Frequently Asked Questions
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- Electronic Filing
- PIN Number
- Tax Calculations
Q1. Can I round dollar values when entering my return?
Yes. Please round to the nearest whole dollar.
Q2. If I am permitted to and choose to pay my taxes on
the estimated basis, how do I calculate the amount I owe for each payment period?
Determine the amount of tax you owed the city in the previous tax year. If the tax
for which you are registered requires monthly deposits, divide that total annual
tax amount owed in the previous tax year by twelve. The quotient is the amount that
you must pay each month in the current tax year. If the tax for which you are
registered requires quarterly deposits, divide that total annual tax amount owed in
the previous tax year by four. The quotient is the amount that you must pay each
quarter in the current tax year.
PWT Rental Corp's actual Transaction tax liability for the tax year July 1, 2010
through June 30, 2011 was $24,000. PWT determines that it is qualified to make tax
payments on the estimated basis. If they elect to pay on the estimated basis, the
amount they must pay each month for the July 1, 2011 through June 30, 2012 tax year
is $2,000 ( which is the quotient of the total annual tax liability $24,000 divided
by 12 months).
Q3. I have a late monthly payment. Should I increase the
payment to the Department of Finance?
If you have any late periodic payments, please add Penalty and Interest amounts to
your return payment check and coupon.
- Confirmation Page
- Account Profile
- Tax Type
- Payment Method
- Delinquency / Incomplete Notification
- Penalty and Interest
- Deficient(DF) / Delinquent(DL) / Incomplete(DI) / Unsigned(DU)