Form Boe-367-Eft - Eft Filing Instructions For Sales And Use Tax Prepayment Accounts

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BOE-367-EFT (FRONT) REV. 2 (2-00)
STATE OF CALIFORNIA
BOARD OF EQUALIZATION
EFT FILING INSTRUCTIONS FOR
SALES AND USE TAX PREPAYMENT ACCOUNTS
(The following due dates do not apply to taxpayers filing on a special reporting basis.)
Prepayments of tax are due as follows:
FIRST, THIRD AND FOURTH CALENDAR QUARTERS
The first prepayment is due on or before the 24th day of the month following the first month of the quarter.
The second prepayment is due on or before the 24th day of the month following the second month of the quarter.
All prepayments in the first, third and fourth quarters must be an amount:
1. not less than 90% of the tax liability for the month, or
2. equal to one-third (1/3) of the measure of tax liability reported for the corresponding quarterly period of the preceding year
multiplied by the tax rate in effect when prepayment is made, provided you or your predecessor were in business during all of
the quarter.
SECOND CALENDAR QUARTER
The first prepayment is due on or before May 24th. This prepayment is for the month of April and must be an amount equal to:
1. not less than 90% of the tax liability for the month of April, or
2. one-third (1/3) of the measure of tax liability reported for the corresponding quarterly period of the preceding year multiplied by
the tax rate in effect when prepayment is made, provided you or your predecessor were in business during all of the quarter.
The second prepayment is due on or before June 24th. This prepayment is for the period of MAY 1 through JUNE 15 and must be an
amount equal to:
1. 90% of the tax liability for May plus 90% of the tax liability for the first 15 days of June, or
2. 135% of the tax liability for May or
3. one-half (1/2) of the measure of tax liability reported for the corresponding quarterly period of the preceding year multiplied by
the tax rate in effect when prepayment is made, provided you or your predecessor were in business during all of the quarter.
Schedule for Electronic Funds Transfer Payments of Sales and Use Taxes
(Showing Correct Tax Type Code for Period Ending Date)
QUARTERLY OR QUARTERLY PREPAYMENT REPORTING BASIS FOR SALES AND USE TAX
TAX TYPE
REPORTING PERIOD
DUE DATE
PERIOD ENDING DATE
CODE
1ST QUARTER (JANUARY—MARCH)
2/24/YY
FIRST PREPAYMENT
04101
1/31/YY
3/24/YY
SECOND PREPAYMENT
04102
Last day of February
QUARTERLY PAYMENT
4/30/YY
04100
3/31/YY
2ND QUARTER (APRIL—JUNE)
FIRST PREPAYMENT
4/30/YY
5/24/YY
04101
SECOND PREPAYMENT
04102
6/15/YY
6/24/YY
7/31/YY
QUARTERLY PAYMENT
04100
6/30/YY
3RD QUARTER (JULY—SEPTEMBER)
FIRST PREPAYMENT
8/24/YY
04101
7/31/YY
SECOND PREPAYMENT
8/31/YY
9/24/YY
04102
QUARTERLY PAYMENT
9/30/YY
10/31/YY
04100
4TH QUARTER (OCTOBER—DECEMBER)
11/24/YY
FIRST PREPAYMENT
04101
10/31/YY
SECOND PREPAYMENT
12/24/YY
04102
11/30/YY
QUARTERLY PAYMENT
12/31/YY
1/31/YY
04100
Reminder: In addition to making your electronic payment, be sure to file your tax return through the mail on a timely basis.
(over)

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