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IL-1120-ST Instructions (R-06/18) Page 1 of 19 Illinois Department of Revenue IL-1120-ST Instructions 2017 What’s new for 2017? • Public Act 100-0022 increased the income tax rate during the 2017 tax year.You must use Schedule K-1-P(3) to calculate the correct amount of pass-through withholding you must withhold for your nonresident members. See Schedule K-1-P(1) and Informational Bulletin FY 2018-14 for more information. • Public Act 100-0022 has also retroactively restored the Research and Development Credit for tax years ending after December 31, 2015. See the Schedule 1299-A instructions for more information. • For tax years ending on or after December 31, 2017, the non- combination rule is eliminated. Unitary business groups will no longer exclude members who are ordinarily required to apportion business income under different subsections of Section 304. A separate Subgroup Schedule has been created for use by Financial Organization Subgroups, Regulated Exchange Subgroups, and Transportation Company Subgroups to assist in Schedule UB calculations. See Specific Instructions for Step 1, Line E. • A new checkbox has been added in Step 1 to indicate if a Subgroup Schedule is attached. See Schedule UB, Subgroup Schedule, and Specific Instructions for more information. • A change to the definition of “United States” will require unitary business groups to include members operating in any area over which the U.S. has asserted jurisdiction or claimed exclusive rights with respect to exploration for or exploitation of natural resources (i.e., the outer continental shelf). This does not include members operating in any territory or possession of the United States. • A new checkbox has been added in Step 1 to indicate business activity protected under Public Law 86-272. See Specific Instructions for more information. • For tax years ending on or after December 31, 2017, the Domestic Production Activities Deduction (DPAD) allowed under Section 199 of the Internal Revenue Code (IRC) must be added back to federal taxable income on Line 9 of Schedule M. • The Economic Development for a Growing Economy (EDGE)Tax Credit has been extended to tax years ending on or before June 30, 2022. See Schedule 1299-A Instructions for more information. • The Angel Investment Credit has been extended and may be claimed for tax years ending on or before December 31, 2021. See Schedule 1299-A Instructions for more information. • New Markets Credit has been extended to tax years ending on or before June 30, 2021. See Schedule 1299-A Instructions for more information. • The River Edge Historic Preservation Credit has been extended to tax years ending prior to January 1, 2022. The 2017 tax year will be the final tax year the five year credit carryforward can be earned. Any River Edge Historic Preservation credit claimed on a return filed for a 2018 or later tax year cannot be carried forward. See Schedule 1299-A Instructions for more information. • The Live Theater Production Tax Credit has been extended and may be claimed for tax years beginning prior to January 1, 2022. See Schedule 1299-A Instructions for more information. • Public Act 100-0587, commonly referred to as the FY2019 Budget Implementation Act, has retroactively extended the Hospital Credit until tax years ending on or before December 31, 2022. For taxpayers with a tax year beginning on or after June 14, 2017, you may now claim this credit. See Schedule 1299-A Instructions for more information. • An Other Credits Line has been added to Schedule 1299-A for credits which may be carried forward for five years but for which no specific line has been provided on Schedule 1299-A and which are allowed by the Illinois IncomeTax Act (IITA). See Schedule 1299-A Instructions for more information. • As a result of Public Act 99-0641, for taxable years beginning on or after January 1, 2017, any tax preparer who is paid to prepare an Illinois Business Income Tax return must sign and date the return, enter the preparer tax identification number (PTIN) issued to them by the Internal Revenue Service, and provide their firm’s name, address, and phone number. Form IL-1120-ST has been revised to enable paid preparers to provide this information. • Due to federal Public Law 115-97, IRC Section 965 net income (Section 965(a) amount less Section 965(c) deduction) must be included on your return. For more information, see Specific Instructions for Step 2, Lines 6 and 11. Atach a copy of the IRC 965 Transition Tax Statement to your IL-1120-ST. If you are filing electronically you may submit the Statement by email to [email protected] as a Portable Document Format (.pdf) file with a filename and subject of “965 Tax”. IRC Section 965 net income qualifies for the foreign dividend subtraction modification under IITA Section 203(b)(2)(O) and is reported on Line 25 of Schedule M. Line 33 of Schedule is no longer applicable. Any IRC Section 965 income or deduction passed through to shareholders must be identified by attaching a statement to Schedule K-1-P. Use for tax year ending on or after December 31, 2017, and before December 31, 2018. Printed by authority of the State of Illinois -Web Only-1 General Information Who must file Form IL-1120-ST? You must file Form IL-1120-ST if you are a small business corporation (“S corporation”), as defined in Internal Revenue Code (IRC) Section 1361(a), that • 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 U.S. Form 1120S (regardless of net income or loss). If you own a Qualified Subchapter S Subsidiary (QSSS) defined in IRC Section 1361(b)(3), as well as any other entity that is disregarded as an entity separate from you for purposes of the IRC, it is likewise disregarded as a separate entity for purposes of the IITA. You must include all items of income, deduction, loss, credit, etc., from such entities on your return as if they were earned or incurred by you directly. If you are an S corporation that is a member of a unitary business group, see the instructions for Illinois Schedule UB, Combined Apportionment for Unitary Business Group, and “What if I am a member of a unitary group?” in the general instructions below for information about filing requirements. S corporations may be required to apportion their business income as members of a unitary group, but cannot file a combined return. What forms must I use? In general, you must obtain and use forms prescribed by the Illinois Department of Revenue. Separate statements not on forms provided or approved by the Department will not be accepted and you will

2017 IL-1120-ST Instructions · Estimated tax payments — Small business corporations are not required to make estimated tax payments. You may, however, use Form IL-516-I and Form

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Page 1: 2017 IL-1120-ST Instructions · Estimated tax payments — Small business corporations are not required to make estimated tax payments. You may, however, use Form IL-516-I and Form

IL-1120-ST Instructions (R-06/18) Page 1 of 19

Illinois Department of Revenue

IL-1120-ST Instructions 2017What’s new for 2017?

• PublicAct100-0022increasedtheincometaxrateduringthe2017taxyear.YoumustuseScheduleK-1-P(3)tocalculatethecorrectamountofpass-throughwithholdingyoumustwithholdforyournonresidentmembers.SeeScheduleK-1-P(1)andInformationalBulletinFY2018-14formoreinformation.• PublicAct100-0022hasalsoretroactivelyrestoredtheResearchandDevelopmentCreditfortaxyearsendingafterDecember31,2015.SeetheSchedule1299-Ainstructionsformoreinformation.• FortaxyearsendingonorafterDecember31,2017,thenon-combinationruleiseliminated.UnitarybusinessgroupswillnolongerexcludememberswhoareordinarilyrequiredtoapportionbusinessincomeunderdifferentsubsectionsofSection304.AseparateSubgroupSchedulehasbeencreatedforusebyFinancialOrganizationSubgroups,RegulatedExchangeSubgroups,andTransportationCompanySubgroupstoassistinScheduleUBcalculations.SeeSpecificInstructionsforStep1,LineE.

• AnewcheckboxhasbeenaddedinStep1toindicateifaSubgroupScheduleisattached.SeeScheduleUB,SubgroupSchedule,andSpecificInstructionsformoreinformation.• Achangetothedefinitionof“UnitedStates”willrequireunitarybusinessgroupstoincludemembersoperatinginanyareaoverwhichtheU.S.hasassertedjurisdictionorclaimedexclusiverightswithrespecttoexplorationfororexploitationofnaturalresources(i.e.,theoutercontinentalshelf).ThisdoesnotincludemembersoperatinginanyterritoryorpossessionoftheUnitedStates.• AnewcheckboxhasbeenaddedinStep1toindicatebusinessactivityprotectedunderPublicLaw86-272.SeeSpecificInstructionsformoreinformation.• FortaxyearsendingonorafterDecember31,2017,theDomesticProductionActivitiesDeduction(DPAD)allowedunderSection199oftheInternalRevenueCode(IRC)mustbeaddedbacktofederaltaxableincomeonLine9ofScheduleM.• TheEconomicDevelopmentforaGrowingEconomy(EDGE)TaxCredithasbeenextendedtotaxyearsendingonorbeforeJune30,2022.SeeSchedule1299-AInstructionsformoreinformation.• TheAngelInvestmentCredithasbeenextendedandmaybeclaimedfortaxyearsendingonorbeforeDecember31,2021.SeeSchedule1299-AInstructionsformoreinformation.• NewMarketsCredithasbeenextendedtotaxyearsendingonorbeforeJune30,2021.SeeSchedule1299-AInstructionsformoreinformation.

• TheRiverEdgeHistoricPreservationCredithasbeenextendedtotaxyearsendingpriortoJanuary1,2022.The2017taxyearwillbethefinaltaxyearthefiveyearcreditcarryforwardcanbeearned.AnyRiverEdgeHistoricPreservationcreditclaimedonareturnfiledfora2018orlatertaxyearcannotbecarriedforward. SeeSchedule1299-AInstructionsformoreinformation.• TheLiveTheaterProductionTaxCredithasbeenextendedandmaybeclaimedfortaxyearsbeginningpriortoJanuary1,2022.SeeSchedule1299-AInstructionsformoreinformation.• PublicAct100-0587,commonlyreferredtoastheFY2019BudgetImplementationAct,hasretroactivelyextendedtheHospitalCredituntiltaxyearsendingonorbeforeDecember31,2022.FortaxpayerswithataxyearbeginningonorafterJune14,2017,youmaynowclaimthiscredit.SeeSchedule1299-AInstructionsformoreinformation.• AnOtherCreditsLinehasbeenaddedtoSchedule1299-AforcreditswhichmaybecarriedforwardforfiveyearsbutforwhichnospecificlinehasbeenprovidedonSchedule1299-AandwhichareallowedbytheIllinoisIncomeTaxAct(IITA).SeeSchedule1299-AInstructionsformoreinformation.• AsaresultofPublicAct99-0641,fortaxableyearsbeginningonorafterJanuary1,2017,anytaxpreparerwhoispaidtoprepareanIllinoisBusinessIncomeTaxreturnmustsignanddatethereturn,enterthepreparertaxidentificationnumber(PTIN)issuedtothembytheInternalRevenueService,andprovidetheirfirm’sname,address,andphonenumber.FormIL-1120-SThasbeenrevisedtoenablepaidpreparerstoprovidethisinformation.• DuetofederalPublicLaw115-97,IRCSection965netincome(Section965(a)amountlessSection965(c)deduction)mustbeincludedonyourreturn.Formoreinformation,seeSpecificInstructionsforStep2,Lines6and11.AtachacopyoftheIRC965TransitionTaxStatementtoyourIL-1120-ST.IfyouarefilingelectronicallyyoumaysubmittheStatementbyemailtorev.BitSupplemental@illinois.govasaPortableDocumentFormat(.pdf)filewithafilenameandsubjectof“965Tax”.IRCSection965netincomequalifiesfortheforeigndividendsubtractionmodificationunderIITASection203(b)(2)(O)andisreportedonLine25ofScheduleM.Line33ofScheduleisnolongerapplicable.AnyIRCSection965incomeordeductionpassedthroughtoshareholdersmustbeidentifiedbyattachingastatementtoScheduleK-1-P.

Use for tax year ending on or after December 31, 2017, and before December 31, 2018.

PrintedbyauthorityoftheStateofIllinois-WebOnly-1

General InformationWho must file Form IL-1120-ST?YoumustfileFormIL-1120-STifyouareasmallbusinesscorporation(“Scorporation”),asdefinedinInternalRevenueCode(IRC)Section1361(a),that• hasnetincomeorlossasdefinedundertheIllinoisIncomeTaxAct(IITA);or

• isqualifiedtodobusinessinthestateofIllinoisandisrequiredtofileU.S.Form1120S(regardlessofnetincomeorloss).

IfyouownaQualifiedSubchapterSSubsidiary(QSSS)definedinIRCSection1361(b)(3),aswellasanyotherentitythatisdisregardedasanentityseparatefromyouforpurposesoftheIRC,itislikewisedisregardedasaseparateentityforpurposesoftheIITA.Youmustincludeallitemsofincome,deduction,loss,credit,etc.,

fromsuchentitiesonyourreturnasiftheywereearnedorincurredbyyoudirectly.IfyouareanScorporationthatisamemberofaunitarybusinessgroup,seetheinstructionsforIllinoisScheduleUB,CombinedApportionmentforUnitaryBusinessGroup,and“WhatifIamamemberofaunitarygroup?”inthegeneralinstructionsbelowforinformationaboutfilingrequirements.Scorporationsmayberequiredtoapportiontheirbusinessincomeasmembersofaunitarygroup,butcannotfileacombinedreturn.

What forms must I use?Ingeneral,youmustobtainanduseformsprescribedbytheIllinoisDepartmentofRevenue.SeparatestatementsnotonformsprovidedorapprovedbytheDepartmentwillnotbeacceptedandyouwill

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beaskedforappropriatedocumentation.Failure to comply with this requirement may result in failure to file penalties, a delay in the processing of your return, or a delay in the generation of any overpayment.Additionally,failuretosubmitappropriatedocumentationwhenrequestedmayresultinareferraltoourAuditBureauforcomplianceaction.S corporations must complete Form IL-1120-ST. Donotsendacomputerprintoutwithlinenumbersanddollaramountsattachedtoablankcopyofthereturn.Computergeneratedprintoutsarenotacceptable,eveniftheyareinthesameformatastheDepartment’sforms.ComputergeneratedformsfromaDepartment-approvedsoftwaredeveloperareacceptable.

FormIL-1120-ST(R12/17)isfortaxyearendingonorafterDecember31,2017,andbeforeDecember31,2018.FortaxyearendingbeforeDecember31,2017,usethe2016form.Usingthewrongformwilldelaytheprocessingofyourreturn.

How do I register my business?IfyouarerequiredtofileFormIL-1120-ST,youshouldregisterwiththeIllinoisDepartmentofRevenue.Youmayregister• onlinewithMyTaxIllinois,ourfreeonlineaccountmanagementprogramfortaxpayers;

• bycompletingFormREG-1,IllinoisBusinessRegistrationApplication,andmailingittotheaddressontheform;or

• byvisitingaregionaloffice.Visitourwebsiteattax.illinois.govformoreinformation.RegisteringwiththeIllinoisDepartmentofRevenue(IDOR)prior to filing your returnensuresthatyourtaxreturnsareaccuratelyprocessed.YouridentificationnumbersasanIllinoisbusinesstaxpayerareyourfederalemployeridentificationnumber(FEIN)andyourIllinoisaccountnumber.

When should I file?YourIllinoisfilingduedateisthesameasyourfederalfilingduedate.Ingeneral,FormIL-1120-STisdueonorbeforethe15thdayofthe3rd monthfollowingthecloseofthetaxyear.Automatic seven-month extension —Wegrantyouanautomaticseven-monthextensionoftimetofileyoursmallbusinesscorporatetaxreturn.YouarenotrequiredtofileFormIL-505-B,AutomaticExtensionPayment,inordertoobtainthisautomaticextension.However,ifyouexpecttaxtobedue,youmustuseFormIL-505-Btopayanytentativetaxdueinordertoavoidinterestandpenaltyontaxnotpaidbytheoriginalduedateofthereturn.AnextensionoftimetofileyourFormIL-1120-STisnotanextensionoftimeforpaymentofIllinoistax.Additional extensions beyond the automatic extension period — Wewillgrantanextensionofmorethansevenmonthsonly ifanextensionisgrantedbytheInternalRevenueService(IRS)beyondthedateoftheIllinoisautomaticextension.YouradditionalIllinoisextensionwillbeequaltothefederalextension,plusonemonth.YoumustattachacopyoftheapprovedfederalextensiontoyourFormIL-1120-ST.

