Get Tn Sur 405 2005-2026

The TN SUR 405 is a crucial document for businesses engaged in the rental of motor vehicles in Tennessee. This guide provides a clear, step-by-step approach to successfully complete the form online, ensuring compliance with all tax reporting requirements.

Follow the steps to fill out the TN SUR 405 accurately.

1. Press the ‘Get Form’ button to access the TN SUR 405 and open it in your editor.
2. In the ‘Filing Period’ section, enter the relevant quarter dates of your business operations for which you are reporting.
3. Locate the ‘Account No.’ field. If your account number is not preprinted, provide your federal employer identification number (FEIN) or social security number (SSN) in the spaces provided.
4. Fill in the ‘Due Date’ field, ensuring this reflects the correct filing deadline for your tax return.
5. Indicate whether this is an amended return by checking the appropriate box if applicable.
6. Complete Line 1 by reporting the gross proceeds from the rental of private passenger motor vehicles for the specified period.
7. On Line 2, calculate and enter 3% of the amount listed on Line 1.
8. On Line 3, list total county wheel taxes, title and registration fees, and other eligible deductions paid during this reporting quarter.
9. For Line 4, subtract the amount on Line 3 from the amount on Line 2.
10. Enter any credits from prior quarters on Line 5.
11. For Line 6, deduct Line 5 from Line 4 to determine your total tax for the current reporting period.
12. Calculating penalties, enter 5% of Line 6 for each 30-day period of lateness for Line 7, making sure not to exceed 25%.
13. If your return is filed late, compute the interest on Line 8 based on the tax amount from Line 6.
14. List the total credits due on Line 9 and calculate the total amount remitted with the return on Line 10.
15. Finally, ensure to sign and date the return in the designated signature box.
16. After completing the form, save your changes, and opt to download, print, or share the form as needed.

Complete your TN SUR 405 online to stay compliant with Tennessee tax requirements.