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Illinois Department of Insurance
P.O. Box 7087
Springfield, IL 62791State of Illinois2018 Privilege and Retaliatory Tax Return for Risk Retention Groups (RRG)
Business during the Calendar Year 2018Due:
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Who needs 2018 privilege and retaliatory?
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Any individual or entity that is subject to the privileges and retaliatory taxes for the year 2018 needs to fill out the 2018 privilege and retaliatory form. This includes taxpayers who have engaged in specific activities or transactions that are subject to such taxes as determined by the tax laws and regulations of their jurisdiction. It is important to consult with a tax professional or refer to the applicable tax guidelines to determine if you are required to fill out this form.
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What is privilege and retaliatory tax?
Privilege and retaliatory tax is a tax imposed on certain privileges or activities such as doing business in a certain jurisdiction or engaging in transactions with certain entities.
Who is required to file privilege and retaliatory tax?
Entities or individuals engaging in activities subject to privilege and retaliatory tax are required to file and pay the tax.
How to fill out privilege and retaliatory tax?
To fill out privilege and retaliatory tax, you will need to gather information on your activities subject to the tax, calculate the tax owed, and submit the required forms and payments to the relevant tax authority.
What is the purpose of privilege and retaliatory tax?
The purpose of privilege and retaliatory tax is to generate revenue for the government and discourage certain activities or privileges.
What information must be reported on privilege and retaliatory tax?
Information such as the type of activity subject to the tax, the amount of revenue generated from the activity, and the tax rate applicable must be reported on privilege and retaliatory tax forms.
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