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This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Form ST-556-LSE
for the current year.
Instructions for Form ST-556-LSE Transaction Return for Leases - Illinois
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.
FAQ
Q: What is Form ST-556-LSE?
A: Form ST-556-LSE is the Transaction Return for Leases form in Illinois.
Q: Who needs to file Form ST-556-LSE?
A: Businesses that lease or rent vehicles, watercraft, or aircraft in Illinois need to file Form ST-556-LSE.
Q: What is the purpose of filing Form ST-556-LSE?
A: The purpose of filing Form ST-556-LSE is to report and pay the Use Tax on leased or rented vehicles, watercraft, or aircraft in Illinois.
Q: What information is required on Form ST-556-LSE?
A: Form ST-556-LSE requires information about the lessor, lessee, lease terms, and the leased or rented property.
Q: When is Form ST-556-LSE due?
A: Form ST-556-LSE is due by the 20th day of the month following the end of the reporting period.
Q: Are there any penalties for late filing of Form ST-556-LSE?
A: Yes, there are penalties for late filing of Form ST-556-LSE. The penalty is $100 for each month or part of a month the return is late, up to a maximum of $1,000.
Instruction Details:
- This 4-page document is available for download in PDF;
- Actual and applicable for the current year;
- Complete, printable, and free.
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