Get Rmft-5-us - Illinois Department Of Revenue
How it works
-
Open form follow the instructions
-
Easily sign the form with your finger
-
Send filled & signed form or save
How to fill out the RMFT-5-US - Illinois Department of Revenue online
Filling out the RMFT-5-US form online is an essential step for licensed receivers to comply with state tax regulations regarding the underground storage tank tax and environmental impact fee. This guide will provide you with clear and concise instructions to assist you in completing the form accurately.
Follow the steps to fill out the RMFT-5-US form online.
- Click ‘Get Form’ button to access the RMFT-5-US form and open it in the online editor.
- Identify yourself by providing your name, reporting period, complete address, receiver license number, and telephone number in the designated fields.
- Figure out your total gallonage for the month by entering your actual inventory at the beginning of the month, the number of invoiced gallons received or produced during the month, and your actual inventory at the end of the month. Calculate your total gallonage to determine the values for each column.
- Calculate your nontaxable gallonage by entering the number of gallons sold exempt in Illinois and the gallons sold outside of Illinois. Provide the loss or gain due to temperature variation, ensuring that you add up the total for the nontaxable gallonage.
- Determine your gross taxable gallonage by subtracting the nontaxable gallonage from your total gallonage.
- Calculate your net taxable gallonage by detailing the gallons on which tax was paid and deriving the final net taxable amount.
- Complete the tax and fee calculation by multiplying your net taxable gallonage by the applicable tax rates, including any collection discounts for timely filing.
- If applicable, apply any UST/EIF credits towards the tax owed, aggregate these amounts, and determine the final amount due.
- Sign and date your return to certify its accuracy. Provide the necessary information if someone else prepared the form on your behalf.
- Finally, save changes, download, print, or share the completed form as needed.
Complete your RMFT-5-US form online today to ensure compliance with Illinois tax regulations.
The Illinois Department of Revenue is the government agency responsible for collecting taxes and administering tax laws in the state. They oversee various tax programs and ensure compliance among taxpayers. If you need assistance or further information about RMFT-5-US - Illinois Department Of Revenue, uslegalforms offers comprehensive resources to help.
Industry-leading security and compliance
-
In businnes since 199725+ years providing professional legal documents.
-
Accredited businessGuarantees that a business meets BBB accreditation standards in the US and Canada.
-
Secured by BraintreeValidated Level 1 PCI DSS compliant payment gateway that accepts most major credit and debit card brands from across the globe.