When should I pay?Payment of tax —YoumustpayyourIllinoisReplacementTaxandpass-throughwithholdingreportedonbehalfofyourmembersinfullonorbeforetheoriginalduedateofthereturn.Thispaymentdateapplieseventhoughanautomaticextensionforfilingyourreturnhasbeengranted.Estimated tax payments —Smallbusinesscorporationsarenotrequiredtomakeestimatedtaxpayments.Youmay,however,useFormIL-516-IandFormIL-516-B,Pass-throughPrepaymentVouchers,tomakevoluntaryprepaymentsfortax years ending on or after December 31, 2014.FormIL-1000,

Pass-throughEntityPaymentIncomeTaxReturn,andFormIL-1023-C,CompositeIncomeandReplacementTaxReturn,havebeeneliminatedfortaxyearsendingonorafterDecember,31,2014,andtheamountsthatwouldhavebeenreportedontheseformsmustbe• reportedonyourFormIL-1120-STandScheduleB,and• paidonyourFormIL-1120-STorFormIL-505-B.FormIL-516-IandFormIL-516-Ballowyoutovoluntarilyprepayyourowntaxliabilityaswellasmakepass-throughentityprepaymentsonbehalfofyourpartnersorshareholders.

DonotuseFormIL-1120-ES,EstimatedIncomeandReplacementTaxPaymentsforCorporations,tomakevoluntaryprepayments.

Who should sign the return?YourFormIL-1120-STmustbesignedbythepresident,vicepresident,treasurer,oranyotherofficerdulyauthorizedtosignthereturn.Inthecaseofabankruptcy,areceiver,trustee,orassigneemustsignanyreturnrequiredtobefiledonbehalfofthecorporation.Thesignatureverifiesbywrittendeclaration(andunderpenaltiesofperjury)thatthesigningindividualhaspersonallyexaminedthereturnandthereturnistrue,correct,andcomplete.Thefactthatanindividual’snameissignedtoareturnisprimafacieevidencethattheindividualisauthorizedtosignthereturnonbehalfofthe corporation.Anypersonpaidtopreparethereturn(otherthanaregular,full-timeemployeeofthetaxpayer,suchasaclerk,secretary,orbookkeeper)mustprovideasignature,datethereturn,enterthepreparertaxidentificationnumber(PTIN)issuedtothembytheInternalRevenueService,andprovidetheirfirm’sname,address,andphonenumber.

Ifyourreturnisnotsigned,anyoverpaymentoftaxisconsideredforfeitedif,afternoticeanddemandforsignature,youfailtoprovideasignaturewithinthreeyearsfromthedateyourreturnwasfiled.

What are the penalties and interest?Penalties —Youwillowe• a late-filing penaltyifyoudonotfileaprocessablereturnbytheextendedduedate;

• a late-payment penaltyifyoudonotpaythetaxyouowebytheoriginalduedateofthereturn;

• a bad check penaltyifyourremittanceisnothonoredbyyourfinancialinstitution;

• a cost of collection feeifyoudonotpaytheamountyouowewithin30daysofthedateprintedonyourbill.

Interest —Interestiscalculatedontaxfromthedayaftertheoriginalduedateofyourreturnthroughthedateyoupaythetax.Wewillbillyouforpenaltiesandinterest.Formoreinformationaboutpenaltiesandinterest,seePublication103,PenaltiesandInterestforIllinoisTaxes,availableattax.illinois.gov.

What if I am discontinuing my business?Liquidation, withdrawal from Illinois, or loss of charter — Ifyouareacorporationthatisliquidated,withdrawseithervoluntarilyorinvoluntarilyfromIllinois,orinanymannersurrendersorlosesyourcharterduringanytaxyear,youarestillrequiredtofiletaxreturns.Also,wewillpursuetheassessmentandcollectionoftaxesowedbyyouoryourshareholders.Sales or transfers — Ifyouareacorporationthat,outsidetheusualcourseofbusiness,sellsortransfersthemajorpartofanyoneormoreof• thestockofgoodswhichyouareinthebusinessofselling,• thefurnitureorfixturesofyourbusiness,• themachineryandequipmentofyourbusiness,or• therealpropertyofyourbusiness,

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IL-1120-ST Instructions (R-06/18) Page3of19

youorthepurchasermustcompleteandsendusFormCBS-1,NoticeofSale,Purchase,orTransferofBusinessAssets,nolaterthan10daysafterthedatethesaletookplace.Mailthisform,alongwithcopiesofthesalescontractandfinancingagreement,to: ILLINOIS DEPARTMENT OF REVENUE BULK SALES UNIT 100 WEST RANDOLPH, Level 7-400 CHICAGO IL 60601Or ILLINOIS DEPARTMENT OF REVENUE BULK SALES UNIT PO BOX 19035 SPRINGFIELD IL 62794-9035Request for prompt determination — Youmaymakearequestforpromptdeterminationofliability,inaccordancewithIITA35ILCS5/905(i),ifyouareacorporationintheprocessofdissolution.Acompletedtaxreturnmustbeonfilewithusbeforeyoucansubmitarequestforpromptdetermination.Donotsubmityourreturnandrequestatthesametime.Mailyourinitialreturntotheaddressindicatedontheform.Youshouldallow12weeksforprocessing.Ifyourrequestisproperlymade,theexpirationofthestatuteoflimitations(absentfraud)willnotextendbeyond18monthsfromthedateofyourrequest.Mailyourrequestandacopyofyourpreviouslysubmittedreturnto: ILLINOIS DEPARTMENT OF REVENUE PO BOX 19044 SPRINGFIELD IL 62794-9044

Theproceduredescribedabovedoesnotapplyto11U.S.CodeSection505DeterminationofTaxLiabilityrequests.

What if I need to correct or change my return?Do not fileanotherFormIL-1120-STwith“amended”figurestochangeyouroriginallyfiledFormIL-1120-ST.Ifyouneedtocorrectorchangeyourreturnafterithasbeenfiled,youmustfileFormIL-1120-ST-X,AmendedSmallBusinessReplacementTaxReturn.Returnsfiledbeforetheextendedduedateofthereturnaretreatedasyouroriginalreturnforallpurposes.Formoreinformation,seeFormIL-1120-ST-Xinstructions.YoushouldfileFormIL-1120-ST-XonlyafteryouhavefiledaprocessableIllinoisIncomeTaxreturn.YoumustfileaseparateFormIL-1120-ST-Xforeachtaxyearyouwishtochange.State changes only —FileFormIL-1120-ST-XpromptlyifyoudiscoveranerroronyourIllinoisreturnthatdoesnotrelatetoanerroronyourfederalreturnbutratherwascausedby• amistakeintransferringinformationfromyourfederalreturntoyourIllinoisreturn;

• failingtoreportormisreportingtoIllinoisanitemthathasnoeffectonyourfederalreturn;or

• amistakeinanotherstate’staxreturnthataffectsthecomputationofyourIllinoistaxliability.

Ifyouareclaiminganoverpayment,FormIL-1120-ST-Xmustbefiledwithinthreeyearsaftertheextendedduedateorthedatethereturnwasfiled,orwithinoneyearafterthetaxgivingrisetotheoverpaymentwaspaid,whicheverislatest.Federal changes only —FileFormIL-1120-ST-XifyouhavefiledanamendedfederalreturnorifyouhavebeennotifiedbytheIRSthattheyhavemadechangestoyourreturn.Thisincludesanychangeinyourfederalincometaxliability,anytaxcredit,orthecomputationofyourfederaltaxableincomeasreportedforfederalincometaxpurposes,ifthechangeaffectsanyitementeringintothecomputationofnetincome,netloss,oranycreditforanyyearundertheIITA.YoumustfileFormIL-1120-ST-Xnolaterthan120daysafterthefederalchangeshavebeenagreedtoorfinallydeterminedtoavoidalate-paymentpenalty.

IfyourfederalchangedecreasesthetaxduetoIllinoisandyouareentitledtoarefundorcreditcarryforward,youmustfileFormIL-1120-ST-Xwithintwoyearsplus120daysoffederalfinalization.AttachacopyoffederalfinalizationorproofofacceptancefromtheIRSalongwithacopyofyouramendedfederalform,ifapplicable,toyourFormIL-1120-ST-X.Examplesoffederalfinalizationincludeacopyofoneormoreofthefollowingitems:• yourauditreportfromtheIRS• yourfederalrecordofaccountverifyingyourordinarybusinessincome

What records must I keep?YoumustmaintainbooksandrecordstosubstantiateanyinformationreportedonyourFormIL-1120-ST.Yourbooksandrecordsmustbeavailableforinspectionbyourauthorizedagents andemployees.

Do the IDOR and the IRS exchange income tax information?TheIDORandtheIRSexchangeincometaxinformationforthepurposeofverifyingtheaccuracyofinformationreportedonfederalandIllinoistaxreturns.AllamountsyoureportonFormIL-1120-STaresubjecttoverificationandaudit.

Should I round?YoumustroundthedollaramountsonFormIL-1120-STandaccompanyingschedulestowhole-dollaramounts.Todothis,youshoulddropanyamountlessthan50centsandincreaseanyamountof50centsormoretothenexthigherdollar.

What if I have an Illinois net loss deduction (NLD)?UsetheversionoftheScheduleNLD,IllinoisNetLossDeduction,ortheScheduleUB/NLD,UnitaryIllinoisNetLossDeduction,whichcorrespondstoyourtaxyear.Youmustfileyourreturnforthelossyearandforeachinterveningyearinordertoestablishtheamountofyourdeduction.IfyouhaveanIllinoisNLDfromanylossyearendingonorafterDecember31,1986,itissubtractedfromandlimitedtoyourbaseincomeallocabletoIllinois.Todetermineyour“Illinoisnetloss”startwithfederalordinaryincomeplusseparatelystateditems,andapplyalladditionandsubtractionmodificationsandallallocationandapportionmentprovisions.IllinoisnetlossesincurredintaxyearsendingonorafterDecember31,2003,mayonlybecarriedforward12years.IfyouarecarryingforwardanIllinoisNLD,youmustcompleteIllinoisScheduleNLD,IllinoisNetLossDeduction,andclaimthedeductiononStep7,Line50.IfyouhaddischargeofindebtednessincomeforataxableyearendingonorafterDecember31,2008,andalloraportionofthisincomewasexcludedfromyourfederalgrossincomeduetobankruptcyorinsolvency,thenyoumayberequiredtoreduceanyIllinoisnetlossyouincurredforthatyearbeforeyoudetermineanIllinoisNLD.SeetheStep7InstructionsandScheduleNLDorUB/NLDformoreinformation.IfyouhaveanIllinoisnetlossforthistaxyear,youmustfileFormIL-1120-STreportingthelossinordertocarrythelossforwardtoanotheryear.Ifyouneedmoreinformation,seetheScheduleNLDinstructions,orIllinoisIncomeTaxRegulations,Sections100.2050and100.2300through100.2330,availableonourwebsiteattax.illinois.gov.

What attachments do I need?WhenfilingyourreturntherearecertaintypesofincomeitemsandsubtractionmodificationsthatrequiretheattachmentofIllinoisorfederalformsandschedules.Breakdowns,statements,

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andotherdocumentationmayalsoberequired.Instructionsfortheseattachmentsappearthroughoutthespecificinstructionsforcompletingyourreturn.

AllIllinoisformsandschedulesincludean“IL Attachment No.”intheupperrightcorneroftheform.Requiredattachmentsshouldbeorderednumericallybehindthetaxreturn,asindicatedbytheILAttachmentNo.Failuretoattachformsandschedulesintheproperordermayresultinprocessingdelays.Requiredcopiesofdocumentationfromyourfederalreturnorothersourcesshouldbeattachedbehind the completed Illinois return.All taxpayers, including unitary business groups, must attach a copy of your U.S. Form 1120S, Pages 1 through 5, to your Illinois return. ScheduleB,Partners’orShareholders’Information,musttobecompletedandattachedtoallFormIL-1120-STfilings.IfyouarerequiredtoattachanySchedule(s)K-1-P,Partner’sorShareholder’sShareofIncome,Deductions,Credits,andRecapture,onlyattachSchedule(s)K-1-Pyou receivedwhichlistsyournameandFEINinStep2ofScheduleK-1-P.Do notattachcopiesofSchedule(s)K-1-Pyou issuedandwhichlistsyournameandFEINinStep1ofScheduleK-1-P.

WhenfilingyourFormIL-1120-ST,includeonlyformsandschedulesrequiredtosupportyourreturn.Sendcorrespondenceseparatelyto: ILLINOIS DEPARTMENT OF REVENUE TAXPAYER CORRESPONDENCE PO BOX 19044 SPRINGFIELD IL 62794-9044

Definitions to help you complete your Form IL-1120-ST.Allreferencesto“income”includelosses.Base incomemeansfederalordinaryincomemodifiedbyadditionsandsubtractionsasshowninSteps2through5ofFormIL-1120-ST.SeespecificinstructionsforSteps2through5.Business incomemeansallincome(otherthancompensation)thatmaybeapportionedbyformulaamongthestatesinwhichyouaredoingbusinesswithoutviolatingtheConstitutionoftheUnitedStates.Allincomeofacorporationisbusinessincomeunlessitisclearlyattributabletoonlyonestateandisearnedorreceivedthroughactivitiestotallyunrelatedtoanybusinessyouareconductinginmorethanonestate.Businessincomeisnetofalldeductionsattributabletothatincome.Mostincomeofacorporationisregardedasbusinessincome.Consequently,inthecaseofacorporationotherthanapersonalholdingcompany,theconsistenttreatmentofincomefromintangiblesasbusinessincomeinfilingIllinoistaxreturnswillbepresumedcorrect.Commercial domicilemeanstheprincipalplacefromwhichyourtradeorbusinessisdirectedormanaged.Nonbusiness incomemeansallincomeotherthanbusinessincomeorcompensation.Formoreinformationaboutthedifferenttypesofnonbusinessincome,seetheinstructionsforIllinoisScheduleNB,NonbusinessIncome.Apass-through entityisanyentitytreatedasapartnership,subchapterScorporation,ortrustforfederalincometaxpurposes.Pass-through entity income istheincomethatanypartnership,subchapterScorporation,ortrustpassesthroughtoitspartners,shareholders,orbeneficiaries.Pass-through withholding paymentsarepaymentsrequiredtobereportedandpaidbythepass-throughentityonbehalfofitsnonresidentpartners,shareholders,andbeneficiaries• whohavenotsubmittedFormIL-1000-E,CertificateofExemptionforPass-throughWithholdingPayments,tothe

pass-throughentity,and• whoreceivebusinessandnonbusinessincomefromthepass-throughentity.

Pass-throughwithholdingpaymentsare• reportedtoyourshareholdersontheScheduleK-1-Pyousendtothem,

• reportedtotheDepartmentonyourFormIL-1120-STandIllinoisScheduleB,and

• paidwithyourreturn,withFormIL-505-B,orvoluntarilyprepaidwithFormIL-516-IorFormIL-516-B.

Ifanyofyourshareholdersarepass-throughentitiesthemselves,theyarerequiredtoreportandpaypass-throughwithholdingpaymentsonbehalfoftheirownnonresidentpartners,shareholders,orbeneficiariesontheincomeyoupassedthrough.YourshareholdersmayclaimacreditontheirIllinoisIncomeTaxreturnforpass-throughpaymentsyoureportedandpaidontheirbehalf.

