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   RE: Original Material Cost Reporting to GC for AZ5005 when MRRA
 From: David James
 To: Valley of the Sun, Phoenix, AZ
 Posted: 04-15-2016 12:26
 Message:

Tori

I would direct you to Dave Miller's overview regarding use of this form.  The final legislation and DOR form modifications allow the GC to utilize the 5005 on MRRA as well as prime contracting jobs.  As Dave notes, it becomes a function of what level in the contracting "chain" will bear responsibility for the tax. 

As to Aaron's initial question, we have the subs break out materials;  have minimal push-back on this from our subs.  But I do hear that is not always the case!

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David James CCIFP, CPA
Chief Financial Officer
FNF Construction, Inc.
Tempe AZ
(480) 784-2910
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Original Message:
Sent: 04-14-2016 10:11
From: Tori Bonneau
Subject: Original Material Cost Reporting to GC for AZ5005 when MRRA

Aaron,

 

I am curious as to why you would provide a 5005 on an MRRA project? MRRA projects are taxable at the point of sale. If you are providing the 5005 it would be up to the GC to report the project income as you would on a MOD.

 

Fleming-Complete-logo

Tori Bonneau

Fleming Complete

133 E. Comstock Dr., Suite 1

Chandler, AZ 85225                                             

Office: 480.237.0765

Fax: 480.237.0766

 









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