Illinois Additions, Subtractions, Taxes

Transcription

1 ILGen Illinois Additions, Subtractions, Taxes General Information ILGen (06) IL Method of accounting used in preparing this return ( = Cash, = Accrual, 3 = Other) If other, description Authorize discussion with taxing authority (If different from federal Screen 04 )( = Yes, = No) Electing to treat all income as business income Enter beneficiary information (View > Beneficiary Information) General footnote General footnote - Schedule K--T and Grantor / Agency Report Pages and - Additions and Subtractions Enter additions and subtractions from pass-through activities on Screen K- and Screen KT- Additions: Replacement tax deducted Related-party expenses (Schedule 0/0) Subtractions: Fiduciary August, 6 valuation limitation (Schedule F) Payments from certain retirement plans (Force) 0 Retirement payments to retired partners Contributions made to a job training project Related-party expenses (Schedule 0/0) Schedule -B Dividend Subtractions 3 River edge redevelopment High impact business 4 Apportionment Business income apportionment sales: Total Illinois Schedule NR apportionment factor: Second preceding tax year First preceding tax year 6 Bankruptcy estate - tax from Form IL-040 Discharge of indebtedness adjustment Recapture of investment credits from Form 4: River edge redevelopment zone High impact business Replacement tax (Trusts only) Angel Investment credits from Form IL-4 (Trusts only) Compassionate use of medical cannabis surcharge Income and Replacement Tax Information /3/0 ::03 AM

2 ILPay Illinois Payments, Extension, Penalties Payments Use Screen K-3 or Screen KT- to enter pass-through withholding payments Paid with extension, for Form IL-04 ILPay (06) IL Schedule CR Credit for taxes paid to other states Income in respect of a decedent: Total Illinois 6 4 Extension Extended due date (For transmittal letters and filing instructions / penalty and interest calculations) Balance due on extension (Force) Penalties and Interest Date filed, if other than due date of return Suppress on IL-04: Late interest Failure to file penalty Failure to pay penalty 0 /3/0 ::03 AM

3 ILEst Illinois Estimates Overpayment ILEst (06) IL3 Application of current year overpayment Amount for code or Form 6 Payments Next year declaration Treat 4th quarter estimate as due /3 Amount for code Amounts for code or : st payment nd payment 3rd payment 4th payment Amounts for next year's payments made: st payment nd payment 3rd payment 4th payment Form IL-6-B Form IL-6-I 3 4 Number of vouchers desired next year Factor for rounding estimates /3/0 ::03 AM

4 ILAmend Illinois Amended Return, cont'd Nonresident Return Net Income If not transferring original return amounts, enter original amounts only if different from amended Base income from Schedule NR, line Standard exemption from Schedule NR, line 4 ILAmend (06) IL4 Credits If not transferring original return amounts, enter original amounts only if different from amended Illinois net loss deduction 3 Discharge of indebtedness adjustment 4 Recapture of investment credits (replacement tax) Credit for income tax paid to another state (replacement tax) Investment credits 6 Recapture of investment credits (income tax) Credit for income tax paid to another state (income tax) Income tax credits Payments If not transferring original return amounts, enter original amounts only if different from amended Net replacement tax 0 Income tax Bankruptcy estate - tax from Form IL-040-X Compassionate use of medical cannabis surcharge 3 Pass-through withholding payments (Schedule D) 4 Credit from prior year overpayment Form IL-0-B extension payment 6 Pass-through withholding payments (Schedules K--P or K--T) Illinois income tax withheld Form IL-6-I prepayment Form IL-6-B prepayment 0 Tax paid with original return Subsequent tax payments made since the original return Total amount previously refunded 3 Total amount previously credited Penalties 4 Penalty Interest 6 /3/0 ::03 AM

5 ILIncome Illinois Income and Distributions ILIncome (06) Net Income Use these fields to override amounts calculated by UltraTax as shown on Illinois Allocation of Expenses by Income Type Worksheets Interest Dividends Other income: Business Rent / royalty Partnership Estate / trust Farm Ordinary gain Other Business income: Business Partnership / S corporation Estate / trust Farm Rental real estate: Rent / royalty Partnership / S corporation Estate / trust Other rent: Rent / royalty Partnership / S corporation Estate / trust Short-term capital gains Long-term capital gains Deductions Total (Force) Schedule F - Distribution of Appreciation Amounts Illinois (Force) IL Sections 4 and 0 gains from Schedule F, Column, line Section 3 gain from Schedule F, Column, line Capital gain from Schedule F, Column, line /3/0 ::03 AM

