This document contains official instructions for Form MMFT-1 , and Form 050 . Both forms are released and collected by the Illinois Department of Revenue. An up-to-date fillable Form MMFT-1 (050) is available for download through this link.
Q: What is Form MMFT-1, 050?
A: Form MMFT-1, 050 is the Municipal Motor Fuel Tax Return for the state of Illinois.
Q: What is the purpose of Form MMFT-1, 050?
A: The purpose of Form MMFT-1, 050 is to report and remit motor fuel tax to the Illinois Department of Revenue.
Q: Who is required to file Form MMFT-1, 050?
A: Illinois municipalities that sell or deliver motor fuel are required to file Form MMFT-1, 050.
Q: When is Form MMFT-1, 050 due?
A: Form MMFT-1, 050 is due on or before the 20th day of each month following the reporting period.
Q: What information is required on Form MMFT-1, 050?
A: The form requires information about the gallons of motor fuel sold or delivered, tax rates applied, and the calculated tax amount.
Q: Are there any penalties for late filing of Form MMFT-1, 050?
A: Yes, there are penalties for late filing or failure to file Form MMFT-1, 050, including interest charges on unpaid taxes.
Q: What should I do if I have additional questions about Form MMFT-1, 050?
A: If you have additional questions about Form MMFT-1, 050, you should contact the Illinois Department of Revenue for assistance.
Instruction Details:
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