Schedule 80/20 - Related-Party Expenses Form
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Illinois Department of Revenue
Year ending
Schedule 80/20
Related-Party Expenses
____ ____
Month
Year
Attach to your Form IL-20, IL-20-ST, IL-065, or IL-04. For tax years ending on or after December 3, 2004.
IL Attachment No. 14
Write your name as shown on your Form IL-20.
Write your Federal employer identification number (FEIN).
____________________________________________________
____ ____ - ____ ____ ____ ____ ____ ____ ____
Step 1: Identify your 80/20 companies
A
B
C
D
TOTALS
1
Write the name of each
1
80/20 company
_______________________ ______________________
______________________
2
Write the FEIN for each 80/20
2
company, if applicable.
__ __ - __ __ __ __ __ __ __ __ __-__ __ __ __ __ __ __
__ __-__ __ __ __ __ __ __
Step 2: Figure your addition modification
(All taxpayers - complete Lines 3 through 7)
3 a
Amount of interest paid to
a
each 80/20 company.
___________________
___________________
___________________
b
Interest exempt from
b
the amount on Line 3a.
___________________
___________________
___________________
c
Subtract Line 3b from 3a.
This is the interest amount
you must include in the
c
addition modification.
___________________
___________________
___________________
4
Amount of dividends received
4
from each 80/20 company.
___________________
___________________
___________________
5
Subtract Line 4 from Line 3c.
If negative, write the amount
5
in brackets.
___________________
___________________
___________________
6a
Intangible expenses paid to
a
each 80/20 company.
___________________
___________________
___________________
b
Intangible expenses exempt
b
from the amount on Line 6a.
___________________
___________________
___________________
c
Subtract Line 6b from 6a.
This is the intangible
expenses amount you must
include in the addition
c
modification.
___________________
___________________
___________________
7
Add Lines 5 and 6c. If the
result is negative, write “0”
7
7
and see instructions.
___________________
___________________
___________________
_______________
Step 3: Figure your subtraction allowance
(All taxpayers - complete Lines 8 through 11.)
8
Write the amount of interest
received from each 80/20
8
company.
___________________
___________________
___________________
9
Write the lesser of Line 5 or
Line 8. If Line 5 is negative,
9
9
write “0.”
___________________
___________________
___________________
_______________
10
Write the amount of
intangible income received
10
from each 80/20 company.
___________________
___________________
___________________
11
Write the lesser of
Lines 6c, 7, or 0. If Line 7
11
11
_______________
is negative, write “0.”
___________________
___________________
___________________
12
Add lines 9 and .
Write the result here and
12
_______________
on Line 3.
Schedule 80/20 (R-2/07)
Page of 4
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