Get Ny Pt-350-i 2013

The NY PT-350-I is a tax return form specifically for operators of commercial vessels that utilize motor fuel and diesel fuel in New York State's territorial waters. This guide will provide a detailed, step-by-step approach to filling out the form online, ensuring you understand each section and field to complete your tax return accurately.

Follow the steps to complete the NY PT-350-I online.

1. Click ‘Get Form’ button to acquire the PT-350-I form and open it in the online editing tool.
2. Complete the taxpayer information section by entering the month you are filing for, your legal name, EIN or SSN, DBA name, business address, and telephone number.
3. For line 1, enter the total number of working days of your vessels that were active in New York State territorial waters during the reporting month.
4. For line 2, calculate and enter the total number of working days for all vessels using the working days method in both columns A and B.
5. On line 3, compute the working days ratio for each column by dividing the figures from line 1 by those from line 2, and enter the results.
6. Complete line 4 by entering the total number of gallons of motor fuel and diesel motor fuel purchased for vessel consumption during the month in columns A and B.
7. Calculate the gallons of fuel used in New York State for line 5 by multiplying the working days ratio (line 3) by the gallons from line 4, and enter this result.
8. On line 10, state the total gallons of motor fuel purchased in New York State for which the petroleum business tax was paid, entering amounts in columns A and B.
9. Proceed to line 11 to calculate the tax paid by multiplying the gallons from line 10 by the tax rate applicable from your invoice, providing results in respective columns.
10. Complete line 13 with the amount of available credit from previous returns, if applicable, and ensure to attach copies of past returns.
11. On line 14, subtract any credits from tax due, and list the result. For negative amounts, indicate it as an overpayment on line 18.
12. Conclude your form by reviewing all entries for accuracy. Save your changes and choose to download, print, or share the completed form as needed.

Ensure you take the necessary steps to complete your NY PT-350-I form online accurately and submit it on time.