Get 01-117 Texas Sales And Use Tax Return - Short Form

Filing the 01-117 Texas Sales And Use Tax Return - Short Form online is an important task for businesses in Texas to report their sales and use tax. This guide provides clear, step-by-step instructions to help users complete the form accurately and efficiently.

Follow the steps to complete the form easily.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your taxpayer number in the specified field. If you do not have a sales tax permit, enter your Social Security number if you are a sole owner, or the Federal Employer's Identification Number if you represent a business entity.
3. Fill in the filing period by indicating the month, quarter, or year you are reporting for, along with the last day of that period. For example, you could write 'Month Ending 12-31-06' or 'Quarter Ending 09-30-06'.
4. If the outlet listed on the form is no longer in business, indicate the out of business date in the appropriate field.
5. Record the total sales made during the reporting period in Item 1. Ensure to enter whole dollars and input '0' if no sales have occurred.
6. In Item 2, enter the total taxable sales. Again, report whole dollars and place '0' if there are no taxable sales to report.
7. Complete Item 3 by entering the total amount of taxable purchases made for business use. Remember, this excludes items held purely for resale. Report whole dollars and enter '0' if applicable.
8. Add the figures from Item 2 and Item 3 to calculate the total amount subject to tax and enter that value in Item 4. Again, '0' is acceptable if there is no taxable amount.
9. In Item 5, calculate your tax due by multiplying the total amount from Item 4 by the applicable combined tax rate. Should you have questions about the tax rate, do not hesitate to contact the Comptroller's office.
10. If you are filing on or before the due date, complete Item 6 by multiplying the tax due from Item 5 by .005 for a timely filing discount.
11. Check Item 7 to see if any prior payments or overpayments should be reflected here.
12. In Item 8, subtract Items 6 and 7 from Item 5 to find the net tax due.
13. For Item 9, calculate any applicable penalty and interest based on how late the return is filed.
14. Add together Items 8 and 9 to get the total amount due, which you will enter in Item 10.
15. Once all fields are completed, save your changes, and download, print, or share the form as necessary.

Complete your tax return online today for a smooth filing experience.