Get the free Petroleum Gross Receipts Tax Return - Form LM4 - revenue delaware
Show details
This document is a tax return form for reporting the petroleum gross receipts tax in Delaware, detailing gross receipts, exclusions, taxable receipts, and tax credits.
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign petroleum gross receipts tax
Edit your petroleum gross receipts tax form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your petroleum gross receipts tax form via URL. You can also download, print, or export forms to your preferred cloud storage service.
Editing petroleum gross receipts tax online
Follow the steps down below to take advantage of the professional PDF editor:
1
Check your account. If you don't have a profile yet, click Start Free Trial and sign up for one.
2
Simply add a document. Select Add New from your Dashboard and import a file into the system by uploading it from your device or importing it via the cloud, online, or internal mail. Then click Begin editing.
3
Edit petroleum gross receipts tax. Text may be added and replaced, new objects can be included, pages can be rearranged, watermarks and page numbers can be added, and so on. When you're done editing, click Done and then go to the Documents tab to combine, divide, lock, or unlock the file.
4
Get your file. When you find your file in the docs list, click on its name and choose how you want to save it. To get the PDF, you can save it, send an email with it, or move it to the cloud.
It's easier to work with documents with pdfFiller than you could have believed. Sign up for a free account to view.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out petroleum gross receipts tax
How to fill out Petroleum Gross Receipts Tax Return - Form LM4
01
Obtain Form LM4 from the appropriate tax authority website or office.
02
Complete the taxpayer information section, including name, address, and tax identification number.
03
Fill in the reporting period, ensuring the dates are accurate.
04
Calculate the gross receipts from the sale of petroleum products for the reporting period.
05
Deduct any allowable exemptions or credits as per the tax instructions.
06
Calculate the total amount of tax due based on gross receipts and applicable tax rates.
07
Sign and date the return to certify its accuracy.
08
Submit the completed Form LM4 along with any required payment to the tax authority by the due date.
Who needs Petroleum Gross Receipts Tax Return - Form LM4?
01
Businesses engaged in the sale of petroleum products within the jurisdiction that requires the Petroleum Gross Receipts Tax Return - Form LM4.
02
Tax professionals preparing returns on behalf of qualifying businesses.
Fill
form
: Try Risk Free
People Also Ask about
What is the gross receipts tax rate for petroleum products in New Jersey?
Rates for the Petroleum Products Gross Receipts Tax. $0.344 per gal.
Does Texas have a gross receipts tax?
The other states that levy a gross receipts tax (Nevada, Ohio, Oregon, Tennessee, Texas, and Washington) also levy a general sales tax so revenue from both taxes may be included in the states' collection totals.
What is the gross receipts tax in Nevada?
How to Pay Nevada Commerce Tax (Gross Receipts Tax) Summary : All businesses whose gross Nevada revenues exceed $4,000,000 are required to file a Nevada Gross Receipts Tax (Commerce Tax) return annually. The amount of tax used is based on your business category but is usually ranges from 0.05% and 0.3%.
What is the gross receipts for income tax?
Gross receipts are the total amounts the organization received from all sources during its annual accounting period, without subtracting any costs or expenses.
How to calculate Nevada sales tax?
How to calculate your sales tax rate Determine the Sales Tax Rate:: In this case, the sales tax rate is 8.375%. Calculate the Sales Tax Amount: Multiply the price of the item by the sales tax rate: 100 (item cost)×0.08375 (sales tax rate)=$8.38 (sales tax)
How do I calculate gross receipts?
Calculate gross receipts by adding all revenue received within a tax year without subtracting returns, allowances, costs of goods sold, or any other business expenses.
Who is subject to Delaware gross receipts tax?
A. Delaware's Gross Receipts Tax is a tax on the total gross revenues of a business, regardless of their source. This tax is levied on the seller of goods or services, rather than on the consumer.
What taxes do you pay in Nevada?
Nevada does not have a corporate income tax but does levy a state gross receipts tax. Nevada has a 6.85 percent state sales tax rate and an average combined state and local sales tax rate of 8.24 percent. Nevada has a 0.44 percent effective property tax rate on owner-occupied housing value.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is Petroleum Gross Receipts Tax Return - Form LM4?
The Petroleum Gross Receipts Tax Return - Form LM4 is a document used by businesses involved in the extraction, production, or sale of petroleum to report their gross receipts for tax purposes.
Who is required to file Petroleum Gross Receipts Tax Return - Form LM4?
Businesses that have gross receipts derived from the sale or distribution of petroleum products are required to file the Petroleum Gross Receipts Tax Return - Form LM4.
How to fill out Petroleum Gross Receipts Tax Return - Form LM4?
To fill out Form LM4, taxpayers must complete the required sections with accurate financial information, including total gross receipts, exemptions, and calculate the tax owed based on the applicable tax rate.
What is the purpose of Petroleum Gross Receipts Tax Return - Form LM4?
The purpose of Form LM4 is to allow the government to assess the appropriate tax based on the gross receipts of businesses involved in the petroleum industry.
What information must be reported on Petroleum Gross Receipts Tax Return - Form LM4?
The information that must be reported on Form LM4 includes total gross receipts, any deductions or exemptions claimed, and the total tax liability.
Fill out your petroleum gross receipts tax online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Petroleum Gross Receipts Tax is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
