Information for businesses from the Iowa Automobile Rental Tax.

Slides:

Advertisements

Similar presentations

STATE OF NEVADA DEPARTMENT OF TAXATION. Online Filing.

Advertisements

STATE OF NEVADA DEPARTMENT OF TAXATION. Automotive Industry.

Do you have Iowa residents who work in Illinois? Information for businesses from the The Iowa / Illinois Reciprocal Agreement.

Information for businesses from the Do I Pay Sales Tax When I Buy a Computer?

Information for businesses from the

1 Arizona Sales Tax & Use Tax Tax Compliance Financial Services Office.

Iowa Individual Income Tax Tax information for individuals from the Do I Need to Make Estimated Payments?

Iowa Income Tax Returns Tax information for individuals from the Im a Part-Year Resident Do I Need to File?

Do you have employees working in Iowa? Information for businesses from the Withholding Information For Employers.

Iowa Individual Income Tax

Iowa Individual Income Tax Tax information for individuals from the Extension of Time to File.

Information for businesses from the Im Starting a Business – Who Should I Contact?

Information for businesses from the Iowa Sales Tax on Coupons, Discounts, & Rebates.

Information for businesses from the Do Manufacturers Pay Iowa Sales Tax When They Buy Machinery & Equipment?

Information for businesses from the Iowa Sales Tax on Lawn Care & Landscaping.

Taxpayers Tax base Tax calculation Tax exemption Tax preferences 10. VAT (2)

Do I need to pay this? Tax information for businesses from the Consumers Use Tax.

Iowa Individual Income Tax Tax information for individuals from the Military Personnel & Their Spouses.

Iowa Individual Income Tax Tax information for individuals from the I’m a Nonresident with Iowa Gambling Winnings What Should I Do?

Information for businesses from the State Excise Tax on Certain Construction Equipment.

Information for businesses from the Do I Need an Iowa Retailer’s Use Tax Permit?

Information for businesses from the

Iowa Income Tax Returns Tax information for individuals from the I’m in the Military Do I Need to File?

1 Arizona Sales Tax & Use Tax Chunyan Pan Tax Manager Financial Services Office.

IFTA / IRP Audit Process Mileage Audit

ILLINOIS DEPT OF REVENUE 1. Illinois Department of Revenue Leased Motor Vehicle Changes and New Reporting Requirements January 1,

Hiring Incentives to Restore Employment, or H.I.R.E. Lori Cacioppo Sr. Stakeholder Liaison Date: September 29, 2010.

1 Motor Carrier Registration Motor Fuels Tax Division Rev. 08/09.

Aviation Fuel Taxes Logan Collins and Dave Perry Perry Brothers Aviation Fuels, LLC.

V S Datey Website – Reverse Charge in service tax.

1 Arizona Sales Tax & Use Tax Chunyan Pan Tax Manager Financial Services Office.

5.2 File a Tax Return.  Tax Return  Form W-2  Form 1099-INT  Form 1040EZ  Dependent  Deduction  Social Security Number  Taxable income.

Booth Rental Renting “Space” in a Salon Mr. O 11/09 Name: ______________________________________________________ Teacher:_____________________________________________________.

Copyright  2003 McGraw-Hill Australia Pty Ltd PPTs t/a Tax Procedures for your Business by Ian Birt, Slides prepared by Peter Miller 1 Goods and Services.

LESSON 13-4 PAYING WITHHOLDING AND PAYROLL TAXES.

Consumer Taxation. Learning Objectives  Identify the major types of consumer taxation.  Compute gross and net pay.  Complete personal income tax forms.

New Vendor Sales Tax Basics Diane M. Werner, C.P.M. Ohio Department of Taxation Akron Service Center.

Futures II Federal Income Taxes Mr. Belolan. Objectives Students will identify which income tax form to use for filing Students will identify which income.

Budgeting and Controlling Operations and Taxes. Control Financial Planning  Operating System Financial Planning  Operating System Steps Steps Set performance.

Lesson 2-3 Taxes and Other Deductions - List the required and optional deductions from gross pay. - Explain the contents of commonly used federal tax forms.

Hosted by Ms. Appel True/False 1True/False 2Fill In The Blank 1 Fill In The Blank FinalFinal.

Copyright 2007 Thomson South-Western Chapter 8 Paying for Credit.

