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CITY OF BELLINGHAM Business And Occupation Tax Return Instructions QUARTERLY RETURNS TAX DUE DATE TAX PERIOD MONTHLY RETURNS Tax due the last day of the following month. JAN FEB MARCH APRIL MAY JUNE
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How to fill out business and occupation tax
How to fill out business and occupation tax
01
Gather all necessary documentation such as income statements, expense records, and receipts.
02
Determine your business classification and the appropriate B&O tax rate.
03
Complete the B&O tax return form, providing accurate and detailed information.
04
Calculate the total amount of tax owed based on your business activities and rates.
05
Submit the completed tax return form along with any required payment to the relevant tax authority.
06
Keep a copy of your tax return form and supporting documents for future reference and auditing purposes.
Who needs business and occupation tax?
01
Businesses operating within the jurisdiction where the B&O tax is applicable.
02
Individuals or entities engaged in certain types of business activities such as retail sales, professional services, manufacturing, etc.
03
Business owners or self-employed individuals earning income from their business activities.
04
Consult with a tax professional or local tax authority for specific requirements and thresholds.
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What is business and occupation tax?
Business and occupation tax is a tax imposed by some state and local governments on the gross receipts of businesses operating within their jurisdiction.
Who is required to file business and occupation tax?
Businesses that engage in certain activities within a jurisdiction that imposes the tax are required to file business and occupation tax.
How to fill out business and occupation tax?
Businesses can fill out business and occupation tax by reporting their gross receipts and other required information on the tax form provided by the taxing authority.
What is the purpose of business and occupation tax?
The purpose of business and occupation tax is to generate revenue for state and local governments to fund public services and programs.
What information must be reported on business and occupation tax?
Businesses must report their gross receipts and other relevant information such as exemptions or deductions on the business and occupation tax form.
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