The ITR-1 Illinois form is a request for tax clearance issued by the Illinois Department of Revenue. This form is essential for individuals or businesses seeking to confirm that all tax obligations have been met before proceeding with certain transactions, such as real estate deals or bank closings. Ensure your tax returns are filed and any outstanding balances are settled before submitting the form.
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The ITR-1 form is an essential document for businesses operating in Illinois, particularly when it comes to ensuring compliance with state tax obligations. This form, known as the Request for Tax Clearance, serves as a formal request to the Illinois Department of Revenue for verification that all tax returns have been filed and any outstanding balances have been settled. It is crucial to note that the processing of the ITR-1 will not commence until all relevant tax returns are submitted and any applicable penalties or interest are paid. For those who have sold or are in the process of selling business assets, the ITR-1 is not the appropriate form; instead, they must complete Form CBS-1. When filling out the ITR-1, businesses need to provide various details, including the business name, address, and identification numbers, along with the specific taxes for which clearance is requested. The reasons for seeking tax clearance can vary, from real estate transactions to requirements imposed by other states. Once completed, this form must be signed by an authorized individual, ensuring that the request is legitimate. It is also worth mentioning that the processing time for the ITR-1 is typically around ten business days, so planning ahead is advisable. Should assistance be required during the completion of this form, help is readily available through the Illinois Department of Revenue.
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Misconceptions about the ITR-1 Illinois form can lead to confusion and delays in processing requests for tax clearance. Here are five common misunderstandings:
Illinois Department of Revenue
ITR-1 Request for Tax Clearance
Read this information first
•Form ITR-1 will not be processed until all returns are filed and balances paid (including penalty and interest, if applicable).
•Allow at least 10 business days for processing of Form ITR-1.
•If you are selling or have sold your business assets, do not complete Form ITR-1, Request for Tax Clearance. You must complete Form CBS-1, Notice of Sale or Purchase of Business Assets.
•If you need assistance in completing Form ITR-1, you can contact us at 1 800 732-8866 or at the address listed below.
Step 1: Identify yourself or your business
1
Name: _____________________________________________________
9
Date business started in Illinois :_____/_____/_____
Month
Day
Year
2
Doing business as (DBA):______________________________________
10
Do you make retail sales in Illinois?
yes
no
3
Street address: ______________________________________________
11
Do you maintain an office in Illinois?
City, state, ZIP: ______________________________________________
12
Do you have employees in Illinois?
4
Telephone (include area code): (______)______-__________
13
If this tax clearance is to be sent to a third party, provide the
following:
5
Federal Employer Identification number (FEIN): __ __-__ __ __ __ __ __ __
Name: ________________________________________
6
Illinois Business Tax number (IBT no.): __ __ __ __-__ __ __ __
In-care-of name: ________________________________
7
Social Security number: ___ ___ ___ - ___ ___ - ___ ___ ___ ___
Address: _______________________________________
Number and street or post office box
8
Excise Tax License number:_______________________________
City, state, ZIP: __________________________________
Step 2: Check the taxes for which you are requesting tax clearance
a b c d
Business income tax
e
Withholding income tax
f
Individual income tax
g
Excise tax. Specify tax type(s):_______________________________
Retailer’s occupation tax (including sales and use taxes) Hotel/motel tax
Automobile renting tax
Step 3: Check the reason you are requesting tax clearance
Real estate transaction Bank closing
Required by a state other than Illinois
Other. Please explain:_____________________________________________________________________________________
Step 4: Sign below
An owner or officer of the business requesting the tax clearance must complete this step. Signature stamps are not acceptable.
Note: If you have been appointed as power of attorney for the taxpayer requesting this tax clearance, you must attach a copy of your power of attorney that specifically states your authorization in tax related situations. See Form IL-2848, Power of Attorney.
_________________________________________
_____/_____/_____
Title: _____________________________________________
Signature
Month Day Year
Title (i.e., president, owner, partner, individual)
Step 5: Send your request
ILLINOIS DEPARTMENT OF REVENUE
PROBLEMS RESOLUTION, (3-515)
Fax: 217 785-2643
PO BOX 19014
SPRINGFIELD IL 62794-9014
Official Use Only
This is your approved tax clearance approved for the taxes identified in Step 2, boxes _________________________________, per your
request. Note: This tax clearance does not preclude assessment for any liability for pending, current, or future taxes or liabilities that may be established by present or future audits conducted by the department.
Clerk ID: ____________
Signature: ________________________ _____/_____/_____
ITR-1 (R-03/07)
This form is authorized as outlined by the Retailers’ Occupation Tax Act and Income Tax Act. Disclosure of this information is REQUIRED. Failure to
provide information could result in the denial of your request. This form has been approved by the Forms Management Center.
IL-492-2867
When filling out the ITR-1 Illinois form, it's essential to follow certain guidelines to ensure a smooth process. Here are five things you should and shouldn't do:
By adhering to these guidelines, you can help ensure that your request for tax clearance is processed efficiently and without unnecessary delays.
Filling out the ITR-1 form is an essential step for businesses in Illinois seeking tax clearance. This process requires careful attention to detail, as the information provided will determine the status of your tax obligations. Once completed, the form should be submitted to the Illinois Department of Revenue for processing.
Once submitted, allow at least 10 business days for processing. It's important to ensure that all previous returns are filed and balances paid before the form can be processed. If you have questions during this process, assistance is available through the provided contact information.