Get Rut 75

The Rut 75 is an important form used for reporting aircraft use tax transactions in Illinois. This guide provides clear, step-by-step instructions for completing the form online, ensuring that users can effectively navigate the process.

Follow the steps to complete the Rut 75 form accurately.

1. Press the ‘Get Form’ button to access the Rut 75 form and open it in an online editor.
2. Begin by entering the purchaser's information, including the name, co-owner's name, address, daytime phone number, social security number, and federal employer identification number where applicable.
3. Next, provide details about the seller, donor, or transferor, including their name, address, and daytime phone number.
4. Complete the aircraft description section by filling in the year, make, model, serial number, 'N' number, aircraft hours, and the acquisition date of the aircraft.
5. If the transaction is exempt from tax, select the applicable checkbox and provide any necessary exemption numbers. If taxable, proceed to calculate your tax by reporting purchase prices or fair market values as instructed.
6. Calculate the tax due by multiplying the appropriate amount by 6.25% and report any prior tax credits. Deduct credits from the tax due to find the total amount owed.
7. Sign and date the form at the designated sections for both the purchaser and any co-owner. Ensure all attachments, including proof of payment and relevant documents, are included.
8. Finally, save changes to the form, download or print a copy for your records, and submit to the appropriate department.

Complete your Rut 75 form online today to ensure compliance with Illinois tax regulations.