Get Shore Based Severanceform

Filling out the Shore Based SeveranceForm is an essential process for shore-based processors of seafood products. This guide provides clear, step-by-step instructions to help users successfully complete the form online.

Follow the steps to accurately complete your severance form online.

1. Click the 'Get Form' button to access the Shore Based SeveranceForm and open it in your preferred online editor.
2. Select the appropriate quarter for reporting by marking either the first, second, third, or fourth quarter, and enter the corresponding year.
3. Provide your individual or corporate name, along with your federal EIN and business name, ensuring that all information matches your filings.
4. Enter your fisheries business license number, mailing address, daytime telephone number, and the city, state, and ZIP code.
5. Indicate the physical location of your operation by specifying the street and city.
6. Fill in the gross value of production, the payments for products received in the prior quarter, and calculate the total value of production by adding lines 1 and 2.
7. Calculate the total tax by multiplying the total value of production (line 3) by 0.01075.
8. Determine if you are paying the tax on time. If yes, multiply the total tax (line 4) by 0.05, otherwise enter zero and be prepared to pay the full amount on line 4 along with any penalties and interest.
9. Subtract the amount computed in step 8 from the total tax to find the final amount due.
10. Complete the declaration section by signing, typing or printing your name, and entering the date.
11. Once all sections are filled out, save your changes and use options available to download, print, or share the form as necessary.

Take the next step in managing your documents online by filling out the Shore Based SeveranceForm today.