Get Business And Occupation Tax Return - City Of Longview, Wa

Filing your Business And Occupation Tax Return online can be a straightforward process with the right guidance. This comprehensive guide will walk you through each step of the form, ensuring that you meet all necessary requirements while avoiding potential penalties.

Follow the steps to accurately complete your Business And Occupation Tax Return.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your license number in the designated field at the top of the form.
3. Indicate the quarter calendar period for which you are filing, ensuring the dates match your business activities.
4. If your address differs from what is shown, correct it in the provided space.
5. In section A, select the appropriate business classification that best describes your operations (e.g., contracting, retailing).
6. Enter the gross amount of sales or income for your business in column B next to the business classification you selected.
7. Detail any allowable deductions in column C, ensuring to itemize them in the area provided at the end of the form.
8. Subtract the total deductions in column C from the gross amount in column B to find the taxable amount, entering that figure in column D.
9. Multiply the taxable amount in column D by the corresponding tax rate in column E, recording the result in column F, which represents your total tax due.
10. Sum the total amounts of lines for applicable columns (D and F) and enter the total on line 7.
11. If necessary, include any penalty amounts on line 8 as guided.
12. If applicable, note any overpayments or credits on line 9, making sure to attach a copy of the tax credit notice.
13. Add the amounts from line 7; include the penalty from line 8 and subtract any overpayment from line 9 to calculate the total tax and penalty due.
14. Finally, save changes, download, print, or share the completed form as necessary, ensuring to keep a copy for your records.

Complete your Business And Occupation Tax Return online today to stay compliant and avoid potential penalties.