The Missouri Department of Revenue March 6 released sales and use tax return Form 53-1. The form includes step-by-step computation instructions for the total tax due to be reported on the tax return. Taxpayers must file the return for the reporting period, even if there is no tax to report. Taxpayers must provide a breakdown of taxes, by location and item. The filing is considered incomplete if a breakdown isn’t provided and taxpayers may be subject to penalties and interest. [Mo. Dep’t of Revenue, Sales Tax Return Form 53-1, 03/06/20]
Reference: View Source Document.
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