Get Form 55b

This guide provides you with a comprehensive overview of how to fill out the Form 55b electronically. Whether you are a seasoned user or new to tax forms, these step-by-step instructions will help you complete the form accurately.

Follow the steps to successfully complete the Form 55b online.

1. Click ‘Get Form’ button to obtain the form and open it for completion.
2. In Part I, calculate the average miles per gallon (MPG) for each type of fuel used during the tax period. Fill in columns B, C, and D on lines 1 through 12, rounding numbers as instructed. Ensure the data includes all IFTA and Non-IFTA jurisdictions.
3. In column B, enter the total miles traveled. In column C, enter the total gallons of fuel used. In column D, calculate the MPG by dividing column B by column C and round to two decimal places.
4. Move to Part II to complete the fuel tax computation. Attach applicable pages of Tennessee Form 56 if required.
5. In Part III, fill out the fuel tax summary. Enter the total tax due or credit in line 13, along with any penalties or interest in lines 14 and 15.
6. Calculate the total in line 16 by adding lines 13, 14, and 15. If applicable, apply any credits from previous quarters in line 17.
7. Determine the balance due or credit in line 18 by subtracting line 17 from line 16. Ensure payment is submitted in full if there is a balance due.
8. Finally, sign the form in the designated space, entering your title, state, city, telephone number, and date. If applicable, have the preparer sign as well.

Start filling out your Form 55b online today for a smooth tax reporting process.