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Where do I enter ST-556 in TurboTax?
Please follow the steps below to enter the ST-556 in TurboTax CD/Download software: Go to Federal Taxes(Personal in Home & Business) at the top, then Deductions and Credits. Then select "I'll choose what I work on. Then scroll down to "Estimates and Other Taxes paid." Next click Start/Revisit next to Sales Tax.
Where is the inventory section in TurboTax?
Click update/start next to "Business Income and Expenses". Select "Edit" next to your business name (or add your business information here if you haven't already). Scroll down to "Inventory / Cost of Goods Sold" and click "Start" to begin entering your inventory.
What's the sales tax in Illinois?
The Illinois' general state sales and use tax rates are: 6.25 percent on general merchandise, including items required to be titled or registered by an agency of Illinois state government; and. 1 percent on qualifying foods, drugs, and medical appliances.
Where do I enter ST-556 in TurboTax?
Please follow the steps below to enter the ST-556 in TurboTax CD/Download software: Go to Federal Taxes(Personal in Home & Business) at the top, then Deductions and Credits. Then select "I'll choose what I work on. Then scroll down to "Estimates and Other Taxes paid." Next click Start/Revisit next to Sales Tax.
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The Illinois' general state sales and use tax rates are: 6.25 percent on general merchandise, including items required to be titled or registered by an agency of Illinois state government; and. 1 percent on qualifying foods, drugs, and medical appliances.
Where do I enter my taxes on TurboTax?
Open or continue your return. Go to the Federal section, then Deductions & Credits. ... Select Estimates and Other Taxes Paid. Select Start or Revisit next to Estimated Tax Payments. Choose Start next to the type of estimated tax payment you'd like to enter.
Why would the Illinois Department of Revenue send me a letter?
The Illinois Department of Revenue (IDOR) sends letters and notices to request additional information and support for information you report on your tax return, or to inform you of a change made to your return, balance due or overpayment amount.
What is the Illinois sales tax rate for 2022?
What is the sales tax rate in Standard, Illinois? The minimum combined 2022 sales tax rate for Standard, Illinois is 7.25%.
Which state has the highest sales tax?
Here are the 10 states with the highest sales tax rates: California - 7.25% Indiana - 7.00% Mississippi - 7.00% Rhode Island - 7.00% Tennessee - 7.00% Minnesota - 6.88% Nevada - 6.85% New Jersey - 6.63%
st556
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