What is a cbs 1form 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by identifying the business being sold or transferred. Fill in the business name and its Illinois business tax number (IBT no.) along with the federal employer identification number (FEIN).
3. Next, identify the seller or transferor. Provide their name, home or mailing address, and contact details including daytime phone and fax numbers.
4. Then, identify the purchaser or transferee. Include their name, IBT no., FEIN, and attorney's information if applicable.
5. Describe the terms of sale or transfer by indicating the date of sale, selling price, and whether the entire business was sold. Complete any additional fields as required.
6. List any additional persons who should receive a copy of the bulk sales correspondence.
7. Identify yourself as the person submitting the form by providing your name and contact information.
8. Finally, sign the form and mail or fax it along with any required documents to the Illinois Department of Revenue.

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