Get Motor Oil Fee Return For Periods Beginning 7/1/2009 And After. Motor Oil Fee Return For Periods

Filling out the Motor Oil Fee Return is essential for compliance with state regulations regarding the sale of motor oil. This guide will provide clear steps to ensure you correctly complete the form and submit it online.

Follow the steps to accurately fill out the Motor Oil Fee Return form.

1. Press the ‘Get Form’ button to access the form and open it in your preferred editor.
2. Fill in the 'Due Date' based on the end of the reporting period, as specified in the instructions. Ensure you submit the form by the 25th day of the month following the quarterly period.
3. Enter your 'Account No.' along with your 'FEIN' or 'SSN' in the designated fields. If you are submitting an amended return, make sure to check the appropriate box.
4. Proceed to the worksheet to compute your oil fee. Enter the total number of quarts subject to the fee on Line 1, calculated at 2¢ per quart.
5. On Line 2, apply for vendor's compensation by deducting 2% of the first $2,500 of the total tax from Line 1, if the return is filed on time.
6. If applicable, enter any credit amount from previous notifications on Line 3.
7. If applicable, calculate the penalty for late filing on Line 4, which is 5% of the total amount due for each 30-day period of delinquency up to a maximum of 25%.
8. On Line 5, calculate the interest on the late payment based on the current interest rate from the due date to the date of payment.
9. Calculate the total amount remitted on Line 6 by adding the oil fee, penalty, and interest (if applicable), then adjusting for any credits and vendor's compensation.
10. Finally, review the form for accuracy, sign and date it where indicated, then save your changes, download the completed form, and prepare to mail it to the specified address.

Complete your Motor Oil Fee Return online to ensure compliance and avoid penalties.