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This document is a quarterly sales and use tax return required by the New York State Department of Taxation and Finance, used to report sales and use tax liabilities, identify tax periods, and provide

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How to fill out New York State and Local Quarterly Sales and Use Tax Return

1. Obtain the New York State and Local Quarterly Sales and Use Tax Return (Form ST-400) from the New York State Department of Taxation and Finance website.
2. Enter your business information, including the name, address, and sales tax identification number in the designated fields.
3. Report total sales amount in the 'Total Sales' section for the quarter being filed.
4. Calculate taxable sales and enter this amount in the 'Taxable Sales' section.
5. List any exempt sales or sales not subject to tax in the 'Exempt Sales' section.
6. Determine the total amount of sales tax collected and enter it in the 'Sales Tax Collected' field.
7. Calculate the amount of any credits or adjustments you are claiming and enter this in the appropriate section.
8. Complete the payment section to show the total amount due or the amount being refunded.
9. Sign and date the return before submitting it by mail or electronically before the due date.

Who needs New York State and Local Quarterly Sales and Use Tax Return?

1. Businesses operating in New York State that sell tangible personal property or taxable services.
2. Any retailer or seller who collects sales tax from customers during the quarter.
3. Businesses that have a physical presence or significant economic presence in New York.

People Also Ask about

Is there sales or use tax in New York State?

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 are the sales tax quarter dates?

In most states, the quarterly sales tax due dates are generally as follows: Q1 (December 1–February 28) is due by March 20. Q2 (March 1–May 31) is due by June 20. Q3 (June 1–August 31) is due by September 20.

What are the 4 quarters for taxes?

Quarterly tax payments are due four times a year. As the IRS explains, a year has four payment periods with the following quarterly payment due dates: April 15, June 15, Sept. 15 and Jan. 15.

What is living quarters in New York?

Determining if you maintain a permanent place of abode in New York City depends on specific factors outlined by the New York State Department of Taxation and Finance. A permanent place of abode is generally defined as a residence you maintain, suitable for year-round use, regardless of ownership.

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.

What are the sales tax quarter dates?

In most states, the quarterly sales tax due dates are generally as follows: Q1 (December 1–February 28) is due by March 20. Q2 (March 1–May 31) is due by June 20. Q3 (June 1–August 31) is due by September 20.

What are the sales tax quarters in NY?

These are the sales tax quarters in New York: First quarter: December through February. Second quarter: March through May. Third quarter: June through August. Fourth quarter: September through November.

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.

For pdfFiller’s FAQs

What is New York State and Local Quarterly Sales and Use Tax Return?

The New York State and Local Quarterly Sales and Use Tax Return is a tax form that businesses use to report sales tax collected on taxable sales and purchases. It is filed quarterly by retailers and service providers to report their gross sales and calculate the amount of sales tax owed to the state and local governments.

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

Any business or individual who sells taxable goods or services in New York State and is registered to collect sales tax must file the New York State and Local Quarterly Sales and Use Tax Return. This includes retailers, service providers, and certain contractors.

How to fill out New York State and Local Quarterly Sales and Use Tax Return?

To fill out the return, businesses must include their total sales, taxable sales, exempt sales, and the amount of sales tax they collected during the reporting period. The form will require details about the business, including the sales tax identification number, and calculations to determine the net tax due.

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

The purpose of the New York State and Local Quarterly Sales and Use Tax Return is to ensure that businesses accurately report and remit the sales tax they have collected from customers. It helps maintain compliance with state tax laws and provides revenue for state and local services.

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

The return must report total gross sales, taxable sales, exempt sales, the amount of sales tax collected, any deductions or credits, and the total amount of tax due. Additional information, such as the business's identification details and relevant transaction dates, must also be included.