6 ILAmend Illinois Amended Return General Information ILAmend (06) IL6 Transfer amounts from original return Different from original return: Name Address Filing only to report an increased net loss Type of change being made ( = NLD, = State, 3 = Federal-partially agreed, 4 = Federal-finalized) Date of IRS finalization Explanation of changes Income or Loss If not transferring original return amounts, enter original amounts only if different from amended Federal taxable income or loss Federal net operating loss deduction Taxable income of electing small business trust 0 Exemption claimed on Form 04 Additions If not transferring original return amounts, enter original amounts only if different from amended Beneficiaries Fiduciary Income and replacement tax deducted 3 State, municipal and other interest income 4 Illinois special depreciation 6 Related party expenses Distributive share of additions 0 Other additions Subtractions If not transferring original return amounts, enter original amounts only if different from amended Beneficiaries Fiduciary August, 6 valuation limitation 4 Payments from certain retirement plans 6 US treasury income Retirement payments to retired partners 30 3 River edge redevelopment zone dividend 3 33 High impact business dividend 34 3 Contributions to certain job training projects 36 3 Illinois special depreciation 3 3 Related-party expenses 40 4 Distributive share of subtractions 4 43 ESBT loss amount 44 Other subtractions /3/0 ::03 AM

7 ILPOA Representative information Illinois Power of Attorney Representative Information Tax Matters Information ILPOA (06) IL The following powers not granted to appointee: Endorse or collect checks in payment of refunds Receipt of refund checks Execute waivers of restrictions Execute consents of extension Delegate authority File protest to proposed assessment Execute offers of compromise Represent taxpayer in all proceedings Obtain a private letter ruling Explain other acts Prior powers of attorney not revoked Send additional copies of notices Signature is witnessed or notarized ( = Two disinterested witnesses = Notary public) /3/0 ::04 AM

8 ILCO Illinois Carryovers Capital Loss Carryovers ILCO (06) IL0 Short-term Long-term IRC Section 664 Undistributed Amounts Federal Total Nonbusiness Interest 3 4 Dividends 6 Other income: Other Patent royalties Copyright royalties Other royalty income Business income 6 Rental real estate income Other rental income Capital gain / loss: Short-term 3 Short-term real property Short-term tangible personal property Short-term intangible personal property Long-term Long-term real property Long-term tangible personal property Long-term intangible personal property 34 US interest 3 36 US dividends 3 3 Tax exempt income Illinois Nonbusiness /3/0 ::04 AM

9 ILSchM Illinois Schedule M Illinois Additions ILSchM (06) IL Capital gains taxed under IRC Section (b)(3) Notes, bonds, debentures, or obligations Lloyd's plan of operation loss Business expense recapture (nonresidents only) Other additions Notes, bonds, debentures, or obligations Lloyd's plan of operation income Illinois Subtractions Amounts held under claim of right under IRC Section 34 Deductions disallowed federally Interest on Illinois state and local government obligations, if in income Reparations received as a victim of persecution by Nazi Germany Income deduction allowed under IRC Section 3 Illinois pre-need cemetery sales act trust income Nuclear decommissioning trust income Recovery of items previously deduction on 040, Schedule A Refund of state income taxes from prior year Schedule M, line IRC Section 6 dividend subtraction Other eligible subtractions from Publication /3/0 ::03 AM

10 ILBank Suppress direct deposit of refund Illinois Direct Deposit Direct Deposit, Form IL-04 ILBank (06) IL Account Information Mandatory if using direct deposit or the electronic funds withdrawal method Routing transit number Name of financial institution Depositor account number Type of account ( = Checking, = Savings) Non-US financial institution (International ACH transaction) 0 /3/0 ::03 AM

11 ILInc- Illinois Income and Distributions ILInc- (06) Nonbusiness Net Income Use these fields to override amounts calculated by UltraTax as shown on Illinois Allocation of Expenses by Income Type Worksheets Interest Dividends Total (Force) Illinois (Force) 3 4 IL3 Patent royalties Copyright royalties Other royalties Other income Real estate rental Other rental Nonbusiness Net Other Income Total (Force) 6 0 Nonbusiness Net Rental Income Total (Force) Illinois (Force) Illinois (Force) Short term capital gain / loss: Real property Tangible personal property Intangible personal property Long term capital gain / loss: Real property Tangible personal property Intangible personal property Nonbusiness Net Gains Total (Force) Illinois (Force) /3/0 ::03 AM

