Schedule Sa (Form Il-990-T) - Specific Accounting Method Of Computing Net Income For Exempt Organizations

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Illinois Department of Revenue
Specific Accounting Method
Tax year ending
Schedule SA (IL-990-T)
of Computing Net Income
______ ______
For tax years ending on or after January 1, 2015
for Exempt Organizations
Month
Year
Attach to Form IL-990-T as the first attachment.
Step 1:
Provide
your business information
A
B
Enter your complete legal business name as shown on Form IL-990-T.
Enter your federal employer identification no. (FEIN).
_______________________________________________________
___ ___ - ___ ___ ___ ___ ___ ___ ___
Name:
Step 2: Figure your base income or loss
A
B
Pre-1/1/15
Post-12/31/14
figures
figures
1
1
1
Unrelated business taxable income or loss. (IL-990-T, Line 1)
00
00
2
Illinois income and replacement tax and surcharge deducted in
2
2
arriving at Line 1. (IL-990-T, Line 2)
00
00
3
Base income or loss. Add Lines 1 and 2. (IL-990-T, Line 3)
If you did not complete Step 3 of your Form IL-990-T: Skip Step 3 below
and enter the amounts from Line 3 on Line 11.
3
3
If you completed Step 3 of your Form IL-990-T: Complete Step 3 below.
00
00
Step 3: Figure your apportionment factor
4
Business income or loss from non-unitary partnerships,
4
4
00
00
trusts, or estates. (IL-990-T, Line 4)
5
5
5
Business income or loss. Subtract Line 4 from Line 3. (IL-990-T, Line 5)
00
00
6
6
Enter the total sales everywhere. (IL-990-T, Line 6)
7
7
Enter the total sales within Illinois. (IL-990-T, Line 7)
8
Apportionment factor.
Divide Line 7 by Line 6 and carry to
8
six decimal places. (IL-990-T, Line 8)
9
Business income or loss apportionable to Illinois
9
9
Multiply Line 5 by Line 8, for each column. (IL-990-T, Line 9)
00
00
10
Non-unitary partnership, trusts, or estates business income
10
10
or loss apportionable to Illinois. (IL-990-T, Line 10)
00
00
Step 4: Figure your income tax
11
Net income or loss allocable to Illinois. (IL-990-T, Line 12)
If you skipped Step 3: Enter the amounts from Columns A and B, Line 3.
11
11
If you completed Step 3: For each column, add Lines 9 and 10.
00
00
12
If Column A, Line 11 is negative: enter zero in Column A, Line 12,
and enter in Column B, Line 12, the result of adding Column B, Line 11, plus
Column A, Line 11. If Column B, Line 12, is negative do not use this schedule.
If Column A, Line 11 is positive: enter Column A, Line 11, on Column A,
00
00
12
12
Line 12, and enter Column B, Line 11, on Column B, Line 12.
13
Tax.
Column A —
Corporations: Multiply Line 12 by 7% (.07).
Trusts: Multiply Line 12 by 5% (.05).
Column B —
Corporations: Multiply Line 12 by 5.25% (.0525).
13
13
Trusts: Multiply Line 12 by 3.75% (.0375).
00
00
14
Add Columns A and B, Line 13, and enter the total
14
00
here and on your Form IL-990-T, Line 19.
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
information is REQUIRED. Failure to provide information could result in a penalty.
Schedule SA (IL-990-T) (R-12/14)
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