The Form Il 1023 C is an information return that must be filed with the Internal Revenue Service by certain organizations exempt from income tax. The form is used to provide information about the organization's activities and financial operations. To ensure compliance with federal tax law, all organizations must file this form annually. This blog post will provide an overview of the Form Il 1023 C, including what information is required to be disclosed. We will also discuss some common exemptions from filing this form and how to go about obtaining exemption status. Finally, we will outline the penalties for not filing the Form Il 1023 C on time. So stay tuned!
| Question | Answer |
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| Form Name | Form Il 1023 C |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | Illinois, nonresident, 15th, illinois department of revenue change of address |
Illinois Department of Revenue |
Composite Income and |
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2003 Form |
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ReplacementTaxReturn |
or fiscal year beginning ___ ___/___ ___, 2003, ending ___ ___/___ ___, 20___ ___.
Due on or before the 15th day of the 4th month following the close of the tax year.
Do not write above this line.
_____________________________________________________________ |
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6 6 6 |
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Name of partnership or S corporation |
Federal employer identification number (FEIN) |
Seq.code |
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_____________________________________________________________ |
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In care of |
Illinois business tax (IBT) number |
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_____________________________________________________________ |
Check all that apply. |
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Mailing address |
Name or address change |
First return |
Final return |
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_____________________________________________________________
City
Check the return you filed
State
Form
ZIP |
Partners or shareholders included are (check only one): |
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Form |
Trusts/individuals/estates |
Individuals/estates only |
Part 1 — Figure the composite income and income tax
1a Write the amount of modified base income of the partnership or S corporation.1a _______________|_____
b Write the total percentage of ownership for resident members in this
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composite return. (Stop - see instructions.) |
1b ___________________% |
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c Multiply Line 1a by Line 1b. Write the result here. |
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1c |
______________|_____ |
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2 |
a Write the amount of modified base income allocable to Illinois. |
2a _______________|_____ |
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b Write the total percentage of ownership for nonresident members in this |
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composite return. |
2b ___________________% |
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c Multiply Line 2a by Line 2b. Write the result here. |
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2c |
______________|_____ |
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3 |
Add Lines 1c and 2c. This is the composite income. |
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3 |
______________|_____ |
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4 |
Total income tax. Multiply Line 3 by 3% (.03). Write the total here and on Part 3, Line 7. |
4 |
______________|_____ |
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Part 2 — Figure the replacement tax (Complete only if this return includes any trust members.) |
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5 |
Write the amount of composite income included in Part 1, Line 3, that is subject to replacement tax. |
5 |
______________|_____ |
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6 |
Total replacement tax. Multiply Line 5 by 1.5% (.015). Write the result here and on Part 3, Line 8. |
6 |
______________|_____ |
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Part 3 — Figure the total tax |
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7 |
Write the total income tax amount from Part 1, Line 4. |
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7 |
______________|_____ |
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8 |
Write the total replacement tax amount from Part 2, Line 6. |
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8 |
______________|_____ |
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9 |
Add Lines 7 and 8. This is the total amount of income and replacement tax. |
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9 |
______________|_____ |
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10 |
Write the total amount paid on Form |
10 |
______________|_____ |
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11 |
Overpayment. If Line 10 is greater than Line 9, subtract Line 9 from Line 10. If not, go to Line 13. |
11 |
______________|_____ |
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12 |
Write the amount of overpayment you want credited to your 2004 composite tax. |
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12 |
______________|_____ |
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13Tax due. If Line 9 is greater than Line 10, subtract Line 10 from Line 9. This is your balance of
taxdue.Makeyourcheckormoneyorderpayableto“IllinoisDepartmentofRevenue.” |
13 ______________|_____ |
Part 4 — 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 and that each of the qualifying partners or shareholders is aware of, and complies with, the rules and regulations set forth and made binding by this composite return.
Do not write in this box.
______________________________________________/_____/_______ |
(_____)________________________ |
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Signatureofauthorizedagent |
Date |
Phone |
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Check if self- |
______________________________________________/_____/_______ |
______________________________ employed |
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Signature of preparer |
Date |
Preparer's SSN, FEIN, or PTIN |
_____________________________________ _____________________________________________ (_____)__________________
Mail this return to: Illinois Department of Revenue, P.O. Box 19009, Springfield, IL
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NS |
XX |
ME |
DR__________ |
AL__________ |
CR |
ID __________ |
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide
information could result in a penalty. This form has been approved by the Forms Management Center. |