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This document is used by vendors in New York State to report sales and use tax for a specified period. It includes sections for tax calculations, vendor identification, and business information.

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How to fill out New York State and Local Sales and Use Tax Return for Part-Quarterly Filers

1. Obtain the New York State and Local Sales and Use Tax Return form (ST-400) from the New York State Department of Taxation and Finance website.
2. Fill out your business information in the designated fields, including your name, address, and sales tax identification number.
3. Report your total taxable sales for the period in the appropriate section of the form.
4. Include any exempt sales and sales tax collected from customers, if applicable.
5. Calculate your total sales tax due by applying the correct tax rate to your taxable sales.
6. Deduct any allowable credits or payments that were made for previous periods.
7. Complete the remittance section if you owe tax and indicate the payment method.
8. Sign and date the form before submitting it to the New York State Department of Taxation and Finance, either electronically or via mail.

Who needs New York State and Local Sales and Use Tax Return for Part-Quarterly Filers?

1. Any business entity operating in New York State that sells taxable goods or services and meets the criteria for quarterly filing of sales tax.
2. Businesses whose taxable sales exceed the threshold set by the state for filing requirements.
3. Retailers, service providers, or online sellers who are registered to collect sales tax in New York.

People Also Ask about

What is a sales and use tax return?

A sales and use tax return is a return that's used to report on the sales and use taxes collected and remitted by your business to the government.

What are the quarters for New York sales and use tax?

NY Sales Tax Quarters: March 1 through May 31, June 1 through August 31, September 1 through November 30, and December 1 through February 28/29. 16th – New Jersey State Sales Tax Returns for Quarterly Filers for Oct. 1, 2024–Dec. 31, 2024 are due.

Is sales and use tax the same as property tax?

Property tax is a direct tax, for which the owner of the property is obligated to pay the taxes. Sales tax is an indirect tax, for which a company collects tax from a customer on behalf of the government. Property owners are responsible for paying taxes on their property every year.

What is sales and use tax in NY?

The City Sales Tax rate is 4.5%, NY State Sales and use tax is 4% and the Metropolitan Commuter Transportation District surcharge of 0.375% for a total sales and use tax of 8.875 percent.

Do I have to pay NYS sales tax on a vehicle purchased out of state?

Tax Paid to Another State If you paid sales tax in the state where you purchased the vehicle, you do not have to pay sales tax in New York State. Complete the Sales Tax Exemption {Sales Tax Form} (PDF) (DTF-803).

What is a quarterly filer?

Quarterly filing is form filing that takes place once every three months for a total of four times per year.

What is NY state sales and use tax?

Purchases above $110 are subject to a 4.5% NYC sales tax and a 4% NY State sales tax. The City Sales Tax rate is 4.5%, NY State Sales and use tax is 4% and the Metropolitan Commuter Transportation District surcharge of 0.375% for a total sales and use tax of 8.875 percent.

What form do I use to pay quarterly taxes?

Use Form 1040-ES to figure and pay your estimated tax. Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony, etc.).

For pdfFiller’s FAQs

What is New York State and Local Sales and Use Tax Return for Part-Quarterly Filers?

The New York State and Local Sales and Use Tax Return for Part-Quarterly Filers is a tax form used by certain businesses to report and remit sales and use tax collected from customers for a specific period. It is designed for businesses that are required to file returns four times a year, typically following a quarterly schedule.

Who is required to file New York State and Local Sales and Use Tax Return for Part-Quarterly Filers?

Businesses operating in New York State that collect sales tax and have a sales tax registration number are generally required to file this return if their tax liability for the prior year exceeded $300, or if they are newly registered and expect to exceed this threshold.

How to fill out New York State and Local Sales and Use Tax Return for Part-Quarterly Filers?

To fill out the return, businesses must provide their sales and use tax registration number, report total sales, exemptions, and taxable sales, calculate the total tax due, and provide payment information. Accurate record-keeping and referencing official guidance from the New York State Department of Taxation and Finance is essential during this process.

What is the purpose of New York State and Local Sales and Use Tax Return for Part-Quarterly Filers?

The purpose of this return is to accurately report sales tax collected from customers and pay it to the state and local governments. This ensures compliance with tax laws and helps facilitate the funding of public services.

What information must be reported on New York State and Local Sales and Use Tax Return for Part-Quarterly Filers?

The return must include the business's identification information, total taxable sales, total exempt sales, the amount of sales tax collected, and any adjustments for prior periods. Additionally, it may require details on any purchases subject to use tax.