Rut-25-X Amended Use Tax Transaction Return Instructions Page 2
ADVERTISEMENT
1
2Detailed instructions for certain lines in Part 3
in subsequent years. Otherwise, the vehicle no longer qualifies for the
CDF sales tax exemption and Illinois Vehicle Use Tax is due on the
Line 4
original purchase price. For more information, see Informational
Depreciation at a rate of 2 percent (.02) per month is allowed for
Bulletin FY 2005-02.
motor vehicles purchased outside of Illinois when
•
the motor vehicle is used by military personnel whose home of
Note: “Used for commercial purposes” means that persons or
record is in Illinois; or
property are transported as part of a commercial or industrial
•
you leased the motor vehicle in another state; or
enterprise, whether for-hire or not.
•
the motor vehicle is used by an out-of-state business relocating
If you checked 7 (you are a leasing company claiming credit for tax
into Illinois.
you previously paid to the state of Illinois on Form RUT-25 on a
To figure 2 percent depreciation, follow these steps.
vehicle that you purchased for leasing purposes, leased to an Illinois
1 Count the number of months between the purchase date and the
resident, and then sold to an Illinois resident), attach a copy of the
date the motor vehicle entered Illinois. Do not count partial
Form ST-556 you filed when you sold the vehicle to an Illinois
months.
resident. Write the tax return number of the ST-556 on the line
2 Multiply the number of months you are allowed by 2 percent (.02).
provided.
3 Multiply this amount by Line 3 to figure your motor vehicle’s
Check 8 only if 1 through 7 do not apply. Please explain the reason
depreciation. Write the amount of depreciation on Line 4.
you are correcting your original return on the lines provided. Attach
If you make a correction to Line 4, you must attach proof of the
additional sheets if necessary.
purchase price.
Part 3: Correct your financial information
Line 7a
You may claim the amount of sales or use tax you previously paid to
Complete Part 3 to make corrections to the financial figures on your
another state or retailer on this item. Write the name of the state or
return.
retailer on the line provided. We will allow credit only if the tax
When writing your figures, please use whole dollar amounts by
previously paid was properly due and separately stated on the proof
dropping amounts less than 50 cents and increasing amounts of 50
of tax payment. If you make a correction to Line 7a, you must attach
cents or more to the next higher dollar. For Line 6, write the appropri-
proof of the amount of tax you previously paid to another state.
ate tax rate for your area on the lines provided.
Line 7b
If you calculated penalty and interest on the original Form RUT-25
If you are a leasing company, you may claim credit for tax you
that you filed or if you were assessed penalty and interest on the
previously paid to the state of Illinois on Form RUT-25 on a vehicle
original Form RUT-25 that you filed, we will take those figures into
that you purchased for leasing purposes, leased to an Illinois
account when we compute your amended return.
resident, and then sold to an Illinois resident. If you make a correction
to Line 7b, attach a copy of the Form ST-556 you filed when you sold
Note: Do not include penalty and interest in the figures you write on
the vehicle to an Illinois resident and write the tax return number of
any of the lines in Part 4.
the ST-556 on the line provided.
Column A
Line 9
Lines 1 through 8
Write the total amount you have paid. This figure includes the amount
Write the figures from your most recent return. These figures may be
you paid with your original Form RUT-25, any subsequent amended
from your original Form RUT-25 or from any corrections you have
returns, and any assessment payments you have made. Be sure to
made since you filed your original Form RUT-25.
reduce the total amount paid by any credit or refund of tax you have
Column B
received for this transaction.
Lines 1 through 8
Line 10
Write the corrected figures. If there is no change from Column A, write
If Line 9 is greater than Line 8, Column B, write the difference on
the figures from Column A. If you have an amount written in Column A
Line 10. This is the amount you have overpaid.
that you are reducing to zero, write “0” in Column B. Leaving the line
Line 11
in Column B blank may delay the processing of your return.
If Line 9 is less than Line 8, Column B, write the difference on
Lines 9 through 11
Line 11. This is the amount you have underpaid. Please pay this
Follow the instructions on the form.
amount when you file this return. We will bill you for any additional
tax, penalty, and interest that we calculate is due.
Penalties and interest information
Please write the amount you are paying on the line provided in the
If, on this amended return, you are increasing the amount of tax due,
“Read this information first” section on the front of the return.
we will bill you for any additional penalty and interest that we calcu-
late is due.
Part 4: Sign below
If, on this amended return, you are reducing the amount of tax due,
We cannot process this form until it is signed by the owner, officer, or
we will recalculate any penalty and interest that is due and include
other person authorized to sign the original return.
the recomputed amounts in determining the amount you have
overpaid.
You owe a late filing penalty if you do not file a processable return
by the due date, a late payment penalty if you do not pay the
amount you owe by the original due date of the return, a bad check
penalty if your remittance is not honored by your financial institution,
and a cost of collection fee if you do not pay the amount you owe
within 30 days of the date printed on an assessment. For more
information, see Publication 103, Uniform Penalties and Interest. To
receive a copy of this publication, contact us at the address or
telephone numbers under “How do I get forms?” on the front of these
instructions.
RUT-25-X (R-12/04)
Page 4 of 4
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial