Form R-5389 Terminal Operator - Annual Return Schedule N - Reconciliation Schedule of Accounted for Losses - Louisiana

What Is Form R-5389?

This is a legal form that was released by the Louisiana Department of Revenue - a government authority operating within Louisiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form R-5389?
A: Form R-5389 is the Annual Return Schedule N - Reconciliation Schedule of Accounted for Losses for Terminal Operators in Louisiana.

Q: What is Terminal Operator?
A: Terminal Operator is a company or person that operates a terminal facility for the storage and distribution of petroleum products.

Q: What is Schedule N?
A: Schedule N is the reconciliation schedule that terminal operators in Louisiana use to account for losses of petroleum products.

Q: Why is Schedule N important?
A: Schedule N is important because it helps terminal operators in Louisiana track and report any losses of petroleum products, ensuring accurate accounting and compliance.

Q: Who needs to file Form R-5389?
A: Terminal operators in Louisiana need to file Form R-5389 - Schedule N to report and reconcile any losses of petroleum products.

Q: What information is required on Schedule N?
A: Schedule N requires terminal operators to provide details on the quantity and value of petroleum product losses, as well as any adjustments or corrections.

Q: When is the deadline for filing Form R-5389?
A: The deadline for filing Form R-5389 - Schedule N varies each year, and terminal operators should refer to the instructions provided by the Louisiana Department of Revenue for the specific due date.

Q: Are there any penalties for late or incorrect filing?
A: Yes, there may be penalties for late or incorrect filing of Form R-5389 - Schedule N. Terminal operators should ensure compliance and accurate reporting to avoid penalties.