Get the free 01-117 Texas Sales and Use Tax Return - Short Form

"01-117" refers to a form used by the Texas Comptroller of Public Accounts for reporting and remitting sales and use tax. It is called the Texas Sales and Use Tax Return.

The 01-117 form in Texas is used by businesses to report and remit the sales and use tax collected from their customers. Any business that is registered with the Texas Comptroller of Public Accounts and is engaged in selling taxable goods or services in the state is required to file this form.

To fill out form 01-117 Texas Sales and Use Tax Return, follow the steps below: 1. Download the form: Go to the Texas Comptroller of Public Accounts website and navigate to the Forms page. Look for form 01-117 Texas Sales and Use Tax Return and download it to your computer. 2. Review the instructions: Before filling out the form, carefully read the instructions provided with the form. Understand the different sections and requirements to ensure accurate filling. 3. Provide business information: Start by entering your business's legal name, address, and Comptroller's taxpayer number at the top of the form. 4. Reporting period: Indicate the period for which the sales and use tax return is being filed. Provide the starting and ending dates in the designated section. 5. Gross sales receipts: Enter the gross sales receipts for the reporting period in the appropriate boxes provided. These include taxable and nontaxable sales made during the period. 6. Taxable sales: On line 3, report the total taxable sales made during the reporting period that are subject to Texas sales and use tax. 7. Exemptions: If you have any sales that are exempt from sales tax, enter the exempt amount on line 4. Be sure to include any necessary documentation to support these exemptions. 8. Total tax due: Based on the taxable sales, calculate the total sales tax due using the tax rate applicable to your business activity. Enter the amount on line 5. 9. Prepaid sales tax credit: If applicable, you may have pre-paid sales tax that can be used as a credit to offset your liability. If you have such credits, enter the amount on line 6. 10. Allowable credits: Report any other credits or deductions that you may qualify for on line 7. Make sure these credits are supported by appropriate documentation. 11. Total credits: Add up the total of lines 6 and 7 and enter the amount on line 8. 12. Calculate net tax due: Subtract the total credits (line 8) from the total tax due (line 5). Enter the net tax due amount on line 9. 13. Optional payment: If you wish to make a voluntary payment, enter the amount on line 10. This is not required but can be used to pay an additional amount towards your tax liability. 14. Signature and date: Sign and date the form after completing all the necessary sections. 15. Retain a copy: Make sure to keep a copy of the filled-out form and any supporting documentation for your records. 16. Submission: Send the completed form along with any payment (if applicable) to the Texas Comptroller of Public Accounts as per the instructions provided with the form. Note: While this provides a general overview, it is recommended to consult the official instructions and, if needed, seek advice from a tax professional to ensure accurate and compliant completion of the form.

The information provided, "01-117 Texas Sales and..." seems to be incomplete. Please provide more context or information to accurately answer your question.

Form 01-117, also known as the Texas Sales and Use Tax Return, requires the reporting of various information related to sales and use tax activities in Texas. The specific information that must be reported on this form includes: 1. Gross sales: The total amount of sales made during the reporting period, including taxable and nontaxable sales. 2. Taxable sales: The portion of gross sales that is subject to sales tax. 3. Sales tax due: The amount of sales tax that is due based on taxable sales made during the reporting period. 4. Out-of-state sales: The total amount of sales made to customers located outside of Texas. 5. Exemptions and exclusions: Any exemptions or exclusions claimed for certain sales, such as sales to exempt organizations or sales of certain types of goods or services. 6. Purchases subject to use tax: The total amount of taxable items purchased from out-of-state vendors or sellers that are subject to use tax. 7. Use tax due: The amount of use tax that is due based on taxable purchases made during the reporting period. 8. Credits and refunds: Any credits or refunds claimed for overpaid sales or use tax in previous periods. 9. Other deductions: Any other deductions or adjustments that need to be reported, such as bad debts or returned merchandise. 10. Total tax due: The total amount of sales and use tax due for the reporting period, calculated by adding the sales tax due and the use tax due and subtracting any credits or refunds. It is important to note that this information may vary depending on the specific reporting requirements of the Texas Comptroller's Office. It is recommended to refer to the official instructions and guidelines provided by the Texas Comptroller's Office when preparing and filing Form 01-117.

The deadline to file Form 01-117, Texas Sales and Use Tax Return, in 2023 is typically the 20th day of the month following the reporting period. However, it is always advised to consult the official Texas Comptroller website or contact the Texas Comptroller's office for the most accurate and up-to-date information regarding filing deadlines.

The penalty for late filing of the 01-117 Texas Sales and Use Tax Return is a 10% penalty of the total tax due. Additionally, interest accrues on the unpaid tax amount at a rate of 5% per year. Note: It is important to consult with a tax professional or review the official Texas Comptroller's website for the most accurate and up-to-date information regarding tax penalties and regulations.

The pdfFiller Gmail add-on lets you create, modify, fill out, and sign 01-117 texas sales and and other documents directly in your email. Click here to get pdfFiller for Gmail. Eliminate tedious procedures and handle papers and eSignatures easily.

pdfFiller makes it easy to finish and sign 01-117 texas sales and online. It lets you make changes to original PDF content, highlight, black out, erase, and write text anywhere on a page, legally eSign your form, and more, all from one place. Create a free account and use the web to keep track of professional documents.

Use the pdfFiller mobile app to complete and sign 01-117 texas sales and on your mobile device. Visit our web page (https://edit-pdf-ios-android.pdffiller.com/) to learn more about our mobile applications, the capabilities you’ll have access to, and the steps to take to get up and running.