Instructions For Preparing The Airport Departure Tax Return - 8500 Page 2
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2II
II
ACCOUNT NUMBER
Line 5.
Line 6.
Line 7.
Line 8.
Line 9.
Line 10.
lOa.
lOb.
10c.
Line 11.
Line 12.
Line 13.
Line 14.
Tax due before credit (add lines 1, 2, 3, and 4).
Enter the total amount of all the current year's tax payments you have remitted to the depar'onent.
Enter credit for overpayment of tax orly if you have received a letter of credit from the Chicago Department of Revenue.
Enter the letter of credit number and submit the odginal applicable credit letter or the crecit will be disallowed.
Total credit balance (add lines 6 and 7).
Total tax due (subtract line 8 from line 5). If line 9 is ~eater than 0, enter the amount owed. If line 9 is less than 0, skip to line 13.
Determine the amount of interest owed based on tax past due.
Enter number of days late(August 16 being one day late, etc.) ...................
i: ........... ~: i i ............ ~i ............. " ~ - i
Enter amount from line 9
.............................................................................
i
.......
i ...........
Total amount of interest (10b* [10a / 365]) * 12%
........... i: ...........
~i~....,.;:
........ " ......... ;: ............ :i ............ ~:.,...~.~,~:~:..~..,...~,i:i:~:~:i,:,~.::~.:,:...:.,.~i
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 9 to compute penalty if the tax is not paid when due. The ~x is due on or before the 1~h day of the second month
following the fiscal year in which taxable receipts are received.
Enter the total tax, interest, and penalty due (add lines 9, 10, and 11).
Overpayment. If line 9 is less than 0, enter the amount of overpayment.
If you want the amount of the overpayment to be credited to next year's estimated tax, check the credit box. Otherwise, check
the refund box.
NOTE: Any amounts overpaid will first be applied to deficiencies outstanding for this tax and to 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 1
8500022
B
Rev 005 0615
B
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