This document contains official instructions for Form ST-556-LSE , Transaction Return for Leases - a form released and collected by the Illinois Department of Revenue.
Q: What is Form ST-556-LSE?A: Form ST-556-LSE is a transaction return for leases in the state of Illinois.
Q: Who needs to file Form ST-556-LSE?A: Anyone engaged in leasing tangible personal property in Illinois needs to file Form ST-556-LSE.
Q: What information is required on Form ST-556-LSE?A: Form ST-556-LSE requires information about the lessor and lessee, the lease agreement, and details of the leased property.
Q: When is Form ST-556-LSE due?A: Form ST-556-LSE is due on or before the 20th day of the month following the reporting period.
Q: Is there a penalty for late filing of Form ST-556-LSE?A: Yes, there is a penalty for late filing of Form ST-556-LSE. The penalty is 2% of the tax due per month, up to a maximum of 50% of the tax due.
Instruction Details:
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