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Illinois Department of Revenue
Specifi c Accounting Method
Tax year ending
Schedule SA
of Computing Net Income
______ ______
For tax years ending on or after January 1, 2011
for Composite Returns
Month
Year
Attach to Form IL-1023-C as the fi rst attachment.
Step 1 — Provide the following business information
B
A
Write your federal employer identifi cation no. (FEIN).
Write your complete legal business name as shown on Form IL-1023-C.
___ ___ - ___ ___ ___ ___ ___ ___ ___
_______________________________________________________
Name:
Step 2 — Figure your income and income tax
A
B
Pre-1/1/11
Post-12/31/10
fi gures
fi gures
1
Modifi ed base income of the partnership or S corporation.
(Form IL-1023-C, Line 1a)
_________________
_______________
2
Total percentage of ownership for resident members.
(Write the percentage as a decimal and carry to six
.
decimal places.) (Form IL-1023-C, Line 1b)
____
____________
3
Multiply Line 1 by Line 2. (Form IL-1023-C, Line 1c)
_________________
_______________
4
Modifi ed base income allocable to Illinois.
(Form IL-1023-C, Line 2a)
_________________
_______________
5
Total percentage of ownership for nonresident members.
(Write the percentage as a decimal and carry to six
.
decimal places.) (Form IL-1023-C, Line 2b)
____
____________
6
Multiply Line 4 by Line 5. (Form IL-1023-C, Line 2c)
_________________
_______________
7
Add Lines 3 and 6. (Form IL-1023-C, Line 3)
_________________
_______________
8
Tax.
Column A —
Multiply Line 7 by 3% (.03).
Column B —
Multiply Line 7 by 5% (.05).
_________________
_______________
9
Add Columns A and B, Line 8, and write the total
here and on your Form IL-1023-C, Line 4.
_______________
Reset
Print
Schedule SA (1023-C) front (N-2/11)