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Detailed Steps for Filling Out Missouri 4757

Completing the Missouri 4757 form requires careful attention to detail. This form must be filled out accurately to ensure compliance with state regulations. Once completed, the form will need to be submitted to the Missouri Department of Revenue along with any applicable payments.

  1. Begin by entering your company name, street address, city, state, and ZIP code in the designated fields.
  2. Provide your license number and federal ID number.
  3. Fill in your telephone number and Missouri tax ID number.
  4. Indicate the month and year for which you are reporting.
  5. If applicable, check the box for amended or additional report.
  6. Complete the gallons subject to tax section, rounding to whole gallons as needed. Include details for each type of fuel in the appropriate columns (A-G).
  7. Calculate the total gallons subject to tax by adding lines 1, 2, 3, and 4.
  8. Document the gallons of fuel exported and calculate the allowance based on the appropriate percentage.
  9. Determine the net gallons subject to tax by subtracting the net gallons exported from the total gallons subject to tax.
  10. Calculate the tax due by multiplying the net gallons subject to tax by the appropriate tax rates.
  11. If you have a credit authorization from a previous report, enter that amount and attach the necessary documentation.
  12. Calculate the total motor fuel tax by subtracting any credits from the tax due.
  13. Complete the inspection fee section, following similar steps to calculate the total inspection fee due.
  14. Fill out the transport load fee section, ensuring to round to whole dollars.
  15. Calculate any penalties and interest due if applicable.
  16. Finally, ensure that you sign, date, and print your name and title at the bottom of the form.
  17. Mail the completed form and payment to the Missouri Department of Revenue.

After submitting the form, you can expect to receive confirmation from the Department of Revenue. Keep a copy of the completed form and any attachments for your records. If you have questions or need further assistance, contacting the Department directly can provide clarity on any uncertainties.

Misconceptions

  • Misconception 1: The Missouri 4757 form is only for large distributors.
  • This form is actually required for all distributors of motor fuel in Missouri, regardless of their size. Even small businesses must file this report if they engage in the distribution of fuel.

  • Misconception 2: Filing the Missouri 4757 form is optional.
  • Filing this form is mandatory. Every distributor must submit the report by the end of each month for the previous month’s transactions, even if there were no sales or activity.

  • Misconception 3: Only fuel sold in Missouri needs to be reported.
  • Distributors must report all gallons received, including those for export. This ensures accurate tax calculations and compliance with state regulations.

  • Misconception 4: The tax rates on the form are fixed and do not change.
  • Tax rates can vary and may change over time. It is essential for distributors to check the current rates and apply them correctly when calculating taxes due.

  • Misconception 5: An amended report is the same as an additional report.
  • An amended report replaces the original report when significant errors are found. An additional report is used to correct or add specific gallons without altering the entire report.

  • Misconception 6: Payments for different types of taxes can be combined.
  • Each tax type, such as motor fuel tax and aviation gasoline tax, must be paid separately. Credits from one account cannot be used to offset payments in another category.

Dos and Don'ts

When filling out the Missouri 4757 form, it's crucial to follow specific guidelines to ensure accuracy and compliance. Here’s a list of what you should and shouldn't do:

  • Do ensure all required fields are completed accurately.
  • Do round all gallons and dollar amounts to whole numbers as instructed.
  • Do submit the report on time to avoid penalties.
  • Do attach any necessary supporting documents, such as credit authorizations.
  • Don't use a credit from one account to pay for another account.
  • Don't leave any fields blank; even if there is no activity, a report is still required.

Similar forms

  • IRS Form 720: This form is used to report and pay federal excise taxes, similar to how the Missouri 4757 form is used for state fuel taxes. Both forms require detailed reporting of taxable gallons and calculations of taxes owed.

  • IRS Form 2290: This is the Heavy Highway Vehicle Use Tax Return. Like the Missouri 4757, it involves reporting and paying taxes based on usage. Both forms require specific information about vehicles and fuel usage.

  • California Fuel Tax Return (FTB 400): This form is used in California for reporting fuel taxes. It shares similarities with the Missouri 4757 in terms of calculating taxes based on gallons received and sold.

  • Texas Motor Fuels Tax Report: This report is similar to the Missouri 4757 as it requires distributors to report gallons of fuel sold and taxes owed. Both forms have specific line items for tax calculations.

  • New York State Motor Fuel Tax Return: This form also requires detailed reporting of fuel gallons and tax calculations, just like the Missouri 4757. Both forms aim to ensure compliance with state tax regulations.

  • Florida Fuel Tax Return: Similar to the Missouri 4757, this form is used for reporting fuel taxes in Florida. It requires similar calculations and reporting of taxable gallons and exemptions.

  • Ohio Motor Fuel Tax Return: This return is comparable to the Missouri 4757, as both require reporting of fuel gallons and tax calculations for distributors operating in their respective states.

  • Illinois Motor Fuel Tax Return: Like the Missouri 4757, this form is used to report fuel tax liabilities and requires detailed information about gallons sold and taxes owed.

  • California Self-Proving Affidavit: This legal document allows a testator's will to be validated without the need for witnesses to testify in court, streamlining the probate process. For those looking to ensure their estate plans are efficient, consider filling out the Self-Proving Affidavit form.

  • Virginia Motor Fuel Tax Return: This form is similar in function to the Missouri 4757, as it involves reporting and paying taxes on fuel sold, with specific line items for various fuel types.

Document Information

Fact Name Details
Purpose of Form The Missouri 4757 form is used to report the monthly tax obligations of distributors regarding motor fuel, including gasoline, diesel, and other specified fuels.
Filing Deadline Reports must be submitted by the last day of each month for the previous month's activities. If this date falls on a weekend or holiday, the deadline extends to the next business day.
Governing Law This form is governed by Missouri Revised Statutes, specifically under Chapter 142, which pertains to the taxation of motor fuels.
Tax Rates The tax rates for various fuels reported on this form include $0.17 per gallon for most products and $0.09 per gallon for aviation gasoline.