Idaho Form 850 U PDF Details

Are you an Idaho resident in the process of filing your state income tax return? If so, then the Idaho Form 850 U is likely something that you need to pay attention to. This document serves a critical role in preparing and submitting your taxes and any errors or omissions can have serious consequences. In this blog post we will provide an overview of what makes up the form as well as tips on filling it out correctly to avoid costly mistakes.

QuestionAnswer
Form NameIdaho Form 850 U
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesidaho form 850 u, untaxed, form, idaho

Form Preview Example

OR850-U

Idaho Self-Assessed Use Tax

F

 

M EFO00143

Worksheet and Return

 

01-02-09

 

Use Form 850-U to report and pay the use tax you owe. If you owe less than $50 in use tax, you will generally use this form. However, you may also use this form if you’re an individual (non-business) and you make a one-time large dollar purchase of items such as jewelry, artwork, or an aircraft. You can report single or multiple transactions. If you pay by check, please attach your check to the return.

What is use tax? Use tax is a tax on goods that you put to use or store in Idaho. If you have not paid sales tax on these goods, you owe use tax (unless the items are held for resale or an Idaho exemption applies). If Idaho or another state’s sales tax is added to the purchase price, you do not owe use tax. The use tax rate is the same as the sales tax rate.

For example, if you buy merchandise through the Internet, over the telephone, or from mail-order catalogs, and sales tax is not added to the price, you are responsible for paying the use tax directly to the Idaho State Tax Commission. Also, if you travel outside the state and purchase untaxed merchandise that is brought or shipped to your Idaho home, you owe use tax.

Use the worksheet below to track your untaxed purchases. Keep this worksheet for your records.

Column 1. Enter the date you purchased the untaxed goods. Add the purchase date to the Tax Period ield on the 850-U. If you made multiple purchases, enter the dates of your irst and last purchases.

Column 2. Enter a description of the goods purchased.

Column 3. Enter the purchase price of the goods from Column 2. Total Column 3, and enter amount on Line 1 of 850-U.

Column 4. Multiply the purchase price in Column 3 by the use tax rate* at the time of purchase. Total Column 4, and enter amount on Line 2 of the 850-U.

Use Tax Worksheet

Column 1

Column 2

Column 3

Column 4

Purchase Date

Description of Goods

Purchase Price

Column 3 x rate*

 

 

Total Purchases Subject to Use Tax

»

 

 

 

* Rate if purchase date is:

 

 

 

 

 

 

 

 

 

Oct. 1, 2006 or after, the rate is 6% (.06).

 

 

Total Use Tax Due »

July 1, 2005 - Sept. 30, 2006, the rate is 5% (.05).

 

 

May 1, 2003 - June 30, 2005, the rate is 6% (.06).

 

 

 

 

April 30, 2003 or before, the rate is 5% (.05).

 

 

 

 

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OF 850-U

Idaho Self-Assessed Use Tax Return

 

 

 

 

R EFO00143 (01-02-09)

 

 

 

 

 

 

M

 

 

 

 

 

 

Name

Address

Social Security Number or Federal ID Number

 

Month

Year

Month

Year

Tax Period

__ __ / __ __ __ __

to __ __ / __ __ __ __

City

State

ZIP

1. Amount Subject To Use Tax

$

2. Use Tax Due (from worksheet)

$

My check is attached

 

 

 

(

)

Signature

 

Date

 

Phone number

Mail to: Idaho State Tax Commission, PO Box 36, Boise ID 83722-0410

How to Edit Idaho Form 850 U Online for Free

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Step 1: Firstly, open the pdf tool by pressing the "Get Form Button" above on this page.

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So as to finalize this form, make certain you provide the right details in every field:

1. The idaho usually requires particular details to be typed in. Be sure that the following fields are complete:

A way to fill out idaho form 850 fillable step 1

2. Once your current task is complete, take the next step – fill out all of these fields - Use Tax Due from worksheet, My check is attached, Signature, Date, Phone number, and Mail to Idaho State Tax Commission with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

My check is attached, Mail to Idaho State Tax Commission, and Date inside idaho form 850 fillable

People often get some things wrong when filling in My check is attached in this section. Ensure that you read twice whatever you type in right here.

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