Form Il-1065 - Partnership Replacement Tax Return - 2000
ADVERTISEMENT
1
2Illinois Department of Revenue
Partnership Replacement
2000 Form IL-1065
Tax Return
or fiscal year beginning __ __/__ __, 2000, ending __ __/__ __, 20__ __.
Due on or before the 15th day of the 4th month following the close of the tax year.
Do not write above this line.
____________________________________________________________________
|___|___| - |___|___|___|___|___|___|___|
Type
Name of partnership
Federal employer identification number (FEIN)
Check applicable boxes:
____________________________________________________________________
or
C/O
Name or
First return
Final return
address change
____________________________________________________________________
If you checked final return, complete the
print
Mailing address
questions located at the end of this return.
____________________________________________________________________
You are filing an IRC, Section 761, election.
City
State
ZIP
Part I — Base income or loss
Complete Part IA before completing Part I
1
1
Write your unmodified base income or loss from Part IA, Line 5.
____________|____
2
Additions (See specific instructions for Part I.)
a
2a
State, municipal, and other interest income excluded in arriving at Line 1 above
____________|____
b
2b
Illinois replacement tax deducted in arriving at Line 1 above
____________|____
c
2c
Guaranteed payments to partners (see instructions).
____________|____
d
2d
Other additions (specify:____________________________________________)
____________|____
e
2e
The share of loss distributable to a partner subject to Illinois replacement tax
____________|____
3
3
Add Lines 2a through 2e. This is the total of your additions.
____________|____
4
4
Add Lines 1 and 3. This is your total income.
____________|____
5
Subtractions. (See specific instructions for Part I.)
a
5a
Interest income from U.S. Treasury and other exempt federal obligations
____________|____
b
5b
August 1, 1969, valuation limitation amount from Schedule F
____________|____
c
5c
Greater of personal service income or reasonable allowance for compensation paid
____________|____
d
5d
The share of income distributable to a partner subject to Illinois replacement tax
____________|____
e
5e
Enterprise zone or foreign trade zone/sub-zone dividends from Schedule 1299-A
____________|____
f
5f
Expenses incurred in producing certain federally tax-exempt income (See instructions.)
____________|____
g
5g
Other subtractions (specify:__________________________________________)
____________|____
6
Add Lines 5a through 5g. This is the total of your subtractions.
6
____________|____
7
Subtract Line 6 from Line 4. This is your base income or loss.
If your base income or loss is derived solely inside Illinois, write this amount on Part II, Line 1a.
7
____________|____
If your base income or loss is derived inside and outside Illinois, write this amount on Part III, Line 1.
Part II — Net income or loss and replacement tax
1 a
1a
Write your base income or loss from Part III, Line 9, if applicable; otherwise, from Part I, Line 7.
____________|____
a
Check this box if you are electing to forgo the Illinois NLD carryback period. (See instructions.)
b
1b
Illinois net loss deduction (NLD). (Attach Schedule NLD, see instructions.)
____________|____
c
1c
Subtract Line 1b from Line 1a (cannot be less than zero). This is your income after NLD.
____________|____
2
2
Write your total base income from Part I, Line 7.
____________|____
3
3
Divide Line 1a by Line 2. If Line 1a equals or exceeds Line 2, write “1.”
____________|____
4
4
Multiply Line 3 by $1,000. This is your standard exemption. If you are a short-year filer, see General Information.
____________|____
5
5
Subtract Line 4 from Line 1c. This is your net income.
____________|____
6 a
6a
Multiply Line 5 by 1.5% (.015). This is your replacement tax.
____________|____
b
6b
Recapture of investment credits from Schedule 4255. (See instructions.)
____________|____
7
7
Add Lines 6a and 6b. This is the total of your replacement tax before investment credits.
____________|____
8
8
Investment credits from Form IL-477. (Attach Form IL-477, see instructions.)
____________|____
9
9
Subtract Line 8 from Line 7 (cannot be less than zero). This is your net replacement tax.
____________|____
10
10
Tax paid with Form IL-505-B. Include any 1999 overpayment credited to 2000 tax.
____________|____
11
11
Overpayment. Subtract Line 9 from Line 10.
____________|____
a
11a
Write the amount of overpayment to be credited to 2001.
____________|____
12
12
Tax due. Subtract Line 10 from Line 9. This is your balance of tax due (see instructions). Pay in full if $1 or more.
____________|____
Do not write in this box.
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.
Sign
_______________________________________________________/_____/______
(____)__________________
Signature of authorized officer
Date
Phone
Check if self-
here
employed
_______________________________________________________/____/_______
____________________________
Signature of preparer
Date
Preparer’s SSN, FEIN, or PTIN
___________________________________
_______________________________________________________
(___)_________________
Preparer firm’s name (or yours, if self-employed)
Address
Phone
Mail this return to: Illinois Department of Revenue, P.O. Box 19031, Springfield, IL 62794-9031
NS
TS
FI
ME
LF
TF
XX
MA
MC
BD
ED
IM
AL __________
DR ___________
ID___________
IL-1065 front (R-12/00)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial