This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Form RMFT-7 Schedule B
for the current year.
Instructions for Form RMFT-7 Schedule B Gasoline Products Sold to the Federal Government, to Authorized Foreign Diplomats, to Municipal Corporations Owning and Operating Local Transportation Systems, to Certain Privately Owned Public Utilities, for Non-recreational Type Watercraft, or for Aviation Purposes - Illinois
This document contains official instructions for Form RMFT-7 Schedule B, Public Utilities, for Non-recreational Type Watercraft, or for Aviation Purposes - a form released and collected by the Illinois Department of Revenue. An up-to-date fillable Form RMFT-7 Schedule B is available for download through this link.
FAQ
Q: What is Form RMFT-7 Schedule B?A: Form RMFT-7 Schedule B is a form used in Illinois to report the sale of gasoline products to specific entities.
Q: Who is required to file Form RMFT-7 Schedule B?A: Businesses that sell gasoline products to the federal government, authorized foreign diplomats, municipal corporations owning and operating local transportation systems, certain privately owned public utilities, for non-recreational type watercraft, or for aviation purposes in Illinois are required to file this form.
Q: What information needs to be reported on Form RMFT-7 Schedule B?A: Form RMFT-7 Schedule B requires you to provide details such as the name and address of the purchaser, the quantity of gasoline products sold, and the purpose for which the gasoline products were purchased.
Q: How often does Form RMFT-7 Schedule B need to be filed?A: Form RMFT-7 Schedule B should be filed on a quarterly basis. The due dates for filing this form are typically on or before the 20th of the month following the end of the quarter.
Q: Are there any penalties for not filing Form RMFT-7 Schedule B?A: Yes, failure to file Form RMFT-7 Schedule B or filing inaccurate information may result in penalties and interest.
Q: Do I need to keep a copy of Form RMFT-7 Schedule B for my records?A: Yes, it is recommended to keep a copy of Form RMFT-7 Schedule B for your records in case of any future inquiries or audits.
Instruction Details:
- This 1-page document is available for download in PDF;
- Actual and applicable for the current year;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Illinois Department of Revenue.
