Form Il-505-I - Automatic Extension Payment - Illinois Department Of Revenue -2002
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1
2Illinois Department of Revenue
IL-505-I
2002
Automatic Extension Payment
for Individuals Filing Form IL-1040
Who must file Form IL-505-I?
File Form IL-505-I only if tentative tax is due. You must attach a copy
of the approved federal extension to your Form IL-1040 when you file
You must file Form IL-505-I, Automatic Extension Payment, if you
your return to avoid a late-filing penalty.
cannot complete and file your Form IL-1040, Individual Income Tax
Return, by the due date. Complete the Tax Payment Worksheet on the
Where should I file?
back of this form to determine if you must file Form IL-505-I. If Line 7
Mail your Form IL-505-I to: Illinois Department of Revenue, P .O. Box
of the worksheet shows you owe tentative tax, you must file this form
19005, Springfield, Illinois 62794-9005. Make your check or money
and pay the full amount due by April 15, 2003, (or the fifteenth day of
order payable to “Illinois Department of Revenue.”
the fourth month following the close of the tax year) or as soon as you
realize tentative tax is due.
Be sure to write your Social Security number, tax year, and
“IL-505-I” on your payment.
Filing an extension does not extend the time for
Do not use the IL-505-I voucher below to pay your IL-700-H payment.
paying your taxes.
Do not file this form if, after completing the Tax Payment Worksheet
Will I owe penalties and interest?
on the back of this form, you find that you do not owe additional tax.
You will owe a
However, if an unpaid liability is disclosed when you file your return,
late-filing penalty if you do not file a processable return by the
you may owe penalty and interest charges in addition to the tax. See
extended due date,
“Will I owe penalties and interest?”
late-payment penalty if you do not pay the tax you owe by the
original due date of the return, and
When should I file?
bad check penalty if your remittance is not honored by your
If you owe any tentative tax, file Form IL-505-I along with your
financial institution.
payment on or before the original due date of your annual return, or
You will owe interest on tax from the day after the original due date of
as soon as you realize you owe tentative tax.
your return through the date you pay the tax. We will bill you for
What are the extensions?
penalties and interest.
Automatic Illinois six-month extension
For more information about penalties and interest, see Publication 103,
Uniform Penalties and Interest. To receive a copy of this publication,
We grant you an automatic six-month extension of time to file your
refer to "What if I need additional assistance or forms?" on the back of
Form IL-1040. You are not required to file Form IL-505-I in order to
this form.
obtain this automatic extension. However, you should use
Form IL-505-I to pay any tentative tax due in order to avoid any
What should I attach to my Form IL-1040?
late-payment penalty and interest on tax not paid by April 15, 2003.
If you file your return within the automatic six-month extension period,
Additional extension beyond six months
you do not have to attach anything to your return explaining your
delayed filing.
If you cannot file your Form IL-1040 within the automatic six-month
extension period, we will grant you an extension of more than six
If you file your return after the automatic six-month extension period
months if the Internal Revenue Service grants you an additional
and the Internal Revenue Service grants you an extension of more
extension ( e.g., federal Form 2688, Application for Additional Exten-
than six months, you must attach a copy of your approved federal
sion of Time To File).
Form 2688 to your Form IL-1040 to avoid a late-filing penalty.
Be sure to claim any Form IL-505-I payments on your
2002 Form IL-1040, Line 18.
IL-505-I front (R-12/02)
Return only the bottom portion with your payment.
Illinois Department of Revenue
IL-505-I 2002
Automatic Extension Payment for Individuals
Official Use
(R-12/02)
For calendar year ending
/
12/02 or fiscal year ending
-
-
-
-
.
Month and year
Your Social Security number
Spouse’s Social Security number
$ _____________
_____
Tentative tax due
Your first name & initial
Spouse’s first name (& last name if different)
Your last name
Street address
City
State
ZIP
Make your check or money order payable
-
(
)
to the "Illinois Department of Revenue."
Daytime phone number
Official Use
Mail to:
Do not file this form if no payment is due.
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
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