Gains cannot be taken into account in arriving at the cost
of cigarettes.
4
In Column A, enter adjusted cost of goods sold for cigarettes.
5 - 18
Enter each line item as shown on the appropriate line of your Federal Tax Return and broken down as explained
in the General Instructions.
19
Add Line 5 through Line 18 and enter the total.
20
Divide Line 19 total by Line 4 total. Round the resulting percentage at 2 decimal places.
21 - 29
Identify the amount of the expense that falls under each of the allocations listed in Regulation 03.02.03.07 A(4),
and provided on Line 5 through 18. Line No. entered in Column F is from Federal Return.
30
Add Line 21 through Line 29. The total on Line 30, Column E must equal the total on Line 19, Column A.
The following documentation is required to be submitted with this form:
All applicants must submit written advice, along with any supporting worksheets or documentation, of the criteria and
methodology used to determine the portion of your company’s total expense that has been identified as “Cigarette”
expense.
A Corporation should submit a copy of its most recently filed Form 1120, U.S. Corporation Income Tax Return along with
its associated schedules.
A Partnership should submit a copy of its most recently filed Form 1065, U.S. Partnership Return of Income
along with
its associated schedules.
A Sole Proprietorship should submit a copy of its most recently filed Form 1040, U.S. Individual Income Tax Return along
with Form 1040 - Schedule C - Profit or Loss From Business.
COM/ATT-643
Revised 2/08
Page 4
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial