Get Tx Comptroller 01-117 2016

Filling out the TX Comptroller 01-117 form online can streamline your sales and use tax reporting process. This guide provides clear, step-by-step instructions tailored for users with varying levels of experience.

Follow the steps to complete the TX Comptroller 01-117 form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your taxpayer number shown on your sales tax permit. If you do not have a sales tax permit, and you are a sole owner, enter your Social Security number. For other organizations, use the Federal Employer Identification Number (FEIN).
3. Specify the filing period by entering the month, quarter, or year and the last day of the period in the designated space, for example, 'Month Ending 12-31-07'.
4. Indicate the total sales amount (Item 1) by entering the total amount (excluding tax) of all services and sales, leases, and rentals made during the reporting period. Report whole dollars only. Enter '0' if you have no sales to report.
5. For Item 2, input the total amount (excluding tax) of all taxable services and sales during the reporting period. Again, report whole dollars only and enter '0' if applicable.
6. Add the totals from Item 2 (Taxable Sales) and Item 3 (Taxable Purchases) and enter this sum in Item 4. If there is no amount subject to tax, enter '0'.
7. Calculate the tax due by multiplying the total from Item 4 by the combined tax rate (Item 5). If you have questions about the rate, contact the Comptroller’s office for assistance.
8. If you are filing and paying on or before the due date, calculate the timely filing discount (Item 6) by multiplying the tax due (Item 5) by 0.005.
9. If applicable, enter any prior payments in Item 7, which may be preprinted for your convenience.
10. Calculate any penalty and interest due in Item 9 based on how late the filing is, according to the instructions provided.
11. Sum the net tax due (Item 8) and any penalties or interest (Item 9) to arrive at the total amount due (Item 10).
12. Once all fields have been filled out correctly, save changes, download, print, or share the completed form as needed.

Complete your TX Comptroller 01-117 form online today for a seamless tax filing experience.