Schedule Rt-2-M Instructions - State Of Illinois printable pdf download

Schedule Rt-2-M Instructions - State Of Illinois

Schedule RT-2-M Instructions

Step 2: Identify by name and code where you

provide service and figure your tax due

Net gross charges must be reported separately for each mu-

nicipality in which you provide telecommunication service that

has imposed a municipal tax.

You may report for each county if you provide telecommunica-

tion service to customers that you know are not located within

a municipality. Refer to the RT-8, Telecommunication Tax Rate

Reference Manual, to determine the correct name, code and

tax rate or call us at 217 782-6045.

Note: You must complete Form REG-1-T, Telecommunica-

tions Tax Location Information, to identify where you provide

telecommunication service.

Line 15a - Net gross charges subject to the current combined

(ie., state and municipal) tax rate.

Line 15b - Multiply Line 15a by the current combined tax

rate. Refer to the RT-8 booklet.

Line 16a - Amount of net gross charges subject to tax rates

other than the current combined tax rate.

Line 16b - Total amount of tax due that is not subject to the

combined tax rate. From Line 16a, determine the net gross

charges subject to tax and multiply it by the appropriate tax

rate.

If you have multiple rates to report - From Line 16a, deter-

mine the net gross charges that are subject to tax at each of

the multiple rates. Multiply each amount by the appropriate tax

rate and add the sum of all tax and write the total on Line 16b.

Line 17 - Add Lines 15b and 16b. This is your total tax due

for the municipality or county listed.

Line 18 - To prevent multi-state taxation, you may take a credit

against the tax that is owed if you paid tax to another state.

You may not take a credit that is greater than the tax owed.

You must attach documentation showing that the amount of

tax claimed was owed and paid to the other state(s).

You may also take a credit against the tax that is owed if you

paid tax on services you purchased and resold from a tele-

communication retailer.

Attach Form RT-2-M to Form RT-2, Telecommunications Tax

Return.

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RT-2-M (R-04/10)

Schedule Rt-2-M Instructions - State Of Illinois