Get Il Food And Beverage Tax Return - City Of Alton 2023-2026

Filling out the IL Food And Beverage Tax Return for the City of Alton is a straightforward process that ensures compliance with local tax regulations. By following the steps outlined in this guide, users can efficiently complete the form online, ensuring accurate and timely submissions.

Follow the steps to complete your tax return online.

1. Press the ‘Get Form’ button to access the tax return form and open it in your preferred online application.
2. Begin by entering your business's 'Doing Business As (DBA) Name' and 'Location Address'. This information helps to identify your establishment.
3. Indicate the 'Filing Period' for which you are submitting the return. Ensure that this matches the period covered by the ST-1 or ST-2 forms submitted to the Illinois Department of Revenue.
4. In the 'Computation of Food & Beverage Tax Liability' section, start with your 'Adjusted Taxable Receipts', which corresponds to Line 3 of your ST-1 form.
5. Calculate the ½% Food and Beverage Tax by multiplying the amount from Line 1 by 0.005 and entering the result in the designated field.
6. If applicable, calculate any penalties by multiplying the amount from Line 2 by 0.05. If a Determination of Liability has been issued, use 0.25 instead.
7. Next, compute interest by taking the amount from Line 2 and multiplying it by 0.0125, considering the number of months delinquent as indicated.
8. Add together Lines 2, 3, 4, and 5 to arrive at your total tax liability, which you will record on the next line.
9. If there were any credits or overpayments from previous periods, list them on Line 7.
10. Finally, calculate the 'Total Tax to be remitted' by subtracting Line 7 from Line 6, and record this amount.
11. Sign and date the form, confirming that all information provided is accurate to the best of your knowledge.
12. After completing the form, you can save, download, or print a copy for your records. Ensure to email the return to foodandbeverage@cityofaltonil.gov if payment is made online.

Ensure your tax documents are completed accurately and submit them online today.