Get Il St-1 2024-2026

The IL ST-1 is a crucial form used for reporting sales and use tax in Illinois. This guide provides clear step-by-step instructions to assist users in completing the form accurately online, ensuring compliance with state regulations.

Follow the steps to successfully complete your IL ST-1 form.

1. Press the 'Get Form' button to acquire the IL ST-1 form and open it in your preferred online editor.
2. Enter your account ID and the reporting period in the designated fields at the top of the form.
3. Round all figures to whole dollars as specified in the instructions, starting with Step 1 concerning alcoholic liquor purchases. If you do not report purchases, proceed to Step 2.
4. In Step 1, fill in the total dollar amount of alcoholic liquor purchased and complete the calculations for total receipts, deductions, and taxable receipts.
5. Continue to Step 3 to calculate the tax on receipts for general merchandise, and food, drugs, and medical appliances. Make sure to input the correct rates.
6. In Step 4, evaluate the retailer's discount if applicable and deduce this amount from your total tax due.
7. In Step 5, record the tax on purchases and total any payments or credits associated with these taxes.
8. Proceed to Step 6 where you will calculate the net tax due by combining your totals from previous steps.
9. Complete Step 7 by calculating the E911 Surcharge and ITAC Assessment, as well as applying any discounts that may reduce your total.
10. Finish the form by signing at the bottom in Step 8, ensuring that all required signatures are included, and that your contact information is correct.
11. Once all sections of the form are completed, save your changes, and consider downloading, printing, or sharing the form as needed.

Complete your IL ST-1 form online today to ensure timely tax compliance.