Home Tax Form 32022 Retail Use Tax

Form 32022 Retail Use Tax

Form 32022 Retail Use Tax

 

INSTRUCTIONS: IOWA SALES/RETAILER'S USE TAX RETURN (Form 32-022)

 

 

Iowa retailers must pay use tax on any tangible personal property purchased for which no state tax was paid. To calculate the amount owed and submit payment, complete form 32-022. This can be found on the website of the government of Iowa.

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 1: Detach the return along the dotted line on the first page where indicated.

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 2: The first table provided is a worksheet to help calculate your total exempt transactions. Enter the value of all interstate commerce, new construction, industrial machinery, equipment and computers, resale transactions, items that will incorporated into another item for resale, residential utility sales such as those of metered gas and sales made during sales tax holidays.

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 3: Enter the total of all exempt sales tax transactions on line i and transfer it to line 4 of the table below.

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 4: On line 1 of the table below, enter your gross sales.

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 5: On line 2, enter the value of all goods  consumed rather than resold or used for business.

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 6: Add lines 1 and 2 and enter the sum on line 3. 

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 7: Subtract line 4 from line 3. Enter the resulting taxable amount on line 5.

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 8: Multiply line 5 by the state sales tax rate of 6%. Enter this product on line 6a.

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 9: Skip to page two and follow the instructions to determine your total local tax due. Enter this on line 6b. Add lines 6a and 6b. Enter the result on line 7.

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 10: Enter your deposits or overpayment credits on line 8. Subtract this from line 7 and enter the result on line 9.

 

Iowa Sales/Retailer's Use Tax Return 32-022 Step 11: If you are filing late, follow the instructions to calculate your penalty and interest on lines 10 and 11. Add these to line 9 to determine your total due on line 12.

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