Form 10 Local Sales and Use Tax Return

Form 10 Local Sales and Use Tax Return

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INSTRUCTIONS: NEBRASKA AND LOCAL SALES AND USE TAX RETURN (Form 10)

 

 

All Nebraska residents and businesses making taxable sales within the state is required to hold a sales tax permit and to submit a form 10 tax return on the 25th of the month following the tax period covered by the return. This document can be found on the website of the Nebraska Department of Revenue.

 

Nebraska And Local Sales And Use Tax Return 10 Step 1: At the top of the page, enter your tax category, state identification number, report code, the dates of the tax period in question and the due date of this return.

 

Nebraska And Local Sales And Use Tax Return 10 Step 2: Enter your name and location address of your business on the left, and your name and mailing address (if different) on the right. Check the box where indicated if filing a return regarding a business which has closed, been sold or no longer requires a sales tax permit.

 

Nebraska And Local Sales And Use Tax Return 10 Step 3: Complete the worksheet on the last page first. Enter your gross sales and service fees earned on line 1 both here and on line 1 of the first page. Lines 1A through 1G require you to detail all allowable exemptions and deductions as categorized. Enter the total on line 1H. Subtract line 1H from line 1 at the top and enter the result on line 2 both here and on the first page. Return to the first page. Multiply line 2 by the state tax rate of .055 and enter the sum on line 3.

 

Nebraska And Local Sales And Use Tax Return 10 Step 4: Return to the worksheet. Follow the instructions to determine your use tax due on line 4 and transfer this value to line 3 on the first page. Follow the remaining instructions concerning credit for tax paid to other states and jurisdictions to determine your net use tax due on line 6. Transfer this to line 4 of the first page.

 

Nebraska And Local Sales And Use Tax Return 10 Step 5: Complete Nebraska Schedule I to complete lines 5 through 6. Perform all calculations as instructed on lines 7 through 13 to determine your final balance due. Sign and date the form and submit it with payment in full to the address given.


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