Form Il-1000-X Draft - Amended Pass-Through Entity Payment Income Tax Return (Page 2 of 2) in pdf

Form IL-1000-X Instructions

Step 1 — Identify your partnership, S corporation, or

General Information

trust.

Who must file Form IL-1000-X?

—

Lines A through C

Follow the instructions on the form

You must file Form IL-1000-X, Amended Pass-through Entity

Step 2 — Figure your payment amount.

Payment Income Tax Return, if you are amending a previously

filed, processable Form IL-1000 for a tax year ending on or after

Line 1 —

Write your total amount of business income apportioned

December 31, 2008. For more specific information about pass-

to Illinois.

through entity payments, see the Form IL-1000 Instructions.

Partnerships and S corporations: Add Lines 44 and 46 from your

Do not file Form IL-1000-X if you overpaid the required amount

Form IL-1065 or IL-1120-ST and write the result on Line 1. If you did

on your original Form IL-1000. Any overpayments will be

not complete Step 6, write the amount from Line 36.

refunded to the partners, shareholders, and beneficiaries when

Trusts: Add the amounts from your nonresident beneficiaries’

they file their annual tax returns.

Schedules K-1-T, Column B, Lines 19 through 29 plus any business

How long do I have to amend my return?

items in Column B, Lines 30 through 46, and write the result on Line 1 .

There is no statute of limitations for filing Form IL-1000-X because

Lines 2a, 3a, 4a, and 5a -

Write the amounts from your most

overpayments cannot be claimed on this form. However, any

recently filed or adjusted Form IL-1000.

payment that is not made by the original due date of the return is

Lines 2b, 3b, 4b, and 5b —

subject to penalties and interest as prescribed by Illinois law.

These lines show you how to figure

the correct amount of pass-through entity payments based on the

Who should sign the return?

classification of your partners, shareholders, or beneficiaries. For

each Line, 2b, 3b, 4b, and 5b, fill in the blanks by completing each

Your Form IL-1000-X must be signed by the president, vice

line horizontally as an equation.

president, treasurer, or any other officer duly authorized to sign the

return. If you paid someone to prepare your return, that individual

For each line, figure the percentage of your business income

must also provide a signature, date the return, and provide his or her

apportionable to Illinois that is distributable to the partner or

tax identification number. If the preparer is an employee or partner

shareholder based on the tax type indicated on the line item

of a firm or corporation, he or she must also provide the firm’s name,

(beneficiaries, partnerships, corporations, subchapter S corporations,

address, and instead of the preparer’s taxpayer identification number

or individuals) and write the percentage as a decimal on the

he or she must provide the firm’s FEIN. Self-employed preparers

appropriate line. Multiply the decimal by the amount on Line 1 and

must provide their own name, address, and preparer’s taxpayer iden-

multiply the result by the tax percentage indicated on the Form

tification number in the appropriate spaces.

IL-1000-X

What are the penalties and interest?

Do not include income distributable to partners, shareholders,

or beneficiaries for whom pass-through entity payments are not

Penalties — You will owe

required.

• a late-filing penalty if you do not file a processable return by the

original due date of your entity’s tax return;

Line 6 —

Add Lines 2 through 5 for Columns A and B, and write the

result here.

• a late-payment penalty if you do not pay the tax you owe by the

original due date of the return;

Line 7 —

If you are a partner, shareholder or beneficiary who has

• a bad check penalty if your remittance is not honored by your

been informed that pass-through entity payments have been made

financial institution.

on your behalf, you may make the election to use the payment

Interest is calculated on tax from the day after the original due date

amounts as credit toward the pass-through entity payments you are

required to make on Form IL-1000.

of your return through the date you pay the tax.

We will bill you for penalties and interest. For more information about

Write the amount of credit that you wish to use. Your credit amount

penalties and interest, see Publication 103, Penalties and Interest for

cannot be greater than the pass-through payment figured on Line 6.

Illinois Taxes.

You may not claim a credit on this line for any amount you

What if I need additional forms or assistance?

claimed as a credit on your original or amended Illinois income tax

return.

If you need additional forms,

If you have more credit available than is needed to meet your pass-

• visit our web site at tax.illinois.gov;

through payment obligation, you may take a credit for the remainder

• call our 24-hour Forms Order Line at 1 800 356-6302; or

of the pass-through entity payment made on your behalf on your an-

• write to us at P.O. Box 19010, Springfield, Illinois 62794-9010.

nual Illinois Income Tax return, and claim any overpayment.

If you need additional assistance,

Lines 8, 9, and 10 -

Follow the instructions on the form.

• visit our web site at tax.illinois.gov;

Lines 11 and 12 —

We will bill you for penalties and interest. If you

• call our Taxpayer Assistance Division, at 1 800 732-8866, or

prefer, you may calculate the penalties and interest you owe on Form

217 782-3336;

IL-2220, Computation of Penalties for Businesses, and write these

• call our TDD (telecommunications device for the deaf) at

amounts on the lines provided. For more information see “What are

1 800 544-5304; or

the penalties and interest?” and Publication 103, Penalties and Inter-

• write to us at P.O. Box 19044, Springfield, Illinois 62794-9044.

est for Illinois Taxes. If you calculate penalty and interest, be sure

Our office hours are 8:00 a.m. to 5:00 p.m., Monday through Friday.

that your payment is equal to the amount on Line 13.

Specific Instructions

Lines 11 and 12 are applicable only if you wish to self-

assess late-filing and late-payment penalties on Form IL-2220. If you

Column A -

Write the amounts from your most recently filed

do not wish to complete Form IL-2220, we will compute any penalty

return or as most recently adjusted for the year that you are

or interest due and notify you.

amending

Line 13 —

Follow the instructions on the form. Write the amount

Column B -

Write the correct amount for each line item in

from Line 13 in the box above Step 1 and pay that amount with Form

Column B. Attach an explanation for any change you make.

IL-1000-X.

IL-1000-X back (N-12/08)

Form Il-1000-X Draft - Amended Pass-Through Entity Payment Income Tax Return Page 2

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