Get Tir 408

The Tir 408 is a crucial document for reporting tire pre-disposal fees to the Tennessee Department of Revenue. This guide provides clear, step-by-step instructions to help users effectively complete the form online, ensuring compliance and accuracy.

Follow the steps to complete the Tir 408 online successfully.

1. Press the ‘Get Form’ button to access the Tir 408 document and open it in your preferred online editor.
2. Enter the relevant period ending date for the return in the specified field.
3. Fill in your federal employer identification number (FEIN) or social security number (SSN) in the designated area.
4. Locate the ACCOUNT NO. section and input your account number as necessary.
5. In the WORKSHEET FOR COMPUTING TAX section, calculate the TIRE FEE by multiplying the number of tires subject to the fee by $1.35 and place the result in Line 1.
6. Calculate the VENDOR'S COMPENSATION by deducting 10 cents for each tire reported on Line 1 if the return is submitted by the due date. Record this in Line 2.
7. If applicable, enter any excess tire tax collected over the $1.35 rate per tire in Line 3.
8. Input any credit amount from previous notifications in Line 4.
9. If the return is filed late, compute the PENALTY based on 5% of the fee for each 30-day period of delay, up to a maximum of 25% or a minimum of $15. Record this in Line 5.
10. Calculate INTEREST for any late filings based on the current rate from the due date to when the tax is paid, and input this in Line 6.
11. For Line 7, add the amounts from Lines 1, 3, 5, and 6, then subtract Line 4 if applicable. If filed on time, add Lines 1 and 3 and subtract Lines 2 and 4 if applicable.
12. Finally, ensure that you sign and date the return in the signature box on the back of the form and review everything for accuracy before submission.

Complete your Tir 408 form online today to ensure compliance with Tennessee tax regulations.