Illinois DOR Releases Revised Instructions for Form RUT-25-LSE-X, Amended Use Tax Return for Lease Transactions

The Illinois Department of Revenue Dec. 1, 2021 released revised line-by-line instructions for Form RUT-25-LSE-X, Amended Use Tax Return for Lease Transactions, for sales and use tax purposes. Taxpayers must file the form to correct Form RUT-25-LSE, Use Tax Return for Lease Transactions, that taxpayers filed to report the use tax due on a motor vehicle, watercraft, aircraft, trailer, mobile home, snowmobile, or all-terrain vehicle that was leased through an unregistered out-of-state dealer or retailer and that is required to be titled or registered in Illinois. The publication includes: 1) deadlines to file the amended return; and 2) penalties and ...