Under what conditions is the 3% Timely Filing Commission denied?
Operators may take the 3% commission only if they meet all of the following requirements: (1) Keep the prescribed records; (2) File the return timely; (3) Pay the tax due timely; (4) Have no outstanding prior balance due for tax, interest and/or penalties and, (5) Follow the appropriate method of filing (electronic filing is required for all operators having $25,000 or more in taxable revenue in the prior calendar year). Operators required to file electronically, who choose to file paper returns, shall not be allowed to deduct the 3% commission.