FortaxyearsendingbeforeDecember31,2014,pass-throughwithholdingpaymentswereknownas“pass-throughentitypayments”or“compositereturnpayments”andwerereportedonFormIL-1000orFormIL-1023-Crespectively.Scorporationscanbothmakeandreceivepass-throughwithholdingpayments.• Pass-through withholding payments you owe on behalf of

your membersarepass-throughwithholdingpaymentsyou makeonbehalfofyournonresidentshareholderswhohavenotsubmittedFormIL-1000-Etoyou.ThisamountwillbereportedonFormIL-1120-ST,Line58.

• Pass-through withholding payments reported to youarecreditsforpass-throughwithholdingpaymentsyou receive onSchedulesK-1-PandK-1-Tasapartner,shareholder,orbeneficiaryofapass-throughentity.ThisamountwillbereportedonFormIL-1120-ST,Line60c.

Ifyouareanonresidentandthepass-throughwithholdingpaymentsreportedtoyousatisfyyourIllinoisIncomeTaxliability,youarenotrequiredtofileanIllinoisIncomeTaxreturn.IfyouhadIllinoisincomefromothersourcesandthepaymentsmadeonyourbehalfdonotcoveryourliability,youmustfileareturntoreportthetaxonallofyourIllinoisincomeandclaimacreditforpass-throughwithholdingpaymentsmadeonyourbehalf.Allresidentsandpass-throughentitiesmustfiletheirownannualIllinoisIncomeTaxreturnandclaimacreditforanypass-throughwithholdingpaymentsreportedtothem.

What does taxable in other states mean?Taxableinotherstatesmeansyouaresubjecttoandpay“tax”inanotherstate.“Tax”includesnetincometax,franchisetaxmeasuredbynetincome,franchisetaxfortheprivilegeofdoingbusiness,andcorporatestocktax.Youareconsideredtaxableinanotherstateifthatstatehasjurisdictiontosubjectyoutoanetincometax,eventhoughthatstatedoesnotimposesuchatax.ThisdefinitionisforpurposesofallocatingnonbusinessincomeandapportioningbusinessincomeinsideoroutsideIllinois.

When must I use Illinois Schedules K-1-P, K-1-P(3), and B?Youmustuse Illinois Schedule K-1-Ptosupplyeachshareholderwiththatindividual’sorentity’sshareoftheamountsreportedonyourfederalandIllinoistaxreturns.ForIllinoisIncomeTaxpurposes,youmustgiveacompletedIllinoisScheduleK-1-Pandacopyofthe Illinois Schedule K-1-P(2),Partner’sandShareholder’sInstructions,toeachshareholder.Do not file copies of Illinois Schedule K-1-P that you issue to your shareholders with your Form IL-1120-ST.However,youmustkeepacopyofeachIllinoisScheduleK-1-Pwithyourtaxrecords.SeeIllinoisScheduleK-1-P(1),Instructionsfor

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PartnershipsandSCorporationsCompletingScheduleK-1-PandScheduleK-1-P(3),formoreinformation.Youmustuse Illinois Schedule K-1-P(3),Pass-throughWithholdingCalculationforNonresidentMembers,tocalculatetherequiredtaxyoumustreportandpayonbehalfofyournonresidentshareholderswhoreceivebusinessornonbusinessincomefromyourScorporation..YoumustcompletethescheduleifyouhavebusinessornonbusinessincomedistributabletoIllinoisnonresidentshareholderswhohavenotprovidedyouwithFormIL-1000-E,CertificateofExemptionforPass-throughWithholdingPayments.YouarerequiredtocompleteScheduleK-1-P(3)foreachsuchshareholderandkeepacopyofthecompletedscheduleinyourfiles.Do not submit Schedule K-1-P(3) to the Department unless we request it from you. TheinformationenteredonthisschedulewillassistyouincompletingIllinoisScheduleB.SeeScheduleK-1-P(1)formoreinformation.YoumustuseIllinois Schedule B tosupplyuswithalistingofyourshareholders,certainitemsofincomeandcreditstheyreceivedfromyou,andpass-throughwithholdingpaymentsyoumadeontheirbehalf.Youmust completealllinesofIllinoisScheduleB,asapplicable,and fileitwithyourFormIL-1120-ST.

What if I am a member of a unitary group?IfanScorporationis• unitarywithacombinedgroupandusesthesametaxableyearasthecombinedgroup,itshouldusetheScheduleUBpreparedbythecombinedgroupincompletingitsFormIL-1120-ST;

• unitarywithacombinedgroup,butitusesadifferenttaxableyear,itmustcompleteaScheduleUBusingitsowntaxableyear;or,

• notunitarywithagroupfilingacombinedreturn,itmustcompleteitsownScheduleUBusingitsowntaxableyear.

UnitarymembersthatareScorporationscanusethelinereferencechartintheScheduleUBinstructionstohelpcomplete2017FormIL-1120-ST.Steps2and3ofeachseparatelyfiledFormIL-1120-STmustbecompletedshowingonlytheScorporation’sseparate-companyitems.Theamountsoneachmember’sFormIL-1120-ST,Lines14through21(lessLine20)andLines23through33(lessLine24),shallbethecombinedtotalsshownonScheduleUB,Step3,ColumnE.

ThemodificationsforFormIL-1120-STLines20and24arenotincludedasmodificationsontheScheduleUB.TheamountonFormIL-1120-ST,Lines20or24mustbecomputedontheIllinoisScheduleB,ColumnEWorksheet,foundintheseinstructions.CarrythecombinedtotalamountsfromScheduleUB,Step3,ColumnEforeachlineitemoftheColumnEWorksheet.

UsetheLine20andLine24amountstocomputetheScorporation’sbaseincomeonFormIL-1120-ST,Step5,Line35.ChecktheboxonFormIL-1120-ST,Step5,Line35BandcompleteFormIL-1120-ST,Step6bysubtracting

• onLine36,thecombinednonbusinessincomeoftheentireunitarybusinessgroup,minustheportionallocabletoshareholderssubjecttoreplacementtax,and

• onLine37,theamountreceivedbytheentireunitarybusinessgroupfromnon-unitarypartnerships,partnershipsincludedontheScheduleUB,Scorporations,trusts,andestates,minustheportionallocabletoshareholderssubjecttoreplacementtax.

OnFormIL-1120-ST,Step6,Line40,includetheeverywheresalesamountfromScheduleUB,Step4,ColumnD,Line2.OnLine41

ofStep6ofFormIL-1120-ST,includeonlytheScorporation’sIllinoissales.OnFormIL-1120-ST,Step6,Lines44and45,includeonlythenonbusinessincomeoftheScorporation,andthebusinessincomeorlossapportionabletoIllinoisreceivedbytheScorporationfromtrusts,estates,non-unitarypartnerships,partnershipsincludedontheScheduleUB,andScorporationsminustheportionofthoseamountsallocabletoshareholderssubjecttoreplacementtax.

SchedulesusedtocomputeanyamountsshownmustbeattachedtoFormIL-1120-ST.

Ifyouneedmoreinformation,visitourwebsiteat tax.illinois.govandviewtheIllinoisIncomeTaxRegulationsreferencedintheseandtheScheduleUBinstructions.

May I file a composite return or pass-through entity payment return for nonresident shareholders?No.Youmaynotfileacompositereturnorpass-throughentitypaymentreturnforanynonresidentmembersthathaveincomefromyourScorporation.FormIL-1023-CandFormIL-1000havebeeneliminatedfortaxyearsendingonorafterDecember31,2014.Do notfileFormIL-1000orIL-1023-CfortaxyearsendingonorafterDecember31,2014.TheamountsthatwouldhavebeenreportedonbehalfofyourmembersontheseformsmustbereportedonyourFormIL-1120-STandScheduleB.SeeScheduleBinstructionsformoreinformation.

What if I participated in a reportable transaction?

Ifyouparticipatedinareportabletransaction,includinga“listedtransaction,”duringthistaxyearandwererequiredtodisclosethattransactiontotheIRS,youarealsorequiredtodisclosethatinformationtoIllinois.YoumustsendustwocopiesoftheformyouusedtodisclosethetransactiontotheIRS.

• Mailthefirstcopyofthefederaldisclosurestatementto:

ILLINOIS DEPARTMENT OF REVENUE PO BOX 19029 SPRINGFIELD IL 62794-9029

• AttachthesecondcopytoyourIllinoisIncomeTaxreturnforthetaxyearthattheIRSdisclosurewasrequired.MailthesecondcopyandyourIllinoisIncomeTaxreturntotheaddressshownonyourreturn.Do notmailthesecondcopyandyourIllinoisIncomeTaxreturntotheaddresslistedabove.

What if I need additional assistance or forms?Ifyouneedadditionalassistance-

• Visitourwebsiteattax.illinois.gov.• Writetousat: ILLINOIS DEPARTMENT OF REVENUE PO BOX 19044 SPRINGFIELD IL 62794-9044 • Call1 800 732-8866or217 782-3336(TDD,telecommunicationsdeviceforthedeaf,at1 800 544-5304).

• Visitaregionaloffice.Ourofficehoursare8:00a.m.to5:00p.m.(Springfieldoffice)and8:30a.m.to5:00p.m.(allotherregionaloffices),MondaythroughFriday.

Ifapaymentisnot enclosed,mailyourFormIL-1120-STto:ILLINOIS DEPARTMENT OF REVENUE PO BOX 19032SPRINGFIELD IL 62794-9032

Where should I file?Ifapaymentisenclosedwithyourreturn,mailyourFormIL-1120-STto:ILLINOIS DEPARTMENT OF REVENUEPO BOX 19053

SPRINGFIELD IL 62794-9053

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Specific InstructionsIfyouneedadditionalformsorschedules,visitourwebsiteattax.illinois.gov.

Specificinstructionsformostofthelinesareincluded.Ifaspecificlineisnotreferenced,followtheinstructionsontheform.

Step 1 — Identify your small business corporationA — All taxpayers: Typeorprintyourlegalbusinessname.Ifyouhaveanamechangefromlastyear,checkthecorrespondingbox.B —Typeorprintyourmailingaddress.Ifyouraddresshaschangedsinceyoufiledyourlastreturnorifthisisyourfirstreturn,checkthebox.

IfyoucheckedtheboxinLineBbecauseyouhaveneverfiledanIllinoisreturn,youmustalsocheckthe“firstreturn”boxinLineC.C —Ifthisisyourfirstorfinalreturn,checktheappropriatebox.D — IfyoucheckedfinalreturnonLineC,answerthequestionsonLineD,ifapplicable.E — Apportionment Formulas-IfyouearnincomebothinsideandoutsideofIllinios,checktheappropriatebox(es).Ifyouareaunitarybusinessgroup,checkasmanyboxesasapplicable.Ifmorethanoneboxischecked,youmustcompleteaSubgroupScheduleforeachcheckedboxthatisnotasalescompany.IfyouearnincomeonlyinsideIllinois,leavethislineblank.Formoreinformation,seethespecificinstructionsfor“ApportionmentFormulas.”F — IfyouareclaimingaspecialdepreciationadditionorsubtractionmodificationsonFormIL-1120-ST,checktheboxandattachFormIL-4562,SpecialDepreciation,toyourtaxreturn.G — IfyouareclaimingotheradditionorsubtractionmodificationsonFormIL-1120-ST,checktheboxandattachScheduleM,OtherAdditionsandSubtractions(forbusinesses),toyourtaxreturn.H — Ifyouareclaimingrelated-partyexpensesmodificationsonyourFormIL-1120-ST,checktheboxandattachSchedule80/20,Related-PartyExpenses,toyourtaxreturn.I —ChecktheboxifyouareclaimingdeductionsorcreditslistedonIllinoisSchedule1299-A,TaxSubtractionsandCredits.YoumustchecktheboxonLineIandattachIllinoisSchedule1299-AandanyotherrequiredsupportlistedonSchedule1299-Atoyourtaxreturntosupportanydeductionsorcreditsyouareclaimingorpassingtoyourshareholders.J — IfyouareaunitarybusinessgroupandcompletedSubgroupSchedule,checkthisboxandattachSubgroupSchedule.SeeSubgroupScheduleandScheduleUBInstructionsformoreinformation.K — Enteryourentirefederalemployeridentificationnumber(FEIN).ApartialFEINwilldelaytheprocessingofyourreturn.L — Ifyouareamemberofagroupfilingasaunitarybusiness,checktheboxandentertheFEINofthememberwhopreparedIllinoisScheduleUB.AttachScheduleUBtothisreturn.M — EnteryourNorthAmericanIndustryClassificationSystem(NAICS)Code.Ifyouareunsureofyourcode,youcanresearchtheinformationatwww.census.gov/eos/www/naicsorwww.irs.gov.N — EnteryourIllinoiscorporatefile(charter)numberassignedtoyoubytheIllinoisSecretaryofState.O — IfyoukeepyouraccountingrecordsinalocationdifferentfromtheaddressindicatedonLineB,enterthecity,thetwo-letterstateabbreviation,andtheZipCodeforthelocationtherecordsarekept.P —Ifyouaremakingtheelectiontotreatallofyourincomeotherthancompensationasbusinessincomeforthistaxyear,youmustchecktheboxonthislineandenterzeroonStep6,Lines36and

44.This election must be made by the extended due date of this return. Once made, the election is irrevocable. Q — IfyouarerequiredtodisclosereportabletransactionsandyouhavecompletedfederalForm8886orfederalScheduleM-3,PartII,Line10,checktheappropriateboxandattachacopyofthefederalformorscheduletothisreturn.See“WhatifIparticipatedinareportabletransaction?”formoreinformation.R — ChecktheboxifyoumustadjustyourlossorlosscarryoverduetoDischargeofIndebtedness.Formoreinformation,seetheinstructionsforLine48,theLossReductionWorksheetonpage9oftheseinstructions,andScheduleNLD.S — IfyourbusinessactivityisprotectedunderPublicLaw86-272,checkthisboxandcompleteSteps1through7ofyourIL-1120-ST.

You must complete a Department-issued or previously approved Form IL-1120-ST and corresponding schedules. Donotsendacomputerprintoutorspreadsheetswithlinenumbersanddollaramountsattachedtoablankcopyofthereturn.

Step 2 — Figure your ordinary income or loss Ifyouareamemberofaunitarygroup,enterthefigures

oneachlineofStep2thatreflectyourseparatecompanyincome.See“WhatifIamamemberofaunitarygroup?”intheGeneralInstructions.Lines 1 through 5 — Entertheamountforeachlineitemfromthecorrespondingline(s)onyourU.S.Form1120S,ScheduleK.Seethechartbelowtodeterminethecorrectcorrespondinglines.

Form IL-1120-STFederal form 1120S,

Schedule K

Line1 Line1

Line2 Line2

Line3 Line3c

Line4 Lines4,5a,6,7,8a

Line5 Line9

Line 6 — IncludeanyitemsofincomeorlossfromU.S.Form1120S,ScheduleK,thatarenotincludedonanyotherlineofStep2orStep3ofthisFormIL-1120-ST. IncludetheamountfromLine1oftheIRC965TransitionTaxStatementandattachtheStatementtoyourreturn.IfyouarefilingelectronicallyyoumaysubmittheStatementbyemailtorev.BitSupplemental@illinois.govasaPortableDocumentFormat(.pdf)filewithafilenameandsubjectof“965Tax”.

