Get Pentab Tm 40 Form

The Pentab Tm 40 Form is essential for reporting transient occupancy tax and tourism marketing district returns in San Diego. This guide will provide you with clear, step-by-step instructions to successfully complete the form online.

Follow the steps to complete the Pentab Tm 40 Form online.

1. Press the ‘Get Form’ button to obtain the form and open it in your document editor.
2. Provide the certificate number, property name, and property address. Ensure that you fill in the 'Return For Month Ended' field accurately, as this determines the reporting period.
3. If your contact or mailing information has changed, check the designated box and complete the change form provided on the reverse side of the document.
4. Complete the calculation of transient occupancy tax (TOT). Start with taxable rent/assessable rent, which reflects the total consideration charged to a transient guest, including all receipts and services without deductions.
5. Calculate the gross TOT due, which is the greater of 10.5% of the taxable rent or the TOT collected.
6. Deduct any refunds issued to non-transient tenants from the gross TOT due if applicable.
7. If you have any credits (though uncommon), ensure they are also deducted from the gross TOT due.
8. Sum the deductions to find the TOT due and payable.
9. If applicable, calculate the TOT late penalty based on the payment schedule provided.
10. Add the total TOT and the late penalty due and payable to finalize your calculations.
11. If your lodging business has 70 or more sleeping rooms, complete the TMD calculations in lines 8-14, mirroring the process used for the TOT.
12. Once all calculations are complete, review the entire form for accuracy.
13. Users can save changes, download, print, or share the completed form as necessary.

Start filing your documents online today to ensure compliance and avoid penalties.