2014 Form Il-1040-X Instructions (Page 4 of 4) in pdf

Line 30 – If you made tax payments with your Form IL-1040, a

Changes resulting from a net operating loss (NOL) or

previously filed Form IL-1040-X, or for any other reason (i.e., paying

capital loss carryback will not affect this penalty.

your electronic return balance due, responding to a notice or a

a late-payment penalty for unpaid tax if you do not pay the tax

bill, or an amount was collected from you), enter the total of all tax

you owe on time.

payments made. Do not include any penalty or interest you paid.

If you file an amended return before the extended due

Line 31 – Follow the instructions on the form.

date, this penalty will be adjusted based on the newly reported

Step 10: Adjusted Total Tax

tax. Also, tax required to be shown on the return that was not

previously reported is subject to this penalty if not paid by the

Line 32 – Enter the total amount of all previous overpayments,

original due date of the return. Changes resulting from a net

including refunds and overpayments you elected to apply to your

operating loss (NOL) or capital loss carryback will not affect

estimated tax, from your original Illinois Income Tax return, previously

this penalty.

filed Form IL-1040-X, or for any other reason. Do not include interest

that you have received or voluntary contributions.

If you are filing to report a federal change, this penalty will

Line 33 – Enter your original voluntary contributions to state funds.

not be assessed if you file Form IL-1040-X and pay the tax you

owe within 120 days of the federal acceptance date shown in

You may not change the amount of your voluntary contributions to

state funds made on your original Illinois Income Tax return.

Step 1, Line F.

a late-payment penalty for underpayement of estimated tax if

Line 34 – Follow the instructions on the form.

you were required to make estimated tax payments and failed to

Step 11: Refund or Amount You Owe

do so, or failed to pay the required amount by the payment due

date.

Line 35 – Follow the instructions on the form.

If you file an amended return before the extended due

We will reduce any overpayment by the amount of any

date, this penalty will be adjusted based on the newly reported

outstanding tax, penalties, and interest you owe and by amounts

tax. In most cases, if you file an amended return after the

you owe to other agencies or governments, if those debts have been

extended due date, any penalty for late payment of estimated tax

certified to us.

will remain as originally assessed.

Line 36 – Enter the amount from Line 35 you want refunded to you.

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

We will figure any interest due to you and include it in your refund.

financial institution.

If you want to deposit your refund directly into your checking

a cost of collection fee if you do not pay the amount you owe

or savings account, complete the direct deposit information.

within 30 days of the date printed on any bill, we send you.

Line 37 – Subtract Line 36 from Line 35. This is the amount of

interest on unpaid tax from the day after the original due

overpayment you elect to be applied against your estimated tax

date of your return through the date you pay the tax.

obligation.

If you received interest on the refund from your original Illinois

If you elect to apply your overpayment against your estimated tax

Income Tax return or a previously filed amended return and you file

obligation, see Form IL-1040 Instructions for more information.

an amended return that either reduces the original refund amount

If your overpayment accrues interest and you elect to

or results in a balance due, you must pay back the interest on the

apply your entire overpayment against your estimated tax, any

portion of the refund that you received in error.

interest you accrue will also be applied against your estimated tax.

Step 12 – Sign and date and third party designee

We will calculate the amount of interest and notify you.

Sign and date your return. If you have filed jointly, your spouse

receive a portion of your overpayment as a refund and apply the

must also sign the return. If you are filing for a minor, as a parent

remainder of your overpayment against your estimated tax, any

or guardian, you must sign the return. Staple all required copies of

interest you accrue will be included with your refund.

forms and schedules, powers of attorney, and letters of estate or

We will reduce any credit to your estimated tax by the amount

office to the back of the return. If you paid someone to prepare your

of any outstanding tax, penalties, and interest you owe. If your credit

return, that individual must also sign and date the return and provide

is reduced, you may owe a late-payment penalty for underpayment of

his or her tax identification number and a daytime phone number.

estimated tax. For more information, see Form IL-1040-ES.

Choose a third party designee (optional). If you want to allow

Line 38 – If Line 34 is greater than Line 31, subtract Line 31 from

another person to discuss this return and any previous return that

Line 34. This is the amount of tax you owe.

affects the liability reported on this return with us, check the box and

We encourage you to pay electronically using MyTax Illinois.

print the designee’s name and telephone number. The authorization

will allow your designee to answer any questions that arise during the

If you do not elect to pay electronically, complete the 2014

processing of your return, call us with questions about your return,

IL-1040-X-V, Payment Voucher for Amended Individual Income

and receive or respond to notices we send. The authorization will

Tax, and staple it, along with your payment, to the front of your

automatically end no later than one year after you file your amended

Form IL-1040-X.

return. You may revoke the authorization at any time by calling or

We will figure the amount of any penalties and interest you owe,

writing us.

and send you a bill for any amount due. However, if you prefer, you

may figure the penalties and interest you owe yourself. For more

information, see Publication 103, Penalties and Interest for Illinois

Taxes, on our website at tax.illinois.gov.

Penalties and Interest

The following penalties must be paid unless you can show that the

failure to timely file or pay is due to reasonable cause and not due to

willful neglect.

You may owe

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

extended due date.

Page 4 of 4

IL-1040-X Instructions (R-12/14)

2014 Form Il-1040-X Instructions Page 4

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