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17 DR 0252 (03/01) COLORADO DEPARTMENT OF REVENUE DENVER CO 80261-0013 (303) 232-2416 CONSUMER USE TAX RETURN (FOR PERIODS 1-01-01 AND AFTER) U DO NOT WRITE IN THIS SPACE Make Checks or Money Orders

How to fill out consumer use tax return

How to fill out consumer use tax return:

1. Gather necessary documents such as receipts and invoices for taxable purchases.
2. Download the consumer use tax return form from the relevant tax authority's website or obtain a physical copy.
3. Fill out the personal information section accurately, providing your name, address, and taxpayer identification number.
4. Refer to your receipts and invoices to identify the taxable purchases you made during the specified reporting period.
5. Enter the details of each taxable purchase on the form, including the purchase date, description of the item or service, amount paid, and any applicable sales tax already paid.
6. Total the amounts and calculate the consumer use tax due by multiplying the total taxable purchases by the appropriate tax rate. Enter this amount on the form.
7. If you are entitled to any exemptions or credits, ensure that you provide the necessary documentation and properly apply them on the form.
8. Review the completed form to ensure accuracy and completeness.
9. Sign and date the form, certifying the information provided is accurate to the best of your knowledge.
10. Submit the consumer use tax return to the appropriate tax authority by the specified due date, either electronically or by mail.

Who needs consumer use tax return:

1. Individuals who have made taxable purchases from out-of-state or online retailers that did not collect sales tax at the time of purchase.
2. Businesses that have made taxable purchases for use or consumption in the state where they are liable for consumer use tax.
3. Any taxpayer who is required to report and pay consumer use tax as mandated by the relevant tax jurisdiction's laws and regulations.

For pdfFiller’s FAQs

What is consumer use tax return?

Consumer use tax return is a form that taxpayers use to report and pay taxes on goods or services purchased out-of-state or online where no sales tax was charged.

Who is required to file consumer use tax return?

Any individual or business that makes out-of-state or online purchases for which no sales tax was charged and owes use tax is required to file a consumer use tax return.

How to fill out consumer use tax return?

To fill out a consumer use tax return, you typically need to provide your personal or business information, details of the out-of-state or online purchases made, calculate the use tax owed, and submit the completed form to the appropriate tax authority.

What is the purpose of consumer use tax return?

The purpose of a consumer use tax return is to ensure that individuals and businesses pay the correct amount of tax on out-of-state or online purchases where no sales tax was charged, thereby preventing tax evasion.

What information must be reported on consumer use tax return?

On a consumer use tax return, you generally need to report the details of the out-of-state or online purchases made, including the date and amount of each purchase, as well as calculate and report the use tax owed.

When is the deadline to file consumer use tax return in 2023?

The deadline to file a consumer use tax return in 2023 may vary depending on the jurisdiction. It is advisable to check with the appropriate tax authority or consult the official tax guidelines for the specific deadline.

What is the penalty for the late filing of consumer use tax return?

The penalty for the late filing of a consumer use tax return can vary depending on the jurisdiction and the amount of tax owed. Common penalties include late filing fees and interest charges on the outstanding tax amount. It is recommended to refer to the official tax guidelines or consult with a tax professional for the specific penalties that apply.

Can I sign the consumer use tax return electronically in Chrome?

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