Help Me With Sign Arizona Banking Form

Arizona L 176 Fillable Form 2013-2019

the Arizona Department of Revenue presents a tutorial completing the TPT easy for a retail business the Arizona Department of Revenue offers free electronic filing at WWDC taxes gov for transaction privilege tax returns businesses with more than one physical location must file electronically in order to file electronically using ez taxes gov it is necessary to first register for an AZ taxes account on the EZ taxes website email notifications are sent to the user when the registration for online filing is complete the following tutorial gives an example of completing the TPT ez form for a retail business located in Cave Creek the TPT ez form may be used to report transaction privilege tax in the place of the TPT to form for businesses with only one location or jurisdiction the TPT ez is due the twentieth day of the month following the reporting period in which the tax is collected or accrued the new TPT ez form has separate sections to report combined state and county transaction details and city transaction details the form also has separate schedule a sections for the combined state and county deduction details and the City deduction details the schedule a sections must be correct and complete or deductions taken will be disallowed it is necessary to have all receipts records invoices and any worksheets applicable to the grocery seats for the reporting period before beginning to complete the return worksheets can be found on the AZ do our website for compiling and factoring transaction privilege tax and can be helpful for our example we will be preparing a return for a retail business with a store in Cave Creek the total combined tax rate for Cave Creek for the reporting period was nine point three percent the rate was comprised of a state and county combined rate of 6.3% and the city rate of tax of three percent for business code oh one seven the total sales for the reporting period are as follows gross receipts of three thousand three hundred sixty three dot sixty six cents exempt sales for resale transactions totaled two hundred and sixty five dollars the total tax collected at this location was two sixty three sixty page one of the new TPT easy will serve as a summary sheet for your return the upper left-hand portion of page one is for your business demographic information there are checkboxes to indicate if the return is amended a final return or if the business had no gross receipts to report there is a checkbox to indicate if the mailing address for the business has changed the upper right hand portion of page one has a space for the taxpayer identification number and license number of the business there are spaces for the period beginning and period ending dates for the return there is space for the department to record the postmark date and receive date of the return lines a a through FF on page one are used to summarize the totals of tax reported on the transaction details from page two of the form transaction detail sections and deduction details sections on page two must be completed before the summary on page 1 page 2 of the TPT easy is for reporting transaction and deduction details lines 1 through 6 are used to report the state and County combined transaction details subtotals for the combined state and county section are entered on line 7 the amount in column M must equal page 1 line a a lines 8 through 13 are used to report the city transaction details subtotals for the city section are entered on line 14 the amount in column M must equal page 1 line B B there are separate schedule a's for reporting the deduction details and totals for both the combined state and county section and the city section of the return the deduction amounts that are listed on the lines in column G must be itemized by category for each region code and business class reported the total amounts listed in schedule a must equal the total deduction amounts listed in column G for our example the location is in Maricopa County the region code for maricopa county is ma our for our example the business activity is retail which is entered in column e and the business code for column D is a17 the region code and business code can be found on the transaction privilege tax rate tables available on the Department's website column F is for gross receipts in our example that is 3360 $3.66 column G is the deduction total for our example this was 528 66 cents this includes tax factored or collected in this region and any exempt sales instructions on itemizing the deductions will be covered later in the tutorial subtract column G from column F this is the net income subject to tax and is entered in column H in this example that amount is 2008 thirty-five dollars if the return is not pre-printed or you are preparing a blank form you can find the combined state and County tax rates by checking the tax rate tables at wwsz do our govt if you receive your tax returns by mail or file online the tax rates for your activity or for the counties for which you report should be pre printed on the TPT form multiply column H by column I to get the total tax for the line item and enter the result in column J and our example the amount is 178 dollars and 61 cents the accounting credit rate for your business activity should be pre-printed on the form if you are preparing a blank form you can find the accounting credit rate in the tax rate tables at wwe's edu or gov the Department allows this credit to taxpayers who file and pay their transaction privilege tax is timely and in full if these conditions are not met the accounting credit will be disallowed the credit is equal to one percent of the amount of state tax due but cannot exceed $10,000 per business entity for a calendar year multiply column H by column K enter the result in column L for our example this amount is a dollar 59 subtract column L from column J this will give you the amount of tax for this line item in column M for our example this amount is one hundred seventy seven dollars and two cents subtotals for the combined state and county sections are entered on line seven the deduction amounts that are listed in the lines in column G must be itemized by category for each region code and business code reported the total amounts listed in the state and County combined schedule a must equal the total deduction amounts listed in column G mount on line seven column M for the subtotal of the combined state and county tax due will also be entered on page one line a a lines 8 through 13 are used to report the city transaction details column a is for the location code this is a three digit numeric code that identifies each location where you are doing business the location code can be found on your printed license column B is for the city code this column identifies the city or town in which you conduct business the city code is a two letter code and can be found in Table two of the tax rate tables the code for Cave Creek is ck column D is for the business code the business code is a three digit number that corresponds to your business activity the business code can be found on the tax rate tables wwa zdo are gov for our example the business activity is retail which will go in column E and the code for column D is O one seven note city business codes are often the same as the state business code but there can be differences where the tax base is not the same check