12 ILNOL Illinois Net Loss Deduction ILNOL (06) Schedule NLD Preceding Reported Net Loss Prior Year Complete Only if Loss Originated from Another Company Tax Year Enter loss as negative Net Loss Utilized FEIN Reason Date Acquired IL4 Print Schedule NLD when not required /3/0 ::04 AM

13 ILELF Illinois Electronic Filing Fiduciary Income Tax Information ILELF (06) IL Suppress electronic file when filing federal return or extension electronically Signature date (By entering a date, I have examined the return, and to the best of my knowledge it is true, correct, and complete) Electronic funds withdrawal for balance due returns: Form IL-04 requested payment date (Mandatory if using the electronic funds withdrawal method) (By entering a date, the specified authorized officer is authorizing IDOR and related financial institutions to transact any debit payment information included in the transmission. In addition, the authorized officer also consents to allowing department personnel to discuss any problems transacting the debit with the ERO, transmitter, or financial institution.) 3 Fiduciary Extension Information Signature date (By entering a date, I have examined the extension, and to the best of my knowledge it is true, correct, and complete) Electronic funds withdrawal for extension: Requested payment date (Mandatory if using the electronic funds withdrawal method) (By entering a date, the specified authorized officer is authorizing IDOR and related financial institutions to transact any debit payment information included in the transmission. In addition, the authorized officer also consents to allowing department personnel to discuss any problems transacting the debit with the ERO, transmitter, or financial institution.) 4 Fiduciary Estimate Information Electronic funds withdrawal for estimated payments: Form IL-6-B prepayments (By checking the box, the specified authorized officer is authorizing IDOR and related financial institutions to transact any debit payment information included in the transmission. In addition, the authorized officer also consents to allowing department personnel to discuss any problems transacting the debit with the ERO, transmitter, or financial institution.) Form IL-6-I prepayments (By checking the box, the specified authorized officer is authorizing IDOR and related financial institutions to transact any debit payment information included in the transmission. In addition, the authorized officer also consents to allowing department personnel to discuss any problems transacting the debit with the ERO, transmitter, or financial institution.) 6 Withdrawal dates: (if different from estimate due dates) st payment nd payment 3rd payment 4th payment 0 /3/0 ::03 AM

14 ILK EIN Name Illinois Partnerships and S Corporations Unit State 3 4 ILK (06) IL6 Entity: Address City, state, zip code Foreign country code / description Foreign province or county Foreign postal code General Information Type ( = Partnership, = S corporation, 3 = Foreign partnership, 4 = Publicly traded partnership, = Farm partnership) Tax year ending Apportionment factor Share percentage Disregarded: Entity Name SSN or FEIN Line # Nonbusiness Income This section for electronic filing purposes only Interest Dividends Rental income Patent royalties Copyright royalties Other royalty income Capital gain or loss from real property Capital gain or loss from tangible personal property Capital gain or loss from intangible personal property Other income and expense Member's Share Allocable to Illinois Business Income Line # This section for electronic filing purposes only Member's Share Apportioned to Illinois 0 Ordinary income or loss from trade or business activity 40 4 Net income or loss from rental real estate activities 4 43 Net income or loss from other rental activities Interest Dividends 4 4 Royalties 0 6 Net short-term capital gain or loss 3 Net long-term capital gain or loss 4 Unrecaptured section 0 gain 6 Guaranteed payments to partner 30 Net section 3 gain or loss Other income and expense 6 63 /3/0 ::04 AM

15 ILK- Illinois Partnerships and S Corporations, P EIN Name Unit State ILK- (06) 3 4 IL 3 Additions and Subtractions Apportioned or Line # Member's Share Allocable to Illinois a 3b 3 40 Federally tax-exempt interest income Illinois replacement tax and surcharge deducted Illinois special depreciation addition Related-party expenses addition Distributive share of additions Other additions Interest from US Treasury obligations (business) Interest from US Treasury obligations (nonbusiness) River Edge Redevelopment Zone dividend subtraction High Impact Business dividend subtraction 4 Contribution subtraction 4 Interest subtraction - River Edge Redevelopment zone 43 Interest subtraction - High Impact Business 44 Illinois special depreciation subtraction 4 Related-party expenses subtraction 46 Distributive share of subtractions 4 Other subtractions Line # Section 4 and 0 gain Section 3 gain Section 3 gain less casualty and theft gain Capital gain Appreciation Apportioned or Member's Share Allocable to Illinois /3/0 ::04 AM

