Form Il-1023-Ces - Composite Estimated Tax Payments For Partners And Shareholders 2012
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Composite Estimated Tax Payments
Illinois Department of Revenue
IL-1023-CES
2012
for Partners and Shareholders
Who must make composite estimated payments?
When should I reconcile any payments made?
A partnership or subchapter S corporation, acting as the authorized
If you expect any tax due, you must reconcile annually by filing
agent, is not required to make estimated payments for its partners
Form IL-1023-C on or before the 15th day of the 4th month,
or shareholders. However, it may do so by filing Form IL-1023-CES
following the close of your tax year and pay any remaining tax
on behalf of partners or shareholders. Do not use
due. To compute the remaining tax due, subtract any payments
Form IL-1000-P, Prepayment Voucher for Pass-through Entities,
previously made from the total tax due. If you made any
Form IL-1040-ES, Estimated Income Tax Payments for Individuals,
estimated payments, you must file Form IL-1023-C in order to
or Form IL-1120-ES, Estimated Income and Replacement Tax
receive a refund or credit of any overpayment. You may not
Payments for Corporations, to make these payments.
apply this overpayment or any Form IL-1023-C payments to your
own liability or to an individual return of any of your partners or
You should complete the worksheet in Step 1 to figure your
shareholders.
estimated tax for 2012 and determine the amount of each
estimated tax payment.
If you are unable to file Form IL-1023-C by the original due date,
you must use Form IL-505-B, Automatic Extension Payment,
When should I file and pay?
to pay any remaining tax due to avoid the assessment of
Your payment due dates are determined by the authorized agent’s
penalties and interest. For more information, see Form IL-2220,
tax year. If you, as the authorized agent, file on a calendar year
Computation of Penalties for Businesses.
basis, your estimated payments are due by April 15, June 15,
Where should I file?
September 15, and January 15 of the subsequent year.
Mail your vouchers, with your payment, to
If you, as the authorized agent, file on a fiscal year basis, the
ILLINOIS DEPARTMENT OF REVENUE
estimated payment due dates are the 15th day of the 4th month,
PO BOX 19053
6th month, and 9th month of the fiscal year, and the 1st month of
SPRINGFIELD IL 62794-9053
the subsequent year.
Attach each payment to the voucher, Form IL-1023-CES. Do
Do not send payments to commercial bank depositories as
not send estimated tax payments with your Form IL-1023-C,
designated by the Internal Revenue Service (IRS).
Composite Income and Replacement Tax Return.
What if I need additional assistance?
Make your check or money order payable to “Illinois
• Visit our website at tax.illinois.gov;
Department of Revenue.”
• Call our Taxpayer Assistance Division at 1 800 732-8866 or
You, as authorized agent, are responsible for submitting
217 782-3336; or
composite forms and payments on behalf of your partners or
• Call our TDD (telecommunications device for the deaf) at
shareholders.
1 800 544-5304.
You may be required to make your payments
Our office hours are 8:00 a.m. to 5:00 p.m., Monday through
electronically. For more information, see Informational Bulletin
Friday.
FY 2011-01.
What if I need additional forms?
Do not file Form IL-1023-CES if you make your estimated pay-
• Visit our website at tax.illinois.gov;
ment by Electronic Funds Transfer.
• Call our 24-hour Forms Order Line at 1 800 356-6302; or
• Write to us at P.O. Box 19010, Springfield, Illinois 62794-9010.
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
Page 1 of 3
information is REQUIRED. Failure to provide information could result in a penalty.
IL-1023-CES (R-12/11)
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