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Use and Finance Biannual Reporting Form Reporting Period (check one):January 1, 2017, through June 30, 2017, July 1, 2017, through December 31, 2017, University/College: Monroe County Community College
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Gather all necessary financial documents, including income statements, balance sheets, and cash flow statements.
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The use and finance bi-annual is a reporting document required by certain jurisdictions that captures information about the use of taxable goods and services purchased without sales tax, along with details on any applicable finance charges.
Businesses and individuals who have purchased taxable goods or services without paying sales tax during the reporting period are required to file a use and finance bi-annual.
To fill out the use and finance bi-annual, gather all applicable receipts and records of taxable purchases, complete the required sections on the form, including the total amount of purchases, and submit it to the relevant tax authority.
The purpose of the use and finance bi-annual is to ensure compliance with tax laws by reporting purchases that were not subject to sales tax and to assess any use tax owed to the state or local government.
The use and finance bi-annual must include the total dollar amount of taxable purchases, details of any finance charges, and any relevant identification information about the filer.
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