Instructions for Form GAS-1259 Motor Fuel Backup Tax Return - North Carolina

Form GAS-1259 Motor Fuel Backup Tax Return - North Carolina

This document contains official instructions for Form GAS-1259 , Motor Fuel Backup Tax Return - a form released and collected by the North Carolina Department of Revenue. An up-to-date fillable Form GAS-1259 is available for download through this link.

FAQ

Q: What is Form GAS-1259?A: Form GAS-1259 is the Motor Fuel Backup Tax Return in North Carolina.

Q: Who should use Form GAS-1259?A: This form should be used by wholesalers and retailers of motor fuel in North Carolina who are required to pay backup taxes.

Q: What is the purpose of the Motor Fuel Backup Tax?A: The Motor Fuel Backup Tax is designed to ensure that the state receives the full amount of motor fuel tax revenue in case a wholesaler or retailer fails to remit the appropriate tax.

Q: When is the due date for filing Form GAS-1259?A: Form GAS-1259 must be filed by the 20th day of the month following the reporting period.

Q: What information is required on Form GAS-1259?A: You will need to provide details about your motor fuel sales and calculate the amount of backup tax owed.

Q: What penalties can I face for late or incorrect filing?A: Late or incorrect filing may result in penalties and interest charges, as determined by the North Carolina Department of Revenue.

Q: Are there any exemptions or deductions for the Motor Fuel Backup Tax?A: There are no exemptions or deductions available for the Motor Fuel Backup Tax.

Q: Is there any additional documentation required with Form GAS-1259?A: You may be required to attach supporting documents, such as invoices and sales records, to substantiate the information on your return.