Form Il-505-I - Automatic Extension Payment For Individuals - 2016 Page 2

Download a blank fillable Form Il-505-I - Automatic Extension Payment For Individuals - 2016 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Il-505-I - Automatic Extension Payment For Individuals - 2016 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

What if I need additional forms or assistance?
Credit Card
Use your MasterCard, Discover, American Express,
or Visa. The credit card service provider will assess a convenience
visit our website at tax.illinois.gov,
fee. Have your credit card ready and visit our website or call one of
call our Taxpayer Assistance Division at 1 800 732-8866 or
the following:
217 782-3336 between 8 a.m. and 5 p.m., or
Official Payments Corporation at 1 800 2PAYTAX
call our TDD (telecommunications device for the deaf)
(1 800 272-9829). You will need a Jurisdiction Code, which is 2300.
at 1 800 544-5304.
Value Payment Systems at 1 888 9-PAY-ILS (1 888 972-9457).
What if I want to pay electronically?
Link2Gov/FIS at 1 877 57-TAXES (1 877 578-2937).
Use one of the following electronic payment options:
Electronic Funds Transfer
Complete Form EFT-1, Authorization
Online – Visit our website at tax.illinois.gov to have your
Agreement for Certain Electronic Payments.
payment taken from your checking or savings account. You will
To print a copy of this form or for more information about this
need your IL-PIN (Illinois Personal Identification Number).
program, visit our website at tax.illinois.gov.
Instructions for Tax Payment Worksheet
Line 1 – Income tax and other taxes
Line 5 – Estimated allowable credits
Enter the total amount of individual income tax you expect to owe
Enter any estimated allowable income tax credits for
and any other taxes you will report on your Form IL-1040. Use
income tax paid to other states,
Form IL-1040 as a worksheet and complete Lines 1 through 15 to
Illinois Property Tax paid,
determine the income tax you expect to owe and Lines 22, 23, and
education expenses,
24 to determine any other taxes you will report on your Form IL-1040.
earned income, and
Add your expected income tax due and other taxes from Form
credits from Schedule 1299-C, Income Tax Subtractions and
IL-1040 and enter the result here.
Credits (for individuals).
See instructions for Form IL-1040, Schedule CR, Credit for Tax Paid
Line 2 – Withholding and pass-through withholding payments
to Other States, Schedule ICR, Illinois Credits, and Schedule 1299-C.
Enter the amount of Illinois Income Tax withheld from your wages for
Line 6 – Total tax payments and credits
the tax year and pass-through withholding payments made on your
behalf for 2016 and reported to you on Schedule K-1-P or K-1-T.
Add Lines 2 through 5, and enter the total on Line 6.
Line 3 – Estimated income tax payments
Line 7 – Tentative tax due
Enter the total amount of Illinois estimated payments you made with
Subtract Line 6 from Line 1. Round the result to whole dollars and
Form IL-1040-ES for the tax year. Include any overpayment credited
enter it on Line 7 and on Form IL-505-I. This is your tentative tax due.
to your 2016 tax.
If the amount is $1 or more, you must pay this amount. You may pay
electronically (by credit card, EFT, or Electronic Funds Withdrawal) or
Line 4 – Previous Form IL-505-I payment
file this form and attach your payment. If the tax due is less than $1,
Enter the amount of Illinois Income Tax you paid with any previous
stop. Do not file this form. No payment is due.
Form IL-505-I for this tax year.
Tax Payment Worksheet for Your Records
1
1
Enter the total income and other taxes you expect to owe and report on Form IL-1040.
2
2
Enter your Illinois Income Tax withheld and pass-through withholding payments.
3
3
Enter your Illinois estimated payments and any overpayment credited to 2016.
4
4
Enter any tax payment made for tax year 2016 with a previous Form IL-505-I.
5
Enter the estimated allowable credits for income tax paid to other states, Illinois Property
5
Tax paid, education expenses, earned income, and credits from Schedule 1299-C.
6
6
Total tax payments and credits. Add Lines 2 through 5.
7
7
Tentative tax due – Subtract Line 6 from Line 1. Round to whole dollars and enter here and on Form IL-505-I.
Do not file Form IL-505-I if no payment is due or if you make this payment electronically or by credit card.
IL-505-I back (R-12/16)
This form is authorized as outlined under the Illinois Income Tax Act. Disclosure of
this information is required. Failure to provide information could result in a penalty.
*ZZZZZZZZZ*

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 2