Form Cg 7042 PDF Details

Form 7042 is a document used to report certain types of business income. This form is used by partnerships, S corporations, and C corporations to report their income from trade or business activities. The form must be filed with the IRS by the due date of the tax return, which is generally April 15th. There are a number of different types of income that must be reported on Form 7042, so it is important to understand what type of income your business generates. In this blog post, we will discuss some of the most common types of income that must be reported on Form 7042. We will also explain how to complete the form and provide an example. So if you are wondering whether or not your business needs to file Form 7042, keep reading!

QuestionAnswer
Form NameForm Cg 7042
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namescg 7042, us coast guard form 7042, cg 7042 authorization for credit card, form 7042 form

Form Preview Example

DEPARTMENT OF HOMELAND SECURITY

OMB No: 1625-0027

U.S. Coast Guard

Expires: 04/30/2023

AUTHORIZATION FOR CREDIT CARD TRANSACTIONS

 

A. DATE

B. FROM

C. TELEPHONE NUMBER

D. VESSEL NAME

E. HULL IDENTIFICATION # OR OTHER UNIQUE IDENTIFIER (IF ANY)

F. CREDIT CARD HOLDER’S NAME

G. CREDIT CARD NUMBER (WE ACCEPT VISA, MASTERCARD, AMERICAN EXPRESS OR DISCOVER)

H. EXPIRATION DATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I. AMOUNT OF CHARGE

 

J. VESSEL USE/ENDORSEMENT (CHECK ONE)

K. OFFICIAL # OR HIN

 

 

 

 

 

 

 

 

 

 

REC

 

 

COM

 

 

 

 

 

 

 

 

 

 

 

 

 

L. INDICATE SERVICE REQUIRED

 

 

 

 

 

 

 

 

 

 

 

 

Visit our website at http://www.uscg.mil/nvdc for complete Fee Schedule

 

 

Application Fees (Initial, Exchange, Return, and Replacement)

Amount $ ____________

 

 

Certificate of Ownership (CG-1330) Fee $125.00

 

 

 

 

 

 

 

 

Copy of General Index or Abstract of Title

Fee $25.00

 

 

 

 

 

 

 

 

Certified Copy of Certificate of Documentation w/Seal Fee $4.00

 

 

 

 

 

 

 

Deletion Letter $15.00

Bill of Sale $8.00/page

Application for Renewal $26.00

Application for Late Renewal $5.00 (include $26.00 Renewal fee for a total of $31.00)

Other __________________________ Amount $ ____________

APPLICATION FEES ARE NOT REFUNDABLE (46 CFR 67.500 (d)).

M.REQUESTOR NAME & ADDRESS

ATTN:

N.TELEPHONE NUMBER

O.FAX NUMBER

P.E-MAIL ADDRESS

FOR COAST GUARD USE ONLY

Q. NAME OF PERSON TAKING REQUEST

R. DATE PROCESSED

PRIVACY ACT STATEMENT

1.AUTHORITY: 5 U.S.C. 301, DEPARTMENTAL REGULATIONS; 46 U.S.C. CHAPTER 121, DOCUMENTATION OF VESSELS.

2.PURPOSE: COLLECT USER FEES FOR SERVICES (E.G. VESSEL DOCUMENTATION, BILL OF SALE, CERTIFICATE OF OWNERSHIP, ETC.) PROVIDED BY THE USCG NATIONAL VESSEL DOCUMENTATION CENTER (NVDC).

3.ROUTINE USES: AUTHORIZED USCG PERSONNEL WILL USE THIS DATA TO ASSESS AND ACCOUNT FOR VARIOUS USER FEES CHARGED BY THE NVDC. ANY DISCLOSURES OF DATA WITHIN THIS RECORD WILL BE MADE IN ACCORDANCE WITH DHS/USCG-013, MARINE INFORMATION FOR SAFETY AND LAW ENFORCEMENT (MISLE), 74 FEDERAL REGISTER (FR) 30305, JUNE 25, 2009, AND DHS/ALL-007 ACCOUNTS PAYABLE SYSTEM OF RECORDS, 80 FEDERAL REGISTER (FR) 58286, SEPTEMBER 28, 2015.

4.CONSEQUENCES OF FAILURE TO PROVIDE INFORMATION: VOLUNTARY. HOWEVER, NO DOCUMENTATION SERVICE FOR WHICH A FEE IS APPLICABLE WILL BE PERFORMED UNTIL THE APPROPRIATE FEE HAS BEEN PAID, AS PER 46 CFR PART 67.500.

THE COAST GUARD ESTIMATES THAT THE AVERAGE BURDEN FOR THIS FORM IS 5 MINUTES. YOU MAY SUBMIT ANY COMMENTS CONCERNING THE ACCURACY OF THIS BURDEN ESTIMATE OR MAKE SUGGESTIONS FOR REDUCING THE BURDEN TO: U.S. COAST GUARD, NATIONAL VESSEL DOCUMENTATION CENTER, 792 T J JACKSON DRIVE, FALLING WATERS, WEST VIRGINIA 25419, OR OFFICE OF MANAGEMENT AND BUDGET, PAPERWORK REDUCTION PROJECT (1625-0027), WASHINGTON, DC 20503.

CG-7042 (05/20)

Previous Edition Obsolete

Page 1 of 1

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1. While filling in the uscg form cg 7042, make sure to include all of the necessary blanks within the relevant area. This will help to speed up the work, which allows your information to be processed without delay and properly.

Step no. 1 of submitting form 7042 form

2. Given that the previous part is done, it is time to insert the required specifics in Application Fees Initial Exchange, APPLICATION FEES ARE NOT, N TELEPHONE NUMBER, O FAX NUMBER, P EMAIL ADDRESS, FOR COAST GUARD USE ONLY, R DATE PROCESSED, M REQUESTOR NAME ADDRESS ATTN, and Q NAME OF PERSON TAKING REQUEST so you're able to go to the 3rd part.

The way to complete form 7042 form step 2

People often make mistakes when filling in N TELEPHONE NUMBER in this area. Make sure you read twice what you enter right here.

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