Form RUT-25-LSE-X (964) "Amended Use Tax Return for Lease Transactions" - Illinois

What Is Form RUT-25-LSE-X (964)?

This is a legal form that was released by the Illinois Department of Revenue - a government authority operating within Illinois. Check the official instructions before completing and submitting the form.

Form Details:

  • Released on January 1, 2015;
  • The latest edition provided by the Illinois Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form RUT-25-LSE-X (964) by clicking the link below or browse more documents and templates provided by the Illinois Department of Revenue.

ADVERTISEMENT
ADVERTISEMENT

Download Form RUT-25-LSE-X (964) "Amended Use Tax Return for Lease Transactions" - Illinois

Download PDF

Fill PDF online

Rate (4.7 / 5) 21 votes
Page background image
Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes.
Illinois Department of Revenue
RUT-25-LSE-X
Amended Use Tax Return
for Lease Transactions
Rev 01 Form 964
Station 404
E S ____/____/____
(For use with vehicles, watercraft, aircraft, trailers, and mobile homes)
EC RC CA DP NS
Read this information first
Do not write above this line.
Amount you are paying: $ ______________________
Everyone must complete Steps 1, 2, 3, 4, and 6.
You must also complete Step 5 if you are changing financial
Make your check payable to “Illinois Department of Revenue.”
information.
Step 1: Identify the return you are amending and yourself
1
Original return number MV
2
Indicate who is filing this Form RUT-25-LSE-X:
a ____ I am the leasing company.
b ____ I am the lessee who brought a leased item into Illinois to be
titled and registered.
Step 2: Identify the leasing company
1
-
4
FEIN
Mailing address _______________________________________
2
Name _______________________________________________
____________________________________________________
3
5
Street address ________________________________________
Phone number (_____) _____ - _______________
City _________________________________________________
State, ZIP _____________________________________________
Step 3: Identify the lessee
1
4
Name _______________________________________________
Is address outside the city limits?
Yes
No
2
5
Street address ________________________________________
Lessee’s city, village, or town, if different from Line 2:
City _________________________________________________
____________________________________________________
6
State, ZIP _____________________________________________
County (required): _____________________________________
3
7
Phone number (_____) _____ - _______________
Township (see instr.): ___________________________________
Step 4: Indicate the reason why you are filing an amended return
(See instructions.)
1
6
____ I put an incorrect purchase date on my original return.
I should have marked one of the exemptions because I qualify for
The purchase date should have been __ __/__ __/__ __ __ __.
the following reason (check one):
Month Day
Year
a
____ Lease to tax-exempt governmental body - Provide
2
____ I put an incorrect date brought into Illinois on my original
exemption no.: E _________________________
b
return. The date brought into Illinois should have been
____ Lease for use as farm implement or lease of ready-mix
__ __/__ __/__ __ __ __.
concrete truck
Month
Day
Year
c
____ Lease to interstate carrier for use as rolling stock -
3
____ I made a computational error (e.g., a math error or an
Provide certificate of authority no.:
incorrect rate of depreciation was used).
___________________________________________________
4
7
____ I have returned the vehicle and the deal was canceled.
I indicated an incorrect basis for calculating the tax due. I am
Attach proof.
calculating tax due based on (check one):
5
____ The leased item description (i.e., year, make, model, or
a ____ the amount due at signing, plus the total amount of lease
identification no.) is incorrect. The correct information is:
payments, or
Year: __________________________________________
b ____ the actual purchase price.
Make: _________________________________________
Attach a copy of the lease contract.
8
Model: ________________________________________
____ Other (Please explain.) ____________________________
ID no. (VIN, HIN, N): _______________________________
_______________________________________________
_______________________________________________
*596411110*
Turn page to complete Steps 5 and 6.
This form is authorized as outlined under the tax or fee Act imposing the tax or fee for which this form is filed. Disclosure of this
information is required. Failure to provide information may result in this form not being processed and may result in a penalty.
RUT-25-LSE-X (N-01/15)
Page 1 of 2
Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes.
Illinois Department of Revenue
RUT-25-LSE-X
Amended Use Tax Return
for Lease Transactions
Rev 01 Form 964
Station 404
E S ____/____/____
(For use with vehicles, watercraft, aircraft, trailers, and mobile homes)
EC RC CA DP NS
Read this information first
Do not write above this line.
Amount you are paying: $ ______________________
Everyone must complete Steps 1, 2, 3, 4, and 6.
You must also complete Step 5 if you are changing financial
Make your check payable to “Illinois Department of Revenue.”
information.
Step 1: Identify the return you are amending and yourself
1
Original return number MV
2
Indicate who is filing this Form RUT-25-LSE-X:
a ____ I am the leasing company.
b ____ I am the lessee who brought a leased item into Illinois to be
titled and registered.
Step 2: Identify the leasing company
1
-
4
FEIN
Mailing address _______________________________________
2
Name _______________________________________________
____________________________________________________
3
5
Street address ________________________________________