Step 3 — Figure your unmodified base income or loss

Ifyouareamemberofaunitarygroup,enterthefiguresoneachlineofStep3thatreflectsyourseparatecompanyincome.See“WhatifIamamemberofaunitarygroup?”intheGeneralInstructions.Lines 8 through 10 — EntertheamountforeachlineitemfromthecorrespondinglineonyourU.S.Form1120S,ScheduleK.Seethechartonthispagetodeterminethecorrectcorrespondinglines.

Form IL-1120-STFederal form 1120S,

Schedule K

Line8 Line12a

Line9 Line11

Line10 Line12b

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Line 11 — Includeanyitemsofexpense

• youarerequiredtostateseparatelytoyourshareholders,ratherthanincludeinordinaryincome, and

• thatwouldbetakenintoaccountbyanindividualincomputinghisorhertaxableincome,and

• thatarenotincludedonanyotherlineofStep2orStep3ofthisFormIL-1120-ST.

IncludetheIRCSection965deductionlistedonLine3oftheIRC965TransitionTaxStatement.AttachtheStatementtoyourreturn.IfyouarefilingelectronicallyyoumaysubmittheStatementbyemailtorev.BitSupplemental@illinois.govasaPortableDocumentFormat(.pdf)filewithafilenameandsubjectof“965Tax”.

Donotincludeanyofthefollowingitemsonthisline:• netoperatinglosscarryovers;• anydomesticproductionactivitydeductionallowedunderIRCSection199;or

• anydepletionamountsallowedfederallyonyouroilandgasproperties.

WhilethedomesticproductionactivitydeductionisnotallowedtopartnershipsorsubchapterScorporations,youmaycalculateand“passthrough”anyallowabledeductiontoyourpartnersandshareholders.SeeInformationBulletinFY2006-07,DomesticActivityProductionDeduction.Line 13 — Thisisyourtotalunmodifiedbaseincomeorloss.

Ifyouareamemberofaunitarygroupthis amount should reflect your separate company incomeasshownonthecorrespondingcolumnofScheduleUB,Step2,ColumnA,B,orC,Line30.

Step 4 — Figure your income or loss Ifyouareamemberofaunitarygroup,see“WhatifIam

amemberofaunitarygroup?”intheGeneralInstructions,andtheinstructionsforLine14,below.Line 14 — Followtheinstructionsontheform.

IfyouareamemberofaunitarygroupdonotentertheamountfromFormIL-1120-ST,Step3,Line13.Enter your combined company incomeasshownonScheduleUB,Step2,ColumnE,Line30.

Donotenternegative amountsonLines15through21. Line 15 — Enterthetotalofallamountsexcludedfromunmodifiedbaseincomethatwerereceivedoraccruedasfederallytax-exemptinterest(e.g.state,municipalandotherinterest)andalldistributionsofexemptinterestreceivedfromregulatedinvestmentcompaniesduringthetaxyear. Line 16 — YoumustaddbackanyamountofIllinoisReplacementtaxesandsurchargethatyoudeductedonyourU.S.Form1120Stoarriveatyourordinarybusinessincome.Youarenotrequiredtoaddbacktaxesfromotherstatestakenasafederaldeduction.Line 17 — EntertheadditionamountcalculatedonFormIL-4562,Step2,Line4.Formoreinformation,seeFormIL-4562andinstructions.Attach Form IL-4562 to your Form IL-1120-ST.Line 18 —Entertheinterestorintangibleexpenses,orinsurancepremiumspaidtoan80/20company,totheextenttheseexpensesexceedanytaxabledividendsyoureceivedfromtheaffiliatedcompany.Tocomputetheamountofthisaddition,completeStep2ofIllinoisSchedule80/20andenteronLine18thetotalfromIllinoisSchedule80/20,Step2,Line13.Attach Illinois Schedule 80/20 to your Form IL-1120-ST.Someinterestandintangibleexpensesmaybeexemptfromthisadd-backprovision.SeeIllinoisSchedule80/20Instructionsformoreinformationincludingdefinitionsof“affiliatedcompany,”“intangibleexpenses,”and“intangibleassets.”

Line 19 — Ifyouareapartnerinapartnership,ashareholderinanScorporation,orabeneficiaryofatrustoranestate,includeyourdistributiveshareofadditionsreceivedfromthepartnership,Scorporation,trustorestateonSchedulesK-1-PorK-1-T.Ifyoureceivemultipleschedulesbecauseyouarearecipientfrommultipleentities,youshouldenterthecombinedtotalofStep5,ColumnA,Lines32through37,fromallIllinoisSchedulesK-1-PyoureceiveandStep5,ColumnA,Lines30through35,fromallIllinoisSchedulesK-1-Tyoureceive.Attach a copy of all Illinois Schedules K-1-P and K-1-T you received to your Form IL-1120-ST.

ThepartnershiporScorporationisrequiredtosendyouanIllinoisScheduleK-1-PandthetrustortheestateisrequiredtosendyouanIllinoisScheduleK-1-T,specificallyidentifyingyourshareofincome.

IncludeonlyadditionsreportedtoyouontheSchedule(s)K-1-PorK-1-Tyoureceivedfromapass-throughentityinwhichyouareaninvestingpartnerorshareholderorabeneficiary.Do not attach copiesofSchedulesK-1-Pyouissuedtoyourpartnersorshareholders.Youshouldkeepcopiesoftheseschedulesinyourrecords.Line 20 — CompleteIllinoisScheduleB.IllinoisScheduleB,SectionA,Line3representstheshareofdistributableincomeorlossthatistobeaddedtoorsubtractedfrombaseincome.IfthetotalamountonIllinoisScheduleB,SectionA,Line3isanegativeamount(loss),itshouldbeenteredonLine20asapositiveamount.SeetheIllinoisScheduleBInstructionsfollowingtheseSpecificInstructionsformoreinformation. Attach Illinois Schedule B to your Form IL-1120-ST. Line 21 —EntertheadditionamountcalculatedonIllinoisScheduleM,OtherAdditionsandSubtractions(forbusinesses),Step2,Line11.Attach a copy of Illinois Schedule M to your Form IL-1120-ST.ThefollowingareexamplesofitemsthatmustbeaddedtotaxableincomeandareincludedonIllinoisScheduleM.• Notes,bonds,debentures,orobligationsissuedbytheGovernmentsofGuam,AmericanSamoa,PuertoRico,theNorthernMarianaIslands,ortheVirginIslands.

• Lloyd’splanofoperationslossifreportedonyourbehalfonFormIL-1065,PartnershipReplacementTaxReturn,andincludedinyourtaxableincome.

• Deductionsyouclaimedthisyearandinyourtwomostrecenttaxyearsforexpensesconnectedwithincomefromanassetoractivitywhichwerereportedasbusinessincomeinprioryearsandasnonbusinessincomeonthisreturn.SeeIllinoisScheduleNB,NonbusinessIncome,Line11,andIllinoisScheduleNBInstructionsformoreinformation.

Step 5 — Figure your base income or lossDonotenternegative amountsonLines23through34.

AdoubledeductionisprohibitedbyIITA,Section203(g).Youcannotdeductthesameitemmorethanonce.Line 23 — EnterthetotalinterestreceivedoraccruedfromU.S. Treasurybonds,notes,bills,federalagencyobligations,andsavingsbondsincludedinordinarybusinessincome.Youmaynot subtractanythingthatisnotidentifiedinIllinoisPublication101,IncomeExemptfromTax.Thisamountisnetofanybondpremiumamortizationdeductedfederally.Line 24 — CompleteIllinoisScheduleB.IllinoisScheduleB,SectionA,Line3representstheshareofdistributableincomeorlossthatistobeaddedtoorsubtractedfrombaseincome.IfthetotalamountonIllinoisScheduleB,SectionA,Line3isapositiveamount,enterthatamountonLine24.IfthetotalamountonIllinoisScheduleB,SectionA,Line3isnegative,leaveLine24blankandseetheinstructionsforLine20. Formoreinformation,seetheIllinois

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ScheduleBInstructionsfollowingtheseSpecificInstructions.Attach Illinois Schedule B to your Form IL-1120-ST.Lines 25 through 29 —You must attach Illinois Schedule 1299-A, Tax Subtractions and Credits, and any other required support listed on Schedule 1299-A to your Form IL-1120-ST if you have an amount on any of the following lines.Line 25 — EntertheRiverEdgeRedevelopmentZoneDividendsubtractionfromIllinoisSchedule1299-A,Step1,Line3.Line 26 — EntertheRiverEdgeRedevelopmentZoneInterestsubtractionfromIllinoisSchedule1299-A,Step1,Line12.Line 27 — EntertheHighImpactBusinessDividendsubtractionfromIllinoisSchedule1299-A,Step1,Line6.Line 28 — For financial organizations only —EntertheHighImpactBusinesswithinaForeignTradeZone(orsub-zone)InterestsubtractionfromIllinoisSchedule1299-A,Step1,Line15. Line 29 — EntertheamountofanyContributionsubtractionfromIllinoisSchedule1299-A,Step1,Line9.Line 30 — EnterthesubtractionallowancefromFormIL-4562,Step3,Line10.Attach Form IL-4562 to your Form IL-1120-ST. Line 31 — EntertheamountfromIllinoisSchedule80/20,Step4,Line32.Attach Illinois Schedule 80/20 to your Form IL-1120-ST.YoushoulduseIllinoisSchedule80/20if• youaddedbackinterestpaidtoanaffiliatedcompanyonStep4,Line18.Youmaysubtractanyinterestreceivedfromthatcompanyduringthistaxyear,uptotheamountofyouradditionforinterestexpensepaidtothatcompany.Also,ifyouaddedbackintangibleexpensesfromatransactionwithanaffiliatedcompanyonLine18,youmaysubtractanyincomeyoureceivedduringthetaxyearfromsimilartransactionswiththeaffiliatedcompany,uptotheamountofyouradditionforintangibleexpenseforthatcompany.Tocomputetheamountofthissubtraction,completeIllinoisSchedule80/20.

• youareanaffiliatedcompany,andyoureceivedinterestorintangibleincomefromsomeonewhohadtoaddbacktheinterestandintangibleexpense,orinsurancepremiumsontheirIllinoisSchedule80/20.Youmaysubtractyourinterestorintangibleincomefromthatperson.

Line 32 — Enteryourdistributiveshareofsubtractionspassedthroughtoyoubyapartnership,Scorporation,trust,orestateonSchedulesK-1-PorK-1-T.DonotincludeanyamountspassedthroughthatarereflectedonIllinoisSchedule1299-A.Attach a copy of all Illinois Schedules K-1-P and K-1-T you received to your Form IL-1120-ST.

ThepartnershipisrequiredtosendyouanIllinoisScheduleK-1-PandthetrustortheestateisrequiredtosendyouanIllinoisScheduleK-1-T,specificallyidentifyingyourshareofsubtractions.

IncludeonlysubtractionsreportedtoyouontheSchedule(s)K-1-PorK-1-Tyoureceivedfromapass-throughentityinwhichyouareaninvestingpartnerorshareholderorabeneficiary.Do not attach copiesofSchedulesK-1-Pyouissuedtoyourpartnersorshareholders.Youshouldkeepcopiesoftheseschedulesinyourrecords.Line 33 —EnterthesubtractionamountcalculatedonIllinoisScheduleM,Step3,Line36. Attach a copy of Illinois Schedule M to your Form IL-1120-ST.Youmaynot subtractanythingthatisnotidentifiedbelow,onScheduleM(forbusinesses),orinIllinoisPublication101.SubtractionsallowedonIllinoisScheduleMinclude:• notes,bonds,debentures,orobligationsissuedbytheGovernmentsofGuam,AmericanSamoa,PuertoRico,theNorthernMarianaIslands,ortheVirginIslands,totheextentthatyouwererequiredtoaddtheseamountstoyourfederalordinaryincome.

• therefundofIllinoisreplacementtaxforaprioryear,totheextentincludedinyourfederalordinaryincome.

• anyotherincomeincludedonStep4,Line22,exemptfromtaxationbyIllinoisbyreasonofitsConstitutionorstatutesorbytheConstitution,treaties,orstatutesoftheUnitedStates.Thisamountisnetofanybondpremiumamortizationdeductedfederally.Formoreinformation,seeIllinoisPublication101.

• theamountequaltothedeductionusedtocomputethefederaltaxcreditforrestorationofamountsheldunderclaimofrightunderIRCSection1341.

• thedeductionsfor“foreigndividendgross-up(IRCSection78),”“subpartFincome,”orforeigndividendswhichareallowedasasubtractionmodificationunderIITA,Sections203(b)(2)(G)and203(b)(2)(O).You must provide supporting attachments clearly identifying each item taken as a subtraction.

• contributionsyoumadeundertheTaxIncrementAllocationRedevelopmentActtoajobtrainingproject.Formoreinformation,seeFYBulletin1990-40.

Line 35 — Thisisyourbaseincomeorloss.FollowtheinstructionsontheformandcheckaboxonLineAorB.Youmustcheckoneoftheseboxesandfollowtheinstructionsforthatline.Check the box on Line A if• allofyourbaseincomeorlossisderivedinsideIllinois;and• youdonothaveanyincomeorlosstoreportonLines36,37,44,or45.

If you check the box on Line A, do not complete Step 6.AllofyourbaseincomeorlossisallocabletoIllinois.SkipStep6,entertheamountfromStep5,Line35onStep7,Line47,andcompletetheremainderofthereturn.Check the box on Line B if any of the following apply• yourbaseincomeorlossisderivedinsideandoutsideIllinois;• allofyourbaseincomeorlossisderivedoutsideIllinois;or• youhaveincomeorlosstoreportonLines36,37,44,or45.If you check the box on Line B, you must complete all lines of Step 6.SubmittingFormIL-1120-STwithanincompleteStep6,includingLines40,41,and42mayresultinadelayinprocessingyourreturn,furthercorrespondence,andyoumayberequiredtosubmitfurtherinformationtosupportyourfiling.SeetheSpecificInstructionsforStep6formoreinformation.

Step 6 — Figure your income allocable to IllinoisYoumust checktheboxonLineBandcompletealllinesofStep6ifanyportionofLine35,baseincomeorloss,isderivedoutsideIllinois,oryouhaveanyincomeorlosstoreportonLines36,37,44,or45.Ifyoudonotcompleteall ofStep6,Lines36through46,wemayissueanoticeanddemandproposing100percentofincomeasbeingallocabletoIllinois,orinthecaseofalossreturn,anoticeindicatingnoneofyourlossasbeingallocatedtoIllinois.Inordertoproperlyallocateyourbaseincomeorlossyouneedtodeterminewhatportionofthetotalbaseincomeisbusinessincomeorlossthatistobeapportionedamongallthestatesinwhichyoudobusiness,andwhatportionisnonbusinessincomeorlossthatistobeallocatedtoaparticularstate.

Unitary filers - YoumustcompletebothStep4oftheScheduleUBandStep6oftheFormIL-1120-ST.

Line by Line Instructions YoumustcompletealllinesofStep6.

Line 36 —Entertheamountofallnonbusinessincomeorlossincludedinbaseincome,netofanyrelateddeductionsandany

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amountdistributabletoshareholderssubjecttoreplacementtax,fromIllinoisScheduleNB,ColumnA.IncludeanynonbusinessincomeyoureceivedfromIllinoisSchedulesK-1-PorK-1-TintheamountsreportedonScheduleNB.Attach Illinois Schedule NB and all Illinois Schedules K-1-P or K-1-T you received to your Form IL-1120-ST. Ifyoudonothaveanamounttoreportonthisline,enter“0”.

