Schedule M Draft - Other Additions And Subtractions (For Businesses) - 2011
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1
2
3
4Other Additions
Y ear ending
Illinois Department of Revenue
2011 Schedule M
____ ____
and Subtractions
Month
Year
(for businesses)
Attach to your Form IL-1120, IL-1120-ST, IL-1065, or IL-1041
IL Attachment No. 15
Step 1: Provide the following information
–
Write your name as shown on your tax return.
Write your Federal Employer Identification no. (FEIN)
Step 2: Figure your additions
Write the amount of
1
1
Capital gain taxed under IRC Section 852(b)(3).
_________________ 00
2
Notes, bonds, debentures, or obligations issued by the Governments of American Samoa,
Guam, the Northern Mariana Islands, Puerto Rico, or the Virgin Islands.
2
_________________ 00
3
Lloyd’s plan of operation loss if reported on your behalf on Form IL-1023-C and included in
3
your federal taxable income.
_________________ 00
4
4
Business expense recapture.
_________________ 00
5
Any other state’s income tax deducted from federal taxable income (Form IL-1041 filers only).
filers
filers
only)
only)
5
_________________ 00
6
6
Capital loss to be carried forward (Form IL-1041 filers only).
_________________ 00
7 Credit taken on Schedule 1299-A or 1299-D for college savings plan contributions
Credit taken on Schedule 1299-A or 1299-D for college savings plan contributions
Credit taken on Schedule 1299-A or 1299-D for college savings plan contributions
you made as an employer.
7
_________________ 00
8
8
Dividends paid by a captive REIT.
_________________ 00
9
9
Other additions - Identify each item. ___________________________________________
___________________________________________
___________________________________________
_________________ 00
10
A dd Lines 1 through 9. Write the amount here and on your Form IL-1120, Line 8,
Add Lines 1 through 9. Write the amount here and on your Form IL-1120, Line 8,
Add Lines 1 through 9. Write the amount here and on your Form IL-1120, Line 8,
Add Lines 1 through 9. Write the amount here and on your Form IL-1120, Line 8,
Add Lines 1 through 9. Write the amount here and on your Form IL-1120, Line 8,
Form IL-1120-ST, Line 21, Form IL-1065, Line 22 or Form IL-1041, Line 10.
orm IL-1120-ST, Line 21, Form IL-1065, Line 22 or Form IL-1041, Line 10.
orm IL-1120-ST, Line 21, Form IL-1065, Line 22 or Form IL-1041, Line 10.
orm IL-1120-ST, Line 21, Form IL-1065, Line 22 or Form IL-1041, Line 10.
orm IL-1120-ST, Line 21, Form IL-1065, Line 22 or Form IL-1041, Line 10.
10
_________________ 00
Step 3: Figure your subtractions
Write the amount of
11
11
Exempt interest dividends paid by regulated investment companies (IRC § 852(b)(5)).
Exempt interest dividends paid by regulated investment companies (IRC § 852(b)(5)).
Exempt interest dividends paid by regulated investment companies (IRC § 852(b)(5)).
_________________ 00
12
Notes, bonds, debentures, or obligations issued by the Governments of American Samoa,
Notes, bonds, debentures, or obligations issued by the Governments of American Samoa,
Notes, bonds, debentures, or obligations issued by the Governments of American Samoa,
Guam, the Northern Mariana Islands, Puerto Rico, or the Virgin Islands to the extent the
thern Mariana Islands, Puerto Rico, or the Virgin Islands to the extent the
thern Mariana Islands, Puerto Rico, or the Virgin Islands to the extent the
amounts were required to be added back on Line 2.
ere required to be added back on Line 2.
ere required to be added back on Line 2.
12
_________________ 00
13
13
Lloyd’s plan of operation income if reported on your behalf on Form IL-1023-C.
Lloyd’s plan of operation income if reported on your behalf on Form IL-1023-C.
Lloyd’s plan of operation income if reported on your behalf on Form IL-1023-C.
_________________ 00
14
14
Income for which you claimed a credit under IRC § 1341.
Income for which you claimed a credit under IRC § 1341.
Income for which you claimed a credit under IRC § 1341.
_________________ 00
15
Expense deductions disallowed federally under IRC §§ 171(a)(2), 265, 280C, 291(a)(3), or 832(b)(5)(B)(i).
Specify any amount relating to the following:
a
a
Interest expenses relating to municipal income (IRC § 291)
______________ 00
b
Interest and other expenses related to federally tax-exempt
interest (IRC § 265)
b
______________ 00
c
c
Bond premium amortization on federally tax-exempt bonds (IRC § 171)
______________ 00
d
Expenses related to certain federal credits (IRC §280C)
d
______________ 00
e
e
Reduction in insurance company reserves (IRC §832)
______________ 00
f
Reduction in depreciation related to railroad maintenance
f
credits (IRC § 45G)
______________ 00
g
g
Gross income resulting from alternative energy credits (IRC § 87)
______________ 00
16
16
Add Lines 15a through 15g.
_________________ 00
17
17
Add Lines 11 through 14 and Line 16. Write the amount here and on Line 18.
_________________ 00
*133801110*
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Schedule M Front (R-12/11)
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