Get Ut Tc-62m 2015

The UT TC-62M form is essential for reporting sales and use tax for multiple places of business in Utah. This guide provides step-by-step instructions on how to accurately fill out and submit the form online, ensuring compliance with tax regulations.

Follow the steps to complete the UT TC-62M online.

1. Press the ‘Get Form’ button to download the form and open it in your chosen online editor.
2. Start by entering your company name and address in the designated section below the line.
3. Indicate the tax period by entering the start and end dates in the format mmddyyyy.
4. Fill in the return due date in the mmddyyyy format.
5. If this is an amended return, check the box and enter the correct tax period you are amending.
6. If you wish to stop receiving paper forms or if you want to close your account, check the appropriate boxes.
7. Complete the sales information: enter total sales of goods and services in line 1, and any exempt sales in line 2.
8. Calculate taxable sales by subtracting line 2 from line 1 and enter the result in line 3.
9. In line 4, enter the goods purchased tax-free and used by your business.
10. Total taxable amounts can be calculated by adding line 3 and line 4, and enter this total in line 5.
11. If there are any adjustments, enter the figures and an explanation in line 6.
12. Calculate net taxable sales and purchases by adding or subtracting line 6 from line 5, and enter this amount in line 7.
13. In line 8a, enter total taxable non-food and prepared food sales from the relevant schedules.
14. In line 8b, enter total grocery food sales, excluding prepared food, also from the schedules.
15. Calculate the total tax by adding line 8a and line 8b, and enter this in line 9.
16. For residential fuels included in line 7, multiply by 0.0270 and enter this amount in line 10.
17. Calculate total state and local taxes due by subtracting line 10 from line 9; enter this in line 11.
18. If you are a monthly filer, calculate the seller discount (line 11 x .0131) and enter this in line 12.
19. Additionally, calculate the grocery food seller discount (line 8b x .0127) and enter in line 13.
20. Lastly, calculate NET TAX DUE by subtracting lines 12 and 13 from line 11, and enter the result in line 14.
21. If paying via electronic funds transfer, check the corresponding box for tax type code 0400.
22. Provide your authorized signature and the date at the bottom of the form.
23. Save your changes, and consider downloading, printing, or sharing the completed form for your records.

Complete your UT TC-62M form online today to ensure accurate filing and compliance.