Get Form Gc 7r

This guide provides comprehensive instructions for completing the Form GC 7R online. Designed for users reporting net profits greater than $30,000 from raffle operations, the guide simplifies the process for individuals of all backgrounds.

Follow the steps to complete the Form GC 7R online.

1. Click the ‘Get Form’ button to download the form and open it in the editor for completion.
2. Fill in the organization details in the designated fields. This includes your N.Y.S. identification number, organization name, street address, city, county, and zip code.
3. Indicate the date(s) of the raffle drawing(s) in the provided spaces.
4. Under Section A, Receipts, provide details regarding ticket sales: number of tickets printed, sold, and unsold, along with the price of each ticket. Calculate ticket receipts by multiplying the number of tickets sold by the ticket price.
5. Complete information on other receipts, if applicable, and then total your receipts by adding ticket receipts and other receipts.
6. Proceed to Section B, Expenditures. List all expenditures related to the raffle, including payments to vendors and service providers. Assign check numbers where applicable.
7. Total your expenditures by adding all entries in Section B.
8. In Section C, calculate the net profit or loss by subtracting total expenditures from total receipts. Complete the additional fee calculation as required.
9. In Section D, report the disposition of net proceeds, including any adjustments to previous balances and additional fees.
10. For Sections E and F, provide detailed descriptions and values of cash or merchandise prizes, including donated prizes, ensuring total values do not exceed the annual cap.
11. Finally, complete the declaration by having all required signatories confirm the accuracy of the information provided. Include names, phone numbers, addresses, and dates of signature.
12. Once you have filled out all sections, save your changes, and choose to download, print, or share the completed form as needed.

Complete your Form GC 7R online today and ensure timely and accurate reporting.