Form TAX-F003 at a glance
What it is: TAX-F003 is the Nevada Department of Taxation's Modified Business Tax return for General Business.
Who signs: The return must be signed with the signature of the taxpayer or authorized agent.
Every employer who is subject to the Nevada Unemployment Compensation Law (NRS 612) must file, except non-profit 501(c) organizations, Indian tribes, and political sub-divisions.
Businesses that have ceased doing business (gone out of business) in Nevada must cancel with the Employment Security Division. Returns must be filed through the closure date.
A filled-in Form TAX-F003 example: a quarterly return with wages over the threshold
How to fill out Form TAX-F003, box by box
Return for Period Ending
Enter the Return for Period Ending, the date it is Due on or Before and the Date Paid.
Business or Individual's Name
Enter the Business or Individual's Name, the Mailing Address and the City, State, Zip.
Check this box
Check this box if this is an amended return for the specified filing period.
Line 1 Total Gross Wages
If you complete this form on E-Services, the calculations will be made for you. Line 1, Total Gross Wages: Enter the total amount of all gross wages and reported tips paid this calendar quarter. This amount must match the wages reported to the Employment Security Division.
Line 2 Employer Paid Health Care Costs
Line 2, Employer Paid Health Care Costs: Enter the amount of all health care costs paid by the employer in this calendar quarter.
Line 3 Net Wages and Line 4 Offsets
Line 3, Net Wages: Line 1 minus Line 2.
Line 4, Offsets: If applicable, enter the previous quarter's offset here. Offsets carried forward are created when allowable health care costs exceed gross wages in the previous quarter. This is not a credit against any tax due. This reduces the wage base upon which the tax is calculated.
Line 5 and Line 6 Taxable Wages
Line 5: Line 3 minus Line 4.
Line 6, Net Taxable Wages: If Line 5 is greater than zero (0), this is the Net Taxable Wages. This is the amount that will be used in the calculation of the tax.
If Line 5 is less than zero, then no tax is due. This amount will be entered on Line 18 as the offset carried forward for the next quarter.
Line 7 Threshold and Line 8 Taxable Wages
Line 7, Threshold: Enter the threshold of $50,000.00. Tax is calculated on wages over this threshold. (checked October 20, 2026)
Line 8, Taxable Wages: Line 6 minus Line 7 to calculate Taxable Wages; do not enter an amount if less than zero (0).
Line 9 Calculated Tax
Line 9, Calculated Tax: Line 8 multiplied by the rate shown on Line 9 (.0117) equals the tax due. Rate varies by period end date according to Tax Laws.
Line 10 Commerce Tax Credit and Line 11 Other Credits
Line 10, Commerce Tax Credit: Enter 50% of the Commerce Tax paid in the prior tax year up to the amount of Modified Business Tax (MBT) owed. Do not enter an amount less than zero.
Line 11, Other Credits: Enter amount of overpayment of MBT made in prior reporting periods for which you have received a Department of Taxation (Department) credit notice. Do not take the credit if you have applied for a refund.
Please attach credit notice and/or the College Savings Plan Contribution Form to this return.
Line 12 Net Tax Due
Line 12, Net Tax Due: Line 9 minus Line 10 minus Line 11.
Line 13 Penalty and Line 14 Interest
If payment of the tax is late, penalty and interest are applicable.
Line 13, Penalty: If this return will not be submitted/postmarked and the taxes paid on or before the due date as shown on the face of this return, the amount of penalty due is based on the number of days late payment is made per NAC 360.395. The maximum penalty amount is 10%.
Number of Days Late 1 - 10: Penalty Percentage 2%, Multiply By 0.02. 11 - 15: 4%, 0.04. 16 - 20: 6%, 0.06. 21- 30: 8%, 0.08. 31 +: 10%, 0.10.
Line 14, Interest: If this return is not submitted/postmarked and the taxes are not paid on or before the due date shown on the face of this return, multiply Line 12 by .75% (.0075) for each month late or fraction of a month late per NRS 360.417.
Line 15 Previous Debits
Line 15, Previous Debits: Enter only those liabilities that have been established for prior quarters by the Department and for which you have received a liability notice.
Line 16 Total Amount Due and Line 17 Amount Paid
Line 16, Total Amount Due: Enter the total of Lines 12 through Line 15.
Line 17, Amount Paid: Enter the amount remitted with return.
Line 18 Carry Forward
Line 18, Carry Forward: If Line 5 is less than zero (0), enter figure here.
Signature of Taxpayer or Authorized Agent
The signature certifies that this return including any accompanying schedule and statements has been examined by me and to the best of my knowledge and belief is a true, correct and complete return.
The return must be signed with the signature of the taxpayer or authorized agent.
Common questions about Form TAX-F003
Is there a deadline?
Line 12, Net Tax Due, is due and payable by the due date, the last day of the month following the applicable quarter.
Where do I file it?
Mail the return to Nevada Department of Taxation, P.O. Box 848972 Los Angeles, CA 90084-8972. This return can be filed on My Nevada Tax at https://MyNVTax.nv.gov and all calculations will be performed for you. Make checks payable to: Nevada Department of Taxation.
When is this form not the right one?
This return is for general businesses only. Financial Institutions and Mining Businesses need to use the form developed specifically for them.
Sources
[1] TAX-F003 V2026.1, Modified Business Tax - General Business, Nevada Department of Taxation (the Official source link on this page).