the transaction privilege tax rate tables to be sure you are using the correct codes and rates for all city transactions in column F you enter the gross receipts from each business activity for each line item by location code in city code for our example this is three thousand three hundred sixty $3.66 at location zero zero one column G is the total of all deductions for each line item by location code business code and city code in our example the total deductions of five hundred twenty-eight sixty six cents were tax collected at this location of two sixty three sixty six and two hundred and sixty five dollars of exempt sale for resale transactions this will be itemized in schedule a column H is for the net income subtract column G from column F to get that amount in our example that's two thousand eight hundred thirty five dollars net income subject to tax column I is the city tax rate you can find the tax rates by checking the tax right tables at wwsz do our govt if you receive your tax returns by mail or file online tax rates for your business activities for the cities for which you report should be pre-printed on your t bt easy form for our example retail activity in Cave Creek has a city tax rate of 3% for the reporting period column J is the total tax amount per line item multiply column H by column I and enter the result in column J column L is for the city credit that only pertains to certain classifications of builders see the TPT two instructions ww a CD or gov for details on this credit our example is a retail business and so the credit amount here is zero column M is the city tax due by line-item subtract column L from column J this is the tax due for this line item the amounts on line fourteen column M for the subtotal of the city tax due will also be entered on page one line B B you the amounts on line 14 column M for the subtotal of city tax due will also be entered on page 1 line B B there are separate schedule A's for reporting the deduction details and totals for both the combined state and county section and city sections note the deduction amounts that have been listed in column G must be atomized by category for each region code and business code reported the total amounts listed in the schedule a must be equal to the total deductions listed in column G there is a schedule a state and County combined deduction detail this section is used to list the deductions that have been taken on the combined state and county lines of the TPT easy by region code business code and deduction code for our example in region code ma are there were deductions for two hundred and sixty five dollars as exempt sale for resale transactions and tax factors are collected of two sixty three sixty six deduction code 503 is for sales for resale deduction code lists are available at WWE's eg or gov be sure to use the correct deduction codes for the business activity you operate under deduction code 551 is for tax factored or collected line 6 is the subtotal of all combined state and County deductions listed in column e this total must be equal to the total on the combined state and county transaction detail above line 7 column G there is a schedule a city deduction detail this section is used to list the deductions that have been taken on the city lines of the TPT easy by location code city code business code and deduction code enter the same location codes as appear on the city transaction detail deductions taken in the city transaction detail where the total of the deduction code 503 265 dollars of sale for resale and deduction code 551 260 3.66 cents of tax factored or collected deduction code 503 is for sales for resale deduction code 551 is for tax factored or collected this total must be equal to the total on the city transaction detail above line 14 column G after completing the sections on page 2 of the TPT easy figures can be moved to the appropriate lines on page 1 page 1 of the new TPT easy will serve as a summary sheet for your return line a a is the net Arizona and County tax amount enter the amount from page 2 line 7 column M of this form lines a1 and a2 are for calculating state excess tax collected by law if you collected more tax than is calculated as do the combined excess tax must be reported and paid to the Department of Revenue our example had no excess tax so we can put zeros in the spaces for excess tax amounts on lines a1 and a2 for more information on how to calculate excess tax see the forum TPT 2 instructions on the Department's website line a3 is a subtotal line for the net arizona and county tax amount and our example there was no excess tax so this amount is one 7702 line BB is the net city tax amount enter the amount from page 2 line 14 column M of this form this is the net tax amount due for city transactions line B one is for calculating city excess tax collected by law if you collected more tax than is calculated as do the combined excess tax must be reported and paid to the Department of Revenue our example had no excess tags so we can put a zero in the space for excess tax for the amount on line B one for more information on how to calculate excess tax see the TBT two instructions on the department's website wine CC is the net tax do the sum of lines a 3 and B 2 is entered on this line line D D is for the TPT estimated payments to be used on this return certain taxpayers may have an estimated tax payment required for more information on estimated tax payments see the instructions for the form TPT 2 ww a CDR gov our example did not have estimated tax payments and so the amount is zero line EE is the tax due net of TPT estimated payments subtract line D D from line C C and enter the results on this line this is the total amount of tax due for our example this amount is 260 2.7 cents line FF is for the total amount remitted with this return this should be the amount due and should match the amount of payment being made for this return there is a space on page 1 for a signature the first and last name of the taxpayer should be printed the return should be signed and dated and a daytime telephone number and the title of the signer should be included note if the taxpayer wishes to designate another individual as the person to contact regarding the information provided on this return the taxpayer should check the box next to the statement the taxpayer designates the individual listed below to contact to schedule an audit of this return and authorizes disclosure of confidential information to this individual the designee x' name should be printed on the paid preparers printed name line the designee must sign on the line for paid preparers and provide a day time contact number if the return has been prepared by a paid preparer who is registered with the Internal Revenue Service that person must include their preparers taxpayer identification number here are some tips to avoid common mistakes on the TPT easy form review the completed form before mailing check your math be sure that all figures are correct be sure the form is signed verify the check is accurate and included with the return if taxes do retain a copy of the return for your records the address to mail the completed form is Arizona Department of Revenue P o box - 901 L fee Arizona eight five zero three eight nine oh one oh this concludes the tutorial on completing the t PG XIV additional information on this and other topics of Revenue websites at WWDC DRGs and WWE z-test