Ifyouaremakingtheelectiontotreatallincomeotherthancompensationasbusinessincomeforthistaxyear,youmustchecktheboxinStep1,LineO,andenter“0”hereandonLine44.This election must be made by the extended due date of this return. Once made, the election is irrevocable. Line 37 — Entertheamountofallbusinessincomeorlossincludedinbaseincomereceivedfromanynon-unitarypartnership,partnershipincludedonaScheduleUB,Scorporation,trust,orestateofwhichyouareapartnerorabeneficiary,netofanyamountdistributabletoshareholderssubjecttoreplacementtax.SeeIllinoisSchedulesK-1-P(2)orK-1-T(2)formoreinformation.Attach a copy of all Illinois Schedules K-1-P and K-1-T you received to your Form IL-1120-ST. Ifyoudonothaveanamounttoreportonthisline,enter“0”.

ThepartnershipisrequiredtosendyouanIllinoisScheduleK-1-PandScheduleK-1-P(2),andthetrustortheestateisrequiredtosendyouanIllinoisScheduleK-1-TandScheduleK-1-T(2),specificallyidentifyingyourshareofincome.

Ifyouareapartnerengagedinaunitarybusinesswithyourpartnership,youmustincludeyourdistributableshareofthepartnership’sbusinessincomeinyourbusinessincome.DonotsubtractthisbusinessincomeonLine37.Lines 40 through 42 — YoumustcompleteLines40through42ifanyofthefollowingapply• yourbusinessincomeorlossisderivedinsideandoutsideIllinois;• allofyourbusinessincomeorlossisderivedoutsideIllinois;or• youhaveincomeorlosstoreportonLines36,37,44,or45.FollowspecificinstructionsbelowforLines40through42.

Ifyouareafinancialorganization,transportationcompany,salescompany,orfederallyregulatedexchange,checktheappropriateboxinStep1,LineE(financialorganization,transportationcompany,salescompany,orfederallyregulatedexchange)andsee“ApportionmentFormulas”intheseinstructions.

Ifyouareapartnerengagedinaunitarybusinesswithyourpartnership,youmustincludeyourdistributiveshareofthe“everywhere”and“Illinois”salesfactorsfromthepartnershipinyour“everywhere”and“Illinois”salesfactors.Formoreinformation,seeIllinoisIncomeTaxRegulations,Section100.3380(d).Line 40 —Enteryourtotalsaleseverywhere.Line 41 —EnteryourtotalsalesinsideIllinois.

Lines40and41cannotbelessthanzero.TheamountonLine41cannotexceedtheamountonLine40.

IfyoucheckedtheboxonLine35BanddonotcompleteLines40and41wemayissueanoticeanddemandproposing100percentofincomeasbeingallocatedtoIllinois,orinthecaseofalossreturn,anoticeindicatingnoneofyourlossasbeingallocatedtoIllinois.Line 42 — DivideLine41byLine40andentertheresult,roundedtosixdecimalplaces.Theresultcannotbegreaterthan“1”orlessthan“0.”

IfyoucheckedtheboxonLine35BanddonotcompleteLine42wemayissueanoticeanddemandproposing100percentofyourincomeasbeingallocatedtoIllinois,orinthecaseofalossreturn,anoticeindicatingnoneofyourlossasbeingallocatedtoIllinois.Line 43 —Followtheinstructionsontheform.IfyoucheckedtheboxonLine35BanddidnotcompleteLines40,41,and42wemay• propose100percentofyourincomeasbeingallocabletoIllinois• proposenoneofyourlossasbeingallocabletoIllinois.Line 44 — EntertheamountofnonbusinessincomeorlossallocabletoIllinoisfromIllinoisScheduleNB,ColumnB.IncludeanynonbusinessincomeyoureceivedfromIllinoisSchedulesK-1-PorK-1-TintheamountsreportedonScheduleNB.ThisamountisnetoftheportionofyourIllinoisnonbusinessincomedistributabletoshareholderssubjecttoreplacementtax.Attach a copy of Schedule NB and all Illinois Schedules K-1-P and K-1-T you received to your Form IL-1120-ST. Ifyoudonothaveanamounttoreportonthisline,enter“0”.

IfyoucheckedtheboxnextinStep1,LineO,makingtheelectiontotreatallofyourincomeotherthancompensationasbusinessincome,thenenter“0”onLine44.Line 45 — EntertheamountoftheincomeorlossreportedonStep6,Line37thatisapportionabletoIllinoisasreportedbythenon-unitarypartnership,partnershipincludedonaScheduleUB,trust,orestateonIllinoisSchedulesK-1-PorK-1-T,netoftheportiondistributabletoshareholderssubjecttoreplacementtax.SeeIllinoisSchedulesK-1-P(2)orK-1-T(2)formoreinformation.Attach a copy of all Illinois Schedules K-1-P and K-1-T you received to your Form IL-1120-ST. Ifyoudonothaveanamounttoreportonthisline,enter“0”.Step 7 — Figure your net incomeLine 47 —Followtheinstructionsontheform.Ifthisamountisaloss,youmaybeallowedtocarryitforwardtootheryearsasanIllinoisnetlossdeduction(NLD).Line 48 — IftheamountonLine47isaloss,andyouwererequiredtoreducethenetoperatinglossreportedonyourfederalForm1120-Sbecauseyouexcludedanydischargeofindebtednessincomefromthistaxyear’sgrossincome,thenyoumayberequiredtoreducethenetlossreportedonLine47.UsetheLossReductionWorksheetonpage9tofigureyourlossreduction.Attach a copy of your federal Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness, to your Form IL-1120-ST.Formoreinformation,seeIllinoisIncomeTaxRegulations,Section100.2310(c).

Loss Reduction Worksheet 1 Entertheamountofthereductiontoyourfederalnetoperatinglosses fromfederalForm982. 1 _________________ 2 Enteryourincomeallocationratio.Seeinstructions. 2 _________________ 3 MultiplytheamountonLine1byLine2.Thisisyourreductionamount. EntertheresulthereandonFormIL-1120-ST,Line48. 3 _________________

Line 2 — YourincomeallocationratioiscalculatedbydividingtheamountofdebtcancellationincomeexcludedfromyourgrossincomethatwouldhavebeenallocatedorapportionedtoIllinoisundertheIITAifitwasnotexcludedbythetotalamountofdebtcancellationincomeexcludedfromyourgrossincome.Ifallofyourdebtcancellationincomewouldhavebeenbusinessincome,usetheapportionmentfactoryoucalculatedonthereturnforthetaxyearofthedebtcancellation.

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Line 49 — If you have a discharge of indebtedness adjustment onLine48,addlines47(anegativenumber)and48(apositivenumber),andentertheresulthere.Thisamountcannotbegreaterthan“0”.If you do not have a discharge of indebtedness adjustment,enter“0”onLine48andtheamountfromLine47onLine49.Line 50 — EnteryourIllinoisNLDcarryforwardfromtheIllinoisScheduleNLD,Step1,Line5totalbox. Attach Illinois Schedule NLD to your Form IL-1120-ST. Usetheschedulespecifictoyourtaxyear.

Do not use Illinois Schedule UB/NLD even if you are a member of a unitary business group.

Step 8 — Figure your net replacement tax, surcharge, and pass-through withholding payments you oweLine 53 — EnteryourrecaptureofinvestmentcreditsfromIllinoisSchedule4255,RecaptureofInvestmentTaxCredits,Step4,ColumnC,Line18.IfyouclaimedanIllinoisinvestmenttaxcreditinaprioryearonFormIL-477,ReplacementTaxInvestmentCredits,andanyofthepropertywasdisqualifiedwithin48monthsofbeingplacedinservice,youmustuseIllinoisSchedule4255tocomputetheamountofrecapture.Creditmustberecapturedintheyearthepropertybecamedisqualified.Line 55 —EntertheamountfromFormIL-477,Step1,Line13.Attach Form IL-477 and any other required support listed on Form IL-477 to your Form IL-1120-ST.Youmayclaimareplacementtaxinvestmentcreditof.5percent(.005)ofthebasisofqualifiedpropertyplacedinserviceinIllinoisduringthetaxyear.Anadditionalcreditofupto.5percent(.005)ofthebasisofqualifiedpropertyisavailableifyourIllinoisbaseemploymentincreasedby1percent(.01)ormoreovertheprecedingyearorifyourbusinessisnewtoIllinois.Excesscreditmaybecarriedforwardforfiveyearsfollowingtheexcesscredityear.Formoreinformation,seeFormIL-477instructions.Line 57 — CompassionateUseofMedicalCannabisPilotProgramActsurcharge.

DefinitionsOrganization registrant means acorporation,partnership,trust,limitedliabilitycompany(LLC),orotherorganization,thatholdseitheramedicalcannabiscultivationcenterregistrationissuedbytheIllinoisDepartmentofAgricultureoramedicalcannabisdispensaryregistrationissuedbytheIllinoisDepartmentofFinancialandProfessionalRegulation.Transactions subject to the surcharge means salesandexchangesof • capitalassets; • depreciablebusinessproperty; • realpropertyusedinthetradeorbusiness;and • Section197intangiblesofanorganizationregistrant.

What is the surcharge?ForeachtaxableyearbeginningorendingduringtheCompassionateUseofMedicalCannabisPilotProgram,asurchargeisimposedonalltaxpayersonincomearisingfromthetransactionssubjecttothesurchargeofanorganizationregistrantundertheCompassionateUseofMedicalCannabisPilotProgramAct.Theamountofthesurchargeisequaltotheamountoffederalincometaxliabilityforthetaxableyearattributabletothetransactionssubjecttothesurcharge.ForanScorporation,thiswouldbeataxonbuilt-ingainrealizedonthetransaction.

To whom does the surcharge apply?Thesurchargeisimposedonanytaxpayerwhoincursafederalincometaxliabilityontheincomerealizedona“transactionsubjecttothesurcharge,”includingindividualsandothertaxpayerswhoarenotthemselvesthe“organizationregistrant”thatengagedinthetransaction.AlinehasbeenincludedonSchedulesK-1-PandK-1-TtoidentifytheamountoffederalincomeattributabletotransactionssubjecttothesurchargethatwaspassedthroughtoyouonfederalScheduleK-1.

How do I figure the surcharge?Ifthesurchargeappliestoyou,completetheCompassionateUseofMedicalCannabisPilotProgramActsurchargeWorksheetatthebottomofpage10.Formoreinformation,seeIllinoisIncomeTaxRegulations,Section100.2060.Line 58 — Completeall sectionsofIllinoisScheduleBandentertheamountfromIllinoisScheduleB,SectionA,Line9onthisline.Thisistheamountofpass-throughwithholdingpaymentsyouoweonbehalfofyourmembers.Attach Illinois Schedule B to your Form IL-1120-ST. See“DefinitionstohelpyoucompleteyourFormIL-1120-ST”intheseinstructionsformoreinformation.

DonotincludeonLine58anypass-throughwithholdingpaymentsreported to youonSchedule(s)K-1-PorK-1-T.Pass-throughwithholdingpaymentamountsreportedtoyouareincludedonStep9,Line60c.

Step 9 — Figure your refund or balance dueLine 60a —Entertheamountofanyoverpaymentfromyourprioryeartaxreturnsthatyourequestedtobeappliedtothisyear’staxreturn.Takeintoaccountanycorrespondencewemayhavesentyouthatchangedtheamountofyourcreditcarryforwardfromthepreviousyear.Line 60b — EntertheamountofIllinoisreplacementtaxpaidwithFormIL-505-B.Do notreportamountspaidwithFormIL-516-IorFormIL-516-Bonthisline.ThoseamountsarereportedonLines60eand60f.

IfyoumadeapaymentonFormIL-1120-ES,enterthatamountonLine60b.InthefutureuseFormIL-516-IorFormIL-516-Btomakevoluntaryprepayments.Line 60c — EntertheamountyouwishtoclaimofIllinoispass-throughwithholdingpaymentsreportedtoyoubypartnerships,Scorporations,ortrustsonSchedule(s)K-1-PorK-1-T.Ifyouhave

Compassionate Use of Medical Cannabis Pilot Program Act Surcharge Worksheet

1 Enteryourfederalincometaxliabilityforthetaxableyear. 1 _________________

2 Enteryourfederalincometaxliabilityforthetaxableyearcomputedasiftransactionssubjecttothe surchargemadeinthatyearhadnotbeenmadebytheorganizationregistrant. 2 _________________

3 SubtractLine2fromLine1.ThisisyourCompassionateUseofMedicalCannabisPilotProgramAct surcharge.EntertheresulthereandonFormIL-1120-ST,Step8,Line57. 3 _________________

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receivedmorethanoneScheduleK-1-PorK-1-T,addtheamountsyouwishtoclaimfromalltheschedulesandenterthetotalonLine60c.Attach copies of the Schedules K-1-P and K-1-T you received from the pass-through entities to your Form IL-1120-ST. See“DefinitionstohelpyoucompleteyourFormIL-1120-ST”intheseinstructionsformoreinformation.

DonotincludeonLine60canypass-throughwithholdingpaymentsyou oweonbehalfofyourmembers.Pass-throughwithholdingpaymentsyouoweonbehalfofyourmembersareincludedonStep8,Line58.Line 60d — EntertheamountofanyIllinoisgamblingwithholdingshownonFormW-2G.Attach Form W-2G.Line 60e — EnterthetotalamountofvoluntaryprepaymentsyoupaidforthistaxyearwithForm IL-516-I only.Do notreportamountspaidwithFormIL-516-B,FormIL-505-B,orFormIL-1120-EShere.Line 60f — EnterthetotalamountofvoluntaryprepaymentsyoupaidforthistaxyearwithForm IL-516-B only.Do not reportamountspaidwithFormIL-516-I,FormIL-505-B,orFormIL-1120-EShere.Line 63 — Entertheamountofoverpaymentyouelecttobecreditedforward.Yourcreditcarryforwardwillnotbeappliedifyoudonotfileaprocessablereturn.

Yourcreditcarryforwardmaybereducedbyusduetocorrectionswemaketoyourreturn,ortosatisfyanyunpaidtax,penalty,andinterestdueforthisyearoranyotheryear.Ifwereduceyourcreditcarryforward,itmayresultinalate-paymentpenaltyinasubsequentyear.

To which tax year will my credit apply?Ifyour2017returnwasfiled

� on or before the original filing and payment due date of your return,yourcreditwillbeappliedtothenextfulltaxyear,unlessyouelecttoapplythecredittoadifferenttaxyear.

Example 1:Youfileyour2017calendar-yearreturnonMarch1,2018,requestingtoreceiveyouroverpaymentasacredit.March1,2018,fallsbeforetheoriginalfilingandpaymentduedateofthe2018taxyear(March15,2018,forcalendar-yearfilers).Yourcreditwillbeappliedagainstyour2018taxyearliability.

� after the original filing and payment due date of your return, yourcreditwillbeappliedtothenextfulltaxyearinwhichtimely paymentscanbemadeasofthedateyouarefilingthisreturn,unlessyouelecttoapplythecredittoadifferenttaxyear.

Example 2:Youfileyour2017calendar-yearreturnonAugust4,2018,requestingtoreceiveyouroverpaymentasacredit.August4,2018,isaftertheoriginalfilingandpaymentduedateofthe2018taxyear(March15,2018,forcalendar-yearfilers),butisbeforetheoriginalfilingandpaymentduedateofthe2018taxyear(March15,2019,forcalendar-yearfilers).Yourcreditwillbeappliedagainstyour2018taxyearliability.Example 3:Youfileyour2017calendar-yearreturnonApril23,2019,requestingtoreceiveyouroverpaymentasacredit.April23,2019,isaftertheoriginalfilingandpaymentduedateofthe2018taxyear(March15,2019,forcalendar-yearfilers),butisbeforetheoriginalfilingandpaymentduedateofthe2019taxyear(March16,2020,forcalendar-yearfilers).Yourcreditwillbeappliedagainstyour2019taxyearliability.

