Instructions for Form TPT-1, ADOR10872 Transaction Privilege, Use, and Severance Tax Return - Arizona

This document contains official instructions for Form TPT-1 , and Form ADOR10872 . Both forms are released and collected by the Arizona Department of Revenue.

FAQ

Q: What is Form TPT-1?
A: Form TPT-1 is the Transaction Privilege, Use, and Severance Tax Return.

Q: Who should file Form TPT-1?
A: Individuals or businesses engaged in taxable activities in Arizona must file Form TPT-1.

Q: What is Transaction Privilege Tax?
A: Transaction Privilege Tax is a tax imposed on the privilege of conducting business in Arizona.

Q: What is Use Tax?
A: Use Tax is a tax imposed on the use, consumption, or storage of tangible personal property in Arizona.

Q: What is Severance Tax?
A: Severance Tax is a tax imposed on the extraction of natural resources in Arizona.

Q: How often should Form TPT-1 be filed?
A: Form TPT-1 should be filed either monthly, quarterly, or annually, depending on the taxpayer's total tax liability.

Q: Is there a due date for filing Form TPT-1?
A: Yes, the due date for filing Form TPT-1 depends on the filing frequency and is usually on the 20th day of the month following the reporting period.

Q: Is there any penalty for late filing of Form TPT-1?
A: Yes, there is a penalty for late filing, and it is based on the tax liability.