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Get Use Tax Form St-118a - The Comptroller Of Maryland
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How to fill out the USE TAX FORM ST-118A - The Comptroller Of Maryland online
Understanding how to fill out the USE Tax Form ST-118A is essential for anyone making out-of-state purchases. This guide provides step-by-step instructions to help you accurately complete the form online and ensure compliance with Maryland tax laws.
Follow the steps to successfully complete the form
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by entering the quarter ending date in the designated field. This indicates the reporting period for which you are filing your taxes.
- Fill in your social security number and account number. This information is essential for proper identification and processing of your tax return.
- Report your total amount of purchases made by entering the dollar amount in the corresponding field. This total should reflect all applicable out-of-state purchases.
- Calculate the use tax by multiplying the amount of purchases by the use tax rate (5%). Enter the result in the tax on purchases line.
- If applicable, enter any credit for out-of-state taxes paid. This will help reduce your overall tax liability.
- If you are late with your payment, you will need to calculate any interest due (1.08% per month) and any penalty (10% of total tax). Add these amounts together and place them in the specified section.
- Finally, calculate the total use tax due by combining the amounts from the tax on purchases and any late fees. Enter this total in the designated box.
- Sign and date the form to certify that the information provided is accurate.
- Once completed, save the changes, then download, print, or share the form as needed before remittance.
Complete your USE Tax Form ST-118A online today to ensure you meet your tax obligations.
A seller's permit is commonly known as a sales tax permit, reseller permit, resale certificate, sales tax exemption certificate, sales tax license or sales and use tax permit. In the state of Maryland it is formally referred to as a sales and use tax license.
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