Get Tc 62m

The Tc 62m form is essential for reporting sales and use tax in Utah. This guide provides a step-by-step process for completing the form accurately online, ensuring that you meet your tax obligations efficiently.

Follow the steps to complete the Tc 62m form accurately online.

1. Click the ‘Get Form’ button to access the Tc 62m document and open it in your preferred editing tool.
2. Begin by entering your company name and address in the designated fields at the top of the form.
3. In the 'Account #' field, input your 14-character Utah sales and use tax license number or your 9-character SST number.
4. Indicate the tax period you are filing for by entering the 'FROM' and 'TO' dates in the mmddyyyy format.
5. If you are submitting an amended return, check the box for this option and provide the correct tax period being amended.
6. Complete the lines 1 through 14 as follows: - Line 1: Enter total sales of goods and services. - Line 2: Enter total exempt sales included in line 1. - Line 3: Calculate taxable sales by subtracting line 2 from line 1. - Line 4: Report goods purchased tax-free and used by your business. - Line 5: Add line 3 and line 4 to find total taxable amounts. - Line 6: Include any adjustments for previous periods. - Line 7: Calculate net taxable sales and purchases by adjusting line 5 with line 6.
7. Continue filling in lines 8 through 14: - Line 8a: Enter total tax for non-food and prepared food sales. - Line 8b: Report total tax for grocery food sales. - Line 9: Calculate total tax by adding lines 8a and 8b. - Line 10: If applicable, determine credit for residential fuels. - Line 11: Calculate total state and local taxes due. - Line 12: Compute seller discount for monthly filers. - Line 13: Calculate additional grocery food seller discount. - Line 14: Determine net tax due by applying discounts.
8. Finally, provide your authorized signature and date at the bottom of the form. Include your telephone number for contact purposes if needed.
9. Review the complete form for accuracy, make any necessary changes, and then save your progress. You can download, print, or share the final document as needed.

Complete your Tc 62m form online today to ensure compliance with Utah tax regulations.