Get La Form 8071 - New Orleans 2016

Filling out the LA Form 8071 is essential for business owners in New Orleans to report their sales, use, and parking taxes. This guide provides clear, step-by-step instructions for completing the form online, ensuring you have the necessary information at your fingertips.

Follow the steps to complete your LA Form 8071 online.

1. Click the ‘Get Form’ button to access the LA Form 8071 and open it in your preferred editor.
2. Fill in the business name and tax period at the top of the form. Ensure the account number is exactly nine digits.
3. In section S1, enter your total gross sales under Column A, which includes tangible personal property, rentals, leases, and services. Column B is reserved for unprepared food sales and prescription items.
4. Declare allowable deductions in sections S2 through S8. Fill in relevant values for sales for resale, cash discounts, and sales made outside Orleans Parish.
5. Calculate your total allowable deductions by summing lines S2 through S8, recording the total in line S9.
6. Determine your adjusted gross sales by subtracting line S9 from S1 to find the amount for line S10.
7. Report any purchases subject to use tax in line S11, using the appropriate columns for different types of goods.
8. Add lines S10 and S11 for your total taxable amount, recorded in line S12.
9. Calculate the tax due by multiplying total taxable amounts on line S12 by the applicable tax rates in lines S13 and S14.
10. Complete the vendor's compensation on line S16, then calculate net tax due by subtracting line S16 from line S15 to fill in line S17.
11. If filing late, determine penalties and interest for lines S18, S19, and S20, and sum them to compute total tax, penalty, negligence fee, and interest in line S21.
12. Transfer any credit balance from prior months to line S22, then subtract it from line S21 to find the amount due on line S23.
13. Finally, total all amounts due for your final payment on line S24. Ensure all calculations are correct before submission.
14. Save changes, then download, print, or share the completed form as necessary.

Ready to complete your LA Form 8071 online? Click the ‘Get Form’ button and start now!