Instructions for Form ET-1 Arkansas Excise Tax Return - Arkansas

This document contains official instructions for Form ET-1 , Arkansas Excise Tax Return - a form released and collected by the Arkansas Department of Finance & Administration.

FAQ

Q: What is Form ET-1?
A: Form ET-1 is the Arkansas Excise Tax Return.

Q: Who needs to file Form ET-1?
A: Any individual or business engaged in activities subject to excise tax in Arkansas needs to file Form ET-1.

Q: What is excise tax in Arkansas?
A: Excise tax in Arkansas is a tax imposed on certain goods and activities, such as tobacco, alcohol, fuel, and gaming.

Q: How often do I need to file Form ET-1?
A: Form ET-1 must be filed on a monthly basis.

Q: What information is required on Form ET-1?
A: Form ET-1 requires information about the taxpayer, the type and amount of excise tax owed, and any credits or exemptions claimed.

Q: What is the deadline for filing Form ET-1?
A: Form ET-1 must be filed and the tax paid by the 20th day of the month following the reporting month.

Q: Are there any penalties for late filing?
A: Yes, there are penalties for late filing, ranging from 5% to 25% of the tax due, depending on the number of days late.

Q: Are there any payment options available?
A: Yes, you can pay the excise tax electronically through the Arkansas Taxpayer Access Point, by mail, or in-person at the Department of Finance and Administration.