Form Rc-50 - Cigarette Floor Stock Tax Return - 2012
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1Illinois Department of Revenue
RC-50
2012 Cigarette Floor Stock Tax Return
Station no. 268
Do not write above this line.
Your payment and completed Form RC-50 is due when you first make a purchase of cigarette stamps on or after June 24, 2012,
or the first due date of a return, whichever occurs first. Make your payment payable to “Illinois Department of Revenue.”
Step 1:
Identify your business
1
Business name: ____________________________________
3
Account ID:______________ - ______________
2
Address: _________________________________________
4
License no.: _______________________________________
If your license number begins with a “U”, check the box.
_________________________________________________
5
Official use: Out-of-State Cigarette Use Tax Station no. 269
Note: Follow our instructions for each column.
Column A
Column B
Column C
Number of
Number of
Total
packages of 20
packages of 25
Add Column A & B
Step 2: Determine if you are subject to the tax
6 Write the total number of stamps purchased in 2011.
6
7 Figure your average monthly stamps purchased in 2011. Write the amount from
Line 6, Column C, _________________ and divide it by 12. Write the result.
7
8 From your 12/31/2011 Schedule CF, write the number of affixed and unaffixed stamps.
8
9 Write the number of stamps you purchased from 1/1/2012 through 6/23/2012.
9
10 Add Lines 8 and 9. Remember to calculate each column separately.
10
11 Write the amount from Line 10, Column C, _________________ and divide it by 5.8.
Write the result. This is your average number of stamps in your possession in 2012.
11
12 Subtract Line 7 from Line 11. This is the comparison of 2011 to 2012.
If the result is greater than zero (positive), write the result and continue to Step 3.
12
Note: If the result is zero or less (negative), skip Steps 3 and 4. Go to Step 5.
Step 3: Figure your tax
13 Divide the amount on Line 10 by 5.8. Remember to calculate each column separately. 13
14 Divide the amount on Line 6 by 12. Remember to calculate each column separately. 14
15 Subtract Line 14 from Line 13. Remember to calculate each column separately.
If the result is zero or less (negative), write “0” in the appropriate column.
15
$1.00
$1.25
16 This is the rate of the tax increase per package.
16
17 Multiply Line 15 by Line 16. Write the result in each column.
17
18 Add Line 17, Column A and B. Write the result in Column C. This is your total tax due. 18
19 Go to Step 4 if you are not fully paying the tax due on Line 18. Otherwise,
figure your discount by multiplying Line 18 by the discount rate from your last
Form RC-1-A, Cigarette Tax Stamp Order Invoice.
19
20 Subtract Line 19 from Line 18. Write the result. Pay this amount. Go to Step 5.
20
Step 4: Complete Step 4 for extended payment option
21 If you choose the payment plan option, check the box.
21
22 Divide Line 18 by 12. This is minimum payment due with this form and each month. 22
Additional instructions for pay plan option: Complete Form CPP-1, Payment Installment Plan Request. If your balance due after your first
payment is greater than $5,000, you must also complete Form EG-13-B, Financial and Other Information Statement for Businesses. Submit
these completed forms with Form RC-50 to the address listed below. Once we notify you that your payment plan is set up, you must make the
remaining payments electronically through ACH debit.
Step 5:
Sign below
Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete.
_______________________________________________________
______________________________________________________
Signature (taxpayer’s or paid preparer’s)
Date
Title (if applicable)
_______________________________________________________
______________________________________________________
Signature (paid preparer, if applicable)
Taxpayer’s phone number
Mail your return and payment to:
ALCOHOL, TOBACCO, AND FUEL DIVISION, ILLINOIS DEPARTMENT OF REVENUE,
PO BOX 19018, SPRINGFIELD IL 62794-9018
If you have questions, call 217 782-6045.
This form is authorized by the Cigarette and Cigarette Use Tax Acts. Disclosure of this information is REQUIRED. Failure to comply may
result in a penalty. This form has been approved by the Forms Management Center.
RC-50 (R-06/12)
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