Form Il-1120-St - Small Business Corporation Replacement Tax Return - 2005
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1
2Illinois Department of Revenue
Small Business
2005 Form IL-1120-ST
Corporation
Replacement Tax Return
or fiscal year beginning __ __/__ __, 2005, ending __ __/__ __, 20__ __.
Due on or before the 15th day of the 3rd month following the close of the tax year.
Do not write above this line.
____________________________________________________________________
|___|___| - |___|___|___|___|___|___|___|
Type
Name
Federal employer identification number (FEIN)
____________________________________________________________________
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or
C/O
Illinois business tax (IBT) number
____________________________________________________________________
Check this box if you are unitary and write the FEIN
print
Mailing address
__ __ - __ __ __ __ __ __ __
of the Sch. UB filer
____________________________________________________________________
Check the box if this is your:
First return
City
State
ZIP
Final return, complete the questions at the end.
Check the box if your name or address has changed.
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
Other additions (Specify:____________________________________________)
____________|____
d
2d
The share of loss distributable to a shareholder subject to Illinois replacement tax
____________|____
3
3
Add Lines 2a through 2d. 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
Enterprise zone subtractions from Schedule 1299-A (See instructions.)
____________|____
c
5c
The share of income distributable to a shareholder subject to Illinois replacement tax
____________|____
d
5d
Expenses incurred in producing certain federally tax-exempt income (See instructions.)
____________|____
e
5e
Other subtractions (Specify:___________________________________________)
____________|____
6
6
Add Lines 5a through 5e. This is the total of your subtractions.
____________|____
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 any portion of your base income or loss is derived 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.
____________|____
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 a
2a
Multiply Line 1c by 1.5% (.015). This is your replacement tax.
____________|____
b
2b
Recapture of investment credits from Schedule 4255. (See instructions.)
____________|____
3
3
Add Lines 2a and 2b. This is the total of your replacement tax before investment credits.
____________|____
4
4
Investment credits from Form IL-477 (Attach Form IL-477, see instructions.)
____________|____
5
5
Subtract Line 4 from Line 3 (cannot be less than zero). This is your net replacement tax.
____________|____
6
6
Tax paid with Form IL-505-B. Include any 2004 overpayment credited to 2005 tax.
____________|____
7
7
Overpayment. Subtract Line 5 from Line 6.
____________|____
a
7a
Write the amount of overpayment to be credited to 2006.
____________|____
8
8
Tax due. Subtract Line 6 from Line 5. 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 19032, Springfield, IL 62794-9032
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IL-1120-ST front (R-12/05)
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