Arizona – Incorrect Date Printed on TPT1 Form

SALT Report 1395 – The Arizona Department of Revenue issued a warning regarding recently mailed TPT1 forms. In January the Department sent out monthly and quarterly TPT1 forms with an incorrect tax period end date of September 30, 2011 printed on them. These were mailed to all monthly and quarterly filers.

The Department has issued the following guidelines for taxpayers:

Monthly Filers are instructed to discard the mailed TPT-1 and download a blank TPT-1 from the Department’s website. Or, you can use the mailed TPT-1 you received, however you must make corrections to the tax period dates to reflect the correct January reporting period of 01/01/2012 to 01/31/2012. In Part 2 of TPT-1, verify you have entered the correct Business Description, Region Code, Business Class, Tax Rate, and applicable accounting credit if any.

Quarterly Filers are instructed to discard the quarterly TPT-1 and in March you will receive the correct TPT-1 for the Quarter ending March 31, 2012.

Additionally, if your city had a new tax rate effective between October 1, 2011 and January 1, 2012, be sure to verify you have correctly reported that information on your TPT-1. Current tax rate tables are available on the Department’s website as well.

For Further Information:

Arizona Department of Revenue – Release