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The document is a form from the Illinois Department of Revenue, specifically Schedule REG-1-O, which is used to collect owner and officer information for various types of business entities registering for the first time. It outlines the steps to identify the business type and requires detailed information about individuals and businesses involved, including names, titles, addresses, Social Security numbers, and ownership percentages. The completed form must be mailed to the Central Registration Division of the Illinois Department of Revenue.

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Versions	Form popularity	Fillable & printable
2016	4.8 Satisfied (141 Votes)
2014	3.9 Satisfied (30 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the tax on car registration in Illinois?

How much does it cost to title and register my vehicle in Illinois? The total fee for a standard vehicle is $316 ($165 vehicle title + $151 registration/license plates).

How much does Illinois charge for vehicle registration?

Standard tax rate, title, and license fees charged on a new vehicle in Illinois in 2024 are as follows: Sales Tax: 7.25% (additional county taxes may also apply) Title Fee: $165. License and Registration Fee: $151.

Does my LLC need a business license in Illinois?

Illinois doesnt have a general business license at the state level, so there are no fees there. However, you must register your LLC with the Department of Revenue. This Business Registration is free.

How do you figure sales tax on a car in Illinois?

Illinois Sales Tax on Car Purchases For example, theres a state sales tax on the purchase of automobiles, which is 7.25%, and additional county taxes apply. Toyota of Naperville says these county taxes are far less and tend to range from 0.25% - 0.75%.

What is a reg 1 in Illinois?

REG-1 Illinois Business Registration Application. Did you know you may be able to file this form online? Filing online is quick and easy! Click here to go to MyTax Illinois to file your application online.

Is it better to gift or sell a car for $1 in Illinois?

To gift someone a vehicle, you must transfer the vehicle title to their name and create a bill of sale. Selling a vehicle for $1 instead of gifting it could result in your recipient paying sales tax based on the cars fair market value its better to stick with the official gifting process.

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