Schedule Sa Il-1120 - Form For Specific Accounting Method Of Computing Net Income For Corporations - Illinois Department Of Revenue

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Illinois Department of Revenue
Specifi c Accounting Method
Schedule SA
Tax year ending
of Computing Net Income
______ ______
For tax years ending on or after January 1, 2011
for Corporations
Month
Year
Attach to Form IL-1120 as the fi rst attachment.
Step 1 — Provide the following business information
A
Write your complete legal business name as shown on Form IL-1120.
B
Write your federal employer identifi cation no. (FEIN).
___ ___ - ___ ___ ___ ___ ___ ___ ___
_______________________________________________________
Name:
Step 2 — Figure your business income or loss
A
B
Pre-1/1/11
Post-12/31/10
fi gures
fi gures
1
Federal taxable income or loss. (IL-1120, Line 1)
_________________
_______________
2
Federal net operating loss deduction. (IL-1120, Line 2)
_________________
_______________
3
Illinois addition modifi cations. (IL-1120, Lines 3 through 8)
_________________
_______________
4
Total income or loss. Add Lines 1 through 3. (IL-1120, Line 9)
_________________
_______________
5
Illinois subtraction modifi cations. (IL-1120, Line 22)
_________________
_______________
6
Illinois base income or loss. (IL-1120, Line 23)
_________________
_______________
7
Nonbusiness income or loss. (IL-1120, Line 24)
_________________
_______________
8
Business income or loss from non-unitary partnerships, trusts,
or estates. See instructions. (IL-1120, Line 25)
_________________
_______________
9
Add Lines 7 and 8. (IL-1120, Line 26)
_________________
_______________
10
Business income or loss. Subtract Line 9 from Line 6. (IL-1120, Line 27)
_________________
_______________
Step 3 — Figure your apportionment factor
11
Write the net sales everywhere. (IL-1120, Line 28)
_________________
12
Write the net sales within Illinois. (IL-1120, Line 29)
_________________
13
Apportionment factor.
Divide Line 12 by Line 11 and carry to six
.
decimal places. (IL-1120, Line 30)
____
____________
14
Illinois business income or loss.
Multiply Line 13 by Line 10, for each column. (IL-1120, Line 31)
_________________
_______________
15
Nonbusiness income or loss. (IL-1120, Line 32)
_________________
_______________
16
Nonunitary partnership, S corporation, trust, or estate
business income or loss. (IL-1120, Line 33)
_________________
_______________
17
Base income or net loss allocable to Illinois.
Add Lines 14 through 16. (IL-1120, Line 35)
_________________
_______________
Step 4 — Figure your income tax
18
Tax. Multiply Column A, Line 17 by 4.8% (.048).
Multiply Column B, Line 17 by 7.0% (.07)
_________________
_______________
19
Add Columns A and B, Line 18, and write the total
here and on your Form IL-1120, Line 45.
_______________
Reset
Print
Schedule SA front (N-2/11)

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