Get the free NYC RETURN OF EXCISE TAX BY UTILITIES UXP *70110391*

*70110391* FINANCE NEW YORK NYC RETURN OF EXCISE TAX BY UTILITIES UP FOR USE BY UTILITIES OTHER THAN RAILROADS, BUS COMPANIES, AND OTHER COMMON CARRIERS www.nyc.gov/finance DO NOT WRITE IN THIS SPACE

How to fill out nyc return of excise

Who needs nyc return of excise?

A NYC return of excise is required to be filled out by businesses engaged in certain activities in New York City that are subject to excise taxes. This includes businesses involved in the sale or transfer of certain goods, products, or services that are subject to excise taxes imposed by the city.

1. Determine if you are subject to excise taxes: The first step in filling out the NYC return of excise is to determine if your business activities are subject to excise taxes imposed by the city. This includes activities such as the sale or transfer of cigarettes, alcoholic beverages, fuel, utilities, hotel occupancy, and more.
2. Gather the necessary information: Before starting to fill out the NYC return of excise, gather all the necessary information required for the form. This may include details about the specific goods, products, or services subject to excise taxes, sales or transfer amounts, tax rates, and any relevant documentation supporting these transactions.
3. Complete the relevant sections: The NYC return of excise form consists of different sections, each relating to a specific type of excise tax. Carefully review the instructions provided with the form and complete the sections that are applicable to your business activities. Ensure accurate reporting of all relevant information, such as gross sales figures, taxable amounts, exemptions, and credits, if any.
4. Calculate the tax liability: Once all the required information has been entered, calculate the tax liability by applying the relevant tax rate to the applicable sales or transfer amounts. Be sure to double-check all calculations to avoid errors that could potentially lead to underpayment or overpayment of excise taxes.
5. Include any supporting documentation: Depending on the nature of your business activities, you may be required to include supporting documentation along with your NYC return of excise. This could include invoices, receipts, or any other relevant paperwork substantiating the reported sales or transfer amounts, exempt transactions, or applicable credits.
6. Review and sign the form: Before submitting the NYC return of excise, carefully review all the information provided to ensure accuracy and completeness. Sign the form in the designated area, certifying that the information provided is true and correct to the best of your knowledge.
7. Submit the form and make payment: Finally, submit the completed NYC return of excise form to the appropriate tax agency along with any required payment. Be aware of any deadlines for filing and remitting payments to avoid penalties or interest charges.

Remember, it is recommended to consult with a tax professional or seek guidance from the relevant tax agency to ensure compliance with all applicable laws and regulations regarding the NYC return of excise.

For pdfFiller’s FAQs

What is nyc return of excise?

The NYC return of excise is a tax form that businesses in New York City must file to report and pay excise taxes.

Who is required to file nyc return of excise?

Businesses in New York City that are subject to excise taxes are required to file the NYC return of excise.

How to fill out nyc return of excise?

The NYC return of excise can be filled out and submitted online through the Department of Finance's website or by mailing a paper form.

What is the purpose of nyc return of excise?

The purpose of the NYC return of excise is to report and pay excise taxes owed to the city.

What information must be reported on nyc return of excise?

Businesses must report information such as gross receipts, taxable sales, and calculated excise tax owed on the NYC return of excise.

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