Schedule Sa (1041) - Form For Specific Accounting Method Of Computing Net Income For Fiduciaries - Illinois Department Of Revenue - 2011

Download a blank fillable Schedule Sa (1041) - Form For Specific Accounting Method Of Computing Net Income For Fiduciaries - Illinois Department Of Revenue - 2011 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Schedule Sa (1041) - Form For Specific Accounting Method Of Computing Net Income For Fiduciaries - Illinois Department Of Revenue - 2011 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes.
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 Fiduciaries
Month
Year
Attach to Form IL-1041 as the fi rst attachment.
Step 1
—
Provide the following business information
A
Write your complete legal business name as shown on Form IL-1041.
B
Write your federal employer identifi cation no. (FEIN).
_______________________________________________________
___ ___ - ___ ___ ___ ___ ___ ___ ___
Name:
Step 2 — Figure your base income or loss
A
B
Use the fi gures from Form IL-1041, Column B, Fiduciary, and
Pre-1/1/11
Post-12/31/10
the corresponding line items referenced below.
fi gures
fi gures
1
Federal taxable Income. (IL-1041, Line 1)
_________________
_______________
2
Federal net operating loss deduction. (IL-1041, Line 2)
_________________
_______________
3
Illinois addition modifi cations. (IL-1041, Lines 3 through 10)
_________________
_______________
4
Total income or loss. Add Lines 1 through 3. (IL-1041, Line 11)
_________________
_______________
5
Illinois subtraction modifi cations. (IL-1041, Line 25)
_________________
_______________
6
Base income or loss. (IL-1041, Line 26)
Residents: Skip Step 3 and write the amounts from Line 6 on Line 17.
Nonresidents: Complete Step 3 and follow the instructions.
_________________
_______________
Step 3 — Figure your apportionment factor — Nonresidents only
7
Nonbusiness income or loss. See instructions.
_________________
_______________
8
Business income or loss from nonunitary partnerships, S corporations,
trusts, or estates. See instructions.
_________________
_______________
9
Add Lines 7 and 8.
_________________
_______________
10
Business income or loss. Subtract Line 9 from Line 6.
_________________
_______________
11
Write the net sales everywhere. (Schedule NR, Step 6, Line 1)
_________________
12
Write the net sales within Illinois. (Schedule NR, Step 6, Line 2) _________________
13
Apportionment factor.
Divide Line 12 by Line 11 and carry to six
.
decimal places. (Schedule NR, Step 6, Line 3)
____
____________
14
Business income or loss apportionable to Illinois
Multiply Line 13 by Line 10, for each column.
_________________
_______________
15
Nonbusiness income or loss allocable to Illinois.
_________________
_______________
16
Non-unitary partnerships, S corporations, trusts or estates
business income or loss apportionable to Illinois.
_________________
_______________
Step 4 — Figure your income tax
17
Net income or loss allocable to Illinois.
Residents: Write the amounts from Column A and B, Line 6. (IL-1041, Line 27)
Nonresidents: Add Lines 14, 15, and 16. (Schedule NR, Line 51)
_________________
_______________
18
Discharge of indebtedness adjustment. (IL-1041, Line 28)
_________________
_______________
19
Adjusted base income or net loss. Add Lines 17 and 18. (IL-1041, Line 29)
_________________
_______________
20
Illinois net loss deduction. See instructions. (IL-1041, Line 30)
_________________
_______________
21
Standard Exemption. See Instructions. (IL-1041, Line 31)
_________________
_______________
22
Add Lines 20 and 21. (IL-1041, Line 32)
_________________
_______________
23
Net income. Subtract Line 22 from Line 19. (IL-1041, Line 33)
_________________
_______________
24
Tax.
Column A: Multiply Line 23 by 3% (.03).
:
Column B
Multiply Line 23 by 5% (.05).
_________________
_______________
25
Add Columns A and B, Line 24, and write the total
here and on your Form IL-1041, Line 40.
_______________
Schedule SA (1041) front (N-2/11)
Reset
Print

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Schedule Sa (990-t) - Form For Specific Accounting Method Of Computing Net Income For Exempt Organizations - Illinois Department Of Revenue - 2011 Schedule Sa (990-t) - Form For Specific Accounting Method Of Computing Net Income For Exempt Organizations - Illinois Department Of Revenue - 2011 Financial
Schedule Sa Il-1120 - Form For Specific Accounting Method Of Computing Net Income For Corporations - Illinois Department Of Revenue Schedule Sa Il-1120 - Form For Specific Accounting Method Of Computing Net Income For Corporations - Illinois Department Of Revenue Financial
Schedule Sa (il-1120) - Specific Accounting Method Of Computing Net Income For Corporations - Illinois Department Of Revenue Schedule Sa (il-1120) - Specific Accounting Method Of Computing Net Income For Corporations - Illinois Department Of Revenue Financial
Schedule Sa (form Il-1041) - Specific Accounting Method Of Computing Net Income For Fiduciaries Schedule Sa (form Il-1041) - Specific Accounting Method Of Computing Net Income For Fiduciaries Financial
Schedule Sa - Attach To Form Il-1040 - Specific Accounting Method Of Computing Net Income For Individuals Schedule Sa - Attach To Form Il-1040 - Specific Accounting Method Of Computing Net Income For Individuals Financial
Schedule Sa (form Il-1120) - Specific Accounting Method Of Computing Net Income For Corporations Schedule Sa (form Il-1120) - Specific Accounting Method Of Computing Net Income For Corporations Financial
Schedule Sa (form Il-990-t) - Specific Accounting Method Of Computing Net Income For Exempt Organizations Schedule Sa (form Il-990-t) - Specific Accounting Method Of Computing Net Income For Exempt Organizations Financial
Form 80-100 - Mississippi Resident And Non-resident/part-year Resident Income Tax Forms And Instructions - Ms Dept.of Revenue - 2011 Form 80-100 - Mississippi Resident And Non-resident/part-year Resident Income Tax Forms And Instructions - Ms Dept.of Revenue - 2011 Financial
Schedule Sa (1023-c) - Specifi Accounting Method Of Computing Net Income For Composite Returns Form - Illinois Department Of Revenue - 2011 Schedule Sa (1023-c) - Specifi Accounting Method Of Computing Net Income For Composite Returns Form - Illinois Department Of Revenue - 2011 Financial
Form Il-2220 - Computation Of Penalties For Businesses - Illinois Department Of Revenue - 2003 Form Il-2220 - Computation Of Penalties For Businesses - Illinois Department Of Revenue - 2003 Financial

Related Categories

Parent category: Financial
Download
Go