Illinois Sales Tax Archives — Ansari Law Firm

Illinois Sales Tax

Sales tax voluntary disclosure Illinois Department of Revenue

Sales tax voluntary disclosure Illinois Department of Revenue With rules surrounding the sales tax voluntary disclosure program, our firm sent an email to the IDOR to get clarity on the requirements as seen below. The golden rule is that the agency did not contact the taxpayer or their business for…

Ansari Law FirmMay 5, 2023

Illinois Sales Tax

Medical Appliance versus Diagnostic equipment Illinois sales tax audit

Medical Appliance versus Diagnostic equipment Illinois sales tax audit The Department held in a PLR that diagnostic equipment does not qualify as a medical appliance that is entitled to receive a lower sales tax rate. Under Illinois law, products that qualify as medical appliances are subject to a reduced state…

Ansari Law FirmDecember 27, 2022

Illinois Sales Tax

Chicago personal property lease transaction tax is not ad valorem or local sales tax

Chicago personal property lease transaction tax is not ad valorem or local sales tax An Illinois Court of Appeals ruled that a lease agreement requiring the lessor to pay ad valorem tax and local sales tax on the lease of vehicles and equipment did not obligate the lessor to collect…

Ansari Law FirmNovember 11, 2022

Illinois Sales Tax

Illinois Sales Taxes Parking excise tax exemptions enacted

Illinois Sales Taxes Parking excise tax exemptions enacted L. 2022, H4132 (P.A. 102-0920), effective 05/27/2022, exempts the following from the parking excise tax: (a) for the duration of the Illinois State Fair or the DuQuoin State Fair, parking in a parking area or garage operated for the use of attendees,…

Ansari Law FirmJune 20, 2022

Illinois Sales Tax Uncategorized

Texas sales tax on lease

Texas sales tax on lease If you lease equipment for the purpose of renting it someone else, you may need to charge a sales and use tax in Texas. However, if you are renting the equipment to someone, but you will operate the equipment, you do not need to pay…

Ansari Law FirmNovember 12, 2019

Illinois Sales Tax Uncategorized

Illinois Sales Tax on Software and Maintenance Agreements

Illinois Sales Tax on Software and Maintenance Agreements Software and Maintenance Agreements Sales of "canned" computer software are taxable as retail sales in Illinois. Sales of custom software, which is prepared to the special order of the customer, are not taxable. Computer software that is not custom software is considered…

Ansari Law FirmAugust 24, 2016

Illinois Sales Tax Uncategorized

Illinois sales tax on hygiene products

Illinois sales tax on hygiene products Illinois joined a handful of states and the city of Chicago in repealing a so-called "tampon tax" as Gov. Bruce Rauner approved a bill that exempts feminine hygiene products from the state sales tax. Currently, tampons and sanitary napkins are taxed by the state…

Ansari Law FirmAugust 24, 2016

Illinois Sales Tax Uncategorized

Illinois Sales Tax Bonds

Illinois Sales Tax Bonds Illinois will return to the market with $573 million of new money and refunding bonds under a higher-rated sales tax-backed credit. Fitch Ratings said the state will take competitive bids Aug. 24 on a $150 million junior obligation tax-exempt series and a $60 million junior taxable…

Ansari Law FirmAugust 11, 2016

Illinois Sales Tax Uncategorized

Sales Tax Accounting Chicago

Sales Tax Accounting Chicago The Department of Revenue is in essence your silent business partner. They hold a share in your business worth the sales tax rate. Their contribution to your business is the ability to do business in their state. For this reason, you are collecting sales tax on…

Ansari Law FirmJuly 8, 2016

Illinois Sales Tax Uncategorized

Illinois Bakery Sales Tax Audit

Illinois Bakery Sales Tax Audit The Illinois Department of Revenue has issued a letter ruling that clarifies which rate of tax should be used by a bakery that sells both food which has been prepared for immediate consumption and grocery-type items and also provides facilities for on-premises consumption. Bakery items…

Ansari Law FirmJuly 5, 2016

Illinois Sales Tax

Sales tax voluntary disclosure Illinois Department of Revenue

Medical Appliance versus Diagnostic equipment Illinois sales tax audit

Chicago personal property lease transaction tax is not ad valorem or local sales tax

Illinois Sales Taxes Parking excise tax exemptions enacted

Texas sales tax on lease

Illinois Sales Tax on Software and Maintenance Agreements

Illinois sales tax on hygiene products

Illinois Sales Tax Bonds

Sales Tax Accounting Chicago

Illinois Bakery Sales Tax Audit

Contact our Tax Attorneys to Discuss your Case

Offices

About

Practice Areas

Contact

Latest News & Articles