Get Va Vm-2 2020-2025

Filling out the VA VM-2 form online can simplify the process of reporting sales tax for vending machine dealers. This guide will provide you with step-by-step instructions to ensure that you complete the form accurately and efficiently.

Follow the steps to complete your VA VM-2 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your name and address in the designated fields. Ensure that this information is accurate and matches your business registration.
3. Fill in your account number and the filing period (MM-YYYY) for the report you are submitting.
4. Complete Section A by entering the cost price of tangible personal property in Line 1. Then, list any allowable deductions on Line 2.
5. To calculate the taxable amount, subtract the allowable deductions from the cost price and enter the result in Column A of Line 3.
6. Multiply the taxable amount by the state sales tax rate of 5.3% and enter the result in Column B, Line 3.
7. If applicable, fill out Line 4 for any dealer discounts based on the taxable sales amount, as per the instructions provided.
8. Calculate your net state sales tax by subtracting the dealer discount (if any) from the amount in Column B of Line 3, and enter it in Line 5.
9. Complete lines 6a, 6b, and 6c for additional regional taxes, entering taxable amounts for the Northern Virginia, Hampton Roads, and Central Virginia regions.
10. Add up your total state and regional tax on Line 7 and complete Line 8 with the total local tax calculations.
11. Finally, calculate the total amount due by summing the state, regional, local taxes, any penalties, and interest, and enter this on Line 12.
12. Review all entries for accuracy, then save your changes. You can download, print, or share the form as needed.

Complete your VA VM-2 online now for a hassle-free filing experience.