Form Il-505-I - Automatic Extension Payment For Individuals - 2005
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1Illinois Department of Revenue
IL-505-I
2005
Automatic Extension Payment
for Individuals Filing Form IL-1040
extension ( e.g., federal Form 2688, Application for Additional
What is the purpose of Form IL-505-I?
Extension of Time To File).
The purpose of Form IL-505-I, Automatic Extension Payment, is to
File Form IL-505-I only if tentative tax is due and you pay with a
provide taxpayers who are unable to file their Form IL-1040,
paper check or money order. You must attach a copy of the approved
Individual Income Tax Return, by the due date a means of
federal extension to your Form IL-1040 when you file your return to
calculating and remitting their tentative tax liability on or before the
avoid a late-filing penalty.
original due date of the return (see "When should I file and pay?").
When should I file and pay?
Who must file Form IL-505-I?
If you owe any tentative tax, and you pay with a paper check or
You must file Form IL-505-I if all of the following apply to you:
money order, file Form IL-505-I along with your payment on or before
you complete the Tax Payment Worksheet on the back of this
the original due date of your annual return, or as soon as you realize
page and determine that you will owe a tentative tax, and
you owe tentative tax.
you submit your payment by paper check or money order (i.e., you
Where should I file?
do not use any electronic means, such as electronic funds
Mail your Form IL-505-I to: Illinois Department of Revenue,
transfer, to make your payment), and
P.O. Box 19005, Springfield, Illinois 62794-9005. Make your check
you can not file your Form IL-1040 by the due date.
or money order payable to “Illinois Department of Revenue.”
If Line 7 of the worksheet shows you owe tentative tax, you must pay
Be sure to write your Social Security number, tax year, and
the full amount due by the original due date of the return. An
“IL-505-I” on your payment.
extension of time to file does not extend the amount of time you
have to make your payment.
Will I owe penalties and interest?
Do not file Form IL-505-I if:
You will owe a
after you complete the Tax Payment Worksheet, you find that
late-filing penalty if you do not file a processable return by the
you do not owe additional tax, or
extended due date,
you make your extension payment electronically (by credit card,
late-payment penalty if you do not pay the tax you owe by the
Electronic Funds Transfer (EFT), or Electronic Funds Withdrawal),
original due date of the return, and
or
bad check penalty if your remittance is not honored by your
you are making an IL-700-H, Illinois Household Employer's
financial institution.
Tax Return, payment.
You will owe interest on tax from the day after the original due date
of your return through the date you pay the tax. We will bill you for
If an unpaid liability is disclosed when you file your
penalties and interest.
return, you may owe penalty and interest charges in addition to the
For more information about penalties and interest, see
tax. See “Will I owe penalties and interest?”
Publication 103, Penalties and Interest for Illinois Taxes. To receive a
What are the extensions?
copy of this publication, refer to "What if I need additional forms or
Automatic Illinois six-month extension
assistance?" on the back of this form.
We automatically grant all taxpayers a six-month extension of time to
What should I attach to my Form IL-1040?
file Form IL-1040. For calendar year filers, the filing date is
If you file your return within the automatic six-month extension
automatically extended to October 16. You are not required to file
period, do not attach anything to your return to explain your delayed
Form IL-505-I in order to obtain this automatic extension. However, you
filing.
must pay any tentative tax due in order to avoid any late-payment
If you file your return after the automatic six-month extension period
penalty and interest on tax not paid by the original due date of your
and the Internal Revenue Service grants you an extension of more
return.
than six months, you must attach a copy of your approved federal
Additional extension beyond six months
Form 2688 to your Form IL-1040 to avoid a late-filing penalty.
If you cannot file your Form IL-1040 within the automatic six-month
Be sure to claim any Form IL-505-I payments on your
extension period, we will grant you an extension of more than six
2005 Form IL-1040, Line 18.
months if the Internal Revenue Service grants you an additional
IL-505-I front (R-12/05)
Return only the bottom portion with your payment.
Illinois Department of Revenue
IL-505-I 2005
Automatic Extension Payment for Individuals
Official Use
(R-12/05)
For calendar year ending
/
12/05 or fiscal year ending
-
-
-
-
Month and year
Your Social Security number
Spouse’s Social Security number
Your first name & initial
Spouse’s first name (& last name if different)
Your last name
.
$ _____________
_____
Street address
Tentative tax due
City
State
ZIP
Make your check or money order payable
-
(
)
to the "Illinois Department of Revenue."
Daytime phone number
Official Use
Do not file this form if no payment is due or if you
Mail to:
make this payment electronically or by credit card.
ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19005
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to
SPRINGFIELD IL 62794–9005
provide information could result in a penalty. This form has been approved by the Forms Management Center. IL-492-0068
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