Form Il-505-B - Automatic Extension Payment - 2002
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1
2Illinois Department of Revenue
IL-505-B
Automatic Extension Payment
Who must file Form IL-505-B?
Make your check or money order payable to
required to file Form IL-505-B to obtain this
“Illinois Department of Revenue.” Be sure to
extension if no tentative tax is due.
If you are a corporation, small business
write your FEIN, tax year, and “IL-505-B”
Additional federal extension beyond
corporation, partnership, fiduciary, or an
on your payment. Mail your Form IL-505-B,
six months —
We will grant you an
exempt organization and you cannot file your
with your payment, to Illinois Department of
additional extension to file of more than six
Form IL-1120, Form IL-1120-ST,
Revenue, P .O. Box 19045, Springfield, Illinois
months (seven months for corporations) if
Form IL-1065, Form IL-1023-C, Form IL-1041,
62794-9045.
the Internal Revenue Service (IRS) grants
or Form IL-990-T by the due date, you should
you an additional extension.
What are the penalties and
complete the Tax Payment Worksheet on the
back of this page to determine if you must file
interest?
If you do not owe any tentative tax, you are
Form IL-505-B. If Line 9 of the worksheet
not required to file Form IL-505-B. However,
shows you owe tentative tax, you must file this
You owe a late-filing penalty if you do not
you must attach a copy of the approved
form and pay the full amount due. Filing an
file a processable return by the extended due
federal extension to your annual return when
extension does not extend the time for
date, a late-payment penalty if you do not
it is filed.
paying your taxes.
pay the tax you owe by the original due date
of the return, and a bad check penalty if
When should I file and pay?
Unitary group: If you are a member of a
your remittance is not honored by your
unitary business group that is filing a
financial institution. Interest is calculated on
You must file your completed form and pay
combined return, your designated agent
tax from the day after the original due date of
any tentative tax amount you owe by the
must complete one Form IL-505-B for the
your return through the date you pay the tax.
original due date of your annual return or as
entire group as though it is one taxpayer.
soon as you realize you owe tentative tax.
We will bill you for penalties and interest. For
The due date depends on the type of annual
Federal consolidated group: If you are a
more information about penalties and
return that you file. Refer to the following list
member of a federal consolidated group, you
interest, see Publication 103, Uniform
of return due dates.
must file a separate Form IL-505-B for each
Penalties and Interest. To receive a copy of
taxpayer. We will not grant “blanket” or
All dates refer to the months following the
this publication, call 1 800 356-6302.
consolidated extensions.
close of the taxable year.
What if I need additional
Form IL-1023-C filers: If you are filing
For
Due date
assistance?
Form IL-505-B for an extension to file your
•
corporations, small
the 15th day of
Illinois Form IL-1023-C, you must write “666”
If you need additional assistance, visit our
business corporations
the 3rd month
in the sequence no. on this form.
Web site at call our
•
partnerships, fiduciaries,
the 15th day of
Do not file this form if, after completing
Taxpayer Assistance Division at
composites, exempt
the 4th month
the Tax Payment Worksheet, you find that
1 800 732-8866, 217 782-3336, or call our
organizations (employee
you do not owe additional tax. However,
TDD (telecommunications device for the
trusts only)
please be aware that if an unpaid liability is
deaf) at 1 800 544-5304. Our office hours are
disclosed when you file your return, you may
8 a.m. to 5 p.m.
•
exempt organizations
the 15th day of
owe penalty and interest charges in addition
(all others)
the 5th month
What if I need additional
to the tax. See “What are the penalties and
•
interest?”
forms?
cooperatives
the 15th day of
the 9th month
What are the extensions?
If you need additional forms, visit our Web
Note: If you file federal Form 1120, U.S.
site at call our Illinois Tax
Automatic Illinois extension —
We
Corporation Income Tax Return, and the
Fax at 217 785-3400; call our 24-hour Forms
grant you an automatic six-month (seven-
original due date is later than the 15th day of
Order Line at 1 800 356-6302; or write to us
month for corporations) extension in which to
the 3rd month, your Form IL-1120 and your
at P .O. Box 19010, Springfield, Illinois
file your annual return whether or not you
payment will be due at the same time as your
62794-9010.
request the automatic extension. You are not
federal Form 1120.
IL-505-B front (R-12/02)
— — — — — — — — Return only the bottom portion with your payment. — — — — — — — —
Illinois Department of Revenue
IL-505-B
Automatic Extension Payment for 2002
If no payment is due, do not file this form.
Tax year ending
____ ___/___ ___ ___ ___
Month
Year
___ ___ - ___ ___ ___ ___ ___ ___ ___
___ ___ ___
Federal employer identification number
Sequence no.
.
_______________________________________________________
Write the amount of your payment here. __________________
____
Name of organization
Tentative tax due
_______________________________________________________
Street address
_______________________________________________________
City
State
ZIP
(_____)_________________________________________________
Make your check or money order payable to and mail this
Daytime phone number
voucher to:
ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19045
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is
SPRINGFIELD IL 62794-9045
REQUIRED. Failure to provide information could result in a penalty. This form has been approved
by the Forms Management Center.
IL-492-0067
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