Fillable Form Il-505-B - Automatic Extension Payment For 2010 printable pdf download

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Illinois Department of Revenue

IL-505-B

Automatic Extension Payment

required to ﬁ le Form IL-505-B to obtain this extension if no tentative tax

What is the purpose of Form IL-505-B?

is due.

Form IL-505-B, Automatic Extension Payment, provides taxpayers who

Additional federal extension beyond six months —

are unable to ﬁ le their return by the due date a means of calculating

will grant you an additional extension to ﬁ le of more than six months

and remitting their tentative tax liability on or before the original due

(seven months for corporations) if the Internal Revenue Service (IRS)

date of the return (see “When should I ﬁ le and pay?”).

grants you an additional extension.

Who must ﬁ le Form IL-505-B?

If you do not owe any tentative tax, you are not required to ﬁ le Form

You must ﬁ le Form IL-505-B if all of the following apply to you:

IL-505-B. However, you must attach a copy of the approved federal

• you are a corporation, small business corporation, partnership,

extension to your annual return when you ﬁ le it.

ﬁ duciary, or an exempt organization and you cannot ﬁ le your

When should I ﬁ le and pay?

annual tax return by the due date, and

You must ﬁ le your completed

Form IL-505-B,

and pay any tentative

• you complete the Tax Payment Worksheet on the back of this

tax amount you owe by the original due date of your tax return or as

page and determine that you will owe a tentative tax, and

soon as you realize you owe tentative tax. This includes annual and

• you submit your payment by paper check or money order (i.e.,

short-year returns. The due date depends on the type of tax return

you do not use any electronic means, such as electronic funds

that you ﬁ le. Refer to the following list of return due dates.

transfer, to make your payments).

All dates refer to the months following the close of the taxable year.

Line 9 of

the worksheet shows you owe tentative tax, you must ﬁ le

For

Due date

this form and pay the full amount due. An extension of time to ﬁ le

• corporations, subchapter

does not extend the amount of time you have to make your

S corporations

the 15th day of the 3rd month

payment.

• partnerships, ﬁ duciaries,

Unitary group: If you are a member of a unitary business group that

composites, exempt organizations

is ﬁ ling a combined return, your designated agent must complete one

(employee trusts only)

the 15th day of the 4th month

Form IL-505-B for the entire group as though it is one taxpayer.

• exempt organizations (all others) the 15th day of the 5th month

Federal consolidated group: If you are a member of a federal

• cooperatives

the 15th day of the 9th month

consolidated group, you must ﬁ le a separate Form IL-505-B for each

If you ﬁ le federal Form 1120, U.S. Corporation Income Tax

member that is required to ﬁ le an Illinois tax return. We will not grant

Return, and the original due date is later than the 15th day of the 3rd

“blanket” or consolidated extensions.

month, your Form IL-1120 and your payment will be due at the same

Form IL-1023-C ﬁ lers: If you are ﬁ ling Form IL-505-B for an extension

time as your federal Form 1120.

to ﬁ le your Form IL-1023-C, you must write “666” on the “SEQ” line

Make your check or money order payable to “Illinois Department of

on this form.

Revenue.” Be sure to write your FEIN, tax year, and “IL-505-B” on

Do not ﬁ le Form IL-505-B if:

your payment. Mail your Form IL-505-B, with your payment, to

• after completing the Tax Payment Worksheet, you ﬁ nd that you do

ILLINOIS DEPARTMENT OF REVENUE

not owe additional tax, or

PO BOX 19045

• you make your extension payment by Electronic Funds Transfer

SPRINGFIELD IL 62794-9045

or WebPay.

You may be required to make your payments

Please be aware that if an unpaid liability is disclosed when

electronically. For more information, see Informational

you ﬁ le your return, you may owe penalty and interest charges in

Bulletin FY 2011-01.

addition to the tax. See “What are the penalties and interest?”

What are the penalties and interest?

What are the extensions?

Penalties — You will owe

Automatic Illinois extension —

We grant you an automatic

• a late-ﬁ ling penalty if you do not ﬁ le a processable return by the

six-month (seven-month for corporations) extension to ﬁ le your annual

extended due date;

return whether or not you request the automatic extension. You are not

• a late-payment penalty if you do not pay the tax you owe by the

IL-505-B front (R-12/10)

original due date of the return;

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

Illinois Department of Revenue

IL-505-B

Automatic Extension Payment for

2010

Ofﬁ cial use only

(R-12/10)

If no payment is due or you make your payment by

Tax year ending

Electronic Funds Transfer or WebPay, do not ﬁ le this form.

____ ___ ___ ___

Month

Year

FEIN:

___ ___ - ___ ___ ___ ___ ___ ___ ___

SEQ: ___ ___ ___

Name of

Organization

________________________________________________________

Print your payment amount on this line.

C/O:

________________________________________________________

Make your check or money order payable to

“Illinois Department of Revenue” and return the

Mailing

voucher and payment to

address

________________________________________________________

ILLINOIS DEPARTMENT OF REVENUE

PO BOX 19045

City:

___________________________

______ ZIP: __________

State:

SPRINGFIELD IL 62794-9045

Phone:

(______) ___________________

*037901110*

Reset

Form Il-505-B - Automatic Extension Payment For 2010

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