Form Il-1120-St-X - Amended Small Business Corporation Replacement Tax Return - 2007 Page 3
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1
2
3A
B
As most recently
Corrected amount
reported or adjusted
Step 8: Figure your net income
48
48
48
Base income or net loss from Line 36 or Line 47.
____________|____
____________|____
49
Illinois net loss deduction (Schedule NLD).
49
49
If Line 48 is zero or a negative amount, write “0.”
____________|____
____________|____
50
50
50
Net income. Subtract Line 49 from Line 48.
____________|____
____________|____
Step 9: Figure your net replacement tax
51
51
51
Replacement Tax. Multiply Line 50 by 1.5% (.015).
____________|____
____________|____
52
52
52
Recapture of investment credits (Schedule 4255).
____________|____
____________|____
53
53
53
Replacement Tax before investment credits. Add Lines 51 and 52
____________|____
____________|____
.
54
54
54
Investment credits (Form IL-477).
____________|____
____________|____
55
Net replacement tax. Subtract Line 54 from Line 53.
55
55
If negative, write “0.”
____________|____
____________|____
Step 10: Figure your refund or balance due
56
Payments
a
a Credit from prior year overpayment.
____________|____
b
b Form IL-505-B (extension) payment.
____________|____
56
Total payments. Add Lines 56a and 56b.
____________|____
57
57
Tax paid with original return (do not include penalties and interest).
____________|____
58
58
Subsequent tax payments made since the original return.
____________|____
59
59
Total tax paid. Add Lines 56, 57, and 58.
____________|____
60
60
Total amount previously refunded and/or credited for the year being amended.
____________|____
61
61
Net tax paid. Subtract Line 60 from Line 59.
____________|____
62
62
Refund. Subtract Line 55 from Line 61.
____________|____
63
63
Tax due. Subtract Line 61 from Line 55.
____________|____
64
64
Penalty (See instructions.)
____________|____
65
65
Interest (See instructions.)
____________|____
66
66
Total balance due. Add Lines 63 through 65.
____________|____
Make your check payable to “Illinois Department of Revenue.”
Write the amount of your payment on the top of Page 1 in the space provided.
Step 11: Sign here
Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete.
___________________________________________________ ____/_____/______
________________________
(____)________________
Signature of authorized officer
Date
Title
Phone
___________________________________________________ ____/____/_______
________________________________
Signature of preparer
Date
Preparer’s Social Security Number or firm’s FEIN
______________________________________
_______________________________________________________ (____)________________
Preparer firm’s name (or yours, if self-employed)
Address
Phone
Mail this return to: Illinois Department of Revenue, P.O. Box 19016, Springfield, IL 62794-9016
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide information could
result in a penalty. This form has been approved by the Forms Management Center.
IL-492-4507
IL-1120-ST-X (R-12/07)
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