Ohio Mf 2 Form Modify Form Here

Ohio Mf 2 Form

The Ohio MF 2 form is a critical document that licensed dealers in Ohio must complete to report their monthly motor fuel tax obligations. This form captures essential details about fuel sales, including various fuel types and tax calculations, ensuring compliance with state regulations. Timely submission of the MF 2 is necessary to avoid penalties and maintain accurate tax records.

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Table of Contents

The Ohio MF 2 form serves as a crucial document for licensed dealers in the state, allowing them to report their monthly motor fuel tax obligations. This form is specifically designed to capture various types of fuel sold, including gasoline, dyed low sulfur diesel, kerosene, and clear diesel, as well as miscellaneous fuels. Each category requires dealers to report the total gallons sold, which is then used to calculate the gross taxable gallons. An essential aspect of the MF 2 is the inclusion of shrinkage allowances, which account for losses during the sale process, as well as retail shrinkage, which is applied to gallons sold to retail dealers. Understanding the applicable tax rates is vital, as these rates can vary based on the reporting period. Additionally, the form outlines the consequences of late filing, including charges and interest, emphasizing the importance of timely submission. The completed MF 2 must be filed with the Ohio Department of Taxation by the last day of each month following the reporting period, ensuring compliance with state regulations and maintaining good standing as a licensed dealer.

Form Sample

HIO

MF 2

Department ofRev. 7/09

Taxation

P.O. Box 530

Columbus, OH 43216-0530

Licensed Dealer’s Monthly Ohio Motor Fuel Tax Report

Dealer name

 

 

 

 

 

 

 

FEIN

 

 

 

 

Month/Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street

 

 

 

 

City

 

 

 

State

 

 

ZIP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check here to cancel account

 

 

Effective date

 

Check here if address is new

 

 

Transfer Totals From Fuel Schedule Recaps

 

 

 

 

(Use whole gallons only)

1. Gasoline (Schedule Recap MF 2A line 9)

1.

 

 

 

 

 

 

2. Dyed low sulfur diesel (Schedule Recap MF 2B line 13)

2.

 

 

 

 

 

 

3. Kerosene (Schedule Recap MF 2C line 16)

3.

 

 

 

 

 

 

4. Clear diesel (Schedule Recap MF 2D line 15)

4.

 

 

 

 

 

 

5. This line intentionally left blank

 

 

 

 

 

5.

 

 

 

 

 

 

6. Miscellaneous fuels (Schedule Recap MF 2F line 8)

6.

 

 

 

 

 

 

7. Gross taxable gallons (add lines 1 through 6)

7.

 

 

 

 

 

 

8. Shrinkage allowance/discount (multiplyline7byappropriatepercentage–seeline

 

 

 

 

 

 

instructionsfornewrateseffectiveJuly1,2009)

8.

 

 

 

 

 

 

 

 

 

 

 

 

9. Retail shrinkage (multiply gallons sold to retailers by retailer percentage – see line instructions

 

 

 

 

 

 

fornewrateseffectiveJuly1,2009)

 

 

 

 

 

9.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. Net taxable gallons (line 7 plus line 9 minus line 8)

10.

 

 

 

 

 

 

$

 

 

 

 

 

11. Gross tax (multiply line 10 by applicable tax rate – see instructions)

11.

 

 

 

 

 

12. This line intentionally left blank

 

 

 

 

 

12.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13. This line intentionally left blank

 

 

 

 

 

13.

 

 

 

 

 

 

14. Tax due (line 11)

 

 

 

 

 

14.

$

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

15. Late filing charge (see instructions)

................................................................................

 

 

 

 

15.

 

 

 

 

 

16. Interest (see instructions)

 

 

 

 

 

16.

$

 

 

 

 

 

17. Total amount due (add lines 14, 15 and 16)

17.

$

 

 

 

 

 

I declare under penalties of perjury that this report (including any accompanying schedules and statements) has been examined by me and to the best of my knowledge and belief is a true, correct and complete report.

Authorized signature

 

Telephone

 

 

 

 

E-mail address

 

 

Date

 

 

 

This report must be filed with the Ohio Department of Taxation, Motor Fuel Division, P.O. Box 530, Columbus, Ohio

43216-0530 and received by the last day of each month following the report period. Telephone inquiries: (614) 466-3503; Fax: (614) 752-8644.

 

 

MF 2

 

 

Rev. 7/09

 

 

Page 2

 

Return Instructions

Line 8

Shrinkage – If your tax report is filed and timely paid, multiply the taxable gallons on line 7 by the appropriate

 

shrinkage percentage. You are not entitled to the shrinkage allowance if your report is filed and/or paid after the

 

due date.

 

 

Reporting Period

Shrinkage Percentage

 

July 1, 1993 to June 30, 2005

3% (.03)

 

July 1, 2005 to June 30, 2006

2.5% (.025)

 

July 1, 2006 to June 30, 2007

1.95% (.0195)

 

July 1, 2007 to June 30, 2009

1.90% (.019) – shrinkage and collection/administration discount

 

Beginning July 1, 2009 to June 30, 2011

1.0% (.010)

Line 9

Retail shrinkage – You must add back a percentage of all gallons of fuel sold to a retail dealers as defined in

 

Ohio Revised Code Section 5735.01(O). Do not include gallons sold to retail dealers licensed under your FEIN.

 

Reporting Period

Shrinkage Percentage

 

July 1, 1993 to June 30, 2005

1% (.01)

 

July 1, 2005 to June 30, 2006

0.83% (.0083)

 

July 1, 2006 to June 30, 2007

0.65% (.0065)

 

July 1, 2007 to June 30, 2011

0.50% (.0050)

Line 11

Tax rate

 

 

Reporting Period

Tax Rate Per Gallon

 

July 1, 2003 to June 30, 2004

$0.24

 

July 1, 2004 to June 30, 2005

$0.26

 

Beginning July 1, 2005

$0.28

Lines 15/16 According to R.C. 5735.06(C), the tax report must be filed/received with the tax payment shown on the report, unless required to be submitted by EFT, by the due date. If the tax report and tax payment are not filed/received on or before the due date, you are liable for a “late filing charge” (line 15) and subject to interest (line 16) in addition to disallowance of any shrinkage claim. The late filing charge is the greater of 10% of your liability (line

14)or $50. The interest is to be calculated from the date the payment was due until the date the payment was actually received by the Ohio Treasurer of State or the Department of Taxation. The interest rate is determined on a calendar year basis and can change from year to year. Please visit our Web site at tax.ohio.gov for the current interest rate.

Form Information

Fact Name Details
Form Purpose The Ohio MF 2 form is used to report monthly motor fuel taxes by licensed dealers.
Filing Deadline Reports must be filed by the last day of each month following the reporting period.
Late Filing Charge If filed late, a charge applies, which is either 10% of the liability or $50, whichever is greater.
Interest on Late Payments Interest is charged from the due date until the payment is received. The rate may vary yearly.
Shrinkage Allowance Dealers may claim a shrinkage allowance if reports are filed and paid on time, based on taxable gallons.
Retail Shrinkage A percentage of gallons sold to retail dealers must be added back to the taxable gallons reported.
Tax Rate The tax rate has changed over the years, with the current rate being $0.28 per gallon since July 1, 2005.
Governing Law This form is governed by Ohio Revised Code Section 5735.06(C).
Contact Information For inquiries, call (614) 466-3503 or fax (614) 752-8644.
Authorized Signature The report must be signed by an authorized person, confirming its accuracy under penalties of perjury.
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