Free EFT ructions for Sales and Use Tax Prepayment Accounts - California

BOE-367-EFT (FRONT) REV. 2 (2-00)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

EFT FILING INSTRUCTIONS FOR
SALES AND USE TAX PREPAYMENT ACCOUNTS

(The following due dates do not apply to taxpayers filing on a special reporting basis.)

Prepayments of tax are due as follows:
FIRST, THIRD AND FOURTH CALENDAR QUARTERS
The first prepayment is due on or before the 24th day of the month following the first month of the quarter.
The second prepayment is due on or before the 24th day of the month following the second month of the quarter.
All prepayments in the first, third and fourth quarters must be an amount:
1. not less than 90% of the tax liability for the month, or 2. equal to one-third (1/3) of the measure of tax liability reported for the corresponding quarterly period of the preceding year multiplied by the tax rate in effect when prepayment is made, provided you or your predecessor were in business during all of the quarter. SECOND CALENDAR QUARTER
The first prepayment is due on or before May 24th. This prepayment is for the month of April and must be an amount equal to:
1. not less than 90% of the tax liability for the month of April, or 2. one-third (1/3) of the measure of tax liability reported for the corresponding quarterly period of the preceding year multiplied by the tax rate in effect when prepayment is made, provided you or your predecessor were in business during all of the quarter. The second prepayment is due on or before June 24th. This prepayment is for the period of MAY 1 through JUNE 15 and must be an amount equal to: 1. 90% of the tax liability for May plus 90% of the tax liability for the first 15 days of June, or 2. 135% of the tax liability for May or 3. one-half (1/2) of the measure of tax liability reported for the corresponding quarterly period of the preceding year multiplied by the tax rate in effect when prepayment is made, provided you or your predecessor were in business during all of the quarter.

Schedule for Electronic Funds Transfer Payments of Sales and Use Taxes (Showing Correct Tax Type Code for Period Ending Date)
QUARTERLY OR QUARTERLY PREPAYMENT REPORTING BASIS FOR SALES AND USE TAX
TAX TYPE CODE

REPORTING PERIOD 1ST QUARTER (JANUARY--MARCH) FIRST PREPAYMENT SECOND PREPAYMENT QUARTERLY PAYMENT 2ND QUARTER (APRIL--JUNE) FIRST PREPAYMENT SECOND PREPAYMENT QUARTERLY PAYMENT 3RD QUARTER (JULY--SEPTEMBER) FIRST PREPAYMENT SECOND PREPAYMENT QUARTERLY PAYMENT 4TH QUARTER (OCTOBER--DECEMBER) FIRST PREPAYMENT SECOND PREPAYMENT QUARTERLY PAYMENT

PERIOD ENDING DATE

DUE DATE

04101 04102 04100

1/31/YY Last day of February 3/31/YY

2/24/YY 3/24/YY 4/30/YY

04101 04102 04100

4/30/YY 6/15/YY 6/30/YY

5/24/YY 6/24/YY 7/31/YY

04101 04102 04100

7/31/YY 8/31/YY 9/30/YY

8/24/YY 9/24/YY 10/31/YY

04101 04102 04100

10/31/YY 11/30/YY 12/31/YY

11/24/YY 12/24/YY 1/31/YY

Reminder: In addition to making your electronic payment, be sure to file your tax return through the mail on a timely basis.

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BOE-367-EFT (BACK) REV. 2 (2-00)

Schedule for Electronic Funds Transfer Payments of Sales and Use Taxes (Showing Correct Tax Type Code for Period Ending Date)

MONTHLY REPORTING BASIS FOR SALES AND USE TAX
TAX TYPE CODE*

REPORTING PERIOD

PERIOD ENDING DATE

DUE DATE

JANUARY FEBRUARY MARCH

04100 04100 04100

1/31/YY Last day of February 3/31/YY

Last day of February 3/31/YY 4/30/YY

APRIL MAY JUNE

04100 04100 04100

4/30/YY 5/31/YY 6/30/YY

5/31/YY 6/30/YY 7/31/YY

JULY AUGUST SEPTEMBER

04100 04100 04100

7/31/YY 8/31/YY 9/30/YY

8/31/YY 9/30/YY 10/31/YY

OCTOBER NOVEMBER DECEMBER

04100 04100 04100

10/31/YY 11/30/YY 12/31/YY

11/30/YY 12/31/YY 1/31/YY

*

Tax Type Code 05600 must be used in reporting prepayment of sales tax on fuel distributions. All prepayments of sales tax on fuel distribu tions are due on the 25th of the month.

Reminder: In addition to making your electronic payment, be sure to file your tax return through the mail on a timely basis.