YoumaycompletetheCreditCarryforwardWorksheetonpage13ifyourequireassistancedeterminingtheyeartowhichyourcreditwillapply.

With what date will my credit apply against my tax liability?Ifyour2017returnwasfiled

� on or before the extended due date of your return(October15,2018,forcalendar-yearfilers),yourcreditisconsideredtobepaidontheoriginalduedateofthisreturn(March15,2018,forcalendar-yearfilers).However,ifalloraportionofyouroverpaymentresultsfrompaymentsmadeaftertheoriginalduedateofthisreturn,thatportionofyourcreditisconsideredtobepaidonthedateyoumadethepayment.

Example 1: Youfileyour2017calendar-yearreturnonorbeforetheextendedduedateofyourreturnrequesting$500beappliedasacredit.Allofyourpaymentsaremadebeforetheoriginalduedateofyourreturn.Yourcreditof$500willbeconsideredtobepaidonMarch15,2018.Example 2: Youfileyour2017calendar-yearreturnonorbeforetheextendedduedateofyourreturnrequesting$500beappliedasacredit.Youroverpaymentincludespaymentsof$400youmadebeforetheoriginalduedateofyourreturn,anda$100paymentyoumadeonJune1,2018.Yourcreditof$400willbeconsideredtobepaidonMarch15,2018.Theremaining$100creditwillbeconsideredtobepaidonJune1,2018.

� after the extended due date of your return,yourcreditisconsideredtobepaidonthedateyoufiledthereturnonwhichyoumadetheelection.

Example 3: Youfileyour2017calendar-yearreturnonDecember1,2018,requesting$500beappliedasacredit.Yourcreditof$500willbeconsideredtobepaidonDecember1,2018,becauseyoufiledyourreturnaftertheextendedduedateofyour2018calendar-yearreturn.

YoumaycompletetheCreditCarryforwardWorksheetonpage13ifyourequireassistancedeterminingwithwhatdateyourcreditwillapply.

Ifyouarefilingyourreturnaftertheextendedduedate,youmayonlyelecttoclaimanoverpaymentcreditforpaymentsreceivedonorbeforethedateyoufiledyourreturn.Anypaymentsmadeafterthedateyoufiledthatreturncanonlybeclaimedasanoverpaymentcreditonasubsequentamendedreturn.May I apply my credit to a different tax year? Yes.Ifyouwishtoapplyyourcredittoataxyearotherthantheoneduringwhichyoufilethisreturn,youmustsubmitaseparaterequestinwritingto:ILLINOIS DEPARTMENT OF REVENUEPO BOX 19004SPRINGFIELD IL 62794-9004

Submityourrequestatthetimeyoufileyourreturn.Do not submityourreturntothisaddress.Yourrequestmustinclude• yourname,• yourFEIN,• thetaxyearofthereturncreatingtheoverpayment,and• thetaxyearyouwishtohavethecreditapply.Ifyoudonotfollowtheseinstructions,yourelectionwillbeconsideredinvalidandwewillnotapplyyourcreditasyourequested.Ifyousubmitavalidrequest,wewillapplyyourcreditasyourequestedandnotifyyou.Oncemade,yourelectiontochangethetaxyeartowhichyourcreditwillapplyisirrevocable.Requestswillbeworkedintheorderwereceivethem.

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Youmayonlyapplyyourcredittotaxyearsoccurringaftertheyearofthereturncreatingtheoverpayment.Ifyourequesttoapplymorecreditthanourrecordsshowyouhaveavailable,wewillapplythemaximumamountavailableandnotifyyouofthedifference.Lines 64 — Followtheinstructionsontheform.Yourrefundwillnotbeissuedifyoudonotfileaprocessablereturn.

Yourrefundmaybereducedbyustosatisfyanyunpaidtax,penalty,andinterestdueforthisyearoranyotheryear.Line 65 — Directdepositinformation.Ifyouchoosetodeposityourrefunddirectlyintoyourcheckingorsavingsaccount,youmust • Enteryourroutingnumber. • Foracheckingaccount,yourroutingnumbermustbe ninedigitsandthefirsttwodigitsmustbe01through 12or21through32. Thesamplecheckfollowingtheseinstructionshasan exampleofaroutingnumber. • Forasavingsaccount,youmustcontactyour financialinstitutionforyourroutingnumber.• Checktheappropriateboxtoindicatewhetheryouwantyour refunddepositedintoyourcheckingorsavingsaccount.• Enteryouraccountnumber. • Foracheckingaccount,youraccountnumbermay beupto17digits. Thesamplecheckfollowingtheseinstructionshasan exampleofanaccountnumber. • Forasavingsaccount,youmustcontactyour financialinstitutionforyouraccountnumber.Do not useyouraccountandroutingnumbersfromyourcheckingorsavingsaccountdeposit slip.Do notincludeyourchecknumber.Include hyphens,butomitspacesandspecialsymbols.Youmayhaveunusedboxes.

Ifyourfinancialinstitutiondoesnothonoryourrequestfordirectdeposit,wewillsendyouacheckinstead.

WedonotsupportinternationalACHtransactions.WewillonlydepositrefundsintoaccountslocatedwithintheUnitedStates.IfyourfinancialinstitutionislocatedoutsidetheUnitedStates,wewillsendyouacheckinsteadofdepositingyourrefundintoyouraccount.

Line 66 — Followtheinstructionsontheform.Thisisyouramountoftaxduethatmustbepaidinfullif$1ormore.Ifyouarenotpayingelectronically,completeapaymentvoucher,FormIL-1120-ST-V,makeyourcheckormoneyorderpayableto“Illinois Department of Revenue” and attach them to the front of the return.

Ifyouarepayingelectronicallydo notcompleteandattachapaymentvoucher.Youshouldalsoenter the amount you are paying in the box located on the top of Page 1 oftheFormIL-1120-ST.Weencourageyoutoletusfigureyourpenaltiesandinterestandsendyouabillinsteadofdeterminingtheseamountsyourself.Wewillcomputeanypenaltyandinterestdueandnotifyyou.SeeGeneralInformation,“Whatarethepenaltiesandinterest?”

Step 10 — Signature, date, and paid preparer’s informationYoumustsignanddateyourreturn.Ifyoudonotsignyourreturn,itwillnotbeconsideredfiledandyoumaybesubjecttoanonfiler penalty.Ifyoupaysomeonetoprepareyourreturn,theincometaxreturnpreparermustalsosignanddatethereturn,enterthepreparertaxidentificationnumber(PTIN)issuedtothembytheInternalRevenueService,andprovidetheirfirm’sname,address,andphonenumber.IfyouwanttoallowthepaidpreparerlistedinthissteptodiscussthisreturnwiththeDepartment,checkthebox.Thisauthorizationwillallowyourpaidpreparertoansweranyquestionsthatariseduringtheprocessingofyourreturn,calluswithquestionsaboutyourreturn,andreceiveorrespondtonoticeswesend.Theauthorizationwillautomaticallyendnolaterthantheduedateforfilingyour2018taxreturn(excludingextensions).Youmayrevoketheauthorizationatanytimebycallingorwritingus.

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Credit Carryforward Worksheet Step 1: Determine the tax year to which your credit will applyCheckboxAorBandfollowtheinstructionsfortheboxyouchecked.Ifyoudidnotcheckabox,donotcompletethequestion(s)associatedwiththatbox.

A Ifiledmyreturnonorbeforetheoriginalfilingandpaymentduedateofmyreturn.Complete Line 1a only if you checked box A, above.1a Entertheendingdateofthenextfulltaxyear.Thisistheyearyourcreditwillbeapplied tounlessyouelecttoapplyittoadifferentyear. 1a ____/____/_______

Example:• Acalendar-yearfiler,filingareturnonMarch1,2018(whichfallsbeforeMarch15,2018,theoriginalfilingandpaymentduedateforthe2017taxyear),wouldenterthenextfulltaxyearendingdate,12/31/2018.

B Ifiledmyreturnaftertheoriginalfilingandpaymentduedateofmyreturn.Complete Lines 1b through 2b only if you checked box B, above.1b Enterthedateyoufiledthisreturn. 1b ____/____/_______2b Entertheendingdateofthenextfulltaxyearforwhichapaymentmadeonthedateentered onLine1bwouldbeconsideredatimelypayment.Thisistheyearyourcreditwillbeapplied tounlessyouelecttoapplyittoadifferentyear. 2b ____/____/_______

Examples:• Acalendar-yearfiler,filingareturnonAugust4,2018(whichfallsafterMarch15,2018,theoriginalfilingandpaymentduedateforthe2017taxyear,butbeforeMarch15,2019,theoriginalfilingandpaymentduedateforthe2018taxyear),wouldenter12/31/2018onLine2b.

• Acalendar-yearfiler,filingareturnonApril28,2019(whichfallsafterMarch15,2019,theoriginalfilingandpaymentduedateforthe2018taxyear,butbeforeMarch16,2020,theoriginalfilingandpaymentduedateforthe2019taxyear),wouldenter12/31/2019onLine2b.

Step 2: Determine the date that your credit will apply against your tax liabilityCheckboxAorBandfollowtheinstructionsfortheboxyouchecked.Ifyoudidnotcheckabox,donotcompletethequestion(s)associatedwiththatbox.

CreditcarryforwardscalculatedonthisworksheetwillnotbeavailableuntilyourreturnisprocessedbytheDepartment.Yourcreditcarryforwardmaybereducedbyusduetocorrectionswemaketoyourreturn,ortosatisfyanyunpaidtax,penalty,andinterestdueforthisyearoranyotheryear.Ifwereduceyourcreditcarryforward,itmayresultinalate-paymentpenaltyinasubsequentyear.

A Ifiledmyreturnonorbeforetheextendedduedateofmyreturn.Complete Lines 1a through 3a only if you checked box A, above.1a Entertheoriginalduedateforthis2017return. 1a ____/____/_______2a Enterthetotalamountofyouroverpaymentfrompaymentsmadeon or beforethedate enteredonLine1a.Acreditinthisamountwillbeappliedtoyouraccountwiththedate enteredonLine1a. 2a ________________3a Entertheoverpaymentamount(s)andpaymentdate(s)foranypayment(s)youmadeafter thedateenteredonLine1a.Credit(s)intheamount(s)listedbelowwillbeappliedtoyour accountandwillbeconsideredtobepaidonthedateyoumadethepayment.

Overpayment Amount Date of Payment Overpayment Amount Date of Payment Overpayment Amount Date of Payment

$ // $ // $ //

$ // $ // $ //

B Ifiledmyreturnaftertheextendedduedateofmyreturn.Complete Line 1b only if you checked box B, above.1b Enterthedateyoufiledthisreturn.Thedateyouenteristhedatewewillconsideryourcredit tohavebeenpaid. 1b ____/____/_______

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Apportionment FormulasCertainbusinessesthatderivetheirincomefrominsideandoutsideIllinoisrequireanapportionmentformula.ThefollowingdefinitionswillhelpincompletingStep6.A Business income —SeeGeneralInformation,“Businessincome”under“DefinitionstohelpyoucompleteyourFormIL-1120-ST.”

B Financial organization —Anybank,bankholdingcompany,trustcompany,savingsbank,industrialbank,landbank,safedepositcompany,privatebanker,savingsandloanassociation,buildingandloanassociation,creditunion,currencyexchange,cooperativebank,smallloancompany,salesfinancecompany,investmentcompany,oranypersonownedbyabankorbankholdingcompany.

C Revenue miles —Arevenuemileisthetransportationofonepassenger,oronenettonoffreight,thedistanceofonemile.

D Federally regulated exchange —Afederallyregulatedexchangeis:

aregulatedentityasdefinedin7U.S.C.Sections1a(40)(A),1a(40)(B),or1a(40)(C);

• anexchangeorclearingagencyasdefinedin15U.S.C.Sections78c(a)(1)or78c(a)(23);

• anyentityregulatedunderanysuccessorregulatorystructuretoaregisteredentity,exchange,orclearingagency;or

• anymemberofthesameunitarygroupif50percentormoreofthebusinessreceiptsoftheunitarybusinessgroupforthetaxableyearareattributabletothematching,execution,orclearingoftransactionsconductedbymembersofthegroupdescribedinthefirstthreebulletpointsabove.

What if I am a sales organization?IfyoucheckedtheboxinStep1,LineE,indicatingthatyouareasalescompanyandyourincomeisderivedfrominsideandoutsideIllinois,youmustapportionyourbusinessincomeasfollows:Includegrossreceiptsfromthelicense,sale,orotherdispositionofpatents,copyrights,trademarks,andsimilaritemsofintangiblepersonalpropertyinthenumeratoranddenominatorofyoursalesfactoronlyifthesegrossreceiptsaremorethan50percentofthetotalgrossreceiptsincludedingrossincomeforthistaxyearandeachofthetwoimmediatelyprecedingtaxyears.Donotincludethefollowingitemsofincomeinthenumeratorordenominatorofyoursalesfactor:• dividends;• amountsincludedunderIRCSection78;• subpartFincomeasdefinedinIRCSection952;and• anyitemofincomeexcludedordeductedfrombaseincome.Formoreinformationonwhatshouldbeincludedinthenumeratorordenominatorofyoursalesfactor,seeIllinoisIncomeTaxRegulations,Sections100.3370and100.3380.SalesoftangiblepersonalpropertyareinIllinoisif• thepropertyisdeliveredorshippedfromanywheretoapurchaserinIllinois,otherthantheUnitedStatesgovernment,regardlessoftheFreeonBoard(f.o.b.)pointorotherconditionsofthesale;

• thepropertyisshippedfromIllinoistoanyplaceandthepurchaseristheUnitedStatesgovernment;or

• thepropertyisshippedfromIllinoistoanotherstateandyouarenottaxableinthestateofthepurchaser.

Forradioandtelevisionbroadcasting(includingcableandsatellitebroadcasting),thefollowingsalesareinIllinois:• advertisingrevenuereceivedfromanadvertiserwhoseheadquartersisinIllinois;

• feesreceivedbyabroadcasterfromitsviewersorlistenersin

Illinois;• inthecaseoffeesreceivedbyabroadcasterfromtheproducerorotherownerofthecontentsofaprogram,thepercentageofthefeesequaltothepercentageofthebroadcast’sviewingorlisteningaudiencelocatedinIllinois;or

• inthecaseofapersonwhoownsthecontentsofaprogramandwhoprovidesthecontentstoabroadcasterforafeeorothercharge,thefeesreceivedforthatprogramfromabroadcasterlocatedinIllinois.

Ifthe“saleseverywhere”amountincludesgrossreceiptsfromthelicensing,sale,orotherdispositionofpatents,copyrights,trademarks,andothersimilaritemsofintangiblepersonalproperty,andthereceiptsarenotcoveredbythebroadcastingrules,thenthesereceiptsshouldbeallocatedinIllinoistotheextenttheitemisusedinIllinoisduringtheyearthegrossreceiptsareincludedingrossincome.AnitemisusedinIllinoisif• apatentisemployedinproduction,fabrication,manufacturing,orotherprocessinginIllinoisorifthepatentedproductisproducedinIllinois;

• copyrightedmaterialisprintedorotherpublicationsoriginatedinIllinois;or

• thecommercialdomicileofthelicenseeorpurchaserofatrademarkorotheritemofintangiblepersonalpropertyisinIllinois.

