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Tax Return). For more information regarding combined return filers, see 86 Ill. Adm. Code Sections 100.5200 through 100.5280. Illinois separate unitary returns Illinois taxpayers that are S corporations and non-corporate members of a unitary business group do not file as part of the combined return.
2023 Corporate Income Tax Forms. To make a return or extension payment, use this voucher and Appendix A of Form IL-1120 Instructions. To make an estimated payment, use this voucher and Appendix B of Form IL-1120 Instructions. Important: Ensure the proper month and year of the filing period you wish to make a payment for is entered on the "Tax ...
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How do I file a unitary tax return in Illinois?
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Apr 14, 2015 · The unitary business principle originated in the United States in the 19th century with state property taxes and transcontinental railroad and express companies. The issue in those early cases was ...
• has net income or loss as defined under the Illinois Income Tax Act (IITA); or • is qualified to do business in the state of Illinois and is required. to. file a federal income tax return (regardless of net income or loss). Unitary filers — If you are a corporation that is a member of a unitary business group, see Illinois . Schedule UB ...
Print and review the Illinois Unitary Business Group income tax return. S Corporation and Partnership members must file a copy of the designated agent’s Schedule UB with their separate Forms IL-1120-ST and IL-1065 with combined amounts.
The Illinois Department of Revenue Dec. 1, 2021 released instructions for Schedule UB, for corporate income tax purposes. The purpose of Illinois Schedule UB, Combined Apportionment for Unitary Business Group, is to enable a unitary business group to determine the amount of its unitary business income that is attributable to Illinois. The ...
Jan 7, 2019 · On July 6, 2017, the Illinois Legislature enacted Public Act 100-0022 (SB9), which made a number of changes to the Illinois Income Tax Act (“IITA”), including repeal of the “non-combination rule”, which precluded a single combined return for members of a unitary business group (“UBG”) if one or more members of the UBG were required to apportion their business income under a ...
