Get In Dor Ivt-1 2021

The IN DoR IVT-1 form is essential for reporting fuel inventory for taxation purposes in Indiana. This guide will provide you with a step-by-step approach to effectively complete the form online, ensuring compliance with state regulations.

Follow the steps to complete your fuel inventory report online.

1. Press the ‘Get Form’ button to access the IN DoR IVT-1, allowing you to open the document in your preferred editing tool.
2. In Section A, fill in your legal business name, federal identification number, and any applicable DBA name.
3. Provide your physical street address, city, state, and ZIP code corresponding to that address.
4. Enter the telephone number of the person responsible for completing the form, followed by the email address if available.
5. Input your Indiana taxpayer identification number and the 3-digit location number if applicable.
6. If filing a consolidated return for multiple locations, check the ‘Consolidated Return’ box and include a separate sheet listing all locations and gallons.
7. For Section B, report the total whole gallons of gasoline and any special fuel you have in inventory.
8. Indicate the amount of any tax rate increase affecting your reported gallons.
9. Calculate the inventory tax due by multiplying the total gallons from Line 1 by the tax rate increase from Line 2.
10. Sum the amounts from Line 3 for both gasoline and special fuel to determine the total tax due.
11. If submitting late, calculate the penalty and interest, then sum these amounts to find the total amount due.
12. Review all entries for accuracy, then save changes, download the completed form, or share as necessary.

Complete and submit your IN DoR IVT-1 online today to ensure compliance with Indiana tax regulations.