Form Il-1023-Ces Draft - Composite Estimated Tax Payments For Partners And Shareholders - 2012 Page 2
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1
2
3Step 1: Complete the composite estimated tax worksheet.
1
1
Write the amount of composite income expected in 2012. (See Form IL-1023-C instructions.)
________________
2
2
________________
Total estimated income tax. Multiply Line 1 by 5% (.05).
Complete Lines 3 and 4 only if you wish to estimate replacement tax due for any trust members.
Otherwise, go to Line 5.
3
3
Write the amount of estimated composite income included in Line 1 that is subject to replacement tax.
________________
4
4
Total estimated replacement tax. Multiply Line 3 by 1.5% (.015).
________________
5
5
________________
Add Lines 2 and 4.
6
6
Write the amount of Illinois tax credits and pass-through entity payments expected in 2012.
________________
7
7
Write the amount of any 2011 overpayment credited to 2012.
________________
8
8
Add Lines 6 and 7.
________________
9
9
Subtract Line 8 from Line 5.
________________
1 0
Divide the amount on Line 9 by 4. This is the amount of each of your estimated payments.
10
________________
Step 2: Complete the estimated tax voucher.
1
Complete the voucher. Fiscal year filers see “When should I file and pay?”
2
Write the federal employer identification number (FEIN) of the partnership or S corporation and the tax year ending.
3
Write the name and address of the partnership or S corporation.
4
Write the amount you are paying from Step 1, Line 10.
5
• Detach the voucher and enclose a check or money order for the amount you are paying.
• Write your FEIN, tax year, and “IL-1023-CES” on your payment.
• Mail your completed voucher and payment to the address shown on the voucher.
• Complete Step 3 below.
Step 3: Record your estimated tax payments.
Check or
Voucher
Voucher
money order
amount
date
number
_______________________ __ __/__ __/__ __ __ __ ____________
_______________________ __ __/__ __/__ __ __ __ ____________
_______________________ __ __/__ __/__ __ __ __ ____________
_______________________ __ __/__ __/__ __ __ __ ____________
Total
Page 2 of 3
IL-1023-CES (R-12/11)
Illinois Department of Revenue
IL-1023-CES
Composite Estimated Tax Payment
for Partners and Shareholders
Official use only
Mail to Illinois Department of Revenue,
Estimated tax payment due date
P.O. Box 19009, Springfield, IL 62794-9009.
• 15th day of the 4th month
SEQ 6 6 6
Tax year ending ___ ___ ___ ___
FEIN:
___ ___ - ___ ___ ___ ___ ___ ___ ___
Month
Year
Entity
$
Name:
________________________________________________________
Print your payment amount on this line.
Return this voucher with check or money order
C/O:
________________________________________________________
payable to “Illinois Department of Revenue.”
Mailing
address
________________________________________________________
:
Official use only
City:
___________________________
______ ZIP: __________
State:
*137301110*
IL-1023-CES (R-12/11)
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