How to Obtain a Sales Tax Certificate in Illinois

A sales tax certificate or permit is required if you want to open a business in Illinois. Any person or company that sells tangible personal property in Illinois must obtain a sales tax permit, commonly known as a retailer’s occupation tax permit. With the aid of this certificate, the bearer is authorized to legally collect and pay sales tax to the appropriate state authorities.

You must first register with the Illinois Department of Revenue in order to receive a sales tax certificate there. On their website, you can submit this online, or you can mail it in using Form REG-1. Your name, address, phone number, social security number, or federal employer identification number (FEIN), must all be provided. Additionally, you must include information about your company, such as its nature, the time it first opened for operation, and an estimate of its monthly revenues.

Wait for your sales tax certificate to arrive in the mail after registering with the Illinois Department of Revenue. Several business days are typically needed for this. Additionally, you might need to display your sales tax certificate in plain sight inside your place of business.

You might also need to get a CRT-61 form in addition to a sales tax certificate. To record sales to the state of Illinois, utilize the CRT-61 form. Even if there were no sales throughout the month, you must still submit this form.

You will also want a resale certificate if you intend to buy products to resell. With the help of this certificate, you are able to buy products that you will sell for a profit tax-free. You must give the Illinois Department of Revenue your sales tax certificate number and business information in order to get a resale certificate.

Finally, you might want a business license if you intend to sell goods online. A general business license may be required by some localities even though Illinois does not. If a business license is necessary in your location, you should verify with your local government.

In conclusion, any company that sells tangible personal property in Illinois must first obtain a sales tax certificate. You are legally able to gather and send sales tax to the state government. You must register with the Illinois Department of Revenue and wait for your sales tax certificate to arrive in the mail in order to receive one. Depending on the nature of your firm, you could additionally require a CRT-61 form, a resale certificate, and a business license.