Form Il-1120-St - Illinois Small Business Corporation Replacement Tax Return - 1998
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1
2Illinois Small Business
1998 IL-1120-ST
Corporation Replacement
Tax Return
or fiscal year beginning ____/____, 1998, ending ____/____, 19____
Due on or before the 15th day of the 3rd month following the close of the tax year.
Do not write above this line.
___________________________________________________________________
|___|___| - |___|___|___|___|___|___|___|
Place
Name
Federal employer identification number (FEIN)
___________________________________________________________________
Check applicable boxes:
label
C/O
Name or
First return
Final return
address change
___________________________________________________________________
here
Mailing address
If you checked final return, complete the questions
located at the end of this return.
___________________________________________________________________
City
State
ZIP
___ - _______________
Are you a member of a group filing as a unitary business?
yes
no If yes, write the FEIN of the member who will file Schedule UB:
Part I – Base income (loss)
Complete Part IA before completing Part I
1
1
Unmodified base income (loss) from Part IA, Line 5
____________|____
2
Additions (See specific instructions for Part I.)
a
2a
State, municipal, and other interest income excluded in arriving at Line 1 above
___________|____
b
2b
Illinois replacement tax deducted in arriving at Line 1 above
___________|____
c
2c
Other additions (specify:______________________________________________)
___________|____
3
3
Total additions. Add Lines 2a through 2c.
____________|____
4
4
Total income. Add Lines 1 and 3.
____________|____
5
Subtractions (See specific instructions for Part I.)
a
5a
Interest income from U.S. Treasury and federal agency obligations
___________|____
b
5b
Enterprise zone or foreign trade zone/sub-zone dividends from Schedule 1299-A
___________|____
c
5c
Enterprise zone contributions from Schedule 1299-A
___________|____
d
5d
Enterprise zone or high impact business interest from Schedule 1299-A
___________|____
e
5e
Expenses incurred in producing certain federally tax-exempt income (See instructions.)
___________|____
f
5 f
Other subtractions (specify: ___________________________________________)
___________|____
6
6
Total subtractions. Add Lines 5a through 5f.
____________|____
7
Base income (loss). Subtract Line 6 from Line 4.
If base income (loss) is derived solely inside Illinois, write this amount on Part II, Line 1a.
7
If base income (loss) is derived inside and outside Illinois, write this amount on Part III, Line 1.
____________|____
Part II – Net income (loss) and replacement tax
1 a
1a
Base income (loss) from Part III, Line 10, if applicable; otherwise, from Part I, Line 7
____________|____
a
Check this box if Line 1a is a loss and you are electing to forgo the Illinois NLD carryback period.
b
1b
Illinois net loss deduction (NLD). (Attach Schedule NLD, see instructions.)
____________|____
c
1c
Income after NLD. Subtract Line 1b from Line 1a (cannot be less than zero).
____________|____
2
2
Total base income from Part I, Line 7
___________|____
3
3
Divide Line 1a by Line 2. If Line 1a equals or exceeds Line 2, write “1.”
___________|____
4
4
Standard exemption. Multiply Line 3 by $1,000 (short year filers, see General Information).
____________|____
5
5
Net income. Subtract Line 4 from Line 1c.
____________|____
6 a
6a
Replacement tax. Multiply Line 5 by 1.5% (.015).
___________|____
b
6b
Recapture of investment credits from Schedule 4255. (See instructions.)
___________|____
7
7
Total replacement tax before investment credits. Add Lines 6a and 6b.
____________|____
8
8
Investment credits from Form IL-477, Part I, Line 9 (Attach Form IL-477, see instructions.)
____________|____
9
9
Net replacement tax. Subtract Line 8 from Line 7 (cannot be less than zero).
____________|____
10
10
Tax paid with Form IL-505-B. Include any 1997 overpayment credited to 1998 tax.
____________|____
11
11
Overpayment. Subtract Line 9 from Line 10.
____________|____
a
11a
Write the amount of overpayment to be credited to 1999.
___________|____
12
12
Tax due. Subtract Line 10 from Line 9. This is your balance of tax due (see instructions). Pay in full if $1 or more.
____________|____
Do not write in this box.
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.
( _____ ) _______________
Sign
________________________________________________/_____/____
Signature of authorized officer
Date
Phone
here
Check if self-
________________________________________________/_____/____
___________________________
employed
Signature of preparer
Date
Preparer’s Social Security number or firm’s FEIN
_________________________________ _________________________________________________ ( _____ ) ____________
Preparer firm’s name (or yours, if self-employed)
Address
Phone
Mail this return to: Illinois Department of Revenue, P.O. Box 19032, Springfield, IL 62794-9032
NS
TS
ME
ED
TF
FI
BS
XX
MA
MC
BD
LF
IM
JD
JM
JN
UR
US
AL______
DR__________
ID_______
IL-1120-ST front (R-12/98)
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