Form Il-1120 - Corporation Income And Replacement Tax Return - 2007
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Illinois Department of Revenue
2007 Form IL-1120
Corporation Income and Replacement Tax Return
Due on or before the 5th day of the 3rd month following the close of the tax year.
If this return is not for calendar year 2007, write your fiscal tax year here.
Write the amount you are paying.
$_________________________
Tax year beginning _____/_____, 2007, ending _____/_____/ 20__ __
Step 1: Provide the following business information
A
Write your business name and mailing address.
G
Write your federal employer identification no. (FEIN).
If you have an address change, check this box.
___ ___ - ___ ___ ___ ___ ___ ___ ___
__________________________________________________________
Name
H
Write your Illinois Business Tax number (IBT).
__________________________________________________________
___ ___ ___ ___ - ___ ___ ___ ___
C/O
__________________________________________________________
I
If you are a member of a group filing a federal
Mailing address
consolidated return, write the FEIN of the parent.
__________________________________________________________
City
State
ZIP
___ ___ - ___ ___ ___ ___ ___ ___ ___
B
J
Check the box if one of the following apply.
Write the state and zip code where your
accounting records are kept. (Use the two-letter
first return
final return (If final, write the date ___/___/___)
postal abbreviation. E.g., IL, GA, etc.)
____________________________________
C
State
Zip
If this is a final return because you sold this business, write
the date sold ___/___/___ , and the new owner’s FEIN.
K
If you are making the business income election, to
___ ___ - ___ ___ ___ ___ ___ ___ ___
treat all nonbusiness income as business income,
check here and write “0” on Lines 26 and 34.
D
Check the box if your business is
L
Check this box if you annualized your income on
Combined return (unitary)
Foreign insurer
Form IL-2220.
E
If you have completed the following federal forms, check the box and
M
Check your method of accounting.
attach them to this return.
Cash
Accrual
Other __________
Federal Form 8886
Federal Schedule M-3
N
Check the box if you attached Illinois
F
Special Apportionment Formulas. If you use a special apportionment formula,
Schedule 299-D, Income Tax Credits.
mark the appropriate box and see Special Apportionment Formula instructions.
O
Insurance companies
Financial organizations
Write your Illinois corporate file (charter) number.
_________________________________
Transportation companies
S tep 2: Figure your income or loss
1
Federal Taxable Income from U.S. Form 20, Line 30, or
1
U.S. Form 20-A, Line 26. Attach a copy of your federal return.
_______________|____
2
Net operating loss deduction from U.S. Form 20, Line 29a, or
2
U.S. Form 20-A, Line 25a (this amount cannot be negative).
_______________|____
3
3
State, municipal, and other interest income excluded from Line .
_______________|____
4
4
Illinois income and replacement tax deducted in arriving at Line .
_______________|____
5
5
Illinois Bonus Depreciation addition. Attach Form IL-4562.
_______________|____
6
6
Related-Party Expenses additions. Attach Schedule 80/20.
_______________|____
7
7
Distributive shares of additions. Attach Schedule K--P or K--T.
_______________|____
8
8
Other additions. Attach Schedule M (for businesses).
_______________|____
9
9
Add Lines through 8. This amount is your income or loss.
_______________|____
NS
DR_______
Page of 3
Form IL-20 (R-2/07)
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