Form Il-1120-X - Amended Corporation Income And Replacement Tax Return Page 2
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1
2Part III – Base income or loss allocable to Illinois
A
B
C
As originally
Net change
Corrected amount
increase or decrease
reported or adjusted
(explain in Part V)
1
Write your base income or loss from Part I, Line 7.
1
1
____________|____
____________|____
(Unitary filers, refer to Schedule UB instructions.)
2 a
2a
2a
____________|____
____________|____
____________|____
Nonbusiness income or loss (See instructions.)
b
Business income or loss from non-unitary partnerships, trusts,
2b
2b
____________|____
____________|____
____________|____
and estates included in Line 1
3
3
3
____________|____
____________|____
Add Lines 2a and 2b. This is the total of your subtractions.
4
4
4
____________|____
____________|____
Subtract Line 3 from Line 1. This is your business income or loss.
5
(Report revised amounts only)
Business income apportionment formula. (Insurance companies, financial organizations,
transportation companies, and unitary businesses should refer to Form IL-1120
instructions for Special Apportionment Formulas.)
1
2
3
4
5
Total everywhere
Within Illinois
Ratio
Weighted
Weighted
Column 2 ÷ Column 1
factors
totals
(cannot be negative)
(cannot be negative)
(carry to six decimal places) (12/31/98-12/30/00)
(12/31/98-12/30/00)
a
5a
_________________________ _________________________
• ___________ X • _______ = • ___________
Property factor
b
5b
_________________________ _________________________
• ___________ X • _______ = • ___________
Payroll factor
c
5c
_________________________ _________________________
• ___________ X • _______ = • ___________
Sales factor
d
• ___________
Sales factor (Tax years ending 1/1/87 through 12/30/98.)
5d
6
6
• ___________
Total. Add Column 3, Lines 5a through 5d.
7
Average.
a
For tax years ending 1/1/87 through 12/30/98, if all factors are used, divide Line 6 by 4;
7a
• ___________
otherwise, refer to Form IL-1120 instructions for the year being amended.
b
7b
• ___________
For tax years ending 12/31/98 through 12/30/2000. Add Column 5, Lines 5a through 5c. (See instructions.)
c
For tax years ending on or after 12/31/2000. Single factor - sales.
7c
• ___________
Complete Line 5c only, Columns 1 through 3. Write the amount from Line 5c, Column 3, here.
A
B
C
8
As originally
Net change
Corrected amount
Business income or loss apportionable to Illinois. For Column C, multiply
reported or adjusted
increase or decrease
Line 4, Column C, by the original average if unchanged, or the average
(explain in Part V)
as revised on Line 7a, 7b, or 7c above. Explain in Part V any revision or
.
8
8
____________|____
___________|____
correction of the factors originally reported, that is shown above
9
9
9
____________|____
____________|____
___________|____
Nonbusiness income or loss allocable to Illinois (See instructions.)
10
10
10
____________|____
____________|____
___________|____
Partnership, trust, and estate business income or loss apportionable to Illinois
11
Add Lines 8 through 10. This is your base income or net loss allocable
11
11
____________|____
___________|____
to Illinois. Write here and on Part IV, Line 1, Columns A and C.
Part IV – Net income and replacement tax
1
Write your base income or net loss allocable to Illinois from Part III,
1
1
____________|____
____________|____
Line 11, if applicable; otherwise, from Part I, Line 7 (See instructions.)
Check this box if Line 1, Column C, is a loss and you are electing to
a
only carry this loss forward. (See instructions.)
2
2
2
____________|____
____________|____
____________|____
Illinois net loss deduction (NLD). Complete Schedule NLD (See instructions).
3
3
3
____________|____
____________|____
Subtract Line 2 from Line 1 (cannot be less than zero). Income after NLD.
For tax years ending before 12/31/03, complete all Lines. For tax years ending on
or after 12/31/03, write the amount from Line 3 on Line 6 and continue to Line 7.
4
4
4
____________|____
____________|____
Write your total base income from Part I, Line 7.
5
Divide Line 1 by Line 4. Multiply the result by $1,000 (not to exceed $1,000).
5
5
____________|____
____________|____
____________|____
This is your standard exemption.
6
6
6
____________|____
____________|____
Subtract Line 5 from Line 3. Net income. Write here and on Part I, Line 8.
7 a
7a
7a
____________|____
____________|____
____________|____
Multiply Line 6 by 2.5% (.025). This is your replacement tax.
b
7b
7b
____________|____
____________|____
____________|____
Recapture of investment credits from Schedule 4255
8
8
8
____________|____
____________|____
____________|____
Add Lines 7a and 7b. This is your total replacement tax.
9
9
9
____________|____
____________|____
____________|____
Investment credits from Form IL-477
10
Subtract Line 9 from Line 8 (cannot be less than zero). Net replacement tax.
10
10
____________|____
____________|____
____________|____
Write the result here and on Part I, Line 14, Columns A and C.
Part V – Explain, in detail, any changes being reported.
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.
Sign
_______________________________________________________/_____/______
________________________
(____)________________
Signature of authorized officer
Date
Title
Phone
Check if self-
here
_______________________________________________________/____/_______
________________________________
employed
Signature of preparer
Date
Preparer’s SSN, FEIN, or PTIN
______________________________________
_______________________________________________________
(____)________________
Phone
Preparer firm’s name (or yours, if self-employed)
Address
IL-1120-X back (R-12/05)
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