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Instructions For Preparing The Fountain Soft Drink Tax Return - 7590 - Chicago Department Of Revenue Page 2

ACCOUNT NUMBER

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LINE 12.

12a.

Determine the amount of interest owed based on tax past due.

Enter number of days late (August 16 being one day late, etc.) ............................

12b.

Enter the amount from line 11

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12c.

LINE 13.

LINE 14.

LINE 15.

LINE 16.

Total amount of interest (12b* [12a / 365])* 12% ................................................

i ............. ~i ......... :i ~ ..~....~.!i ............ i; ............ i; ............. i; ............ i i . ;.~.~.,...i i i ~ .;.~...~.~.i i i i : :i : :!i i . ..:i i . ..:,.,..,.i l

EXAMPLE: If you determine that you owe $100,000 on the due date (August 15) and you file and pay the tax on August 26, ~en you

are 11 days late in making the payment. The calculation of the interested owed is as follows: [$100,000 * (11/365)] * 12% = $361.64.

Enter 5% of line 11 to compute penalty if tax is not paid when due. The tax is due on or before the 15th day of the second month

following the fiscal year in which taxable receipts are received.

Enter the total tax penalty and interest due (add lines 11, 12, and 13).

Overpayment. If line 11 is less ~han O, enter the amount of overpayment.

If you want the amount of the overpayment to be credited to next year's estimated tax, enter a check in the credit box.

Otherwise, check the refund box.

Note: Any amounts overpaid will first be applied to deficiencies outstanding for this tax andto deficiencies for any other

City of Chicago tax for which you are registered.

FOR ADDITIONAL INFORMATION, CALL 312/747/9723 (TTY 312/744-2975)

NOTE: YOU MUST COMPLETE ALL INFORMATION ON THIS PAGE FOR THIS RETURN TO BE CONSIDERED COMPLETE.

Page

7590022

Rev 005 0614

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Instructions For Preparing The Fountain Soft Drink Tax Return - 7590 - Chicago Department Of Revenue Page 2

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