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671113
Schedule K1
(Form 1120S)2015Department of the Treasury
Internal Revenue ServiceNow calendar year 2015, or tax
year beginning
endingPart III Shareholders Share of Current Year Income,
Deductions,
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How to fill out online annual use tax
How to fill out online annual use tax
01
Step 1: Go to the online annual use tax website
02
Step 2: Register for an account or log in if you already have one
03
Step 3: Enter your personal and vehicle information
04
Step 4: Provide details about the transactions subject to use tax
05
Step 5: Calculate the use tax owed
06
Step 6: Submit the form and make the payment online
07
Step 7: Receive confirmation of your submission
Who needs online annual use tax?
01
Anyone who has made out-of-state purchases without paying sales tax
02
Individuals or businesses who have imported goods for personal or business use
03
People who have bought vehicles from private sellers
04
Those who have leased a vehicle from out-of-state dealers
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What is online annual use tax?
Online annual use tax is a tax imposed on the purchase of goods and services that are used, stored, or otherwise consumed within a state, where the sales tax was not paid at the time of purchase.
Who is required to file online annual use tax?
Individuals and businesses that purchase taxable goods or services online without paying sales tax are required to file online annual use tax.
How to fill out online annual use tax?
To fill out online annual use tax, taxpayers typically access their state's tax department website, complete the required forms with purchase details, and submit the information electronically along with any payment due.
What is the purpose of online annual use tax?
The purpose of online annual use tax is to ensure that sales tax is collected on goods and services consumed within the state, promoting tax fairness and funding public services.
What information must be reported on online annual use tax?
Taxpayers must report the total amount of taxable purchases, the items purchased, applicable tax rates, and any sales tax already paid on those purchases.
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