Phone number (_____) _____ - _______________
City _________________________________________________
State, ZIP _____________________________________________
Step 3: Identify the lessee
1
4
Name _______________________________________________
Is address outside the city limits?
Yes
No
2
5
Street address ________________________________________
Lessee’s city, village, or town, if different from Line 2:
City _________________________________________________
____________________________________________________
6
State, ZIP _____________________________________________
County (required): _____________________________________
3
7
Phone number (_____) _____ - _______________
Township (see instr.): ___________________________________
Step 4: Indicate the reason why you are filing an amended return
(See instructions.)
1
6
____ I put an incorrect purchase date on my original return.
I should have marked one of the exemptions because I qualify for
The purchase date should have been __ __/__ __/__ __ __ __.
the following reason (check one):
Month Day
Year
a
____ Lease to tax-exempt governmental body - Provide
2
____ I put an incorrect date brought into Illinois on my original
exemption no.: E _________________________
b
return. The date brought into Illinois should have been
____ Lease for use as farm implement or lease of ready-mix
__ __/__ __/__ __ __ __.
concrete truck
Month
Day
Year
c
____ Lease to interstate carrier for use as rolling stock -
3
____ I made a computational error (e.g., a math error or an
Provide certificate of authority no.:
incorrect rate of depreciation was used).
___________________________________________________
4
7
____ I have returned the vehicle and the deal was canceled.
I indicated an incorrect basis for calculating the tax due. I am
Attach proof.
calculating tax due based on (check one):
5
____ The leased item description (i.e., year, make, model, or
a ____ the amount due at signing, plus the total amount of lease
identification no.) is incorrect. The correct information is:
payments, or
Year: __________________________________________
b ____ the actual purchase price.
Make: _________________________________________
Attach a copy of the lease contract.
8
Model: ________________________________________
____ Other (Please explain.) ____________________________
ID no. (VIN, HIN, N): _______________________________
_______________________________________________
_______________________________________________
*596411110*
Turn page to complete Steps 5 and 6.
This form is authorized as outlined under the tax or fee Act imposing the tax or fee for which this form is filed. Disclosure of this
information is required. Failure to provide information may result in this form not being processed and may result in a penalty.
RUT-25-LSE-X (N-01/15)
Page 1 of 2
Step 5: Correct your financial information
Complete Step 5 only if you are changing financial information. Otherwise, go to Step 6 and sign your return.
If you are changing financial information, remember the following:
• round to the nearest whole dollar;
• attach a copy of the lease contract to this return; and
• use 6.25 percent as your tax rate for Line 6 unless the address listed in Step 3 is one of the following locations:
Cook County
7.25 percent (7.50 percent in Bensenville, Elmhurst, Hinsdale, Oak Brook, Roselle, and Woodridge)
DuPage County
7.25 percent (7.0 percent outside of DuPage Water Commission territory and in West Chicago)
Will County
7.0 percent (7.25 percent in Naperville or Woodridge)
Kane, Lake, and McHenry Counties
7.0 percent
Madison and St. Clair Counties
6.5 percent (6.25 percent outside the Metro East Transit District)
Column A
Column B
Most recent figures filed
Figures as they should
have been filed
1
1 ____________ 1 ____________
Purchase price (If eligible, this is the amount due at signing, plus total lease
payments. Otherwise, enter the actual purchase price.)
2
2 ____________ 2 ____________
Total trade-in credit or value (Note: Trade-in credit is not allowed if you are eligible
to use on Line 1 the amount due at signing, plus total lease payments).
3
3 ____________ 3 ____________
Net taxable amount prior to depreciation - Subtract Line 2 from Line 1.
4
4 ____________ 4 ____________
Depreciation for out-of-state use (See instructions.)
5
5 ____________ 5 ____________
Taxable amount - Subtract Line 4 from Line 3.
6
6 ____________ 6 ____________
Tax amount - Multiply Line 5 by the tax rate ________. (See the rates listed above.)
7
Credit for tax previously paid to another state or to a retailer (See instructions.)
7 ____________ 7 ____________
Enter the state or the name of the retailer ____________________.
8
8 ____________ 8 ____________
Tax due - Subtract Line 7 from Line 6.
9
9 ____________
Total amount paid
Compare Line 8, Column B, and Line 9.
• If Line 9 is greater than Line 8, Column B, enter the difference on Line 10.
• If Line 9 is less than Line 8, Column B, enter the difference on Line 11.
10
10 ____________
Overpayment — This is the amount you have overpaid. Go to Step 6 and sign your return.
11
Underpayment — This is the amount you have underpaid. Pay this amount.
11 ____________
Go to Step 6 and sign your return.
Make your check payable to “Illinois Department of Revenue.”
Step 6: Sign here
Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete.
________________________________________________________________________________________________________________________________________________________________________
Your signature
Phone
Date
Mail to: ILLINOIS DEPARTMENT OF REVENUE
Enter the amount you are paying on the line
PO BOX 19034
provided in the “Read this information first”
SPRINGFIELD IL 62794-9034
section on the front of this return.
Reset
Print
*596412110*
RUT-25-LSE-X (N-01/15)
Page 2 of 2
Page of 2