INSTRUCTIONS: SAMPLE WYOMING SALES & USE TAX RETURN FOR ANNUAL VENDORS (Form 42-1)
Wyoming businesses which are classified as annual vendors providing goods and services to government agencies must file a form 42-1 calculating the sales and use taxes owed. This form can be completed online on the website of the Wyoming Department of Revenue. While vendors are encourage to complete and file this form online, this article discusses the sample print form available on the Department of Revenue's website.
Sample Wyoming Sales & Use Tax Return For Annual Vendors 42-1 Step 1: At the top of the form, enter your streamlined sales tax (SST) ID number, your ownership RID number, your business license number and name and address.
Sample Wyoming Sales & Use Tax Return For Annual Vendors 42-1 Step 2: Give the starting date for which you are filing and due date of the reporting period return.
Sample Wyoming Sales & Use Tax Return For Annual Vendors 42-1 Step 3: On line 1 of Part I, enter your total sales.
Sample Wyoming Sales & Use Tax Return For Annual Vendors 42-1 Step 4: On line 2, enter the total of all exempt or non-taxed sales and services.
Sample Wyoming Sales & Use Tax Return For Annual Vendors 42-1 Step 5: Subtract line 2 from line 1. Enter the resulting net taxable services and sales on line 3.
Sample Wyoming Sales & Use Tax Return For Annual Vendors 42-1 Step 6: Skip to Part II on the second half of the page. In this section, you determine the local taxes owed in your jurisdiction. Enter the name code of the jurisdiction, its digit code, its tax rate, indicate which quarter you were filing in, and then calculate your sales, use and excess tax due. If necessary, enter more sales information in Part III and transfer the total from there to line I of Part II. Total the jurisdictional tax due on line J.
Sample Wyoming Sales & Use Tax Return For Annual Vendors 42-1 Step 7: Transfer the total from line J of Part II to line D of Part I. Consult the instruction to determine your penalties and interest on line E and your credit, if any, on line F.
Sample Wyoming Sales & Use Tax Return For Annual Vendors 42-1 Step 8: Add lines D and E, subtract line F from the sum, and enter the result on line G. Sign and date the form.