Ifyoucannotdeterminefromyour(orrelatedparty’s)booksandrecordsinwhichstateanitemisused,donotincludethegrossreceiptsfromthatiteminthenumeratororthedenominatorofthesalesfactor.Forsalesoftelecommunicationsservices,thefollowingsalesareinIllinois:• salesoftelecommunicationsservicesoldonacall-by-callbasis,wherethecallbothoriginatesandterminatesinIllinois,orthecalleitheroriginatesorterminatesinIllinoisandthecustomer’sserviceaddressisinIllinois;

• retailsalesofpostpaidtelecommunicationsserviceifthepointoforiginationofthesignalisinIllinois;

• retailsalesofprepaidtelecommunicationsservicewherethepurchaserreceivestheprepaidcardorothermeansofconveyanceatalocationinIllinois;

• chargesimposedatachannelterminationpointinIllinois;• chargesforchannelmileagebetweentwochannelterminationpointsinIllinois;

• chargesforchannelmileagebetweenoneormorechannelterminationpointsinIllinoisandoneormorechannelterminationpointsoutsideIllinois,timesthenumberofchannelterminationpointsinIllinoisdividedbytotalterminationchannels;

• chargesforservicesancillarytosalesofservicesinIllinois.Ifyouprovideancillaryservices,butcannotdeterminewherethesalesoftherelatedservicesarelocated,yoursalesareinIllinoisifyourcustomerisinIllinois;

• accessfeeschargedtoareselleroftelecommunicationforacallthatbothoriginatesandterminatesinIllinois;

• 50percentofaccessfeeschargedtoareselleroftelecommunicationsservicesforaninterstatecallthatoriginatesorterminatesinIllinois;and

• enduseraccesslinecharges,ifthecustomer’sserviceaddressisinIllinois.

Formoreinformation,seeIllinoisIncomeTaxRegulations,Section100.3371.

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IL-1120-ST Instructions (R-06/18) Page15of19

IllinoislotterywinningsandproceedsfromsalesorothertransfersofrightstolotterywinningsareinIllinois.Sales,otherthansalesoftangiblepersonalpropertyortelecommunicationsservice,andgrossreceiptsfrombroadcasting,orthelicensing,sale,orotherdispositionofpatents,copyrights,trademarks,andsimilaritemsofintangiblepersonalproperty,orIllinoislotterywinningsorsalesproceeds,areinIllinoisasfollows:• salesorleasesofrealpropertyinIllinois;• leasesorrentalsoftangiblepersonalproperty,totheextentitislocatedinIllinoisduringtherentalperiod;

• interest,netgains,andotheritemsofincomefromintangiblepersonalpropertyreceivedbyataxpayerwhoisadealerinthatpropertyfromacustomerwhoisaresidentofIllinois(forindividuals)orwhoiscommerciallydomiciledinIllinois(forallothercustomers).Ataxpayerwithoutactualknowledgeoftheresidenceorcommercialdomicileofacustomermayusethecustomer’sbillingaddress.

• interest,netgains,andotheritemsofincomefromintangiblepersonalpropertyreceivedbyataxpayerwhoisnotadealerinthatproperty,iftheincome-producingactivityisperformedinIllinoisoriftheincome-producingactivityisperformedinsideandoutsideIllinois,andagreaterproportionoftheincome-producingactivityisperformedinsideIllinoisratherthanoutsideIllinois,basedonperformancecosts;or

• inallothercases,iftheservicesarereceivedinIllinois.Formoreinformation,seeIllinoisIncomeTaxRegulations,Section100.3370.

What if I am a financial organization?IfyoucheckedtheboxinStep1,LineE,indicatingthatyouareafinancialorganizationandyourincomeisderivedfrominsideandoutsideIllinois,crossouttheword“sales”onLines40and41,andwrite“Financialorganization.”OnLine40,entertheamountofgrossreceiptsfromallsources.OnLine41,entertheamountofgrossreceiptsfrom:• salesorleasesofrealpropertylocatedinIllinois;• leasesorrentalsoftangiblepersonalproperty,totheextentitislocatedinIllinoisduringtherentalperiod;

• interestincome,commissions,fees,gainsondisposition,andotherreceiptsfrom:

– loanssecuredbyrealortangiblepersonalproperty locatedinIllinois;

– unsecuredconsumerloanstoaresidentofIllinois; – unsecuredcommercialorinstallmentloanswherethe proceedsoftheloanareappliedinIllinois.Iftheplace ofapplicationcannotbedetermined,thegrossreceipts areinIllinoisiftheofficeoftheborrowerfromwhichthe loanwasnegotiatedisinIllinois.If neither the place of application nor the office of the borrower can be determined, do not include the gross receipts in Lines 40 or 41; and

– creditcardreceivablesbilledtoacustomerinIllinois.• salesoftravelerschecksandmoneyordersatalocationinIllinois;• interest,dividends,netgains,andotherincomefrominvestmentandtradingassetsandactivities,wherethemajorityofyourcontactswiththeassetoractivityisinIllinois.Thestatetowhichanassetoractivityisassignedinyourbooksandrecordsforfederalorstateregulatoryrequirementsispresumedtobeproperunlessamajorityoftheevidenceshowsotherwiseoryoudonothaveafixedplaceofbusinessinthatstate.Iftheplacewiththemajorityofcontactscannotbedeterminedundertheserules,thegrossreceiptsareinIllinoisifyourcommercialdomicileisinIllinois.

• anyothertransaction,ifthegrossreceiptswouldbeincludedonLine41underthegeneralinstructionsforLine41.

Formoreinformation,seeIllinoisIncomeTaxRegulations,Section100.3405.DivideLine41byLine40andentertheresult,roundedtosixdecimalplaces,onLine42.CompleteLines43through46asindicatedinSpecificInstructionsforStep6—FigureyourincomeallocabletoIllinois.

What if I am a transportation company?IfyoucheckedtheboxinStep1,LineE,indicatingthatyouareacompanythatfurnishestransportationservicebothinsideandoutsideIllinois,crossouttheword“sales”onLines40and41andwrite“Transportation.”Youmustapportionbusinessincomeasfollows:A Transportation by airline — OnLine40,entertheamountofrevenuemileseverywhere.OnLine41,entertheamountofrevenuemilesinIllinois.DivideLine41byLine40andentertheresult,roundedtosixdecimalplaces,onLine42.

B Other modes of transportation —OnLine40,entertheamountofyourgrossreceiptsfromprovidingtransportationservices.OnLine41,entertheamountofgrossreceiptsfromIllinois,asfollows:

• allgrossreceiptsfromtransportationthatbothoriginatesandterminatesinIllinois;and

• grossreceiptsfrominterstatetransportation,multipliedbyafractionequaltothemilestraveledinIllinoisonallinterstatetripsdividedbymilestraveledeverywhereonallinterstatetrips.

DivideLine41byLine40andentertheresult,roundedtosix decimalplaces,onLine42.C Transportation of both freight and passengers or

transportation by airline and other modes —ComputeseparatefractionsforfreighttransportationandpassengertransportationbyairlineandforfreighttransportationandpassengertransportationbyallothermodesoftransportationunderAandB,inthelistaboveandenteronLine42theaverageofthosefractions,weightedbythegrossreceiptsfromfreightorpassengertransportationbyairlineorothermodes,roundedtosixdecimalplaces.

Formoreinformation,seeIllinoisIncomeTaxRegulations,Section100.3450.CompleteLines43through46asindicatedinSpecific InstructionsforStep6,FigureyourincomeallocabletoIllinois.

What if I am a federally regulated exchange?IfyoucheckedtheboxinStep1,LineE,indicatingthatyouareafederallyregulatedexchangeandyourincomeisderivedfrominsideandoutsideIllinois,crossouttheword“sales”onLines40and41andwrite“Exchange.”Youmayapportionyourbusinessincomeasfollows:OnLine40,entertheamountofbusinessincomefromallsources.OnLine41,entertheamountofbusinessincomefrom:• receiptsattributabletotransactionsexecutedonaphysicaltradingfloorlocatedinIllinois;

• receiptsattributabletoallothermatching,execution,orclearingtransactions.Thisincludes,withoutlimitation,receiptsfromtheprovisionofmatching,execution,orclearingservicestoanotherentity.

–Multiplythisamountby27.54percent(.2754)fortaxyearsendingonorafterDecember31,2013;and

• allotherreceiptsforsalesinIllinois.DivideLine41byLine40andentertheresult,roundedtosixdecimalplaces,onLine42.CompleteLines43through46asindicatedinSpecificInstructionsforStep6,FigureyourincomeallocabletoIllinois.

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Foranytaxyear,theIllinoisapportionmentpercentagecomputedusingthisformulamayneverbelessthantheIllinoisapportionmentpercentagecomputedforthefirstfulltaxyearendingonorafterDecember31,2013,forwhichthetaxpayerusedthisformula.

What if I am a member of a unitary business group?Theterm“unitarybusinessgroup”meansagroupofpersonsrelatedthroughcommonownership,whosebusinessactivitiesareintegratedwith,dependenton,andcontributetoeachother.Inthecaseofacorporation,commonownershipisdefinedasthedirectorindirectownershiporcontrolofmorethan50percentoftheoutstandingvotingstockofacorporation.Ifyoudeterminethatyouareamemberofaunitarybusinessgroup,seeIllinoisScheduleUBformoreinformationregardingyourIllinoisfilingrequirementsandthecomputationofyourIllinoistaxliability.OncetheIllinoisScheduleUBhasbeencompleted,youmustapportionyourbusinessincomeasfollows:OnLine40,enterthe“everywhere”salesfactoroftheentireunitarybusinessgroupfromIllinoisScheduleUB,Step4,Line2,ColumnD.OnLine41,enteronlyyourIllinoissales(includingyourshareofsalesofanyunitarypartnershipsinwhichyouareapartner).OnLines44and45,enteryourownnonbusinessincomeandtheIllinoisportionofbusinessincomefromnon-unitarypartnershipsorpartnershipsincludedonaScheduleUBinwhichyouareapartner,Scorporationsinwhichyouareashareholder,orfromtrustsorestatesofwhichyouareabeneficiary.

What if I want to use an alternative apportionment formula?IftheapportionmentmethodsprescribedbyIITA,Sections304(a)through(d),and(h)donotfairlyandaccuratelyrepresentthemarketforyourgoods,services,orothersourcesofbusinessincome,orleadtoagrosslydistortedresult,youmaywanttouseamoreaccuratealternativemethod.Ifyouwanttouseanalternativeapportionmentmethod,youmust receivepermissionfromIDORprior tofilingyourreturn.

YourrequestforanalternativeapportionmentformulamustfollowtherequirementoftheIllinoisIncomeTaxRegulations,Section100.3390.SeetheregulationsorcontacttheDepartmentformoreinformation.Ifyoureceivepermissiontouseanalternativeformula,youmustattachtoyourFormIL-1120-STacopyofthelettergrantingpermission.Sendyourrequestto: ILLINOIS DEPARTMENT OF REVENUE LEGAL SERVICES OFFICE SENIOR COUNSEL - INCOME TAX, 5-500 101 WEST JEFFERSON STREET SPRINGFIELD IL 62702

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General InformationRead this information before completing Illinois Schedule B. AmountslistedontheSchedule(s)K-1-PandSchedule(s)K-1-P(3)youcompletearecarriedtoyourIllinoisScheduleBandthenreportedonyourFormIL-1120-STorFormIL-1065.Therefore,youmustcompleteSchedule(s)K-1-PandSchedule(s)K-1-P(3)before completingScheduleB.

InordertoensureyoucompleteScheduleBcorrectly,dothefollowinginorder:

� CompleteallSchedule(s)K-1-PandSchedule(s)K-1-P(3),asapplicable,foryourmembersbeforecompletinganysectionofIllinoisScheduleB.TheinformationreportedonSchedule(s)K-1-PandSchedule(s)K-1-P(3)willbeusedtocompleteIllinoisScheduleB.SeeScheduleK-1-P(1)formoreinformation.

� CompleteSectionBofIllinoisScheduleBbeforecompletingSectionAofIllinoisScheduleB.SectionBreportsspecificamountsfromeachScheduleK-1-PandScheduleK-1-P(3)youcompleted.SectionBisrequiredtobecompletedinfullinordertoavoidprocessingdelays,furthercorrespondence,ordelaysintheprocessingofanyoverpayments.

� CompleteSectionAoftheIllinoisScheduleB.SectionAreportstotalamountsfromSectionB,andisrequiredtobecompletedinfullinordertoavoidprocessingdelays,furthercorrespondence,ordelaysintheprocessingofanyoverpayments.

� CarrytheamountfromIllinoisScheduleB,SectionA,Line3andLine9toyourFormIL-1120-STorFormIL-1065,asapplicable.

SeetheScheduleK-1-P(1)instructionsandIllinoisScheduleBspecificinstructionsformoreinformation.

What is the purpose of Illinois Schedule B?ThepurposeofIllinoisScheduleB,Partners’orShareholders’Information,isforyoutoidentifyanypersonwhowasapartnerorshareholderatanytimeduringyourtaxyear.

TheIllinoisScheduleBalsoallowsyoutoidentifyyourpartnersorshareholdersthataresubjecttotheIllinoisPersonalPropertyTaxReplacementIncomeTaxandtofiguretheshareofdistributableincomeorlossthatistobeaddedtoorsubtractedfromyourbaseincome.

Inaddition,FormIL-1023-CandFormIL-1000havebeeneliminatedfortaxyearsendingonorafterDecember31,2014.TheamountsthatwouldhavebeenreportedonbehalfofyourmembersontheseformsmustbereportedonyourIllinoisScheduleB.TheIllinoisScheduleBhasbeenredesignedfortaxyearsendingonorafterDecember31,2014,toreportcertainitemsofincomeandcreditsreportedtoyourpartnersorshareholders,andpass-throughwithholdingpaymentsmadeonbehalfofyournonresidentpartnersorshareholders.Foradefinitionofresidentandnonresidentpartnersorshareholderssee“Whatisaresident”and“Whatisanonresident?”below.

Is Schedule B required?Yes.Youarerequiredtohaveacopyofthisformonfile.Youmust attachacopytoyourFormIL-1065,IllinoisPartnershipReplacementTaxReturn,oryourFormIL-1120-ST,IllinoisSmallBusinessCorporationReplacementTaxReturn,tosupporttheadditionmodificationclaimedonFormIL-1065,Step4,Line21orFormIL-1120-ST,Step4,Line20,orthesubtractionmodificationclaimedonFormIL-1065,Step5,Line27,orFormIL-1120-ST,Step5,Line24.

Inaddition,IllinoisScheduleBhasreplacedFormIL-1023-CandFormIL-1000fortaxyearsendingonorafterDecember31,2014,andsupportstheamountreportedonFormIL-1065,Step8,Line59,andFormIL-1120-ST,Step8,Line58,aspass-throughwithholdingpaymentsyouoweonbehalfofyournonresidentmembers.Therefore,youmustfollowtheinstructionsforIllinoisScheduleB,completeitinfull,andattachittoyourreturn.

