Form Mt 40 PDF Details

In the complex landscape of New York State's taxation and finance system, the MT-40 form represents a significant piece of compliance documentation for businesses engaged in the manufacture, importation, and distribution of wines, liquors, alcohol, and distilled or rectified spirits. This intricately detailed form requires monthly filers to submit their returns no later than the 20th day of the following month, while annual filers have a deadline of January 20th of the subsequent year. The form meticulously categorizes business activities into various sectors such as manufacturer, importer, micro-farm winery, and direct wine shipper, necessitating precise identification for accurate processing. Additionally, it demands comprehensive data on inventories and purchases, subdivided by the alcohol volume in the products, and concludes with a calculation of taxes due to both New York State and New York City, contingent on the locale of the business operation or customer base. Compiled with a declaration of tax-free and tax-paid purchases, out-of-state sales, and allowable deductions, the MT-40 form embodies the state's effort to systematically regulate and tax the alcohol distribution industry, while imposing a stringent timeline and a thorough verification process to ensure compliance and accuracy in filings.

QuestionAnswer
Form NameForm Mt 40
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesmt40 mt40 filing address form

Form Preview Example

New York State Department of Taxation and Finance

 

 

MT-40

Return of Tax on Wines, Liquors, Alcohol,

 

 

and Distilled or Rectified Spirits

 

 

(9/09)

 

 

 

 

 

 

 

 

 

 

 

Monthly ilers: File each month on or before the 20th day of the following month.

 

Period covered by this return

 

 

 

 

 

 

Annual ilers: File each calendar year on or before January 20th of the following year.

 

 

 

 

 

 

 

 

 

 

 

 

Enter legal name and address if not preprinted.

 

 

 

 

Business telephone number

 

 

 

 

 

 

 

( )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nature of business activity

 

 

 

 

 

 

 

Manufacturer

Importer

Micro-farm

 

 

 

 

 

Noncommercial importer

Farm winery

winery

 

 

 

 

 

 

 

 

 

 

 

Direct wine shipper (DWS)

Special farm winery

 

 

 

 

 

 

 

 

 

 

 

 

No business this period

Abbreviated annual return

 

 

 

 

 

Cancel registration

 

 

Liquor tax registration number

Federal EIN or social security number

 

Amended return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State Liquor Authority (SLA) license number

 

Do you use or sell liquor with more than 24% alcohol by volume in New York City, or sell to a purchaser

 

 

 

 

 

 

whose licensed premises are in New York City?

Yes G

No G

If Yes, complete Schedule E.

 

 

 

 

 

 

 

 

 

 

 

 

Inventories and purchases

(Amounts must be reported in whole liters for columns A, B, and C and in whole gallons for columns D, E, and F.)

1 Amount on hand at beginning of period ...

2 Tax-free purchases (from Schedule A) ...

3 Tax-paid purchases (from Schedule B) ...

4 Total (add lines 1, 2, and 3) ....................

5 Amount on hand at end of period ......

6Amount to be accounted for (from Form MT-41, line 10; or subtract line 5 from line 4) ........

A

Liquors containing 24% alcohol or less

Wines containing 24% alcohol or less

Liquors, alcohol, distilled

B

C

D

E

F

or rectiied spirits, and

wine containing more

More than 2%

2% alcohol or less by

Natural

Artiicially

Still

than 24% alcohol by

alcohol by volume

volume

sparkling

carbonated

(includes wine coolers)

volume

 

 

 

sparkling

 

(whole liters only)

(whole liters only)

(whole liters only)

(whole gallons only)

(whole gallons only)

(whole gallons only)

1

2

3

4

5

6

Distillers, rectifiers, blenders, and fortifiers of wine or liquors — Use Form MT-41 for reporting above inventories and purchases

Computation of tax — New York State and New York City

7

Loss and waste (explain on separate sheet)

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8

Tax-paid purchases (from Schedule B) ...

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

Out-of-state sales (from Schedule C) ...

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10

Tax-free sales and use (from Schedule D) ....

10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11

Total deductions (add lines 7 through 10) ..

11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

Net quantity taxable (subtract line 11 from line 6) ...

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13

Tax rate

13

$

1.70

$

.67

$

.01

$

.30

$

.30

$

.30

14

Tax (multiply line 12 by line 13)

14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15Total New York State tax (add amounts

 

on line 14)

 

 

 

 

 

 

 

 

 

 

 

 

15

 

 

 

16

Adjustments from prior returns (New York State) (see instructions)

 

 

 

 

 

 

 

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17

Amount due (New York State) (enter here and on line 21, New York State column; see instructions)

 

 

17

 

 

 

18

New York City tax on liquors, alcohol, distilled or rectiied spirits, and wine

Liters ×

NYC tax rate

= NYC tax due

 

 

 

 

 

 

 

containing more than 24% alcohol by volume. Enter net liters taxable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

from Form MT-46 (Schedule E), line 7, if applicable

 

 

18

 

 

$

 

.264

 

 

 

 

 

 

 

 

 

×

 

 

 

 

 

 

19

Adjustments from prior returns (New York City) (see instructions)

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20

Amount due (New York City) (enter here and on line 21, New York City column; see instructions)

 

 

 

 

 

 

 

 

20

 

 

 

Payment of tax

 

 

New York State

 

 

 

New York City

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21

Balance due (enter New York State amount from line 17;

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

enter New York City amount from line 20)

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22

Penalties (see instructions)

22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23

Interest (see instructions)

23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24

Amount due (add lines 21, 22, and 23)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25

Payment — Make check or money order payable to Commissioner of Taxation and Finance.

 

 

 

 

Payment enclosed

 

 

Write on your check FORM MT-40, your identiication number, and the period you are reporting

25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certification. I certify that this return and any attachments are to the best of my knowledge and belief true, correct, and complete.

Date

Authorized signature

Oficial title

 

 

 

Date

Signature of individual or name of irm preparing this return

Preparer’s address

 

 

 

Attach an explanation for lines 7, 16, and 19, and copies of Forms MT-41, Beverage

For ofice use only

Inventories and Purchases, MT-42 (Schedule A), MT-43 (Schedule B), MT-44 (Schedule C, in

 

duplicate), MT-45 (Schedule D), and MT-46 (Schedule E), if applicable.

 

Direct wine shippers, farm wineries, special farm wineries, and micro-wineries: Attach a

 

copy of your current SLA license if iling an annual return.

 

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