Fillable Form Il-505-I - Automatic Extension Payment

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Illinois Department of Revenue

IL-505-I

2008

Automatic Extension Payment

for Individuals Filing Form IL-1040

What is the purpose of Form IL-505-I?

When should I ﬁ le and pay?

The purpose of Form IL-505-I, Automatic Extension Payment, is to

If you owe any tentative tax, and you pay with a paper check or

provide taxpayers who are unable to ﬁ le their tax return by the due

money order, ﬁ le Form IL-505-I along with your payment on or before

date a means of calculating and remitting their tentative tax liability

the original due date of your annual return, or as soon as you realize

on or before the original due date of the return (see "When should I

you owe tentative tax.

ﬁ le and pay?").

Where should I ﬁ le?

Who must ﬁ le Form IL-505-I?

Mail your Form IL-505-I to: Illinois Department of Revenue,

You must ﬁ le Form IL-505-I if all of the following apply to you:

P.O. Box 19005, Springﬁ eld, Illinois 62794-9005. Make your check

or money order payable to “Illinois Department of Revenue.”

you cannot ﬁ le your tax return by the due date, and

Be sure to write your Social Security number, tax year, and

you will owe a tentative tax (complete the Tax Payment Worksheet

“IL-505-I” on your payment.

on the back of this page to determine this), and

you submit your payment by paper check or money order (i.e.,

Will I owe penalties and interest?

you do not use any electronic means, such as electronic funds

You will owe a

transfer, to make your payment).

late-ﬁ ling penalty if you do not ﬁ le a processable return by the

If Line 7 of the worksheet shows you owe tentative tax, you must

extended due date,

pay the full amount due by the original due date of the return. An

late-payment penalty if you do not pay the tax you owe by the

extension of time to ﬁ le does not extend the amount of time you

original due date of the return, and

have to make your payment.

bad check penalty if your remittance is not honored by your

ﬁ nancial institution.

Do not ﬁ le Form IL-505-I if:

You will owe interest on tax from the day after the original due date

after you complete the Tax Payment Worksheet, you ﬁ nd that

of your return through the date you pay the tax. We will bill you for

you do not owe additional tax, or

penalties and interest.

you make your extension payment electronically by credit card,

For more information about penalties and interest, see

electronic funds transfer (EFT), or bank account debit.

Publication 103, Penalties and Interest for Illinois Taxes. To receive

a copy of this publication, see "What if I need additional forms or

If an unpaid liability is disclosed when you ﬁ le your return,

assistance?" on the back of this form.

you may owe penalty and interest charges in addition to the tax. See

“Will I owe penalties and interest?”

What should I attach to my Form IL-1040?

If you ﬁ le your return within the automatic six-month extension period,

What are the extensions?

do not attach anything to your return to explain your delayed ﬁ ling.

Automatic Illinois six-month extension

If you ﬁ le your return after the automatic six-month extension period

We automatically grant you a six-month extension of time to ﬁ le your

and the IRS grants you an extension of more than six months, you

tax return. For calendar year ﬁ lers, the ﬁ ling date is automatically

must attach a copy of the document granting your federal extension

extended to October 15. You are not required to ﬁ le Form IL-505-I in

to your tax return to avoid a late-ﬁ ling penalty.

order to obtain this automatic extension. However, you must pay any

tentative tax due by the original due date of your return in order to

Be sure to claim any Form IL-505-I payments on your 2008

avoid any late-payment penalty and interest on unpaid tax.

Form IL-1040, Line 23.

Additional extension beyond six months

If you cannot ﬁ le your tax return within the automatic six-month

extension period, we will grant you an extension of more than six

months to ﬁ le only if the Internal Revenue Service (IRS) grants you

an additional extension.

IL-505-I front (R-12/08)

Return only the bottom portion with your payment.

Illinois Department of Revenue

IL-505-I 2008

Automatic Extension Payment for Individuals

(R-12/08)

Ofﬁ cial Use

Write your Social Security numbers in the order they appear on your federal return.

Do not ﬁ le this form if no payment is due or you pay

electronically or by credit card.

Your Social Security number

Spouse’s Social Security number

For calendar year ending

12/08 or ﬁ scal year ending

Month and year

Your ﬁ rst name & initial

Spouse’s ﬁ rst name & initial

Your last name

$ _____________

_____

Tentative tax due

Street address

Make your check or money order payable

City

State

ZIP

Ofﬁ cial Use

to "Illinois Department of Revenue."

(

)

Mail to:

Daytime phone number

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

Form Il-505-I - Automatic Extension Payment - 2008

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