"Transaction Privelege, Use, and Severance Tax Return - (TPT-EZ)

One of our CPA contacts, for a client NOT located in Arizona, but in Northeastern US., received this form from the Arizona Department of Revenue. We don't administer the plan, but the CPA had never seen such a form, and asked if we knew anything about it. I certainly don't. The plan in question is a Union, and it is a defined benefit plan. Anyway, the form is for a "TPT License" - and says that penalties will apply if you haven't paid.

We told the CPA we knew nothing about it, but for my own information, do any of you out in the Southwest (or anywhere else, for that matter) know anything about this? Is this a "normal" thing that actually applies to a defined benefit or other qualified plan in Arizona, perhaps similar to the (often ignored) loan document fee in Florida?

4 minutes ago, Belgarath said:

One of our CPA contacts, for a client NOT located in Arizona, but in Northeastern US., received this form from the Arizona Department of Revenue. We don't administer the plan, but the CPA had never seen such a form, and asked if we knew anything about it. I certainly don't. The plan in question is a Union, and it is a defined benefit plan. Anyway, the form is for a "TPT License" - and says that penalties will apply if you haven't paid.

We told the CPA we knew nothing about it, but for my own information, do any of you out in the Southwest (or anywhere else, for that matter) know anything about this? Is this a "normal" thing that actually applies to a defined benefit or other qualified plan in Arizona, perhaps similar to the (often ignored) loan document fee in Florida?

Did anyone try simply Googling "TPT License"?  Amazing what comes up with just a little creativity!

https://azdor.gov/transaction-privilege-tax/do-i-need-tpt-license

https://azdor.gov/transaction-privilege-tax/tpt-license/applying-tpt-license

Do  you think your plan meets any of the descriptions on this list? I'm going to guess what you got is equivalent to a mass mailing where the AZ revenue people are just doing their due diligence to make sure all taxpayers know what they are supposed to do in Arizona.  Best as I can tell, retirement plans don't pay taxes!

Businesses that perform the following activities are subject to TPT and must be licensed.

• retail sales
• restaurants/bars
• hotel/motel (transient lodging)
• commercial lease
• amusements
• personal property rentals
• contracting
• severance (metal mining)
• transporting
• nonmetal mining
• job printing
• publishing
• utilities
• telecommunications
• private (rail) car

I blush to think that I didn't bother googling it. That's usually the first thing I would do. I plead temporary insanity - I was working at home, and the town grader sliced off our waterline, so I was trying to deal with that while juggling e-mails from work.  Anyway, thanks!

11 hours ago, Belgarath said:

I blush to think that I didn't bother googling it. That's usually the first thing I would do. I plead temporary insanity - I was working at home, and the town grader sliced off our waterline, so I was trying to deal with that while juggling e-mails from work.  Anyway, thanks!

No problem; we are all trying to deal with a significantly difficult situation.  Take care.