Form Il-1120-X Draft - Amended Corporation Income And Replacement Tax Return - 2011 Page 3
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1
2
3A
B
*133103110*
As most recently
Step 6: Figure your net income
reported or adjusted
Corrected amount
35
35
35
Base income or net loss from Step 4, Line 23 or Step 5, Line 34.
_____________ 00
_____________ 00
36
36
36
Discharge of indebtedness adjustment. (U.S. Form 982).
_____________ 00
_____________ 00
37
37
37
Adjusted base income or net loss. Add Lines 35 and 36.
_____________ 00
_____________ 00
38
Illinois net loss deduction. If Line 37 is zero or negative, write “0”.
Not applicable for
Not applicable for
38
38
(Schedule NLD or UB/NLD).
this tax year.
_____________ 00
this tax year.
_____________ 00
39
39
39
Net income. Write the amount from Line 37.
_____________ 00
_____________ 00
Step 7: Figure your net replacement tax
40
40
40
Replacement tax. Multiply Line 39 by 2.5% (.025).
_____________ 00
_____________ 00
41
41
41
Recapture of investment credits (Schedule 4255).
_____________ 00
_____________ 00
42
42
42
Replacement tax before credits. Add Lines 40 and 41
_____________ 00
_____________ 00
.
43
43
43
Investment credits (Form IL-477).
_____________ 00
_____________ 00
44
44
44
Net replacement tax. Subtract Line 43 from Line 42. If negative, write “0”.
_____________ 00
_____________ 00
Step 8: Figure your net income tax
45
45
45
Income Tax
Multiply Line 39 by 7% (.07).
_____________ 00
_____________ 00
.
46
46
46
Recapture of investment credits (Schedule 4255).
_____________ 00
_____________ 00
47
47
47
Income tax before credits. Add Lines 45 and 46.
_____________ 00
_____________ 00
48
48
48
Income tax credits (Schedule 1299-D).
_____________ 00
_____________ 00
49
49
49
Net income tax. Subtract Line 48 from Line 47. If negative, write “0”.
_____________ 00
_____________ 00
Step 9: Figure your refund or balance due
50
50
50
Net replacement tax from Line 44.
_____________ 00
_____________ 00
51
51
51
Net income tax from Line 49
_____________ 00
_____________ 00
.
52
52
52
Total net income and replacement taxes. Add Lines 50 and 51
_____________ 00
_____________ 00
.
53 a
53a
Credit from prior year overpayment.
_____________ 00
b
53b
Total estimated payments.
_ ____________ 00
c
53c
Form IL-505-B (extension)payment.
_ ____________ 00
d
53d
Pass-through entity payments (Schedule(s) K-1-P or K-1-T).
_ ____________ 00
e
53e
Gambling withholding (Form(s) W-2G).
_____________ 00
54
54
Total payments. Add Lines 53a through 53e.
_____________ 00
55
55
Tax paid with original return (do not include penalties and interest).
_____________ 00
56
56
Subsequent tax payments made since the original return.
_____________ 00
57
57
Total tax paid. Add Lines 54, 55, and 56.
_____________ 00
58
Total amount of previous refunds and credits for the year being amended,
58
whether or not you received the overpayment.
_____________ 00
59
59
Net tax paid. Subtract Line 58 from Line 57.
_____________ 00
60
60
Refund. Subtract Line 52 from Line 59.
_____________ 00
61
61
Tax due. Subtract Line 59 from Line 52.
_____________ 00
62
62
Penalty. See instructions.
_____________ 00
63
63
Interest. See instructions.
_____________ 00
64
64
Total balance due. Add Lines 61 through 63.
_____________ 00
Step 10: 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
IL-1120-X (R-12/11)
Page 3 of 4
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