Form Il-990-T - Illinois Exempt Organization Income And Replacement Tax Return - 1998
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1Illinois Exempt Organization
1998 IL-990-T
Income and Replacement
Tax Return
or fiscal year beginning ____/____, 1998, ending ____/____, 199___.
Due on or before the 15th day of the 5th month (4th month for employee trusts) following the close of the tax year.
Mail this return to: Illinois Department of Revenue, P.O. Box 19009, Springfield, IL 62794-9009
Do not write above this line.
___________________________________________________________
|___|___| - |___|___|___|___|___|___|___|
Name
Federal employer identification number (FEIN)
___________________________________________________________
Check all that apply.
C/O or name of trust's fiduciary
Name or address change
First return
Final return
______________________________________________________________
If final, write the date: Discontinued ________ or sold _________
Mailing address
___________________________________________________________
Indicate if you are taxed as a:
Corporation
Trust
City
State
ZIP
Nature of unrelated trade or business:_______________________
Part I
1
1
Unrelated business taxable income (loss) (See instructions.)
_______________|____
2
2
Illinois income and replacement tax deducted in arriving at Line 1 above
_______________|____
3
Base income (loss). Add Lines 1 and 2. If base income (loss) is derived solely inside Illinois
3
or the trust is an Illinois resident, write this amount on Part III, Line 1; otherwise, continue to Part II.
_______________|____
Part II
_______________|____
1
1
Partnership business income (loss) included in Part 1, Line 3.
2
2
Business income (loss). Subtract Line 1 from Part I, Line 3.
_______________|____
3
Business income apportionment formula
1
2
3
4
5
Total everywhere
Within Illinois
Ratio (Col. 2 ÷ Col. 1)
Weighted
Weighted totals
factors
(cannot be negative)
(cannot be negative)
(carry to six decimals)
a
3a
X .166667
=
Property factor
_________________
_________________
_______________
_________________
•
•
b
3b
X .166667
=
Payroll factor
_________________
_________________
_______________
_________________
•
•
c
3c
X .666666
=
Sales factor
_________________
_________________
_______________
_________________
•
•
4
4
Apportionment factor. Add Column 5, Lines 3a through 3c. (See instructions.)
_________________
•
5
5
Base income or net loss apportionable to Illinois. Multiply Line 2 by Line 4.
_______________|____
6
6
Partnership business income (loss) apportionable to Illinois (See instructions.)
_______________|____
7
7
Base income or net loss allocable to Illinois. Add Lines 5 and 6. Write this amount on Part III, Line 1.
_______________|____
Part III
1
1
Base income (loss) from Part I, Line 3 or Part II, Line 7
_______________|____
2 a
2a
Replacement tax. Corporations should multiply Line 1 by 2.5%; otherwise 1.5%.
_______________|____
b
2b
Recapture of investment credits from Schedule 4255 (See instructions.)
_______________|____
3
3
Total replacement tax before investment credits. Add Lines 2a and 2b.
_______________|____
4
4
Investment credits from IL-477, Part I, Line 9. (Attach Form IL-477, see instructions.)
_______________|____
5
5
Net replacement tax. Subtract Line 4 from Line 3 (cannot be less than zero).
_______________|____
1 a
1a
Part IV
Income tax. Corporations should multiply Part III, Line 1 by 4.8%; otherwise 3%.
_______________|____
b
1b
Recapture of investment credits from Schedule 4255 (See instructions.)
_______________|____
2
2
Total income tax before credits. Add Lines 1a and 1b.
_______________|____
3 a
3a
Income tax credits from Schedule 1299-D
_______________|____
(Attach Schedule 1299-D, see instructions.)
b
3b
Credit for replacement tax paid from worksheet (See instructions.)
_______________|____
c
3c
Carryforward of credit for replacement tax paid (See instructions.)
_______________|____
4
4
Total credits. Add Lines 3a through Line 3c.
_______________|____
5
5
Net income tax. Subtract Line 4 from Line 2 (cannot be less than zero).
_______________|____
6
6
Total net income and replacement tax. Add Part III, Line 5 and Part IV, Line 5.
_______________|____
7 a
7a
Estimated tax payments. Include any 1997 overpayment credited to 1998 tax.
_______________|____
b
7b
Tax paid with Form IL-505-B
_______________|____
8
8
Total payments (and credit). Add Lines 7a and 7b.
_______________|____
9
9
Overpayment. Subtract Line 6 from Line 8.
_______________|____
a
9a
Write the amount of overpayment to be credited to 1999.
_______________|____
10
10
Tax due. Subtract Line 8 from Line 6. This is your balance of tax due (see instructions). Pay in full if $1 or more.
_______________|____
Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete.
Do not write in this box.
______________________________________________/_____/_______
(_____)_______________________
Signature of authorized officer
Date
Phone
______________________________________________/_____/_______
_____________________________
Check if
self-employed
Signature of preparer
Date
Preparer's Social Security number or firm's FEIN
____________________________________
____________________________________________
(_____)_________________
Preparer firm's name (or preparer if self-employed)
Address (firm's or preparer's if self-employed)
Phone
NS
TS
ME
IM
NT
FI
XX
PB _______
PZ _______
AL_______
DR _________
ID _______
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide
IL-990-T (R-12/98)
information could result in a penalty. This form has been approved by the Forms Management Center.
IL-492-0076
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