Form ST-557 (033) "Claim for Credit for Repossession of Motor Vehicles, Watercraft, Aircraft, Trailers, and Mobile Homes" - Illinois

What Is Form ST-557 (033)?

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 December 1, 2010;
  • 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 ST-557 (033) by clicking the link below or browse more documents and templates provided by the Illinois Department of Revenue.

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Download Form ST-557 (033) "Claim for Credit for Repossession of Motor Vehicles, Watercraft, Aircraft, Trailers, and Mobile Homes" - Illinois

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Use your 'Mouse' or the 'Tab' key to move through the fields.
Illinois Department of Revenue
ST-557
Claim for Credit for Repossession of Motor Vehicles,
Watercraft, Aircraft, Trailers, and Mobile Homes
REV
02
FORM 033
E S
_____/_____/_____
NS
DP
CA
RC
Do not write above this line
Step 1: Identify your business
(
)
--
1 Account ID no. __________________________________________________________
3
Phone ________________________________________________________________
Illinois account ID number
2 Business name _________________________________________________________
__
Step 2: Describe your fi nance contract information
Were all of your fi nance contracts sold “with recourse”? (i.e., Did you have to pay the lending institution when your customer defaulted on the loan?)
______
yes ______
no
If you answered “no,” please explain the terms of the contract on the lines below.
____________________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________
Step 3: Figure the amount of overpaid tax
(Round to the nearest whole dollar.)
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
Column 8
Column 9
Column 10
Taxable amount
Amount on which
ST-556 tax
Buyer’s name
Date of delivery
Date
Amount of
fi nanced (sale price
Total amount of
Unpaid balance
credit is claimed
Overpayment
return no.
repossessed
tax paid
minus trade-in, minus fi nance contract
of contract when
(divide Col. 6 by
(multiply Col.9
cash down payment)
repossessed
Col. 7; multiply
by the tax
result by Col.8.)
rate)
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
_________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
Please turn page over to continue Step 3 and complete Step 4
.
Total Page 1
__________
This form is authorized by the Illinois Retailers’ Occupation and related tax acts. Disclosure of this information is REQUIRED. Failure
ST-557 front (R-12/10)
to provide information could result in a penalty. This form has been approved by the Forms Management Center.
IL-492-2738
Use your 'Mouse' or the 'Tab' key to move through the fields.
Illinois Department of Revenue
ST-557
Claim for Credit for Repossession of Motor Vehicles,
Watercraft, Aircraft, Trailers, and Mobile Homes
REV
02
FORM 033
E S
_____/_____/_____
NS
DP
CA
RC
Do not write above this line
Step 1: Identify your business
(
)
--
1 Account ID no. __________________________________________________________
3
Phone ________________________________________________________________
Illinois account ID number
2 Business name _________________________________________________________
__
Step 2: Describe your fi nance contract information
Were all of your fi nance contracts sold “with recourse”? (i.e., Did you have to pay the lending institution when your customer defaulted on the loan?)
______
yes ______
no
If you answered “no,” please explain the terms of the contract on the lines below.
____________________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________
Step 3: Figure the amount of overpaid tax
(Round to the nearest whole dollar.)
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
Column 8
Column 9
Column 10
Taxable amount
Amount on which
ST-556 tax
Buyer’s name
Date of delivery
Date
Amount of
fi nanced (sale price
Total amount of
Unpaid balance
credit is claimed
Overpayment
return no.
repossessed
tax paid
minus trade-in, minus fi nance contract
of contract when
(divide Col. 6 by
(multiply Col.9
cash down payment)
repossessed
Col. 7; multiply
by the tax
result by Col.8.)
rate)
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
_________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
Please turn page over to continue Step 3 and complete Step 4
.
Total Page 1
__________
This form is authorized by the Illinois Retailers’ Occupation and related tax acts. Disclosure of this information is REQUIRED. Failure
ST-557 front (R-12/10)
to provide information could result in a penalty. This form has been approved by the Forms Management Center.
IL-492-2738
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
Column 8
Column 9
Column 10
Taxable amount
Amount on which
ST-556 tax
Buyer’s name
Date of delivery
Date
Amount of
fi nanced (sale price
Total amount of
Unpaid balance
credit is claimed
Overpayment
return no.
repossessed
tax paid
minus trade-in, minus fi nance contract
of contract when
(divide Col. 6 by
(multiply Col.9
cash down payment)
repossessed
Col. 7; multiply
by the tax
result by Col.8.)
rate)
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
__________
________________
___/___/___
___/___/___
__________
__________
__________
__________
__________
__________
Total Page 2
__________
Total Page 1
__________
Grand total
__________
Step 4: Sign below
Under penalties of perjury, I state that I have examined this claim and, to the best of my knowledge, it is true, correct, and complete.
(
)
--
Mail to:
______________________________________________________________________________________________________________
Taxpayer’s signature
Phone
Date
Title
SALES TAX PROCESSING DIVISION
(
)
--
ILLINOIS DEPARTMENT OF REVENUE
______________________________________________________________________________________________________________
Preparer’s signature
Phone
Date
PO BOX 19013
SPRINGFIELD IL 62794-9013
SOY-BASE INK
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