Form Il-1120-X - Amended Corporation Income And Replacement Tax Return - 2008 Page 3
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1
2
3A
B
As most recently
Corrected amount
reported or adjusted
Step 7: Figure your net replacement tax
40
40
40
Replacement tax. Multiply Line 39 by 2.5% (.025).
____________|____
___________|____
41
41
41
Recapture of investment credits (Schedule 4255).
____________|____
___________|____
42
42
42
Replacement tax before credits. Add Lines 40 and 41
____________|____
___________|____
.
43
43
43
Investment credits (Form IL-477).
____________|____
___________|____
44
Net replacement tax. Subtract Line 43 from Line 42.
44
44
If negative, write “0.”
____________|____
___________|____
Step 8: Figure your net income tax
45
45
45
Income Tax
Multiply Line 39 by 4.8% (.048).
____________|____
____________|____
.
46
46
46
Recapture of investment credits (Schedule 4255).
____________|____
____________|____
47
47
47
Income tax before credits. Add Lines 45 and 46.
____________|____
____________|____
48
48
48
Income tax credits (Schedule 1299-D).
____________|____
____________|____
49
Net income tax. Subtract Line 48 from Line 47.
49
49
If negative, write “0.”
____________|____
____________|____
Step 9: Figure your refund or balance due
50
50
50
Net replacement tax from Line 44.
____________|____
____________|____
51
51
51
Net income tax from Line 49
____________|____
____________|____
.
52
Total net income and replacement taxes.
52
52
Add Lines 50 and 51
____________|____
____________|____
.
53
Payments
a
a
Credit from prior year overpayment.
____________|____
b
b
Total estimated payments.
____________|____
c
c
Form IL-505-B (extension) payment.
____________|____
d
d
Pass-through entity payments from Schedule K-1-P or K-1-T.
____________|____
53
Total payments. Add Lines 53a through 53d.
____________|____
54
54
Tax paid with original return (do not include penalties and interest).
____________|____
55
55
Subsequent tax payments made since the original return.
____________|____
56
56
Total tax paid. Add Lines 53, 54, and 55.
____________|____
57
57
Total amount previously refunded and/or credited for the year being amended.
____________|____
58
58
Net tax paid. Subtract Line 57 from Line 56.
____________|____
59
59
Refund. Subtract Line 52 from Line 58.
____________|____
60
60
Tax due. Subtract Line 58 from Line 52.
____________|____
61
61
Penalty (See instructions.)
____________|____
62
62
Interest (See instructions.)
____________|____
63
63
Total balance due. Add Lines 60 through 62.
____________|____
Make your check payable to “Illinois Department of Revenue.”
Write the amount of your payment on the top of Page 1 in the space provided.
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 offi cer
Date
Title
Phone
_________________________________________________
____/____/_______
________________________________
Signature of preparer
Date
Preparer’s Social Security Number of fi rm’s FEIN
______________________________________
_______________________________________________________ (____)________________
Preparer fi rm’s name (or yours, if self-employed)
Address
Phone
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide information could
result in a penalty. This form has been approved by the Forms Management Center.
IL-492-0106
IL-1120-X (R-12/08)
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