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Michigan Sales _ Use Tax Worksheet

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Michigan Sales _ Use Tax Worksheet Powered By Docstoc
					                       Oakland University                  Tax Compliance Section of the Controller's Office

                                                MICHIGAN SALES & USE TAX WORKSHEET

                                            REPORTING UNIT                                MONTH REPORTED




                         ORG (4)      FUND (5) ACCOUNT (4)                                 YEAR REPORTED




Description Of Sales




  Description Of
     Rentals


      DEPARTMENT CONTACT PERSON                                                CONTACT E-MAIL ADDRESS




Send a copy of the signed report in the campus mail to, Accounting Office 121G West Vandenberg Hall, or fax a copy to
248-370-2554, or scan a copy into a document and Email to ollar@oakland.edu. The report is due on or before noon of
the 15th day of the month following the month being reported.

                                                                                   COLUMN A          COLUMN B
  RENTALS AND SALES                                                                RENTALS            SALES
1 Gross Sales including sales tax (If you complete line 1, leave 1a blank)        Does Not Apply
1a Gross Sales excluding sales tax (If you complete line 1a, leave 1 blank)       Does Not Apply
2 Rentals of Tangible Property                                                                      Does Not Apply
3 Gross Rentals & Sales (Add lines 1 and 2)                                                   -                  -
  ALLOWABLE DEDUCTIONS
Exempt Sales Requiring Form 3372 (Appendix 270.1)
4 Sales to other licensed retailers
5 Industrial Processing/Agricultural Producing
6 US Government or ST of MI & Political Subdivisions
7 Nonprofit School, Hospital, or Church
8 Companies who pay use tax directly to the ST of MI                                                Does Not Apply
  OTHER DEDUCTIONS
9 Interstate Commerce
10 Exempt Services
11 Bad Debts
12 Other Deductions. Describe:
13 Tax included in Gross Sales reported on line 1 column B                        Does Not Apply                 -
14 Total Allowable Deductions (Add lines 4 - 13)                                              -                  -
15 Taxable Sales (Subtract line 14 from line 3)   $   -   $   -
                       LINE-BY-LINE INSTRUCTIONS FOR THE MI SALES & USE TAX WORKSHEET
                                                                                                  Page 1 of 2
RENTALS AND SALES
Line 1 Gross Sales including sales tax
   Column A - Does Not Apply
   Column B - Enter total of all sales of tangible personal property including cash, charge and installment
               transactions (complete this line if selling prices include sales tax).
Line 1a Gross Sales excluding sales tax
   Column A - Does Not Apply
   Column B - Enter total of all sales of tangible personal property including cash, charge and installment
               transactions (complete this line if selling prices exclude sales tax).
Line 2 Rentals of Tangible Property
   Column A - Enter rental receipts generated from the rent or lease of tangible property if your department did
              not pay sales tax on the property at the time of acquisition.
   Column B - Does Not Apply
Line 3 Gross Sales and Rentals
   Add lines 1 and 2 to arrive at gross sales for the month (this is an automatic worksheet calculation).

ALLOWABLE DEDUCTIONS
   Use lines 4 through 12 to deduct nontaxable sales that were included in line 3 gross rentals and sales.
   Deductions taken for tax exempt sales must be substantiated in your records. For certain exemptions,
   you must obtain a completed Michigan Sales & Use Tax Certificate of Exemption from the purchaser.
Line 4 Sales to other licensed retailers (RESALE)
   Enter sales of tangible personal property to other licensed retailers which will be resold by that retailer.
   Obtain a completed copy of Michigan Sales & Use Tax Certificate of Exemption from the
   purchaser to support this deduction.
Line 5 Industrial Processing/Agricultural Processing
   Enter sales of tangible personal property to entities entitled to exemption as industrial processors or
   agricultural producers. The property sold must be for direct use in producing a product for eventual sale.
   Obtain a completed copy of Michigan Sales & Use Tax Certificate of Exemption from the purchaser to
   support this deduction.
Line 6 US Government or State of Michigan & Political Subdivision
   Enter direct sales to the United States Government and State of Michigan or its political subdivisions.
   Obtain a completed copy of Michigan Sales & Use Tax Certificate of Exemption from
   the purchaser to support this deduction.
Line 7 Nonprofit School, Hospital, or Church
   Enter direct sales not for resale to certain nonprofit agencies, schools, hospitals, churches and homes for
   the care of children and the aged, provided such activities are nonprofit and payment is directly from the
   funds of the exempt organization. Obtain a completed copy of Michigan Sales & Use Tax Certificate of
   Exemption from the purchaser to support this deduction.
Line 8 Companies who pay use tax directly to the State of Michigan
   Column A - Enter sales to companies who claim direct payment of use tax to the State of Michigan.
   Use tax does not apply to companies that have a letter from the Michigan Department of Treasury
   specifically granting direct payment authority. Departments must retain a copy of the purchaser's direct pay
   authority letter to support future exemption claims. Obtain a completed copy of Michigan Sales & Use Tax
   Certificate of Exemption from the purchaser to support this deduction.
Line 9 Interstate Commerce
   Enter sales made in interstate commerce. Sales tax does not apply on sales of tangible personal property
   shipped to out-of-state delivery addresses when the property will not be returned to Michigan for storage,
   use, or consumption. It is necessary for departments to retain documentary evidence of shipment outside the
   state for the purpose of substantiating a deduction on the tax worksheet.
Line 10 Exempt Services
   Enter charges for nontaxable services (labor) billed separately such as repair or maintenance, if these charges
were included in gross sales on line 3.
                   LINE BY LINE INSTRUCTIONS FOR THE MI SALES & USE TAX WORKSHEET
                                                                                                 Page 2 of 2
Line 11 Bad Debts
   Departments may deduct the amount of bad debts if the bad debt was previously reported as a taxable
   transaction and is documented in their records.
Line 12 Other Deductions
   Include deductions not reported on lines 4 through 11. An example of a miscellaneous deduction is credits
   allowed customers for voluntary return of merchandise previously sold and originally subject to tax.
   Repossessions are not allowable credits.
Line 13 Tax Included in gross sales reported on line 1
   Column A - Does not apply. The use tax act requires a seller to collect use tax as a separate item and
   prohibits the including of such charge as part of the sales price. Therefore, a deduction cannot be taken,
   computed on the "tax included in gross sales" method.
   Column B - Complete this line only if you have included sales tax in your gross sales reported on line 1.
   Subtract the sum of lines 4 through 12 from the amount reported as gross sales on line 3 column B. Divide
   the result by 17.6667 and enter the quotient on line 13 B (this is an automatic worksheet calculation).
Line 14 Total Allowable Deductions
   Enter total of lines 4 through 13 (this is an automatic worksheet calculation).
Line 15 Taxable Sales
   Subtract line 14 from line 3 to determine the sales subject to tax (this is an automatic worksheet calculation).

				
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