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BOE531AB (FRONT) REV. 2 ×102) STATE OF CALIFORNIA BOARD OF EQUALIZATION PREPAYMENT OF SALES TAX TO SUPPLIERS AND WHOLESALERS ON FUEL PURCHASES SCHEDULES DUE ON OR BEFORE FOOD YOUR ACCOUNT NO. Schedule
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What is prepayment of sales tax?
Prepayment of sales tax is when a taxpayer sends money to the tax authority in anticipation of future tax liability.
Who is required to file prepayment of sales tax?
Businesses or individuals who have a sales tax liability may be required to file prepayment of sales tax.
How to fill out prepayment of sales tax?
To fill out prepayment of sales tax, taxpayers typically need to submit a form provided by the tax authority and include information such as sales projections.
What is the purpose of prepayment of sales tax?
The purpose of prepayment of sales tax is to help ensure that taxpayers meet their tax obligations in a timely manner and avoid penalties.
What information must be reported on prepayment of sales tax?
Information such as sales projections and estimated tax liability may need to be reported on prepayment of sales tax.
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