16 ILKT EIN Name Illinois Estates and Trusts Unit State 3 4 ILKT (06) IL Entity: Address City, state, zip code Foreign country code / description Foreign province or county Foreign postal code Type ( = Trust, = Estate) (State use only) Tax year ending Apportionment factor Disregarded: Entity Name SSN or FEIN General Information Line # Nonbusiness Income This section for electronic filing purposes only Interest Dividends Rental income Patent royalties Copyright royalties Other royalty income Capital gain or loss from real property Capital gain or loss from tangible personal property Capital gain or loss from intangible personal property Other income and expense Beneficiary's Share Illinois Share Business Income Line # This section for electronic filing purposes only Beneficiary's Share Illinois Share Interest Dividends 4 4 Net short-term capital gain or loss Net long-term capital gain or loss Annuities, royalties, and other nonpassive income 4 4 Directly apportioned deductions 4 Total annuities, royalties, and other nonpassive income Trade or business, rental real estate, and other rental income Directly apportioned deductions Total trade or business, rental real estate, and other rental income 3 4 Other income and expense 6 /3/0 ::04 AM

17 ILKT- EIN Name Illinois Estates and Trusts, P State ILKT- (06) 3 4 Unit IL Additions Line # Beneficiary's Share Illinois Share 30 Federally tax-exempt interest income 6 3 Illinois income and replacement tax and surcharge deducted 3 Illinois bonus depreciation addition 0 33 Related-party expenses addition 34 Distributive share of additions Other additions 6 Line # 36a 36b Subtractions Interest from US Treasury obligations (business) Interest from US Treasury obligations (nonbusiness) Payment from certain retirement plans Retirement payments to retired partners River Edge Redevelopment Zone dividend subtraction High Impact Business dividend subtraction Contributions to certain job training projects Illinois bonus depreciation subtraction Related-party expenses subtraction Distributive share of subtractions Other subtractions Beneficiary's Share Illinois Share Line # Section 4 and 0 gain Section 3 gain Capital gain Appreciation Beneficiary's Share Illinois Share Line # 4 0 Pass-through Entity Payment / Cannabis Surcharge Pass-through withholding payments Federal income attributable to compassionate use of medical cannabis surcharge 4 46 /3/0 ::04 AM

18 ILK-3 Illinois Partnerships and S Corporations, P3 EIN Name Unit State ILK-3 (06) 3 4 IL0 Line # a b c d e f g h i j k l m n 3a 3b 3c 4 Credits, Recaptures, Pass-through Entity Payments Film production services tax credit Enterprise zone investment credit River edge redevelopment zone investment credit Tax credit for affordable housing donations EDGE tax credit Ex-felons jobs credit Veterans jobs credit Student-assistance contribution credit Angel investment credit New markets credit River edge historic preservation credit Live theater production credit Hospital credit Replacement tax investment credits Enterprise zone or river edge redevelopment zone investment credit recapture Replacement tax investment credit recapture Angel investment credit recapture Pass-through withholding payment Federal income attributable to compassionate use of medical cannabis surcharge /3/0 ::04 AM

19 ILCrD Illinois Income Tax Credits and Carryovers Schedule -D - Tax Credits Tax credits from partnerships and S corporations are entered on Screen K-3 TECH-PREP youth vocational programs Dependent care assistance program Film production services Enterprise zone investment River edge redevelopment zone investment High impact business investment Total affordable housing donations Economic development for a growing economy River edge redevelopment zone remediation Transferred river edge redevelopment zone remediation Ex-felons jobs Veterans jobs Student assistance contribution Angel investment New markets River edge historic preservation Live theater production tax Hospital: Real property taxes Cost of free or discounted services Transferred hospital ILCrD (06) IL Preceding Tax Year Schedule -D - Credit Carryforward Two-year Credit Five-year Credit Carryforward Carryforward Ten-year Credit Carryforward /3/0 ::03 AM