Non-Gold Member Reservation 1 1.Go to Hertz.com 2.Insert rental pick up location 3.Select if returning to different location 4.Pick up date and time Return.

Payroll Accounting, Taxes, and Reports

SERVICES & PRODUCTS. WHAT WE PROVIDE  Federal Tax Preparation  State Tax Preparation  Refund Options  Great Customer Service.

#GaGTC15 An Overview of Georgia's New Hotel-Motel Fee and Sales Tax on Accommodations Commissioner Lynne Riley and Amy Oneacre, Department of Revenue.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-4 Paying Withholding and Payroll Taxes.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-4 Paying Withholding and Payroll Taxes  Paying the liability for employee taxes.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-4 Paying Withholding and Payroll Taxes.

FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc General Accounting Procedures, 7181 Collecting and Reporting Sales Tax A. The Purpose of This.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-4 Paying Withholding and Payroll Taxes.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-4 Paying Withholding and Payroll Taxes.

Source Document Deadlines Payroll Terms Grab Bag.

Page 1 Line American Opportunity Credit For tax years beginning in 2009, taxpayers can claim a credit up to $2,500 per student; new credit.

 Purpose  Meaning  Relevant Notification  Applicability of New Partial Reverse Charge Mechanism  Special Points.

Delinquent Tax Collector’s Office The function of the Delinquent Tax Collector’s Office is to collect delinquent real and personal property taxes, penalties.

UNIT 3: MONEY MANAGEMENT By Jakob Kramer 2/25/16.

MONEY MANAGEMENT William Blochberger. OPENING A BANK ACCOUNT  Setting up a business bank account is easy. Start by selecting the bank you want to work.

Teresa Feagans Sr. Accountant Payroll & Employee Services.

Taxes in the USA. To tax is to impose a financial charge upon a taxpayer by state. Failure to pay is punishable by law. Taxes consist of direct tax (income.

IOWA SALES / USE TAX BASICS PART 2 Terry O’Neill Taxpayer Service Specialist.

Vocabulary Understanding the IRS. Vocab W-2 Form Electronic filing Tax Refund Tax liability W-4 Form Federal income tax Social security tax Medicare tax.

Chapter 5 Introduction to Business Expenses Murphy & Higgins

Introduction to Business Expenses

Enterprise Holdings, Inc.

College of Coastal Georgia

Standard Deduction Schedule L.

Small Retailer Property Tax Relief Credit

Understanding the Impact of Tax Reform Chris and Supriya – 20 min.

Presentation transcript:

Information for businesses from the Iowa Automobile Rental Tax

What is Automobile Rental Tax? A state excise tax imposed on: the rental of passenger vehicles; designed to carry nine or fewer passengers; and rented for a period of 60 days or less.

Does Auto Rental Tax Apply to Rental of All Vehicles? No. The tax is not imposed on: delivery trucks; motorcycles; and motorized bicycles.

What Is the Auto Rental Tax Rate? The rate is 5% on the rental of qualifying vehicles, and applies everywhere in the State of Iowa.

Are There Any Exemptions From the Auto Rental Excise Tax? Yes, the following are not subject to auto rental tax: contracts for periods of more than 60 consecutive days. To qualify, the renter must contract to rent for a single period of more than 60 days and cannot accumulate these days; contracts made directly with federal or Iowa state/local government entities and Iowa schools; or others exempt from Iowa sales/use tax.

What Is Meant by a Contract Made Directly With a Government or School? Rentals paid for directly by federal or Iowa state/local government entities and Iowa schools are exempt. However, vehicles rented to government or school employees who are paying with cash, personal check, or personal credit card are subject to tax. This is true even if the employees will be reimbursed by the government or school.

Are Auto Rentals Subject to Sales Tax and Local Option Sales Tax? Yes. The auto rental tax is in addition to Iowa sales tax and local option tax.

Do I Need a Special Permit to Collect Auto Rental Excise Tax? No. The state sales or use tax permit is the only permit required.

How Do I Report and Pay Auto Rental Excise Tax? Auto rental tax is reported and paid to the State of Iowa along with the state sales or use tax. Retailers show a breakdown of auto rental excise tax on their sales or use tax quarterly returns. Tax returns are filed electronically through the Departments online service eFile & Pay.eFile & Pay

Questions? Call us: 8 a.m. - 4:15 p.m. CT or (Iowa, Omaha, Rock Island, Moline) us at