Form Il-505-I - Automatic Extension Payment For Individuals - 2006
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1Illinois Department of Revenue
IL-505-I
2006
Automatic Extension Payment
for Individuals Filing Form IL-1040
What is the purpose of Form IL-505-I?
extension period, we will grant you an extension of more than six
months to file your return only if the Internal Revenue Service (IRS)
The purpose of Form IL-505-I, Automatic Extension Payment, is to
grants you an additional extension.
provide taxpayers who are unable to file their Form IL-1040,
Individual Income Tax Return, by the due date a means of calculating
When should I file and pay?
and remitting their tentative tax liability on or before the original due
If you owe any tentative tax, and you pay with a paper check or
date of the return (see "When should I file and pay?").
money order, file Form IL-505-I along with your payment on or before
the original due date of your annual return, or as soon as you realize
Who must file Form IL-505-I?
you owe tentative tax.
You must file Form IL-505-I if all of the following apply to you:
Where should I file?
you cannot file your Form IL-1040 by the due date, and
you will owe a tentative tax (complete the Tax Payment Worksheet
Mail your Form IL-505-I to: Illinois Department of Revenue,
on the back of this page to determine this), and
P.O. Box 19005, Springfield, Illinois 62794-9005. Make your check
or money order payable to “Illinois Department of Revenue.”
you submit your payment by paper check or money order ( i.e.,
you do not use any electronic means, such as electronic funds
Be sure to write your Social Security number, tax year, and
transfer, to make your payment).
“IL-505-I” on your payment.
If Line 7 of the worksheet shows you owe tentative tax, you must pay
Will I owe penalties and interest?
the full amount due by the original due date of the return. An
You will owe a
extension of time to file does not extend the amount of time you
late-filing penalty if you do not file a processable return by the
have to make your payment.
extended due date,
late-payment penalty if you do not pay the tax you owe by the
Do not file Form IL-505-I if:
after you complete the Tax Payment Worksheet, you find that
original due date of the return, and
bad check penalty if your remittance is not honored by your
you do not owe additional tax, or
financial institution.
you make your extension payment electronically by credit card,
electronic funds transfer (EFT), or bank account debit.
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 return, you
penalties and interest.
may owe penalty and interest charges in addition to the tax. See
For more information about penalties and interest, see
“Will I owe penalties and interest?”
Publication 103, Penalties and Interest for Illinois Taxes. To receive a
copy of this publication, refer to "What if I need additional forms or
What are the extensions?
assistance?" on the back of this form.
Automatic Illinois six-month extension
What should I attach to my Form IL-1040?
We automatically grant all taxpayers a six-month extension of time to
If you file your return within the automatic six-month extension period,
file Form IL-1040. For calendar year filers, the filing date is
do not attach anything to your return to explain your delayed filing.
automatically extended to October 15. You are not required to file
If you file your return after the automatic six-month extension period
Form IL-505-I in order to obtain this automatic extension. However,
and the IRS grants you an extension of more than six months, you
you must pay any tentative tax due by the original due date of your
must attach a copy of the document granting your federal extension
return in order to avoid any late-payment penalty and interest on
to your Form IL-1040 to avoid a late-filing penalty.
unpaid tax.
Additional extension beyond six months
Be sure to claim any Form IL-505-I payments on your 2006
If you cannot file your Form IL-1040 within the automatic six-month
Form IL-1040, Line 18.
IL-505-I front (R-12/06)
Return only the bottom portion with your payment.
Illinois Department of Revenue
IL-505-I 2006
Automatic Extension Payment for Individuals
Official Use
(R-12/06)
Write your Social Security numbers in the order they appear on your federal return.
Do not file 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
/
12/06 or fiscal year ending
Month and year
.
$ _____________
_____
Your first name & initial
Spouse’s first name (& last name if different)
Your last name
Tentative tax due
Street address
Make your check or money order payable
Official Use
City
State
ZIP
to the "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
provide information could result in a penalty. This form has been approved by the Forms Management Center. IL-492-0068
SPRINGFIELD IL 62794–9005
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