The Illinois RHM-1 form is a tax return specifically designed for hotel operators to report their occupancy tax obligations to the Illinois Department of Revenue. This form helps businesses calculate their taxable base, total tax due, and any applicable discounts. For those operating in the hospitality industry, completing the RHM-1 is essential for compliance and accurate tax reporting.
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When managing a hotel or lodging business in Illinois, understanding the Illinois RHM-1 form is crucial for compliance with state tax regulations. This form, officially known as the Hotel Operators' Occupation Tax Return, serves as a means for hotel operators to report their taxable receipts and calculate the taxes owed to the state and local authorities. It encompasses various essential elements, including the identification of the business, the reporting period, and detailed calculations of total receipts, deductions, and taxes. Operators must accurately report their total receipts, which include room rentals and any taxes collected during the reporting period. The form also allows for local tax deductions and other specific deductions that may apply, such as those for permanent residents or meeting rooms. Furthermore, it guides users through calculating the total tax due, including state and local taxes, while offering a discount for timely filing and payment. Completing the RHM-1 form accurately is not just a matter of compliance; it is vital for ensuring that your business operates smoothly and avoids potential penalties. By understanding each step of this form, hotel operators can navigate their tax responsibilities with confidence.
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Many people believe that the RHM-1 form is exclusively for traditional hotels. However, it applies to any business that rents out rooms, including motels, bed and breakfasts, and vacation rentals.
Some operators think that if they did not have any guests during a reporting period, they do not need to file the form. In reality, it is still necessary to submit the RHM-1 form, even if the taxable receipts are zero.
There is a common belief that the RHM-1 form can be filed once a year. In fact, it is typically filed quarterly, and missing these deadlines can lead to penalties.
Some may think that deductions do not need to be claimed. This is not true. Properly identifying and claiming deductions can significantly reduce the taxable amount, so it’s important to include them.
While it may seem daunting at first, the RHM-1 form is straightforward. With clear instructions and a structured format, many find they can complete it quickly once they gather the necessary information.
Some operators underestimate the importance of timely submissions. Late filings can result in penalties and interest, making it crucial to adhere to deadlines.
Many believe that record-keeping is unnecessary after filing the form. However, maintaining accurate records is essential for verifying the information provided and for any potential audits.
Illinois Department of Revenue
RHM-1 Hotel Operators' Occupation Tax Return
REV 3
Form 475
E S ___/___/___
NS
DP CA
Identify your business
Station no. 515
Do not write above this line.
Account ID: ___ ___ ___ ___ ___ ___ ___ ___
Check here if your address has changed.
Tell us the liability period for which you are filing this return:
License no. HM - ___ ___ ___ ___ ___
Month of: __ __/___ __
Quarter ending: __ __/___ __
Business name _______________________________________
Year: __ __ __ __
Business address ________________________________________
Is this a final return (you are no longer in business)?
yes no
Number and street
_______________________________________________________
City
State
ZIP
Step 1: Figure your taxable base
1 Total receipts. (Includes all room rental receipts, state, and local tax collected for this reporting period.)
1
______________|____
2
Local tax deduction
3Other deductions (Describe each deduction by item AND amount on the lines below) Example: permanent residents: $1,000.00, meeting rooms: $200.00
_________________________________________________________________
Total other deductions: 3
4
Subtraction for MPEA Hotel Tax collected.
5
Add Lines 2 through 4. This is your total deductions.
6
Subtract Line 5 from Line 1. This is your taxable base.
Step 2: Figure your total tax
7
State tax. Multiply Line 6 by .0564
8
Chicago taxes. Multiply Line 6 by .05235
9
Add Lines 7 and 8. This is your total tax.
Step 3: Figure your discount
10 If you file and pay on time, multiply Line 9 by .021
10 ______________|____
Step 4: Figure your payment due
11
Subtract Line 10 from Line 9. This is your net tax due.
12
If you collected too much tax, report the amount of excess tax you collected.
13
Add Line 11 and Line 12. This is your tax due.
14
If you have credit, tell us the amount of credit you wish to apply.
15
Subtract Line 14 from Line 13. This is your total tax due. Pay this amount.
Step 5: 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. The information in this return is taken from the records of the business for which it is filed.
___________________________________________________
____________ ____/____/________
(____)____-____________
Taxpayer's signature
Title
Date
Telephone (Include area code)
____/____/________ (____)____-____________
Preparer's signature
*247501110*
RHM-1 (R-11/12)
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.
When filling out the Illinois RHM-1 form, consider the following guidelines to ensure accuracy and compliance.
After completing the Illinois RHM-1 form, you will submit it to the Illinois Department of Revenue. Ensure that all figures are accurate and that you have included any necessary documentation. This step is crucial for compliance with state tax regulations.