Form 53-C - Consumer s Use Tax Return and Instructions

What is Form 53-C

Form 53-C is also known as the Consumer Use Tax Return form. The term "use tax" might not be as familiar as sales tax, but it's equally important. Use tax is typically owed on purchases made outside the state for use within the state, especially when the seller hasn't charged sales tax. This is common with online or out-of-state purchases. The state of Missouri uses Form 53-C as a way for consumers to report and pay the owed use tax.

Why is Form 53-C Important

The Missouri Consumer Use Tax Return serves as a means to ensure tax compliance. When a seller doesn’t collect sales tax on a taxable purchase, it doesn't mean tax isn't owed. Instead, the onus shifts to the buyer to pay the tax directly to the state. By submitting Form 53-C, consumers ensure they abide by their state’s tax laws, avoiding potential penalties and interest.

How To Fill Out the Consumer Use Tax Return Form

Step 1: List your personal or business details, including your name, address, and Social Security or Employer Identification Number.
Step 2: Mention the month and year for which you are filing. List the total amount of purchases subject to use tax. This should exclude any purchase already taxed by Missouri or any other state.
Step 3: Multiply your total purchase amount by Missouri's use tax rate to determine the tax owed. The current rate may change, so always check with the Missouri Department of Revenue for the latest figure.
Step 4: Indicate your chosen payment method. This could be by check, money order, or electronic means. If you're filing late, calculate and include any penalties and interest owed due to the delay.
Step 5: Review the information provided, ensuring accuracy. Sign and date the form, confirming the authenticity of the information given.
Step 6: Ensure you send your completed Consumer Use Tax Return Form to the designated address provided by the Missouri Department of Revenue. Don’t forget to include your payment (if not made electronically) with the form.