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Worksheetsbusiness taxes
Total questions: 48
Worksheet time: 24mins
Which of the following is a free method for filing sales tax in Louisiana?
LaTAP
Sales Tax On-Line
Sales Tax Manager
Paper (R-1029)
Which filing method is not supported by LDR?
LaTAP
Parish E-File
Sales Tax On-Line
Sales Tax Manager (IRS.gov)
Parish E-File is a ______ method for filing sales tax in Louisiana.
free
complicated
expensive
manual
You should use old forms for other tax periods and/or business entities when filing sales tax in Louisiana.
True
False
Where should you refer to for the correct version of the sales tax form (R-1029) in Louisiana?
www.irs.gov
www.revenue.louisiana.gov
www.sales.tax
www.louisiana.com
Anyone who is in the business of buying items for resale is not required to pay _______ when purchasing those items.
sales tax
income tax
property tax
excise tax
Who is responsible for paying sales tax when a store buys alcohol from a wholesaler and has a current resale certificate?
The wholesaler
The store
The end user/customer
The state
How can tax clearance requests be made?
By phone at 225-219-2272
By email at Tax.Clearance@la.gov
Both A and B
By mail
Clearances for permit renewals are issued automatically 60 days before the permit expiration date for dealers who do not owe taxes.
True
False
If the dealer becomes delinquent after the permit is issued or misses an installment payment, what will happen to the permit?
It will be renewed automatically
It will be revoked until the tax liability is paid
Nothing will happen
The dealer will receive a warning
New dealers must first register for a ________ before requesting the tax clearance to be mailed to their address.
Louisiana Department of Revenue account number
Louisiana Driver's License
Federal Passport Number
Social Security Card
A license will be granted even if the applicant owes delinquent sales taxes, penalties, or interest to the state or local governing authority.
True
False
New dealers must first register for a Louisiana Department of Revenue account number. Once registered, the dealer may request the tax clearance to be mailed to the dealer’s ________.
address
bank
lawyer
warehouse
How can tax clearance requests be made for new dealers?
By phone at 225-219-2272 or by email at Tax.Clearance@la.gov
By visiting the local DMV office in person
By submitting a request through the state tax portal only
By mailing a handwritten letter to the Department of Revenue
New dealers must first register for a Louisiana Department of Revenue account number before requesting tax clearance to be mailed to their address.
True
False
How can tax clearance requests be made according to the information provided?
By mail only
By phone or by email
In person only
By fax
What is the email address provided for tax clearance requests?
Tax.Clearance@la.gov
Tax.Requests@la.gov
Clearance.Tax@la.gov
TaxDept@la.gov
What is an event? An event is an occurrence, occasion, activity, or function at which ______ is sold or traded or taxable services are provided.
merchandise
tickets
food
information
Do fairs and festivals have their own sales tax return?
True
False
Who must apply for a Louisiana Revenue Account Number if they have taxable sales at a special event? All vendors, promoters, clients, and other exhibitors who have taxable sales at a special event must apply for a ______.
Louisiana Revenue Account Number
Louisiana Driver's License
Federal Tax ID Number
Business Insurance Policy
All taxpayers, whether they are Louisiana residents or not, must register with the Louisiana Department of Revenue for each state tax type that they will collect or for any state tax that they are required to pay.
True
False
According to the instructions for Fairs, Festivals, and Other Special Events, which form must you download to apply for a Louisiana Revenue Account Number?
Form R-16019/CR-1
Form R-16020
Form LDR-100
Form LA-200
For Fairs, Festivals, and Other Special Events, under which 'Tax Type' should you select on Form R-16019?
Income Tax
Property Tax
Sales Tax
Excise Tax
On line 18 of Form R-16019, what should you indicate in the 'Description of business' section for a special event?
Indicate that the business is for a special event.
Leave the section blank.
Write the name of the event organizer only.
Enter the date of the event only.
Once the application for a Louisiana Revenue Account Number is complete, you can e-mail it to special.events@la.gov or fax it to 225-923-4066.
True
False
The completed application for a Louisiana Revenue Account Number should be mailed at least how many weeks prior to the event?
1 week
2-3 weeks
4-5 weeks
6 weeks
What is required of every employer who has resident or nonresident employees performing services within Louisiana (except employees exempt from income tax withholding)?
They must pay employees in cash
They are required to withhold Louisiana income tax based on the employee’s withholding exemption certificate
They must provide free health insurance
They must file annual reports only
All withholding accounts are set up as a ________ filer.
quarterly
monthly
annual
bi-weekly
Payments of withholding taxes can be made on which of the following bases?
Quarterly
Monthly
Semi-monthly
All of the above
If the amount of withholding tax is less than $500 monthly, payments can be made on a ________ basis.
quarterly
weekly
daily
yearly
Semi-monthly payments and filing of the quarterly withholding returns have ________ filing/payment mandates.
electronic
manual
paper-based
in-person
Who must file the Employer’s Quarterly Return of Louisiana Withholding Tax (Form L-1)?
Every employer who withheld or was required to withhold income tax from wages.
Only employees who receive wages in Louisiana.
Only employers with more than 100 employees.
Only self-employed individuals in Louisiana.
A quarterly return must be filed even if no taxes are withheld during the quarter or if wages paid to employees were not sufficient to require withholding.
True
False
Payments for the last period of the quarter must be submitted with which form?
L-1V payment voucher
L-1 return
W-2 form
1099 form
According to the Filing Frequency section, how often must taxpayers file withholding returns?
Quarterly
Annually
Monthly
Biannually
When is the 1st Quarter withholding return due?
April 30th
March 31st
May 15th
June 30th
When is the 2nd Quarter withholding return due?
July 31st
August 15th
June 30th
September 1st
When is the 3rd Quarter withholding return due?
October 31st
September 30th
November 15th
December 1st
When is the 4th Quarter withholding return due?
January 31st
February 15th
December 31st
March 1st
The remittance of taxes withheld in March is due ________.
April 30
March 31
May 15
April 15
Which of the following is a method for closing withholding accounts?
Phone
Submitting form R-3406
In-person visit
List all the methods mentioned for closing withholding accounts.
Phone, Email, Written letter (mail), Submitting form R-3406
In-person visit only
Online chat support, Fax, Social media message
Mobile app submission, Verbal agreement, Text message
Who must file corporation income taxes according to the information provided?
Only corporations with net income from Louisiana sources
All corporations and entities taxed as corporations for federal income tax purposes deriving income from Louisiana sources, whether they have any net income or not
Only corporations with a ruling of exemption from the Internal Revenue Service
Only corporations based outside Louisiana
According to the information provided, returns and payments for corporation income taxes are due on or before the ____ day of the fifth month following the close of an accounting period.
15th
1st
10th
20th
A corporation must file a Louisiana corporation franchise tax return unless it is specifically _______ under the provisions of R.S. 47:608.
exempted
taxed
included
audited
According to the information provided, which of the following must file a Louisiana corporation franchise tax return?
Organized under the laws of Texas
Organized under the laws of Louisiana
Organized under the laws of California
Organized under the laws of New York
A corporation must file a Louisiana corporation franchise tax return if it is qualified to do business in this state or _______ business in this state.
doing
leaving
selling
avoiding
When must the annual return for Louisiana corporation franchise tax be filed?
On or before the 15th day of the fifth month of that accounting year.
On or before the 1st day of the first month of that accounting year.
On or before the 30th day of the third month of that accounting year.
On or before the last day of the twelfth month of that accounting year.