YoumustuseformsprescribedbytheIllinoisDepartmentofRevenue.SeparatestatementsnotonformsprovidedorapprovedbytheDepartmentwillnotbeacceptedandyouwillbeaskedforappropriatedocumentation.Failure to comply with this requirement may delay the processing of your return or the generation of any overpayment.Additionally,failuretosubmitappropriatedocumentationwhenrequestedmayresultinareferraltoourAuditBureauforcomplianceaction.

Partnerships and S corporations must complete Illinois Schedule B. Donotsendacomputerprintoutwithlinenumbersanddollaramountsattachedtoablankcopyoftheschedule.Computergeneratedprintoutsarenotacceptable,eveniftheyareinthesameformatastheDepartment’sforms.ComputergeneratedformsfromaDepartment-approvedsoftwaredeveloperareacceptable.

What is a resident?Aresidentis

• anindividualwhoispresentinIllinoisforotherthanatemporaryortransitorypurpose;

• anindividualwhoisabsentfromIllinoisforatemporaryortransitorypurposebutwhoisdomiciledinIllinois;

• theestateofadecedentwhoathisorherdeathwasdomiciledinIllinois;

• atrustcreatedbyawillofadecedentwhoathisorherdeathwasdomiciledinIllinois;or

• anirrevocabletrust,whosegrantorwasdomiciledinIllinoisatthetimethetrustbecameirrevocable.Forpurposesofthisdefinition,atrustisirrevocabletotheextentthatthegrantorisnottreatedastheownerofthetrustunderInternalRevenueCode(IRC)Sections671through678.

What is a nonresident?Anonresidentisapersonwhoisnotaresident,aspreviouslydefined.Corporations,Scorporations,partnerships,andexemptorganizationsareconsiderednonresidentsforpurposesofIllinoisScheduleB.

What do Section B, Columns G through J report?ColumnsGthroughJreportcertainitemsofincome,credits,andpass-throughwithholdingpaymentsyoureportedtoyournonresidentmembersontheScheduleK-1-Pyouissuedtothem.

How do I determine the amounts to report in Section B, Columns G through J?BeforecompletingIllinoisScheduleByoumustcompleteSchedule(s)K-1-PandSchedule(s)K-1-P(3)foreachofyournonresidentmembers,asapplicable.TheamountsreportedonthosescheduleswillbeusedtocompleteIllinoisScheduleB,SectionB,ColumnsGthroughJ.

SeeScheduleK-1-P(1)forinstructionsandmoreinformationaboutScheduleK-1-P(3).

Illinois Schedule B Instructions

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Specific InstructionsSection A: Total members’ information

CompleteSchedule(s)K-1-PandSchedule(s)K-1-P(3), asapplicable,andallofIllinoisScheduleB,SectionB,beforecompletingSectionA.

IllinoisScheduleB,SectionAshouldbecompletedusingthetotalsfromIllinoisScheduleB,SectionB.WhenyousubmityourreturnyoushouldonlyattachasinglepageofSectionA.IfyourequiremultiplepagesofSectionB,youmayattachasmanypagesofSectionBasrequiredbehindSectionA.

Lines 1 through 3 — Reportamountsforboth resident and nonresident members.

Line 1 — AddtheamountsyoureportedonStep3,ColumnA,Line10throughLine19,ofalltheSchedule(s)K-1-Pyouissuedtoyourpartnersorshareholdersandenterthetotalhere.Includeamountsyoureportedtobothyourresidentandnonresidentmembers.

Line 2 —AddtheamountyoureportedonStep7,Line52athroughLine52n,ofalltheSchedule(s)K-1-Pyouissuedtoyourpartnersorshareholdersyouissuedtoyourpartnersorshareholdersandenterthetotalhere.Includeamountsyoureportedtobothyourresidentandnonresidentmembers.

Line 3 —AddtheamountsshowninSectionB,ColumnEforallthepartnersorshareholdersforwhichyouhavecheckedtheboxinSectionB,ColumnD.

Donotinclude

• partnersorshareholdersthatareidentifiedasindividualsorestatesinSectionB,ColumnB,or

• grantortrustsorotherdisregardedentitieswhosegrantororownerisanindividualorestate.

Enterthetotalamountonthisline.Ifthisisa

• positiveamount,enterthisamountonyourFormIL-1065,Line27orFormIL-1120-ST,Line24.

• negativeamount(loss),enterthisamountasapositiveamountonyourFormIL-1065,Line21orFormIL-1120-ST,Line20.

Lines 4 through 9 — Reportamountsfornonresident members only.

Line 4 —Enterthetotalamountofpass-throughwithholdingpaymentsyoureportedontheSchedule(s)K-1-Pyouissuedtoyournonresident individual members only.TotaltheamountsreportedinSectionB,ColumnJ,formembersthatareidentifiedwithan“I”inSectionB,ColumnB,andenterithere.

Line 5 —Enterthetotalamountofpass-throughwithholdingpaymentsyoureportedontheSchedule(s)K-1-Pyouissuedtoyournonresident estate members only.TotaltheamountsreportedinSectionB,ColumnJ,formembersthatareidentifiedwithan“M”inSectionB,ColumnB,andenterithere.

Line 6 —Enterthetotalamountofpass-throughwithholdingpaymentsyoureportedontheSchedule(s)K-1-Pyouissuedtoyourpartnership and S corporation members only.TotaltheamountsreportedinSectionB,ColumnJ,formembersthatareidentifiedwitha “P”or“S”inSectionB,ColumnB,andenterithere.

Line 7 —Enterthetotalamountofpass-throughwithholdingpaymentsyoureportedontheSchedule(s)K-1-Pyouissuedtoyournonresident trust members only.Includemembersidentifiedasanexemptorganization(trust).TotaltheamountsreportedinSectionB,ColumnJ,formembersthatareidentifiedwitha“T”or“A”inSectionB,ColumnB,andenterithere.

Line 8 —Enterthetotalamountofpass-throughwithholdingpaymentsyoureportedontheSchedule(s)K-1-PyouissuedtoyourC corporation members only.Includemembersidentifiedasanexemptorganization(corporation).Totaltheamountsreportedin

SectionB,ColumnJ,formembersthatareidentifiedwitha“C”or“N”inSectionB,ColumnB,andenterithere.

Line 9 —AddSectionA,Lines4through8ofthisIllinoisScheduleBandenterthisamounthereandonFormIL-1065,Line59orFormIL-1120-ST,Line58.TheamountonLine9shouldmatchthetotalamountfromScheduleB,SectionB,ColumnJforallnonresidentmembersonallpages.

IfyoucompletedmultiplepagesofSectionB,completeSectionAonetimereportingthetotalsfromallpagesofSectionB.PlaceallpagesofSectionBbehindthesinglepageofSectionA,andattachthemtoyourreturn.

Section B: Members’ information Lines 1 through 5 — Column A —Enterthenameandaddressofeachpartnerorshareholder.Usethefollowingexamplesasaguide.

If the partner or shareholder is an individual,usethefollowingformats:

JohnDoe JohnandMaryDoe JohnDoe

111W.MainStreet 111WMainStreet %MaryDoe

Anytown,IL62666 Anytown,IL62666 111WMainSt.#5A

Anytown,IL62666

If the partner or shareholder is a trust or an estate, usethefollowingformats:

JohnDoeBankruptcyTrust EstateofJohnDoe

%MaryDoe,Trustee 111WMainSt.,Ste4A

111WMainStreet,Suite4A Anytown,IL62666

Anytown,IL62666

If the partner or shareholder is a corporation (including S corporations), or a partnership,usethefollowingformats:

IllinoisBigBusinessGroup IllinoisSmallBusinessGroup

%JohnDoe,VPFinance %MaryDoe

111WestMainStreet,Suite4 111WestMainStreet

Anytown,IL62666 Anytown,IL62666

Column B —Indicatethetypeofeachpartner’sorshareholder’sorganization.Enter

• “I”forindividual • “S”forScorporation

• “P”forpartnership • “A”forexemptorganization(trust)

• “M”forestate • “N”forexemptorganization

• “T”fortrust (corporation)

• “C”forCcorporation

Ifthispartnerorshareholderisagrantortrustorotherdisregardedentity,entertheletterthatcorrespondstothetaxtypeofthegrantororowner.

Column C —EntertheentireSocialSecuritynumber(SSN)orfederalemployeridentificationnumber(FEIN)ofeachpartnerorshareholder.

IfthepartnerorshareholderisaforeignentityanddoesnothaveanSSNorFEIN,leavethiscolumnblankforthatpartnerorshareholder.Ifyouleavethiscolumnblank,youmaybecontactedforfurtherinformation.

Column D —ChecktheboxifthepartnerorshareholderissubjecttotheIllinoisPersonalPropertyTaxReplacementIncomeTaxorisanexemptorganization(includinganEmployeeStockOwnershipPlan(ESOP)).Individuals,estates,orgrantortrustsandotherdisregardedentitieswhosegrantorsorownersareindividualsorestatesarenot subjecttothistax.

Column E —Enterthetotalamountofbaseincomeorlossdistributabletothispartnerorshareholder,usingtheColumnEWorksheet.EntertheamountfromColumnEWorksheet,Line5,here.

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IL-1120-ST Instructions (R-06/18) Page 19 of 19

ThetotalofalltheamountsinColumnEmustequalyourtotalbaseincome,computedwithoutregardtotheadditionclaimedonyourFormIL-1065,Step4,Line21,orFormIL-1120-ST,Step4,Line20orthesubtractionclaimedonyourFormIL-1065,Step5,Lines26and27orFormIL-1120-ST,Step5,Line24.

Column F —Ifthepartnerorshareholderwasexcludedfrompass-throughwithholdingpaymentsindicatethereasonbyentering

•“R”ifthepartnerorshareholderisanIllinoisresident,

•“E”ifthepartnerorshareholderprovidedyouaFormIL-1000-E,CertificateofExemptionforPass-throughWithholdingPayments,indicatingthattheywouldpaytheirowntaxliability,or

PartnersorshareholderswhoprovideyouaFormIL-1000-Emustnotbeindividualtaxpayers.

• “N”ifthepartnerorshareholderwasanexemptorganizationandyoudidnotmakepass-throughwithholdingpaymentsontheirbehalf.

Taxpayersarenotrequiredtomakepass-throughwithholdingpaymentsonbehalfoftheirexemptorganizationmembers,butmaydosofortaxyearendingonorafterDecember31,2014.

Ifyouelectedtomakepass-throughwithholdingpaymentsonbehalfofanexemptorganizationmember,leavethiscolumnblankforthatmemberandcompleteColumnsGthroughJ.

Columns G through J—ProvidethefollowinginformationfromtheSchedule(s)K-1-PandSchedule(s)K-1-P(3)youcompletedforeachmemberlisted.

Column G—EntertheamountyoureportedonStep3,Line12,oftheScheduleK-1-P(3)youcompletedforthismember.Thisamountisthismember’sshareofIllinoisincomesubjecttopass-throughwithholding.

Thisamountisadollaramount.Donotlistapercentageinthiscolumn.

Column H—TotaltheamountyoureportedonStep3,Line13,andStep3,Line16,oftheScheduleK-1-P(3)youcompletedforthismember.EnterthatamountonColumnHforthismember.Thisamountisthismember’spass-throughwithholdingbeforecredits.

Column I—TotaltheamountyoureportedonStep3,Line14,andStep3,Line17,oftheScheduleK-1-P(3)youcompletedforthismember.EnterthatamountonColumnIforthismember.Thisamountisthismember’sdistributableshareofcredits.

Column J —Entertheamountofpass-through withholding paymentsthatyoumadeonbehalfofeachpartnerorshareholderandreportedtothemonScheduleK-1-P,Step7,Line54.

ThisshouldmatchtheamountreportedonStep3,Line19,oftheScheduleK-1-P(3)youcompletedforthismember.

Ifyouhavemorethanfivepartnersorshareholderstoreport,andadditionalspaceisneeded,completeandattachadditionalpagesofIllinoisScheduleB,SectionB.AfteryouhavecompletedSectionB,listingallrequiredamountsforyourmembers,completethesinglepageofIllinoisScheduleB,SectionA.

Column E WorksheetCompletethisworksheetforeachpartnerorshareholder.

1 EntertheshareofincomefromFormIL-1065orFormIL-1120-ST,Line14forthispartner orshareholder. 1 _________________

2 Entertheshareofadditionsdistributabletothispartnerorshareholderfrom FormIL-1065,Lines15through20andLine22or FormIL-1120-ST,Lines15through19andLine21. 2 _________________

3 AddLines1and2. 3 _________________

4 Entertheshareofsubtractionsdistributabletothispartnerorshareholderfrom FormIL-1065,Lines24through25and28through33or FormIL-1120-ST,Lines23and25through33. 4 _________________

5 SubtractLine4fromLine3.IfLine3isgreaterthanLine4(income), EntertheresultasapositiveamountinColumnEforthispartnerorshareholder. IfLine4isgreaterthanLine3(loss),entertheresultasanegativeamountin ColumnEforthispartnerorshareholder. 5 _________________


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Nebraska Draft€¦ · How to Calculate Your Estimated Income Tax Payment. Complete the Estimated Income Tax Worksheet (Worksheet) to compute your 2020 estimated income tax. If line

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Wisconsin Tax Bulletin · • Estimated payments and underpayment interest u nder secs. 71.29 and 71.84, Wis. Stats., apply to the tax-option (S) corporation for the taxable year

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Part-year resIdent - Virginia Tax · payments of estimated income tax if your estimated Virginia tax liability exceeds your Virginia withholding and other tax credits by more than

Part-year resIdent - Virginia Tax · payments of estimated income tax if your estimated Virginia tax liability exceeds your Virginia withholding and other tax credits by more than

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Tax payment, EPFO payments, ESIC payments

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Form 60-ES S Corporation Estimated Tax Payment Voucher ......Detach here and mail with payment Purpose An S corporation may, but is not required to, make estimated tax payments of

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Tax and Estimated WithholdingTips Taxable Fringe Benefits Sick Pay Pensions and Annuities Gambling Winnings Unemployment Compensation Federal Payments Backup Withholding Chapter 2

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festivalhoa.netfestivalhoa.net/YourCommunity/Hoa/Financial_Documents/TaxReturns 2012.pdfa 2011 overpayment credited to 2012 23a b 2012 estimated tax payments 23b d Tax deposited with

festivalhoa.netfestivalhoa.net/YourCommunity/Hoa/Financial_Documents/TaxReturns 2012.pdfa 2011 overpayment credited to 2012 23a b 2012 estimated tax payments 23b d Tax deposited with

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Iowa Individual Income Tax Tax information for individuals from the Do I Need to Make Estimated Payments?

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mef guide for software developers ty17...• Estimated payments for all tax types for Tax Year 2016 Electronic Returns Originators (EROs) authorized by the IRS to e-File federal Corporation,

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Constitutional Revenue Sharing Payments - May 2014 · Constitutional Revenue Sharing Payments to Cities, Villages, and Townships Final Estimated Estimated FY2012-13 Change from FY2013-14

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March 2017 Indiana Department of Revenue · This payment portal can be used to submit individual estimated tax payments (IT-40ES), corporate estimated tax payments (IT-6) and corporate

March 2017 Indiana Department of Revenue · This payment portal can be used to submit individual estimated tax payments (IT-40ES), corporate estimated tax payments (IT-6) and corporate

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2019 Clergy Tax Return Preparation Guide for 2017 Return ......Guide in the section “How do ministers pay their taxes?” (p. 9). The total amount of estimated tax payments made

2019 Clergy Tax Return Preparation Guide for 2017 Return ......Guide in the section “How do ministers pay their taxes?” (p. 9). The total amount of estimated tax payments made

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