Form Il-505-I - Automatic Extension Payment For Individuals - 2004
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Illinois Department of Revenue
IL-505-I
2004
Automatic Extension Payment
for Individuals Filing Form IL-1040
What is the purpose of Form IL-505-I?
Additional extension beyond six months
If you cannot file your Form IL-1040 within the automatic six-month
The purpose of Form IL-505-I, Automatic Extension Payment, is to
extension period, we will grant you an extension of more than six
provide taxpayers who are unable to file their Form IL-1040,
months if the Internal Revenue Service grants you an additional
Individual Income Tax Return, by the due date a means of calculating
extension ( e.g., federal Form 2688, Application for Additional
and remitting their tentative tax liability on or before the original due
Extension of Time To File).
date of the return (see "When should I file and pay?").
File Form IL-505-I only if tentative tax is due and you pay with a
Who must file Form IL-505-I?
paper check or money order. You must attach a copy of the approved
You must file Form IL-505-I if all of the following apply to you:
federal extension to your Form IL-1040 when you file your return to
you complete the Tax Payment Worksheet on the back of this
avoid a late-filing penalty.
page and determine that you will owe a tentative tax, and
Where should I file?
you submit your payment by paper check or money order (i.e., you
Mail your Form IL-505-I to: Illinois Department of Revenue, P.O. Box
do not use any electronic means, such as electronic funds
19005, Springfield, Illinois 62794-9005. Make your check or money
transfer, to make your payment), and
order payable to “Illinois Department of Revenue.”
you can not file your Form IL-1040 by the due date.
Be sure to write your Social Security number, tax year, and
If Line 7 of the worksheet shows you owe tentative tax, you must pay
“IL-505-I” on your payment.
the full amount due by the original due date of the return. An
Will I owe penalties and interest?
extension of time to file does not extend the amount of time you
have to make your payment.
You will owe a
Do not file Form IL-505-I if:
late-filing penalty if you do not file a processable return by the
after you complete the Tax Payment Worksheet, you find that
extended due date,
you do not owe additional tax, or
late-payment penalty if you do not pay the tax you owe by the
you make your extension payment electronically (by credit card,
original due date of the return, and
Electronic Funds Transfer (EFT), or Electronic Funds Withdrawal), or
bad check penalty if your remittance is not honored by your
you are making an IL-700-H, Illinois Household Employer's
financial institution.
Tax Return, payment.
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
penalties and interest.
return, you may owe penalty and interest charges in addition to the
For more information about penalties and interest, see
tax. See “Will I owe penalties and interest?”
Publication 103, Uniform Penalties and Interest. To receive a copy of
When should I file and pay?
this publication, refer to "What if I need additional forms or
If you owe any tentative tax, and you pay with a paper check or
assistance?" on the back of this form.
money order, file Form IL-505-I along with your payment on or before
What should I attach to my Form IL-1040?
the original due date of your annual return, or as soon as you realize
If you file your return within the automatic six-month extension
you owe tentative tax.
period, you do not have to attach anything to your return to explain
What are the extensions?
your delayed filing.
Automatic Illinois six-month extension
If you file your return after the automatic six-month extension period
We automatically grant all taxpayers a six-month extension of time to file
and the Internal Revenue Service grants you an extension of more
Form IL-1040. For calendar year filers, the filing date is automatically
than six months, you must attach a copy of your approved federal
extended to October 17. You are not required to file Form IL-505-I in
Form 2688 to your Form IL-1040 to avoid a late-filing penalty.
order to obtain this automatic extension. However, you must pay any
Be sure to claim any Form IL-505-I payments on your
tentative tax due in order to avoid any late-payment penalty and interest
2004 Form IL-1040, Line 18.
on tax not paid by the original due date of your return.
IL-505-I front (R-12/04)
Return only the bottom portion with your payment.
Illinois Department of Revenue
IL-505-I 2004
Automatic Extension Payment for Individuals
Official Use
(R-12/04)
For calendar year ending
/
12/04 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
Do not file this form if no payment is due or if you
Mail to:
make this payment electronically or by credit card.
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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