Fillable Form Dws 726 - Direct Wine Sellers Excise Tax Report (Page 2 of 2) in pdf

Form DWS 726 Instructions

Direct Wine Sellers Excise Tax Report

(For Sellers Located Outside of Indiana)

Round all gallons to the nearest whole number for Lines 1 through 4.

Line 1. Direct Wine Gallons Sold: Enter all wine gallons (taxable and exempt) sold directly to consumers in Indiana.

This figure is carried forward from the grand total on Schedule DWS 726 - Type A.

Line 2. Exempt Gallons Sold for Sacramental Purposes: Enter the number of wine gallons sold exempt of tax for sac-

ramental purposes. This figure is carried forward from the grand total on Schedule DWS 726 - Type B. These gallons must

also be included on Line 1 before they can be reported on this line.

Line 3. Gallons Returned to Winery: Enter the number of wine gallons returned to the winery. This figure is carried

forward from the grand total on Schedule DWS 726 - Type C. These gallons must also be included on Line 1 in this month

or a prior month before they can be reported on this line.

Line 4. Gallons Subject to Tax: Subtract Lines 2 and 3 from Line 1 to arrive at the taxable gallons sold into Indiana.

Line 5. Multiply Subject Gallons by Tax Rate: Multiply Line 4 times the tax rate of $0.47 per gallon. Enter the gross tax

amount on this line.

Line 6. Timely Payment Discount 1.5 Percent: Multiply Line 5 times the discount rate of 1.5 percent (.015) if the tax

return is filed and payment is remitted on time. Enter the discount amount on this line. If the return is filed late or does

not include the full payment, enter a zero on this line.

Line 7. Tax Due: Subtract Line 6 from Line 5 and enter the net tax due on this line.

Line 8. Adjustments Authorized by the Department of Revenue: Enter the dollar amount of any adjustment to tax.

Reasons for adjustments may include an overpayment in a previous month or some other miscellaneous reason. Ap-

proval from the Department of Revenue must be granted before this adjustment is listed. Documentation must be

attached to the tax return when claiming this adjustment. If the adjustment is a reduction in tax, enter the amount as a

negative with brackets.

Line 9. Penalty: If the tax return is filed late enter 10 percent penalty amount on this line. Multiply Line 7 times 10 per-

cent (.10) to calculate the penalty. If the calculation equals less than $5.00, then enter the minimum amount of $5.00. Any

tax return with a postmark date after the twentieth day of the next month qualifies as a late filing. Even if there is no tax

due a penalty of $5.00 is due for a late filing.

Line 10. Interest: If the tax return is filed late, interest must be calculated and paid on the past due tax amount. Contact

the Department of Revenue (317) 615-2562 for instructions on how to calculate the interest.

Line 11. Total Amount Due: Sum the totals on Lines 7, 8, 9 and 10 and enter the amount on this line. If Line 8 is a nega-

tive adjustment, be sure to subtract it. This line is the total amount owed. Make a check payable to the Indiana Depart-

ment of Revenue and enclose it with the tax return.

Note: If the due date falls on a weekend or holiday, the return will be due the next business day.

Final Return/Close Date: Checking this box will not close your business account. When a business location is closed,

complete Form BC-100; Appropriate documentation should be attached to the BC-100. You may request Form BC-100 by

calling (317) 232-2045 or visit

Questions related to this form: Call (317) 615-2710

Form Dws 726 - Direct Wine Sellers Excise Tax Report Page 2