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Form 01-118 Texas Sales and Use Tax Prepayment Report - Texas
What Is Form 01-118?
This is a legal form that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 01-118?A: Form 01-118 is the Texas Sales and Use Tax Prepayment Report.
Q: Who needs to file Form 01-118?A: Businesses in Texas who are required to collect sales and use tax must file Form 01-118.
Q: What is the purpose of Form 01-118?A: Form 01-118 is used to report and prepay sales and use tax for a specific reporting period.
Q: When is Form 01-118 due?A: Form 01-118 is due on or before the 20th day of the month following the reporting period.
Q: Are there any penalties for late filing of Form 01-118?A: Yes, there may be penalties for late filing or failure to prepay the required sales and use tax.
Q: What information is required to complete Form 01-118?A: Businesses will need to provide their sales and use tax permit number, reporting period, and total amount of taxable sales.
Q: Can I amend Form 01-118 if I make a mistake?A: Yes, businesses can amend Form 01-118 if they discover an error or omission in their original report.
Q: Is Form 01-118 only applicable to businesses in Texas?A: Yes, Form 01-118 is specific to businesses operating in the state of Texas.
Form Details:
- Released on May 1, 2019;
- The latest edition provided by the Texas Comptroller of Public Accounts;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 01-118 by clicking the link below or browse more documents and templates provided by the Texas Comptroller of Public Accounts.
Download Form 01-118 Texas Sales and Use Tax Prepayment Report - Texas
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