Illinois Amended Transaction Return for Leases

Amended Transaction Return for Leases
ST-556-LSE-X, Amended Transaction Return for Leases
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Illinois Department of Revenue

	ST-556-LSE-X	
Amended Transaction Return for Leases
						

(For use with lease transactions for vehicles, watercraft, aircraft, trailers and mobile homes)

		

Rev 01	 Form 966	 Station 402
E S	 ____/____/____
NS	 CA	 DP	RC	 TL	 EC	___	 ___

		
		

Read this information first	

•	 Everyone must complete Steps 1, 2, and 4.	
	
•	 You must also complete Step 3 if you are changing
financial information.	

Do not write above this line.

Amount you are paying:	$	 __________________
Make your check payable to “Illinois Department of Revenue.”

•	 If you are claiming an overpayment on this return and you collected the overpaid tax from your customer(s), you must
refund the tax to your customer(s) before filing this return. When you complete this return, you must state, under penalties
of perjury, in Step 4, that you unconditionally refunded the overpaid tax to your customer(s).

Step 1:	Identify the return you are amending and your business
1	 Original tax return no.	__________________________________

3	 Business name	______________________________________

2	 IL Account ID	 ____ ____ ____ ____ - ____ ____ ____ ____

4	 Phone number (_____) _____ - _______________

Step 2:	Indicate the reason why you are filing an amended return (See instructions.)
	1	____	I put an incorrect date of delivery. The correct date is

	7	____	The leasing company’s name, address, or Federal Employer

			 ___ ___ / ___ ___ / ___ ___ ___ ___.
	2	____	I used incorrect figures when completing Lines 1 or 2 of my
original return.
	3	____	I made a computational error on Lines 3 through 12 of my
original return.
	4	____	The purchaser returned the vehicle and cancelled the deal.

Identification Number (FEIN) was incorrect. The correct
information is:
		Leasing company’s name	___________________________
		Leasing company’s address	_________________________
			Leasing company’s FEIN	___ ___ - ___ ___ ___ ___ ___ ___ ___
	 8 	____	The lessee’s name or address was incorrect, or the leased
item or trade-in information was incorrect. The correct
information is:
			Lessee’s name	____________________________________
			Lessee’s address	__________________________________
			Leased item description	____________________________
			Trade-in description	_______________________________
	9	____	The taxable location name was incorrect. The correct name
is ________________________________________.
	10	 ____	Other. (Please explain.)	_____________________________
		_______________________________________________
		_______________________________________________
		_______________________________________________
		_______________________________________________
		_______________________________________________
		_______________________________________________

	5	 I should have reported this sale for lease as an exempt sale as a:
		
a	 ____	 Lease to non-Illinois resident (See instructions.)
				
Drive-away permit no.	 _____________________
				
Lic. plate no.	_________________	 State	_______
	 	b	____	 Lease for use as farm implement or lease of
				
ready-mix concrete truck
	 	
c	____	 Lease to a tax-exempt governmental body
	 			(Tax-exempt no. E -	_______________________)
	 	d	____	 Lease to an interstate carrier for use as rolling stock
				
(Certificate of authority no.	__________________)
	 	
e	 ____	 Other (Please explain.)	______________________
	 			________________________________________
	 			________________________________________
	6	 I indicated an incorrect basis for calculating the tax due. I should
have indicated that I calculated the tax due using:
		
a	____	 the amount due at signing, plus the total amount of
lease payments; or
	 	b	____	 the actual selling price.

Turn this page over to complete Steps 3 and 4.

ST-556-LSE-X (N-01/15)

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.

*596611110*
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Step 3:	Correct your financial information
Complete this section only if you are changing financial information. Otherwise, go to Step 4 and sign your return.

Penalty and interest information

If you were assessed penalty and interest on the original Form ST‑556-LSE that you filed, we will take those figures into account when we
compute your amended return. Do not include penalty or interest in the figures you enter on any of the lines in Column A or Column B below.

Column A	

Column B

Most recent figures filed	

Figures as they should
have been filed

Round to the nearest whole dollar.	
	

	

		 		
	1	 Selling price (If eligible, this is the amount due at signing, plus
		 total lease payments. Otherwise, enter the actual selling price.)	
1	_______________________	 1	_______________________
	 2	 Total trade-in credit or value (Note: Trade-in credit is
		not allowed if you entered on Line 1 the amount due
		 at signing, plus total lease payments.)	

2 _______________________	

	 3	

3	_______________________	 3	_______________________

Amount subject to tax - Subtract Line 2 from Line 1.	

2 _______________________

	 4	 Tax - Multiply Line 3 by the correct tax rate. (________________)	 4	_______________________	 4	_______________________
	
Enter rate.
	 5	 Use tax for certain districts (See instructions.)
		 Enter the name of the:
		a	 County		_________________________________________
		b	 City		_________________________________________
		c	 Township	_________________________________________	
5	_______________________	 5	_______________________
	 6	

Total tax - Line 4 plus Line 5	

6	_______________________	 6	_______________________

	 7	

Retailer’s allowance (See instructions.)	

7	_______________________	 7	_______________________

	 7a	 MED fee, if applicable (See instructions.)	

7a	_______________________	

	 8	

Net tax due - Subtract Line 7 from Line 6 and add Line 7a.	

8	_______________________	 8	_______________________

	 9	

Excess tax collected	

9	_______________________	 9	_______________________

	10	

Total tax due - Add Lines 8 and 9.	

10	_______________________	10	_______________________

	11	

Credit amount	

11	_______________________	11	_______________________

	12	

Net total due - Subtract Line 11 from Line 10. 	

12	_______________________	12	_______________________

	13	
		
		
		

Enter the total amount you have paid. 			
13	_______________________
Compare Line 12, Column B, and Line 13.	
•	If Line 13 is greater than Line 12, Column B, enter the difference on Line 14.
•	If Line 13 is less than Line 12, Column B, enter the difference on Line 15.			

	14	

Overpayment — This is the amount you have overpaid. Go to Step 4 and sign your return.	14	_______________________

	15	 Underpayment — This is the amount you have underpaid. Pay this amount.
		 Go to Step 4 and sign your return.			
	 	 Make your check payable to “Illinois Department of Revenue.”

7a	_______________________

15	_______________________

Step 4:	Sign below
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. Under penalties of perjury, I state that I have unconditionally refunded to my customer(s) any overpaid sales tax that
I collected from my customer(s) and am claiming as an overpayment on this return.
_____________________________________________________________________________________________________
Owner, partner, or officer’s signature	

Title		

Phone					

Date

_____________________________________________________________________________________________________
Paid preparer’s signature	

Mail to:	
			
			

Title		

ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19034
SPRINGFIELD IL 62794-9034

ST-556-LSE-X (N-01/15)

*596612110*

Phone					

Date

Enter the amount you are paying on the line
provided in the “Read this information first”
section on the front of this return.

Reset

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