Get Lft 08 23 For Website - Revenue Mt

Filling out the LFT 08 23 for Website - Revenue Mt is essential for lodging facilities to accurately report their sales and use tax. This guide provides a step-by-step approach to help users complete the form correctly and efficiently online.

Follow the steps to fill out the form correctly.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your FEIN or SSN, Account ID, and the period ending date in the respective fields on lines 1, 2, and 3.
3. If you are amending a prior period return, place an 'X' in the box provided on line 4.
4. If you have a new mailing address, mark the box on line 5 and print your new address in the offered space.
5. For changes to your business status, such as selling or closing your business, enter the date this occurred on line 6.
6. Report your gross lodging sales for each month of the quarter on lines 7a, 7b, and 7c, then sum these amounts on line 7d.
7. If applicable, enter any previously written-off bad debts collected this quarter on line 8.
8. Add the totals from line 7d and line 8 and enter this sum on line 9.
9. On lines 10a to 10d, report any nontaxable lodging sales and calculate the total on line 10e.
10. Subtract line 10e from line 9 and enter the result (total taxable lodging sales) on line 11.
11. Multiply the amount on line 11 by 0.07 (7%) and enter this figure on line 12.
12. If you are entitled to a vendor allowance, compute this on line 13 by multiplying line 11 by 0.0015, entering it here if applicable.
13. Finally, subtract the vendor allowance from the total tax due calculated on line 12, and enter this result on line 14 as your total tax due.
14. On line 15, indicate the amount you are paying with this return.
15. Review all entered information for accuracy. Once confirmed, save your changes, download, print, or share the completed form as needed.

Complete your LFT 08 23 online today for a smoother filing experience!