Get Form 8070 - Nola

Filling out the FORM 8070 - Nola online can be a straightforward process when guided properly. This comprehensive guide will help you navigate through each section of the form, ensuring that you complete it accurately and efficiently.

Follow the steps to successfully complete the FORM 8070 - Nola.

1. Press the ‘Get Form’ button to access the FORM 8070 - Nola and open it for editing.
2. Begin by entering your 9-digit account number at the top of the form. Ensure that you do not use any dollar signs ($) in your entries.
3. In section S1, input your gross sales of tangible personal property, rentals, leases, and services. Use Column A for general sales and Column B for unprepared food sales.
4. For line S2, indicate sales for resale to wholesalers or for further manufacturing. This line is self-explanatory, so ensure accuracy.
5. Complete line S3 by entering cash discounts, sales returns, or allowances as applicable.
6. In line S4, provide details of sales delivered or shipped outside Orleans Parish. Breakdown your entries for interstate sales (line S4i), Jefferson Parish (line S4ii), and other parishes (line S4iii).
7. Continue filling out line S5 with sales of gasoline, and line S6 for government sales. Specify amounts accurately.
8. Record sales of food paid for with USDA Food Stamps or WIC Vouchers in line S7, only in Column B.
9. For lines S8 to S10, enter any other deductions authorized by law. You will need to explain these deductions.
10. Calculate the total allowable deductions on line S11 by adding lines S2 through S10.
11. Compute your adjusted gross sales on line S12 by subtracting total allowable deductions from gross sales.
12. Proceed to line S14 for purchases subject to use tax, indicating amounts in both columns as needed.
13. Sum your total taxable amount in line S15 by adding the adjusted gross sales and purchases subject to use tax.
14. Calculate the tax for each column on line S16, using the appropriate percentages.
15. Complete line S17 with any excess tax collected beyond the specified percentages.
16. Total the tax collected on line S18 by adding S16 and S17, and then find the vendor’s compensation on line S19.
17. Determine the net tax due on line S20 by subtracting the vendor’s compensation from total tax collected.
18. If applicable, include any penalties or negligence fees as outlined on lines S21 and S22.
19. Finalize your payment due on lines S25 and S26, ensuring to include any credit balance if applicable.
20. Once you have filled the form completely and double-checked your entries, you can save your changes, download, or print the form for submission.

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