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Instructions For Preparing The Anti-Litter Tax Return (Form 7580) - Chicago Department Of Revenue Page 2

ACCOUNTNUMBER

LINE 10.

LINE 11.

11a.

Enter total tax due (subtract line 9 from line 6b). If line 10 is greater than 0, enter the amount owed. If line 10 is less than 0, skip to

line 14.

Determine the amount of interest owed based on tax past due.

Enter number of days late (August 16 being one day late, etc.) ...................

1 lb.

Enter the amount from line 10. ......................................................................

11c.

ii ............. ii ............. il ............ !i ............. i ~

LINE 12.

LINE 13.

LINE 14.

LINE 15.

Total amount of interest (10b * [10a / 365]) * 12%

...........................

i ..............

...........................................................

iZ:i: .................

EXAMPLE: if you determine that you owe $100,000 on the due date (August 15) and you file and pay the tax on August 26, then you

are 11 days late in making the payment. The calculation of the interested owed is as follows: [$100,000 * (11/365)] * 12% = $361.64.

Enter 5% of line 10 to compute penalty if tax is not paid when due.

Enter the total tax penalty and interest due (add lines 10, 11, and 12).

Overpayment. If line 10 is less than 0, enter the amount of overpayment.

If you want the amount of the overpayment to be credited to next year's estimated tax, enter a check in the credit box. Otherwise,

check the refund box.

NOTE: Any amounts overpaid will first be applied to deficiencies outstanding for this tax and to deficiencies for any other City of

Chicago tax for which you are registered.

FOR ADDITIONAL INFORMATION, CALL 312-747/9723 (TTY 312-744-2976)

NOTE: YOU MUST COMPLETE ALL INFORMATION ON THIS PAGE FOR THIS RETURN TO BE CONSIDERED COMPLETE.

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Rev 006 0614

Instructions For Preparing The Anti-Litter Tax Return (Form 7580) - Chicago Department Of Revenue Page 2